LBS is committed to adhere to all standards of upright business conduct – through integrity, transparency with a constant and growing progression towards excellence in every area of business conduct, striving towards United Nations Sustainable Development Goals.

To LBS, Sustainability means meeting current business needs in a way that allows future generations to carry on. This involve natural, social and economic resources.

Our founder and former Chairman, the late Dato’ Seri Lim Bock Seng believed in giving back to the community and this sets the foundation towards building a more sustainable legacy for the business as well as the communities we operate in. The sustainability efforts that we undertake is applied to the way we work, the partnerships we undertake and to ensure that our decision making will positively impact the following three spheres:

We believe that sustainable efforts need to begin with us and in the way we work. At LBS, we committed to do the right thing with the principles of Accountability, Equality, Integrity and Transparency. As digitalisation and automation becomes mainstream, we progressively explore in areas where our work processes are feasible to drive greater efficiency, as well as to greatly reduce the environmental impact. We also recognise our employees as the most valuable asset and play a vital role in contributing towards our business success. Thus, we support continuous training and upskilling of our employees, and grow them which leads to the employee’s career development within the company while enhancing social connectedness and sense of belonging in LBS.

As we take on the greater consciousness of Sustainability, we extend this conviction and effort into the business arena that we are in. It will evolve how we work with our business partners or develop new business partners. It will also impact how we communicate with our customers and the rest of our stakeholders. Ultimately, we aim to realise greater value and economic viability to our stakeholders by adopting the principles of responsible development and to have a positive impact to our nation.

At LBS, we believe that when we progress with greater sustainable efforts within the Work and Market Spheres, it will have a positive impact on the Public Sphere, where the public will be recipients of a better, more sustainable environment. We aim to create greater economic opportunities while reducing carbon footprint and preserve the environment to ensure a greener tomorrow for our future generations. Apart from that, we strive to provide aid and enhance communities through our philanthropic arm – LBS Foundation. As we progress on our sustainability journey, LBS will continue to identify areas where we create a lasting positive impact into all aspects of the business and the communities we serve.

“Sustainability is
every small step
we take today towards
a greener tomorrow.”

Sustainability Report

TAKING EACH STEPS
TOWARDS SUSTAINABLE
DEVELOPMENT GOALS

No Poverty

No Poverty

Zero Hunger

Zero Hunger

Good Health and Well-Being

Good Health and Well-Being

Quality Education

Quality Education

Gender Equality

Gender Equality

Clean Water and Sanitation

Clean Water and Sanitation

Affordable and Clean Energy

Affordable and Clean Energy

Decent Work and Economic Growth

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Industry, Innovation and Infrastructure

Reduced Inequalities

Reduced Inequalities

Sustainable Cities and Communities

Sustainable Cities and Communities

Responsible Consumption and Production

Responsible Consumption and Production

Climate Action

Climate Action

Life Below Water

Life Below Water

Life On Land

Life On Land

Peace, Justice and Strong Institutions

Peace, Justice and Strong Institutions

Partnerships For The Goals

Partnerships For The Goals

Sustainable Development Goals

Sustainable Development Goals

EVERY STEPS ADDS UP

Reforested
≈ 150 acres land
with 31,649 trees

Created ≈ 1,000 jobs,
and provided
> 1,140 hours of training
in 2020

Reduced paper usage
≈ 107,000 sheets since
digitalisation in 2020

Contributed
RM1.26 million
towards COVID-19
relief efforts