Category: Sustainability

Governance

Innovation and Technology

Our Approach

Innovation and digital capability support efficiency, traceability and service quality across QL’s value chain. Outdated systems or limited data visibility may constrain performance. Increasing digitalisation also heightens cybersecurity risks. Effective technology management is therefore important to operational effectiveness.

Our Approach

We invest in automation, digital systems, data analytics and cybersecurity to support operational needs. Technology initiatives are aligned with efficiency and performance objectives. Employees receive training to adopt and utilise new systems effectively. These efforts strengthen operational effectiveness and readiness for future requirements.

Enhancing Operational Resilience Through Digitalisation

QL continues to strengthen operational efficiency through digitalisation and automation initiatives, including the implementation of an Enterprise Resource Planning (“ERP”) system to improve integration, data visibility, and business processes.

Within the ILF business pillar, the phased implementation of the Easy Farm System (“EFS”) and Laboratory Information Management System (“LIMS”) have enhanced farm management and laboratory operations. EFS supports real-time monitoring of livestock, feed, and environmental conditions for better planning and resource utilisation, while LIMS improves the accuracy, traceability, and efficiency of laboratory processes, reinforcing product quality assurance and regulatory compliance.

Leveraging Data and Technology for Smarter Operations

QL strengthens its digital capabilities through IoT integration, Big Data and AI, and analytics tools such as Power BI to enhance operational efficiency and decision-making.

The IoT-enabled monitoring systems in ILF business pillar support continuous and automated tracking of key conditions such as temperature, humidity, and air quality, improving animal welfare, enabling early disease detection, and enhancing operational efficiency through real-time insights. In the retail segment, Big Data and AI technologies provide deeper insights into customer preferences and behaviours, supporting product innovation, SKU refinement, and more localised, demand-driven inventory management to improve product availability, reduce waste, and enhance customer experience. Complementing these efforts, Power BI transforms operational data into actionable insights, enabling more effective planning and responsive decision-making while strengthening QL’s digital foundation for future AI-driven initiatives.

Reinforcing Cybersecurity and Data Protection Measures

QL remains committed to strengthening its cybersecurity framework to safeguard personal and sensitive information amid increasing reliance on digital technologies. Recognising cybersecurity as both a regulatory obligation and a critical business priority, QL continues to enhance its cybersecurity posture through initiatives aimed at mitigating cyber risks and fostering a strong culture of security awareness. During the year, QL undertook various cybersecurity strengthening exercises as part of its overall cybersecurity roadmap, enhancing its readiness to address evolving cyber threats and further strengthening organisational resilience against potential cybersecurity incidents.

FY2026 Highlights

Zero substantiated incidents

of data breach

View Our Innovation and Technology Section in the Integrated Annual Report

Explore Our Impact Stories

Rainwater Harvesting

The Group continues to adopt rainwater harvesting as part of its water management practices, with systems in place to support

Renewable Energy

In FY2026, QL continued to make progress in its energy transition by expanding on-site solar installations across eight facilities within

Supply Chain (Social)

Why It Matters

QL operates in close proximity to local communities. Community wellbeing influences operating relationships and the social acceptance of our business activities. Limited engagement may lead to misunderstandings or operational challenges. Positive community relations are important to stable business operations.

Our Approach

At QL, community stewardship is driven by our “Value for All” philosophy. Guided by our Corporate Citizenship and Philanthropy Framework, we deliver flagship programmes that combined short-term initiatives with long-term engagements, strategically aligned with our Group’s business objectives and integrated across our diverse business pillars. We promote employee volunteerism through our community programmes, enabling employees to participate meaningfully in initiatives that support local communities. Our focus remains on creating lasting, measurable impact, strengthening communities while fostering inclusive growth and responsible business practices.

