1. INTRODUCTION

LBS Bina Group Berhad (“LBGB” or “Company”) and its subsidiaries (“LBGB Group”) endeavours to provide a conducive working environment that is characterised by mutual respect. LBGB Group is committed to respecting and abiding internationally recognised human rights standards and fair labour practices according to relevant international treaties and/or convention and local statutory laws within LBGB Group operations (“Human Rights Laws”). LBGB Group recognises the importance of fair labour practices and a good relationship with mutual respect between LBGB Group and its employees to foster high morale amongst employees and to improve employees’ engagement within LBGB Group. LBGB Group strictly do not condone any practices, events, and activities that are in violation of the abovementioned Human Rights Laws.

2. OBJECTIVE

The objectives of this Human Rights Policy are amongst others;

a) To ensure all employment in LBGB Group are in accordance with relevant employment laws and principles including but not limited to the Employment Act 1955 and International Labour Organization (ILO).

b) To identify any risks relating to current labour practices in LBGB Group and to determine an effective method to prevent and eliminate these risks.

c) To provide a fair, respectable and safe workplace for all employees in LBGB Group.

d) To foster a pleasant, cordial, and harmonious relationship between employer and employees for smooth operations, and to promote stability as well as prosperity.

3. SCOPE

This Policy applies to all Directors, employees (including employees on contract terms, temporary or short-term employees and employees on secondment) or third parties who have become aware of or are genuinely suspected on a reasonable belief to be an employee of LBGB Group that has engaged, is engaged, is preparing to engage as well as our external stakeholders such as consultants, contractors, distributors, independent contractors, licensees, manufacturers, primary producers and subcontractors to be committed for the conducts as stated below.

In accordance with our commitment to the best practices on Human Rights Policy, we also expect our external stakeholders to aspire to the same standards in their business operation included but not limited to our commitment.

4. COMMITMENTS

In the pursuit of the objective, LBGB Group undertakes the following:

a) Non-discrimination

LBGB Group has a zero-tolerance policy against discrimination in any form and employees of LGBG Group are provided with equal and merit-based career opportunities regardless of gender, race, caste, nationality, religion, age, physical condition, marital status, union membership/affiliation/activity, employment status or political affiliation.

b) Fair Employment Conditions

LBGB Group operates in full compliance to applicable wage, work hours, overtime and benefits laws. LBGB Group provides recognition based on performance and contribution of the employee towards LBGB Group’s success.

c) Health and Safety

LBGB Group provides a safe and healthy workplace environment for employees. LBGB Group complies with applicable health and safety laws, regulations and requirements. LBGB Group is dedicated in maintaining a safe, productive workplace and strive to take every measure to prevent job-related injuries and illnesses.

d) Workplace Security

We strive to provide a safe and mutually respectful workplace environment free from violence, harassment, humiliation and intimidation of any nature which includes but is not limited to physical, verbal, gesture and any other form.

e) Child Labour

LBGB Group does not recruit child labour and is committed to strictly comply with applicable child labour laws as legislated under the Children and Young Persons (Employment) Act 1966 in the event LBGB Group decides to incorporate young workers into LBGB Group via various internship programs or otherwise. LBGB Group condemns all forms of child exploitation and slavery.

f) Forced Labour

LBGB Group recognises that forced labour, modern slavery, debt bondage, and human trafficking may stem from coercive tactics and undue influence from people in position of higher authority towards people in lower positions of authority which may include violence or threats of violence, or more subtle means such as accumulated debt, retention of identity papers or threats of denunciation to authorities.

LBGB Group supports the elimination of forced labour, modern slavery, debt bondage and human trafficking. LBGB Group takes the stand that the foregoing constitutes a severe violation of human rights and restriction of human freedom.

g) Freedom of Association & Collective Bargaining

LBGB Group respects freedom of association as part of our commitment to support fair and equitable treatment of LBGB Group’s employees regardless of gender, race, caste, nationality, religion, age, physical condition, marital status, union membership/affiliation/activity, employment status or political affiliation. Any form of discrimination based on the aforementioned factors is prohibited, and any union membership/activity will not lead to disciplinary measures or punitive actions.

h) Equal Opportunities

LBGB Group is committed to inculcating diversity and equal opportunity in our workplace which allows us to gain a competitive edge through embracing workforce diversity as well as providing fair treatment to all our employees to promote improved morale and loyalty towards LBGB Group.

