SUSTAINABLE PROCUREMENT

Genting Malaysia is committed to driving sustainability by prioritizing local sourcing, promotes diversity and ensures that environmental, social & governance responsibility are embedded throughout procurement operations.

Focus Area #1: Reduce Social and Environmental Impact

(We prioritize responsible sourcing and integrating circularity principles into our supply chain to minimize waste, reduce environmental impact and promote resource use)

We are committed to identifying sustainable sources for our key material categories, including food and beverages, hotel amenities, and other disposables without compromising the quality of goods and services procured. In addition, we consistently prioritise local contractors and vendors, fostering business opportunities and supporting the development of local talent by allocating more than 90% of our procurement expenditure to local sources to support the local supply chain and reduce our carbon footprint.)

Focus Area #2: Advocate and Drive Supply Chain

(Incorporate sustainability considerations into our supply chain system to drive supply chain Corporate Social Responsibility (“CSR”) initiatives and uphold Supplier Code of Conduct)

We incorporate sustainability considerations in our award decisions and influence our supply chain towards sustainable business practices via stakeholder engagements and sourcing of sustainable materials. Our suppliers have to agree with our Supplier Code of Conduct upon registration and comply with our Supplier Code of Conduct as part of our Purchase Orders (PO) Standard Terms and Conditions. The Code of Conduct sets out our expectations for Ethical Business Practice, Labour and Human Rights, Health and Safety and Environmental Responsibility.

Focus Area #3: Enhance Compliance and Corporate Governance through Sustainable Procurement

(Leveraging on procurement system to support sustainable, fair and transparent business practices with full compliance and audit trail )

As part of our commitment to sustainable procurement , we emphasize the importance of strengthening compliance and corporate governance across all procurement activities. One of the key focus area is the adoption of a centralized procurement system to manage tender and procurement processes. By using a digital platform, we are able to ensure transparency and fairness in supplier selection, maintain a clear audit trail for every transaction and decision made, reduce manual interventions and minimize risks related to fraud or favouritism, and standardize documentation and approval workflows across departments.