Maintaining Social Accountability in Our Supply Chain

The COBE expects our suppliers and business associates to uphold the commitment to human rights principles and fair labour practices throughout its business activities, in accordance with internationally recognised standards and applicable labour laws. This includes compliance with laws, confidentiality & data protection, safety & quality of products and services, cybersecurity, anti-corruption, child labour, forced labour, working hours and overtime, non-discrimination and equal opportunity, freedom of association and collective bargaining.

Building on our commitment to responsible supply chain management, we continued the implementation of the supplier social accountability self-assessment.

Supporting National Economy Through Local Procurement

Alongside our broader sustainable procurement practices, local sourcing remains a core element of QL’s supply chain strategy, contributing to operational efficiency and positive economic value creation. Where feasible and appropriate, QL prioritises the use of local suppliers and materials to reinforce domestic economic activity while minimising our operational footprint.

As part of our commitment to supporting local economic development, the company tracks the proportion of procurement expenditure directed to local suppliers. For reporting purposes, local procurement refers to the purchase of goods, services, or works from suppliers that transact in Ringgit Malaysia.

In FY2026, more than 50% of QL’s total procurement spend was channelled to local suppliers. However, due to limited domestic availability of certain raw materials, particularly key inputs for animal feed, our ILF operations continue to rely on international sourcing to meet production requirements and ensure supply chain reliability.

View Our Supply Chain (Social) Section in the Integrated Annual Report

Explore More Social Impact Stories

Rainwater Harvesting

The Group continues to adopt rainwater harvesting as part of its water management practices, with systems in place to support non-potable uses across selected operations. As at FY2026, 17.6% of our business units have adopted the rainwater harvesting systems. This includes a newly installed system at QL Poultry Farms Sdn. Bhd. to support farmhouse cooling pad operations. These systems contributed to total rainwater consumption of 13,478.25 m3 during the year, supporting more efficient water management and aligning with the Group’s efforts to use water resources more responsibly.

Tags Environmental Responsibility, Water Security

Renewable Energy

In FY2026, QL continued to make progress in its energy transition by expanding on-site solar installations across eight facilities within the reporting scope. This brought the Group’s total installed solar capacity to 22.86 MWp, representing a 41.7% increase compared to FY2025.

The expanded solar capacity supported higher renewable energy use, with solar energy contributing 11.3% of the Group’s total electricity consumption. Total renewable energy consumption from solar, biomass and biogas amounted to 901,862.84 GJ, enabling the avoidance of 30,029.24 tonnes of GHG emissions equivalent.

Rainwater Harvesting

The Group continues to adopt rainwater harvesting as part of its water management practices, with systems in place to support

Renewable Energy

In FY2026, QL continued to make progress in its energy transition by expanding on-site solar installations across eight facilities within

Tags Climate Change, Environmental Responsibility

Cooking competition during the C Our Future Launching Event

Positive Impact Through Community Engagement and Environmental Responsibility

During FY2026, QL channelled RM900,873 into community initiatives, benefiting approximately 4,670 beneficiaries. Through focused engagement and charitable contributions, we addressed key social and environmental issues while promoting employee involvement as a catalyst for creating shared value and strengthening community and environmental outcomes.

Driving Impact Through Employee Volunteerism

As part of our commitment to embedding sustainability into our organisational culture, QL introduced the QL HEART Employee Volunteering Programme in the first quarter of FY2026. This Group-wide initiative provides a structured platform for employees to contribute meaningfully to social and environmental causes, reinforcing our purpose beyond the workplace.

Through QL HEART, employees participate in volunteering initiatives delivered in collaboration with charitable organisations, as well as internally driven corporate philanthropy programmes. Key activities include support for food banks and soup kitchens, mangrove planting, and environmental clean-up projects—addressing immediate community needs while fostering long-term social and environmental resilience.

To encourage participation and recognise employee contributions, we introduced a Volunteer Time-Off (VTO) benefit, enabling employees to dedicate approved working time to volunteering activities. Participation metrics, including the number of volunteers, total volunteering hours, and VTO utilisation, are systematically tracked to establish benchmarks, set future targets, and drive continuous improvement in employee engagement.