LBGB Group shall ensure that all employees receive equal and fair treatment based solely on merits and competency regardless of any form, whether based on gender, race, caste, nationality, religion, age, physical condition, marital status, union membership/affiliation/activity, employment status or political affiliation throughout the organisation.

i) Excessive Working Hours

LBGB Group’s working hours are regulated under the employment contract with the respective employee, Malaysia Employment Act 1955 and/or the Employment (Limitation of Overtime Work) Regulations 1980.

LBGB Group is committed to ensuring that all employees are accorded with proper rest days to recuperate for the operational efficiency of LBGB Group.

j) Minimum Living Wage

LBGB Group recognises that a minimum wage has been mandated by the Malaysian authorities with the aim to protect employees against exploitative low wages. LBGB Group is committed to comply with the local statutory laws on minimum wages and ensures that all wages are paid in a timely manner.

5. REPORTING OF VIOLATIONS OF THE POLICY

Any employee who knows of, or reasonably suspects, of a violation of this Policy, is encouraged to report via:

i) Grievance Mechanism: For further details, please refer the section of “Grievance Mechanism” in this policy.

ii) Whistle Blowing Policy: For further details, the Whistle Blowing Policy of LBGB Group is available on LBGB’s corporate website at www.lbs.com.my/ 

6. REVIEW OF POLICY

This Policy has been approved by the Board and is available for reference in the LBGB’s corporate website and internal computer networking system.

This Policy shall be reviewed by the Board once in every two years and updated whenever necessary to ensure its effective implementation. Any subsequent amendments to the Policy shall be approved by the Board upon recommendation of the Sustainability Committee.

GRIEVANCE MECHANISM

1.  INTRODUCTION

LBS Bina Group Berhad (“LBGB” or “Company”) and its subsidiaries (“LBGB Group”) tailored the grievance mechanism to provide employees an additional channel to address concerns and complaints related to workplace matters that do not fall under the purview of the Whistleblowing Policy. While the Whistleblowing Policy primarily deals with serious misconduct and unethical behavior, this grievance mechanism is intended to address broader workplace grievances, disputes, or concerns. It is also typically an internal procedure for complaints followed by consideration, management response and feedback. Grievance reporting enables LBGB Group to validate and monitor the policies construct.

2. OBJECTIVE

The objectives of this Grievance Mechanism are amongst others;

a) To help LBGB Group to identify any unacceptable or unlawful gaps in current approach to grievances.

b) To resolve any issues/concerns before they become serious issues or result in litigation

c) To protect LBGB Group’s brand or company image by avoiding the ‘bad press’ associated with a mishandled grievance

3. SCOPE

This grievance mechanism applies to all Directors, employees (including employees on contract terms, temporary or short-term employees and employees on secondment) or third parties who have become aware of or are genuinely suspected on a reasonable belief to be an employee of LBGB Group that has engaged, is engaged, is preparing to engage.

4. GRIEVANCES

a) Economic: Concerns from employee regarding wages or benefits.

b) Work Environment: Concerns from physical work conditions such as too much heat or cold, cramped or limited work space, low lighting, bad quality equipment, faulty appliances etc., all constitute work environment related grievances and are valid causes of it.

c) Supervisory: Workload, biased performance rating, berating, subtle insulting, harassment of any sort, all constitute supervision related grievances.

d) Employee Relations: Bullying, conflict with co-worker/team member in delivering a project/task assigned

5. PROCESS FLOW

Please view PDF for more info. 

