Sustainability

Sustainability Approach Sustainability Commitment Economic Environment Social Governance Sustainability Reports
Sustainability Approach
Our Vision and Core Values

Vision

Core Values

To always be the premier real estate company in the country. 

Result-oriented

Pioneer (Dare to transform & be different)

Innovative (Mindset, Teams, Iconic Design & Construction Methods)

Excellence (Branding, Design, Quality & Customer Relationship)

Integrity

Astaka’s Sustainability Governance

A sustainability governance structure enhances transparency, accountability, and effectiveness in Astaka’s sustainability journey. Astaka has developed a whole-of-organisation approach and actively involves internal stakeholders in its sustainability agenda.

Astaka’s Sustainability Governance Structure

Roles and Responsibilities

Board of Directors

  • Sets the overall sustainability direction and provides guidance to the SSC
  • Oversees the management of sustainability performance and progress
CFO CEO COO
Sustainability Steering Committee (“SSC”)

SSC is Led by CEO, and:

  • Reviews sustainability-related processes and policies
  • Assesses and manages sustainability matters and performance
  • Reviews sustainability initiatives and practices
  • Reports material sustainability developments and progress to the Board of Directors yearly
Department Representatives
Sustainability Taskforce
  • Develops and implements sustainability initiatives and projects
  • Designs sustainability-related processes and policies
  • Monitors and maintains records of sustainability-related data
  • Prepares annual SR and reports sustainability progress to the SSC yearly
Supply Chain Management

As a socially and environmentally responsible property developer, Astaka endeavours to engage locally-based contractors and suppliers that have a good track record of compliance with local legislations and regulations.

To incorporate best practices into our supply chain management, we encourage our building contractors to conform to international quality, health and safety and environmental management systems’ standards such as ISO 9001, OHSAS 18001 and ISO14001 respectively. Where necessary, the Group’s project team will engage with contractors to promptly resolve matter should breaches with applicable local regulations be identified. The Group further articulates for contractors to take precaution to avoid environmental pollution and social disruption to the local communities.

Environmental

The Contractor shall take adequate precautions to avoid:
  • Noise pollution
  • Soil pollution
  • Water pollution
  • Air pollution
The Contractor shall implement necessary measures for:
  • Waste management
  • Tree protection
  • Mosquito prevention
  • Pest control and prevention
  • Silt trap protection
  • Flood prevention
The Contractor shall conduct Environmental Impact Assessments whenever required.

Social 

The Contractor shall take adequate precautions to avoid:

  • Injuries
  • Property damage
  • Open burning
  • Theft

The Contractor shall implement necessary measures for:

  • Safe and health at site
  • Public security
  • Traffic control
  • Maintenance of public and private road and footpaths
  • Site fire prevention
 
Stakeholder Engagement
Stakeholders are those who are affected by, or can affect Astaka’s business operations, performance and long-term business plans. Astaka firmly believes that engaging all stakeholders and addressing their needs are key to achieving the company’s sustained success. We actively communicate with both internal and external stakeholders through different methods. We engage our stakeholders either immediately or occasionally, depending on whether stakeholders require immediate attention and solutions on their needs and concerns. Responses, comments and feedback from stakeholders are considered in our sustainability strategy, policies and initiatives. Our stakeholder engagement is especially important to our key stakeholders who can significantly impact or be impacted on Astaka. In FY2020, Astaka identified investors, suppliers, employees, local communities and regulators as key stakeholder groups.
Investors are key capital contributors to Astaka. All investors have the right to share feedback and receive timely updates.

Key concerns:
•   Business operations
•   Business strategy and outlook

Engagement frequency:
Immediate

Engagement means:
•   Release of financial results and announcements, press releases and other relevant disclosures through SGXNet and Astaka’s website
•   Annual General Meeting

Our responses:
The Group keeps investors informed on significant developments regarding the business. On top of that, the Group has received numerous accolades including the Prestigious Developer Award People’s Choice Awards, reflecting positive perceived value of and confidence in our projects.
Astaka’s ESG commitments and contractual obligations can only be fulfilled with the support from our suppliers.