Since the launch of the employee volunteering programme, community service conducted during regular working hours involved six participating employees, contributing a total of 24 community service hours. In addition, participation in volunteer activities outside regular working hours was recorded, with 243 employees contributing 1,116.7 volunteering hours. During the year, 72.5 days or 580 hours of Volunteer Time Off (VTO) were utilised, reflecting increasing employee participation in supporting the communities in which we operate.

Through QL HEART, we continue to strengthen our social impact while nurturing a purpose-driven workforce aligned with our sustainability aspirations.

Championing Lifelong Learning Through

Educational Support Education remains a cornerstone of sustainable progress. In FY2026, QL focused on empowering schools and universities to create meaningful learning opportunities.

Through school fundraisers and sponsorships, we supported operational needs, upgraded educational resources, and enhanced facilities— helping ease financial constraints and foster long-term development. Charity carnivals provided students with hands-on experience in planning and teamwork, cultivating social responsibility. Our sponsorships extended to co-curricular activities such as sports events, uniformed clubs, and competitions, enriching holistic education.

At the tertiary level, we invested in scholarships and academic awards to support high-potential students across relevant disciplines. These initiatives strengthen the talent pipeline for agriculture and food production, aligning with QL’s commitment to excellence and innovation. By supporting future professionals and researchers, we help build capabilities that drive productivity, operational resilience, and long-term sustainability across our businesses.

These efforts underscore our commitment to quality education and lifelong learning, empowering communities, building future capabilities, and supporting a sustainable talent pipeline.

MPM

Strengthening Shared Value with Local Fishermen

The Fishermen Financial Assistance Scheme (FFAS) remains a flagship programme under QL’s Marine Product Manufacturing (MPM) business pillar and has been a cornerstone of our community partnership with local fishermen for over two decades. Grounded in QL’s “Win Win” philosophy, FFAS continues to foster a mutually beneficial relationship that supports both community livelihoods and business sustainability.

Through FFAS, participating fishermen receive access to interest free financial assistance to acquire or upgrade fishing equipment, supporting improved operational efficiency, higher catch quality, and enhanced income stability. This, in turn, enables QL to secure a reliable and sustainable supply of raw materials, supporting the continuity of our MPM operations.

Beyond financial support, the programme has cultivated a long standing partnership characterised by ongoing engagement, trust, and the exchange of knowledge and expertise. Over the years, this collaboration has contributed positively to the professional development of fishermen, improved industry practices, and strengthened the resilience of the local fishing community.

In FY2026, QL continued to demonstrate its commitment to shared prosperity by allocating RM15.67 million under the Fishermen Financial Assistance Scheme, benefiting 754 fishermen. The Group incurred an estimated net financing cost of RM556,003 in support of this initiative. These efforts underscore QL’s commitment to inclusive growth, responsible sourcing, and sustainable community development.

ILF

Empowering Growth, One Egg at a Time

The C Our Future programme is a strategic flagship initiative under our ILF business pillar, launched in 2023. This collaborative effort between QL and Ceva Animal Health Malaysia underscores our commitment to addressing child stunting among preschoolers in low-income and indigenous communities. Based on data cited by the Ministry of Health Malaysia in 2023, 29.7% of children aged 0 to 4 years in Malaysia were affected by stunting. By leveraging QL’s eggs as an affordable, high-quality source of protein and delivering nutritional education to children and caregivers, the programme aims to enhance both physical and cognitive development.

In FY2026, the programme in its third year reached another milestone by delivering 95,940 eggs to 20 Tabikas for 683 children, achieving 29.7% reduction in underweight cases among measured children.

