We recognise the importance of corporate governance and advocate high standards of accountability to all stakeholders, both internal and external. To enhance corporate transparency and maintain an ethical environment within, Jawala is committed to sustaining a high standard of corporate governance by implementing good practices recommended by Code of Corporate Governance 2018 (the “Code 2018”). The decision-making process of our company is strictly in line with all applicable legal and regulatory requirements as well as in adherence to the requirements set out in SFMLA.

Compliance with Laws & Regulation

The following are the key laws and regulations that we comply with for our business operations.

• Companies Act
• Listing Rules of SGX – Catalist Rules
• Forest Enactment 1968
• Malaysian Anti-Corruption Commission (“MACC”)
• Employment Act – Sabah Labour Ordinance
• SFMLA Requirements
• Occupational Safety and Health Act 1994
• Wildlife Conservation Enactment 1997
• Personal Data Protection Act (“PDPA”)

Ethics & Integrity

Jawala sets high standards and expectations for our employees to act ethically, professionally and with integrity at all times when dealing with stakeholders.

We are committed to following the highest ethical standards of business practice and have formalised the Group’s Professional Business Code of Ethics. This guide ensures that the business conduct of all our employees is aligned with the nature of our values, principles and business practice, and is conducted in a manner which avoids any conflict of interest and/or allegation of bribery or compromise.

Anti-Corruption & Anti-Fraud

Section 17A of the Malaysian Anti-Corruption Commission Act 2009 (“MACC Act 2009”) places the obligation on a commercial organisation to have adequate procedures in place to prevent persons associated with it from committing corrupt acts as defined under the MACC Act 2009.

Jawala adopts zero tolerance approach towards all forms of bribery and corruption. We promote the value of good governance and integrity in carrying out our business activities. Our Anti-Bribery & Anti-Corruption (“ABAC”) Policy and Guidelines is available here.

Our Whistleblowing Policy aims to provide a structured mechanism for employees and others to raise or report concerns about ongoing or suspected wrongful activities or wrongdoings to provide reassurance that they will be protected from reprisals or victimisation for whistleblowing in good faith. Our Whistleblowing Policy and Guidelines is available here.

Enterprise Risk Management

Jawala acknowledges the importance of risk management and has implemented an Enterprise Risk Management (“ERM”) system. A formal ERM framework has been established to facilitate risk assessment and the identification of risk actions. Independent risk reassessment and the update of risk profiles and risk registers are conducted annually.

Sustainability Governance & TCFD Reporting

We believe that a strong governance structure and clear accountability are vital to fulfilling our commitment to sustainability.

Our Board holds ultimate responsibility for ensuring sustainable value is delivered to stakeholders through our principles, policies, objectives, and strategies. It is primarily responsible for overseeing our company’s sustainability efforts and performance, and is supported by a dedicated team of senior management and key executives. This team is tasked with initiating, driving, and monitoring various sustainability initiatives, ensuring that ESG considerations are effectively integrated into the business operations and corporate objectives.

In response to the growing global focus on climate change, we’ve conducted a thorough climate risk assessment and have aligned our climate risk register with our Enterprise Risk Process (ERP). This is in line with the recommendations of the Task Force on Climate related Financial Disclosures (TCFD).

Additionally, we’ve updated our materiality assessment to incorporate the guidance of the Sustainability Accounting Standards Board (SASB) and the Global Reporting Initiative (GRI). The GRI is an independent, international organisation that helps businesses and organisations take responsibility for their impact by providing a common language to communicate those impacts. We’ve chosen to adopt the GRI Standards because they allow us to report our sustainability efforts in a clear and structured way — covering everything from governance and policies to performance and future goals. We believe this will help us better meet the needs of our stakeholders, especially in relation to the significant economic, environmental, and social impacts of our work.

With these updates, our material topics are now more aligned with globally recognised standards. We remain committed to improving the sustainability of our operations, making a positive impact on society, and protecting the environment. Moving forward, we’ll continue refining our emissions reporting and integrating sustainability into our business strategy, ensuring we stay aligned with TCFD recommendations.