Key concerns:
•   Health and safety
•   Business performance

Engagement frequency:
Occasional

Engagement means:
•   Regular meeting with suppliers (e.g. contractors and consultants)

Our responses:
The Group integrates our environmental, social, and governance aspects in our terms of contract which suppliers are required to comply with.
As Astaka’s main engine for success, employees deserve absolute respect and occupational care.

Key concerns:
•   Fair remuneration and opportunities
•   Career development
•   Employee well-being
•   Competency and technical training

Engagement frequency:
Immediate

Engagement means:
•   Training programmes
•   Induction for new employees
•   Team building and staff activities
•   Yearly performance appraisals

Our responses:
The Group stands firm against any forms of discrimination in our organisation. Our Human Resource (“HR”) team is also in the process of developing a yearly training calendar to address targeted needs of our employees.
Astaka strives to create long-term value and minimise negative impacts on the local communities.

Key concerns:
•   Community investments

Engagement frequency:
Immediate

Engagement means:
•   Contributions to support various philanthropic, community and charitable causes

Our responses:
The Group actively strives to give back to the local community. In FY2020, the Group carried out two Corporate Social Responsibility (“CSR”) events and provided RM$0.16m in donations and sponsorships. Further, Astaka and its suppliers conduct Environmental Impact Assessment (“EIA”) in line with local regulations prior to construction phase to assess potential impacts and implement mitigation measures, as necessary.
Regulators set rules and regulations for Astaka and other companies to maintain a fair and just business operating system.

Key concerns:
•   Compliance with mandatory reporting requirements

Engagement frequency:
Immediate

Engagement means:
•   Ongoing communication and consultation
•   Training and updates of latest changes in laws, regulations and accounting reporting standards

Our responses:
Astaka strives to be in compliance with all applicable local laws and regulations in its operations. There were no substantiated cases of incidents in FY2020.
Sustainability Commitment
Alignment with SDGs
In 2015, all United Nations Member States adopted the 2030 Agenda for Sustainable Development. International society aims to address global economic, environmental, social and governance challenges and achieve the 17 Sustainable Development Goals (“SDGs”) by 2030. As a responsible property developer in the business sector, Astaka has a long-term sustainability vision. We support the SDGs and aligns our sustainability initiatives with six SDGs that we have identified as being most relevant to our business.

Good Health and Well-being

As a property developer, Astaka has a strong culture for ensuring the good health and well-being of our employees and contracted workers. We also consider the health and well-being of the local communities.

Gender Equality

Astaka actively promotes gender equality and diversity in the workplace. We believe that gender equality improves the productivity of our employees and helps build up a decent working place.

Decent Work and Economic Growth

Since the inception of Astaka, we provide competitive and merit-based employment opportunities to our talent and aim to promote sustained economic growth in our operating regions.

Decent Work and Economic Growth

Since the inception of Astaka, we provide competitive and merit-based employment opportunities to our talent and aim to promote sustained economic growth in our operating regions.

Industry, Innovation and Infrastructure

Astaka promotes and endeavours to develop quality, reliable, sustainable and resilient residential, commercial, and office buildings.

Industry, Innovation and Infrastructure

Astaka promotes and endeavours to develop quality, reliable, sustainable and resilient residential, commercial, and office buildings.

Sustainable Cities and Communities

With a vision to transform Johor Bahru in Malaysia, Astaka’s projects provide smart and integrated urban solutions, bringing amenities such as hotel, residences, apartments, shopping malls, private hospital and school in a single district.

Responsible Consumption and Production

Throughout its value chain, Astaka makes considerations regarding responsible consumption and production. Astaka only engages contractors who meet our socio-environmental criteria and minimise negative socio-environmental impacts.

Our Sustainability Policy

The Group aspires to become the advocate of sustainable developments. We have dedicated resources in our aim to achieve:

Sustainable performance and operations
Strong relationships with our key stakeholders
Our Sustainability Targets

Material ESG Matter for Reporting

FY2021 Target(s) or Commitment Statements

Economic Performance

We are committed to work closely with our consultants to improve key performance indicators while incorporating sustainable design solutions and technology in all new developments.

Training and Education

Average training hours of 12 hours per employee.

Local communities

2 CSR programmes to be organised.

Energy Management

All future developments of Astaka’s to be Green Building Index certified; and or where this is not possible, to achieve a minimum of three green initiatives per development.