As part of its educational outreach initiatives, the programme hosted the “Eggs-Ploring Protein” community event for a few Project Perumahan Rakyat (PPR) Tabikas in the third quarter of FY26. The highlight was a health talk titled “Mission Egg Possible: A Simple Source of Nutrition for Children,” delivered by a certified dietician from BookDoc. The session attracted 200 parents and children, focusing on practical nutrition tips and the benefits of eggs in daily diets. Interactive games and activities made learning fun and meaningful by raising awareness among the vulnerable community about egg nutrition, identifying protein rich foods, and building balanced meals, empowering families with the knowledge to combat child stunting.

Through these efforts, C Our Future continues to expand its reach and impact, ensuring children receive essential nutrients to support healthy growth and build a strong foundation for lifelong well-being. Given the positive impact delivered, the programme is committed to being scaled in the coming year to support 900 children across 23 kindergartens.

CVS

Creating Social Impact Through Food Redistribution

Building on our continued efforts to reduce food waste and support vulnerable communities, the CVS business pillar entered the third year of its partnership with Kechara Soup Kitchen in FY2026. This collaboration forms part of QL’s broader food salvage initiative, which focuses on redistributing surplus edible food to those in need in accordance with the food waste hierarchy, while addressing food insecurity within the communities we serve.

In conjunction with World Food Day, a Volunteer on the Day event was organised on 1 November 2025, where volunteers supported the distribution of food and essentials items to individuals experiencing hardship along the streets in Kuala Lumpur. The event provided opportunities for employees to contribute directly through on ground participation. For those unable to volunteer in person, we also encouraged participation through the sponsorship of food and items to beneficiaries.

Throughout FY2026, a total of 29,746.76 meals were distributed to underserved communities through the partnership. The initiative not only helped alleviate food insecurity but also prevented surplus edible food from being sent to landfills, contributing to community well being, resource conservation and QL’s broader commitment to responsible consumption and social impact.

Tags Corporate Philanthrophy, Social Responsibility

Sustainability

Sustainability transcends beyond simply reducing consumption as it involves creating and delivering enduring value for QL, communities, and future generations, reflecting the essence of our company name, QL, an abbreviation for Quan Li. In generating sustainable value, we focus not only on reductions but also on optimizing value creation.

QL is committed to creating value for all stakeholders, including investors, employees, suppliers, customers, consumers, and communities. Building on this ethos, we embrace an integrated approach to sustainability, encompassing Environmental, Social, and Governance (ESG) dimensions. ESG principles are integrated into QL’s business strategy planning and operational practices across the Group. Our sustainability governance structure ensures that our sustainability approach is rooted in strategic risk and opportunity management, guided by principles and industry best practices.

Our Sustainability

2026 Sustainability Report

Explore our latest Sustainability Report to find out more about our sustainability approach, material matters and how we are managing our material matters.

Explore Our Impact Stories

Rainwater Harvesting

The Group continues to adopt rainwater harvesting as part of its water management practices, with systems in place to support

Renewable Energy

In FY2026, QL continued to make progress in its energy transition by expanding on-site solar installations across eight facilities within

Sustainability Priorities

QL is committed towards sustainable development with 15 key sustainability matters identified. These sustainability matters will support the Group’s objective achieving sustainable growth with positive impacts to the environment and the society.

Environmental Responsibility

Climate Change

Reducing GHG emissions to contribute towards the global climate agenda

LEARN MORE

Water Security

Safeguarding water is key to ensuring water security for all

LEARN MORE

Pollution and Resources

Increasing efforts in managing use of resources and adopting circular economy principles

LEARN MORE

Biodiversity

Restoring the balance of nature through rehabilitation and regeneration

LEARN MORE

Supply Chain (Environment)

Reducing carbon footprint of our supply chain operations and promoting a sustainable ecosystem

LEARN MORE

Customer Responsibility

Producing high quality, safe and nutritious food that meets consumer demands

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Labour Standards

Promoting fair labour practices to ensure that our employees receive fair treatment and respect at workplace

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Talent Management

Developing a skilled workforce led by progressive leadership team

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Occupational Safety & Health

Building a safe and healthy work culture underpinned by leading health and safety practices

