Boustead Plantations Berhad | Integrated Report 2023

LABOUR PRACTICES AND STANDARDS Why it matters Our efforts towards responsible labour practices and standards ensure fair and ethical treatment of workers, enhancing our corporate image and maintaining our social license to operate. Upholding these standards also helps mitigate legal risks, boost employee morale, and promote long-term sustainability in the communities where we operate. BPlant’s Approach To ensure compliance and accountability, we conduct annual internal audits on RSPO and MSPO standards, including the management of foreign labour. Our employees also have the opportunity to join recognised labour unions such as All Malayan Estates Staff Union (AMESU) and National Union of Plantation Workers (NUPW) which empowers them to advocate for their rights. We further offer accommodation to all employees in accordance with the Employees’ Minimum Standards of Housing, Accommodations and Amenities Act 1990. This includes providing them with free utilities such as electricity and water up to a certain capacity, with provisions for excess usage. All our workers also receive compensation in line with the Minimum Wages Order 2022 and to promote work-life balance, maternity and paternity leave policies are in place to support them as well. Measures to eliminate child and forced labour To prevent child and forced labour among our foreign labours, especially newly hired Indonesian foreign labours, we will first ensure that all identification information is accurate and that no children aged 18 years and below are employed. Following this, we conduct Communication Pack Briefings with our employees, providing comprehensive explanations of the Employment Contract and referencing the Employment Act 1955 in their language to ensure they understand their working rights. After which, we will then educate them on the 11 indicators of forced labour. We ensure that our workers receive compensation in line with minimum wages standards and that they are not compelled to work overtime or during public holidays against their will. Caring for Our People Retention of Talent To enhance talent retention, our organisation prioritises development and growth opportunities through the implementation of the Learning and Development Policy Human Resource 2022. We conduct regular Training Needs Analyses to identify skill gaps and tailor training programmes accordingly, as outlined in the Master Plan BPlant training calendar. Performance-based rewards further incentivise employees, promoting a culture of excellence and achievement. Our employee engagement initiative thus fosters a sense of belonging and involvement, while the Annual Key Happiness Index Survey provides valuable insights into employee satisfaction in informing ongoing retention strategies. Employee Benefits At BPlant, we provide various benefits to attract and retain top talent. Life Insurance Health Insurance Disability and invalidity coverage (SOCSO) Paternity/Maternity leave Attractive Retirement Provision Perception by employer (EPF) Attractive Number of Annual Leave The Group has implemented a structured performance review process that considers an employee’s performance, capabilities and potential. The process enables the identification of competency gaps, acknowledgment of performance and the mapping of future career paths. The briefings were carried out in the country of origin and upon arrival. Apart from that, BPlant also conducted post-surveys for new workers on zero recruitment fees. Following any findings of breaches by a recruitment agent, BPlant will blacklist the recruitment agent and Company will ensure compensation is provided to the affected workers. Boustead Plantations Berhad 168

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