Compliance

  • Zero cases of socio-economic and environmental non-compliance.
  • Develop and adopt a group-wide anti-corruption policy.
Economic

 
Economic Performance

Economic performance is an important aspect for Astaka. We work closely with our consultants to gather knowledge, plan and implement design solutions and invest in technologies that are effective in driving key performance indicator improvements, while striving to achieve positive environmental impacts through more sustainable-centric developments and operations.

We recognise that the way we operate our business has both direct and indirect impacts on various stakeholders. At Astaka, for instance, we empower livelihood through employment, provide opportunities for suppliers and contribute to the communities where we operate.

The Group has dedicated resources to kick start the planned commercial developments (Phase 3) of One Bukit Senyum as well as explore strategic alliances to develop the area which spans across approximately 7.65 acres.

Environment
Energy Management

Astaka firmly believes that climate change is a global challenge and we seek to do our part by investing in effective energy conservation initiatives and technologies. Energy-saving LED lighting are installed at our corporate office, sales galleries, and at the common areas of The Astaka @ One Bukit Senyum. Going forward, the Group aims to roll out more green initiatives for future new developments to further improve our carbon footprint.

Social

 
Our People

Our employees are our greatest asset and one we strongly value as a Group. At Astaka, we are committed to uphold fair employment practices and strive to maintain a consistent percentage of permanent employees hired by the Group yearly.

 
Training and Education 

Recognising that our employees are key attributes to the continuous growth and success of our business, their competencies and professional development are important to the Group. We have taken steps necessary to build a foundation for our employees’ development and to inculcate a growth mindset in order to perform their role and stretch their existing abilities.

Our training framework established this year, comprises a 3-tiered approach designed to cater towards all levels of employees in the Group. A yearly training calendar with a minimum of 12 hours of training programmes or workshops are expected to be organised annually and distributed between department, inter-department and group-wide training segments.

With that, the Group aims to address both specialised as well as general knowledge and skillsets relevant to each department and those required of inter-departments to work harmoniously together to create quality developments. Additionally, with full support from the Group, employees are encouraged to provide recommendations for programmes or topics that may be beneficial as firm-wide trainings. Training programmes may be carried out either by internal Head of Departments (HoDs) or by external accredited consultants.

At Astaka, we are committed to ensuring that our employees receive the training they need to excel at their jobs. Our HR team will maintain training records and track hours for analysis and reporting in the next SR.

 
Local Communities

Astaka is committed to empowering the local communities in our operating regions. We support local communities by addressing their specific needs and participating in local charity programmes. Our donations and sponsorships focus on education, sports events and well-being of the underprivileged. With the goal to transform the communal life and build a brand-new residential experience in Johor, we also ensure that negative environmental and social impacts are avoided or minimised during the transformation.

 

Tunku Laksamana Johor Tunku Abdul Jalil Mosque

Having recognised that a majority of the population in our local communities are Muslim, Astaka built the Tunku Laksamana Johor Tunku Abdul Jalil Mosque voluntarily to support the local communities’ religious activities. The 3-storey modern mosque is located within the compound of the Royal Malaysia Police Johor Contingent Police Headquarters. The construction of the mosque started in 2012 and was completed in 2015. With a maximum capacity of 1,500 worshippers, the new mosque is considered as a significant upgrade from the old one that could only host up to 600 worshippers. Open to the public, the mosque brought convenience and enhanced social gatherings to at least 2,500 people in the local community.

 

Astaka Holdings Ltd. Food Bank Programme 2020

Food security is a pressing issue for many during the COVID-19 pandemic, especially for the underprivileged community members. To support local communities in the villages surrounding the Bukit Pelali @ Pengerang project and One Bukit Senyum project, Astaka organised a food bank programme to distribute food aid on 19 July 2020 and 23 July 2020. We contacted the Head of Village and he helped identify the poor, single mothers, disabled people, and the unemployed as the key beneficiaries. Employees from Astaka visited every targeted household and showed our care. In total, we distributed 1,500 kg rice and 150 bags of food supplies containing cooking oil, condiments, instant noodles etc. to 150 households.