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Community Contributions

Creating positive impacts for communities through corporate philanthropy programmes

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Supply Chain (Social)

Ensuring the protection of workers’ rights, enhancing safety and supporting local vendors

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Anti-Corruption

Embedding good corporate governance to manage ESG risks and opportunities across the Group

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Innovation and Technology

Equipping us to anticipate and adapt to changing market dynamics

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Risk Management

Incorporating risk management into strategic planning and day-to-day operations

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Environmental Responsibility

Climate Change

Why It Matters

QL’s operations are exposed to climate-related physical and transition risks. Changes in weather patterns may affect farm productivity, livestock health, fish availability and production efficiency, while rising energy costs and regulatory developments may influence operating margins. These factors can have direct implications for operational stability and cost management across business pillars. Proactive management of climate-related risks is therefore important in maintaining resilience in an increasingly uncertain operating environment.

Our Approach

Climate change presents a significant challenge across our value chain, from raw material sourcing and production to logistics and product delivery. We recognize our contribution to greenhouse gas emissions as well as the need to adapt to climate impacts. As such, we operationalise our Climate Change Policy by decarbonisations, expanding the use of renewable energy, offering solar energy solutions to more clients, optimising energy efficiency as well as support climate adaptation initiatives i.e. mangrove reforestation and rehabilitation that may co-benefit climate mitigation, climate adaptation as well as disaster risk reduction (DRR).

In support of Paris Agreement’s agenda to limiting global warming to 1.5° Celsius, as well as the Net Zero commitments from countries (Malaysia, Indonesia and Viet Nam) that we operate in, QL has committed to Net Zero as early as 2050.

The Group aspires to reduce 90% of absolute Scope 1 and Scope 2 GHG emissions from our non-FLAG activities, and 72% of absolute Scope 1 and Scope 2 GHG emissions from our FLAG activities; as we make reference to the emission reduction pathway of Science based Targets initiative (SBTi).

The Group has commenced preparation for the IFRS S1 and S2 Standards disclosures. We initiated climate risk assessment on physical as well as transition risks and opportunities, referencing TCFD recommendations, and IFRS S2 Standard.

Governance

Climate-related matters at QL are overseen by the Board of Directors (“the Board”), which provides oversight and strategic guidance on the Group’s sustainability and climate agenda as reflected in the Board’s Charter, supported by EXCO, Sustainability Steering Committee (SSC) and Sustainability Reporting Working Group (SRW).

Strategy

QL took an important step forward by commencing preparation for the IFRS S1 and S2 Standards disclosure. We initiated climate risk assessment on physical as well as transition risks and opportunities, referencing TCFD recommendations, and IFRS S2 Standard.

In alignment with the scope of reporting of this Sustainability Statement:

All business units are exposed to climate-related transition risks
All business units are vulnerable to climate-related physical risks
All business units identified climate-related opportunities

With a clearer understanding of the potential impacts of climate change on its operations and value chain, QL has developed and implemented a range of risk response measures to address the potential impacts of climate-related physical risks across its operations and value chain. These measures are tailored to specific hazards, including flooding, storm-induced flooding, storm winds, landslides, rising temperatures, extreme heat impacts on biological assets, drought, and sea level rise, preparing for transition towards a low-carbon and climate-resilient future.

Collectively, these measures form QL’s operational response to climate-related physical risks and are implemented to reduce potential disruption to operations and maintain continuity across affected sites.

As opportunities arise, QL considers potential in:

Resource Efficiency: The adoption of circular economy principles i.e. composting chicken manure to fertiliser for agricultural use, converting fisheries waste to fishmeal as aquaculture feed
Energy Source: Both Energy Efficiency and Renewable Energy system or appliances where feasible i.e. Solar PV, Solar Battery Energy Storage System (BESS) etc. within prevailing regulatory provisions.
Products & Services and Market: Observing the demand of sustainable products, where relevant sustainability
certifications or green label may enhance market access.