6. REPORTING

Any disclosure of grievances shall be made in writing via the few channels as follows:

1. File the grievance through E-Form submission Grievance raisers may file and lodge their grievances via this E-Form link: https://forms.office.com/r/jMwKfDKUeJ

2. File the grievance through E-mail / Mail

Grievance raisers may also obtain soft form / physical copy form (Appendix 1) from HR department and fill up the form. They can submit the form via the followings:

a. E-mail: [email protected]

b. Mail to: LBS Bina Group Berhad, Level 1-4, Plaza Seri Setia, No. 1, Jalan SS9/2, 47300 Petaling Jaya, Selangor. (Attention: Grievance Coordinator)

The grievance raiser will receive an acknowledgement of the receipt. In cases where more information is required to start the investigation, the Grievance Coordinator shall contact the complainant for additional information. Grievance Coordinator will be personnel from HR Department or GHR Department.

The Grievance Committee is a group of panels which consists of three (3) independent members from difference departments. The selection criteria of Grievance Committee as follows:

a) Grievance Committee’s designation must be higher than grievance raiser.

b) Grievance Committee must be free of partisanship that might hamper the independence of the committee

Each member of Grievance Committee is responsible for:

a) Review, assess and identify the grievance raised

b) Propose options to the grievance raiser or any other related parties to address the grievance c) Ensure comments, responses and grievances are handled in fair, transparent and timely manner in line with LBGB Group core values and best practices

7. TRANSPARENCY AND CONFIDENTIALITY

LBGB Group is committed to the transparency in handling of grievances. Grievance raisers can contact the Grievance Coordinator for inquiries regarding the status of the case (by email / in writing). All grievances reported under this mechanism will be treated with utmost confidentiality to protect the privacy of the parties involved and ensure a fair resolution process.

8. REVIEW OF MECHANISM

This grievance mechanism has been endorsed by Executive Director and is made available for reference in internal computer networking system.

It shall be reviewed and updated whenever necessary to ensure its effective implementation. Any subsequent amendments to this mechanism should be approved by Executive Director upon recommendation by the HR Department or GHR Department.

1. INTRODUCTION

LBS Bina Group Berhad (“LBGB” or “Company”) and its subsidiaries (“LBGB Group”) recognises the importance of sustainability and its increasing relevant impact to the business. Sustainability encompasses all aspects of ethical business practices, addressing relevant Economic, Environmental, Social and Governance (“EESG”).

LBGB Group aspires to integrate sustainable practices into its business operations, which hopes to bring benefits to the business, whilst attempting to achieve the right balance between the various needs and requirements of the local community, the requirements of shareholders and stakeholders, improving environmental footprints and economic success, as well as progressively aligning LBGB Group’s commitment towards the United Nations Sustainable Development Goals (“UN SDGs”).

2. OBJECTIVE

The objectives of this Policy are amongst others to provide guidance for LBGB Group:

a) To ensure the business operation as well as strategies and approaches adopted are aligned with our commitment.

b) To promote the integration of EESG principles into the governance agenda and framework of LBGB Group.

c) To create long-term sustainable value to all our stakeholders.

d) To support and enable employees at all levels in LBGB Group to act in line with our commitments and approach.

3. SCOPE

This Policy is applicable to LBGB Group and external stakeholders. In accordance with our commitment to the best practice on sustainability, LBGB Group also expects its external stakeholders to aspire to the same standards in their business operations, including but not limited to LBGB Group’s commitments.

This Policy makes reference to, and shall be read together with the following policies:

a) Environmental Policy Statement

b) Diversity Policy

c) Human Rights Policy

d) Whistle Blowing Policy

e) Workplace Harassment Policy

f) Occupational Safety and Health Policy

4. SUSTAINABILITY GOVERNANCE FRAMEWORK

The Group recognises the importance of good governance sustainability and incorporating it into all functions and processes which includes but is not limited to strategic planning, accountability, risk management, sustainable planning, and development.

LBGB’s Board of Directors (“the Board”) has the overarching responsibilities to deliver sustainable value to stakeholders through the principles, frameworks, policies, objectives, and strategies of the LBGB Group, whereby three dedicated taskforces, namely Sustainability Committee (“SC” or “Committee”), Group Sustainability (“GS”) and Sustainability Team have been established to assist the Board in its responsibilities. 

The SC is responsible to review and drive the LBGB Group’s sustainability strategies and affairs, EESG’s key targets and performance, and progress and scorecard to advance the LBGB Group’s sustainability leadership.