 

Astaka Holdings Ltd. Bowling Tournament

Children engineer the future of our nation and our world. As a socially responsible property developer, Astaka is fully aware of the importance to create a happy living environment for children of all ages and all backgrounds. On 28 September 2019, Astaka held a bowling tournament with children from local orphanages. 10 teams of employees from Astaka and 4 teams of children participated in the games. Through the tournament, we aimed to bring some joy to the children and enrich their weekend life. The awards and cash prizes from the tournament were all donated to the orphanage and used to improve the children’s well-being.

 
Occupational Health and Safety

Safeguarding the health and safety of our employees and other workers at our sites is one of the top priorities of Astaka. We are fully aware of the health implications in our sector. The Group has thus introduced multi-layer measures to protect our people’s well-being.

Firstly, we work towards establishing a safe working environment culture by learning from best practices in existing national and international Occupational Health and Safety (OHS) management systems. Secondly, we require all our contractors to follow the guidelines from the Department of Occupational Safety & Health (DOSH) and comply with the requirements listed in OHS management systems such as OHSAS 18001. During the construction phase, Astaka’s contractors need to publish monthly safety and health reports which cover diverse health and safety aspects such as policies, performance, compliance, and training. Astaka and its consultants frequently review these reports to ensure that the contractors duly inspect the workplace health and safety weekly, take corrective actions against non-compliance immediately, and prepare the workers physically and mentally for work.

At Astaka, we promote employees’ health by organising physically active events such as badminton sessions.

Governance
Compliance

Astaka firmly believes that compliance with laws and regulations is the foundation of our company’s long-term success. By adhering to socio-economic and environmental laws and regulations, we also ensure that our business contribute to Malaysia’s goal of building a clean and prosperous society. At Astaka, we also have zero tolerance towards corruption, fraud, or other unethical conduct. Below are the major laws and regulations that Astaka needs to comply with:

Major Laws and Regulations

Compliance Objectives

Housing Development (Control and Licensing) Act 1996

To ensure Astaka has the license to operate in Malaysia.

Environmental Quality Act 1974

To minimise the environmental impacts from our projects.

Local Government Act 1976

To comply with local regulations.

Fire Services Act 1988

To manage fire risks and hazards effectively.

Solid Waste and Public Cleansing Management Act 2007

To maintain proper sanitation and public cleansing.

Strata Titles Act

To be eligible to sell our properties to interested parties.

Catalist Rules

To comply with the Catalist Rules and safeguard the shareholders’ interests.

Major Laws and Regulations

Compliance Objectives

Housing Development (Control and Licensing) Act 1996

To ensure Astaka has the license to operate in Malaysia.

Environmental Quality Act 1974

To minimise the environmental impacts from our projects.

Local Government Act 1976

To comply with local regulations.

Fire Services Act 1988

To manage fire risks and hazards effectively.

Solid Waste and Public Cleansing Management Act 2007

To maintain proper sanitation and public cleansing.

Strata Titles Act

To be eligible to sell our properties to interested parties.

Catalist Rules

To comply with the Catalist Rules and safeguard the shareholders’ interests.

To effectively fulfil our legal responsibilities, Astaka introduces and adopts a four-dimensional management approach:

Awareness

HR and finance departments are trained, and employees are frequently updated regarding Astaka’s legal responsibilities.


Adherence

Risk management and compliance department ensures that Astaka is compliant with all relevant laws and regulations from different government bodies.


Integration

Astaka’s employees need to abide by internal regulations including the Board Charter, the Code of Governance 2018, and Whistle Blowing Policy which integrates the expectations from the company’s regulators.


Verification

An independent audit firm verifies Astaka’s internal corporate governance system yearly and makes improvement recommendations and plans.


Awareness

HR and finance departments are trained, and employees are frequently updated regarding Astaka’s legal responsibilities.


Adherence

Risk management and compliance department ensures that Astaka is compliant with all relevant laws and regulations from different government bodies.


Integration

Astaka’s employees need to abide by internal regulations including the Board Charter, the Code of Governance 2018, and Whistle Blowing Policy which integrates the expectations from the company’s regulators.


Verification

An independent audit firm verifies Astaka’s internal corporate governance system yearly and makes improvement recommendations and plans.


Sustainability Reports