The GS which comprises of dedicated personnel are tasked to oversee material EESG matters, to develop feasible action plans for the realisation of set goals and targets, to oversee key sustainability risks and opportunities, maintain stakeholder engagement as well as to perform materiality assessments. The GS also oversees and monitors sustainability trends including governance, reporting and Sustainability Key Performance Indicators (“KPIs”).

LBS BINA GROUP BERHAD SUSTAINABILITY GOVERNANCE FRAMEWORK

5. COMMITMENTS

In the pursuit of the objectives, the LBGB Group undertakes the following:

5.1 Economic

Financial performance is a core imperative of LBGB’s role as a responsible developer. LBGB is accountable to its investors for the responsible management of its assets and capitals. Our Approach:

(a) Uphold competitive financial performance and realise greater value for our stakeholders through progressive integration of EESG considerations into our business.

(b) Incorporate EESG values into investment decisions and management practices to better anticipate potential risks, improve returns and identify opportunities while contributing to the betterment of society and the planet.

(c) Gradually transform towards digitalising the business operations of the LBGB Group by integrating technology and automation on its processes and procedures, in improving the productivity and reliability.

(d) Place a strong emphasis on supporting local procurement and supply chains by intentionally prioritises the selection of local goods and service providers by matching the mandatory standards in terms of cost, quality and other defined criteria.

5.2 Environmental

While adhering to environmental legal and regulatory obligations and our commitment towards Net Zero Carbon Emission by 2050, LBGB Group contributes to safeguarding the environment and preserving biodiversity. Our Approach:

(a) Reduce carbon emission by minimising the environmental impact through monitoring and working with all value chain players and conserving the use of energy and other resources in ensuring regulations compliance.

(b) Ensure responsible water management and energy consumption management on water usage and energy consumption.

(c) Ensure responsible waste management by adopting 6-level waste management hierarchy such as prevention, reuse, reduce, recycle, compost and disposal.

(d) Ensure responsible resource management of materials and effluents.

(e) Conserve, enhance local flora species at all sites and promote environmental consciousness in the community.

(f) Enforce rigorous environmental pollution monitoring at all project sites to ensure that effluent, noise, and emission levels comply with the standards prescribed by the Department of Environment.

(g) Comply with the Environmental Impact Assessment and Environmental Management Plan prerequisites to uphold the environment’s safety and quality.

5.3 Workplace

As a responsible developer, LBGB is committed to:

i. Diversity and inclusion in the workplace and strive to provide equal opportunity for all employees, regardless of age, gender, race, religion, disability, or nationality.

ii. Provide a safe, healthy, and harassment-free work environment for all employees and believes that every employee should be treated with dignity, decency, and respect. Our Approach:

(a) Promote diversity and provision of a safe, healthy, and conducive working environment.

(b) Provide fair and market competitive employee remuneration and benefits and introduce performance-based rewards.

(c) Plan and organise training programmes and relevant job skills training to address competency gaps in the workforce.

(d) Respect fundamental human rights and employee rights as enshrined in the respective laws of the country and prevent the use of child or forced labour.

5.4 Community

As a responsible developer, LBGB is committed to building a society that continues to grow and prosper. Our Approach:

(a) Making positive societal impacts in 4 key areas: Health, Education, Environment and Community.

(b) Provide equal opportunities by reducing poverty by addressing education gaps, helping societies attain access to quality and affordable health.

(c) Work progressively with identified communities and business segments for positive impact in all aspects through our philanthropic arm – LBS Foundation.

(d) Continue community initiatives and deliver commitment towards community development through volunteerism programmes, philanthropic activities, and collaborative programmes.

5.5 Governance

Governance represents a fundamental facet of LBGB Group’s sustainability, integrated across every aspect of the company’s functions and processes. It serves as a driver for transparency and accountability, managing risks, ensuring operational and business sustainability, and maintaining the confidence of LBGB Group’s stakeholders. Our Approach:

(a) Committed to good corporate and sustainability governance across all level of LBGB Group’s business operations and consistently demonstrated by its compliance with local laws, industry best practices, and recommended corporate governance practices of Bursa Malaysia and Malaysian Code on Corporate Governance (MCCG) 2021.

(b) Establish and maintain the sustainability policy, framework and governance structure that are robust and aligned to the business and operational agenda of LBGB to guide the management of its EESG material matters.

(c) Ensure the expectations, issues, and concerns of the stakeholders, including the portfolio companies are taken into consideration in the formulation of the Company’s business plans and strategies.

(d) Formulate appropriate sustainability strategies, initiatives, and targets to address any identified EESG gaps.

(e) Uphold the highest standards to corporate governance, business ethics and transparency in all our dealings, taking into consideration of all relevant legislation and regulatory requirements.

6. REVIEW OF THE POLICY

This Policy has been approved by the Board and is available for reference in the LBGB’s corporate website and internal computer networking system. This Policy shall be reviewed by the Board once in every two years and updated whenever necessary to ensure its effective implementation. Any subsequent amendments to the Policy shall be approved by the Board upon recommendation of the Sustainability Committee.

2. OBJECTIVE

The objectives of this Policy are amongst others, to ensure that LBGB Group’s operations are more sustainable and ethically and financially sound by:

a) Complying the laws and regulations in Malaysia;

b) Endorsing highest standards of economic, social, ethical, and environmental practices into the sustainable procurement process;

c) Identifying and moderating risks associated with the procurement practices;

d) Communicating this Policy with internal and external stakeholders and raising awareness among the employees and suppliers; and

e) Prioritising suppliers and/or business partners that are committed to similar cause.

3. SCOPE

This Policy is applicable to LBGB Group’s employees and external stakeholders such as supplier, vendors and business partners. Supplier is the upstream entity from the organisation (i.e. in the organisation’s supply chain), which provides a product or service that is used in the development of the organisation’s products or services such as consultants, contractors, distributors, independent contractors, licensees, manufacturers, primary producers and sub-contractors.

In accordance with LBGB Group’s commitment to the best practice on sustainable procurement, LBGB Group also expects its external stakeholders to aspire to the same standards in their business operations, including but not limited to LBGB Group’s commitments.

LBGB Group favours/prioritises suppliers which observe this Policy or who are in the process of adopting the same.

This Policy makes reference to, and shall be read together with the following policies:

a) Environmental Policy Statement

b) Human Rights Policy

4. COMMITMENTS

In the pursuit of the objectives, LBGB Group undertakes the following:

a) Environmental

i. Compliance and adherence to all the applicable environmental laws and regulations.

ii. Commitment to the reduction of greenhouse gases and other emissions harmful to the environment.

iii. Conservation of non-renewable natural resources.

iv. Initiatives to promote greater environmental responsibility such as:

• • • Responsible waste management and disposal
    • Resources and material management
    • Pollution management
    • Climate change
    • Water security
    • Biodiversity

b) Social

i. Business Ethics:

• • Compliance and adherence to all the applicable laws, regulations, and ethical business practices
  • Prohibition of fraud, bribery and/or corruption
  • Prohibition of money laundering
  • Prevention of conflicts of interest
  • Prevention of data security theft, misuses and/or mismanagement

ii. Labour Standards and Human Rights:

• • Compliance and adherence to all applicable laws and regulations
  • Prohibition of unlawful discrimination and harassment, to provide a safe and inclusive work environment
  • Prohibition of slavery and the use of forced, compulsory and child labour across the supply chain
  • Commitment to comply with the local statutory on minimum wages

c) Governance Committed to good corporate and sustainability governance across all level of LBGB Group’s business operations and is consistently demonstrated by its compliance with local laws, regulations, industry best practices, and recommended corporate governance practices of Bursa Malaysia Securities Berhad and Malaysian Code on Corporate Governance (MCCG) 2021.

5. REVIEW OF THE POLICY

This Policy has been approved by the Board and is available for reference in the LBGB’s corporate website and internal computer networking system.

This Policy shall be reviewed by the Board once in every two years and updated whenever necessary to ensure its effective implementation. Any subsequent amendments to the Policy shall be approved by the Board upon recommendation of the Sustainability Committee.