Risk Management

QL continuously reviews the relevance of its transition and physical climate risks by tracking developments in climate science, regulatory changes, and shifts in business strategy. This ongoing process enables QL to proactively manage emerging climate-related risks to reduce potential impacts, while also identifying and capitalising on opportunities in a timely manner.

QL applies an integrated Enterprise Risk Management (ERM)-aligned process to identify, assess, prioritise, and monitor climate-related risks and opportunities. The process of climate scenario analysis combines exposure and vulnerability analysis, geospatial assessment of high-risk assets, as well as policies and market outlook to assess the physical and transition risks under different climate scenarios.

Risks and opportunities are prioritised using a structured risk matrix based on confidence and severity and subsequently quantified through a 1–5 Impact and Likelihood scoring system. Prioritised climate risks are integrated into the ERM framework to ensure comparability with other enterprise risks. Prioritisation also considers QL’s risk appetite, regulatory sensitivity, and strategic relevance, ensuring alignment with overall corporate risk governance.

Risks are monitored on an ongoing basis, with entities responsible for day-to-day management. The risk management reporting structure is as illustrated below. QL continuously monitors emerging climate science, regulatory developments, and business strategy shifts to ensure the relevance of risk assessments.

Commitment to Climate Change

To showcase our dedication to addressing climate change concerns, we introduced a Climate Change Policy in FY2024. The policy outlines QL’s strategy for tackling climate-related matters and integrating climate considerations into our decision-making procedures.

Our Target

Achieve 20% GHG emissions reduction by FY2026 from FY2020 baseline.

FY2026 Performance

Reduce 6.1% GHG emissions intensity from the base year FY2020

FY2026 Highlights

901,862.84 GJ

renewable energy consumed

30,029.04 tCO₂e

of GHG emissions avoided

6.1%

GHG Intensity Reduction

Note: Performance since FY2020

Our Performance

Energy Consumption

Indicator	Unit of Measurement	FY2024	FY2025	FY2026
Total Non-Renewable Energy Consumption	Per Thousand Gigajoule, 000 GJ	1,184.20	1,277.67	1,296.68
Scope 1 (Diesel, Petrol, Natural Gas & Liquified Petroleum Gas)	000 GJ	503.13	547.63	538.66
Scope 2 (Purchased Electricity)	000 GJ	681.07	730.04	758.02
Renewable Source by Type
Solar, Biogas & Biomass	000 GJ	977.51	891.80	901.86
Energy Intensity
Total Energy Consumption	000 GJ	2,161.71	2,169.47	2,198.54
Energy Intensity	GJ/ RM Mil Revenue	484.88	442.39	449.01

GHG Emissions

Indicator	Unit of Measurement	FY2024	FY2025	FY2026
Total GHG Emissions	Per Thousand Tonnes, 000 tCO₂e	153.64	164.85	170.61
Direct GHG Emissions (Scope 1)	000 tCO₂e	36.10	38.63	39.59
Indirect GHG Emissions (Scope 2)	000 tCO₂e	117.54	126.22	131.02
GHG Emissions Intensity	tCO₂e/ RM Mil Revenue	34.46	33.62	34.84
Indirect GHG Emissions (Scope 3)	000 tCO₂e	-	22.30	8.51
GHG Emissions Avoidance
Total GHG Emissions Avoided	000 tCO₂e	25.79	24.03	30.03

View Our Climate Change Section in the Integrated Annual Report

Explore More Environmental Impact Stories

Rainwater Harvesting

The Group continues to adopt rainwater harvesting as part of its water management practices, with systems in place to support

Renewable Energy

In FY2026, QL continued to make progress in its energy transition by expanding on-site solar installations across eight facilities within

QL is committed towards sustainable development with 12 key sustainability matters identified. These sustainability matters will support the Group’s objective achieving sustainable growth with positive impacts to the environment and the society.

Sustainability Priorities

Environmental Responsibility

Climate Change & Emissions

Reducing GHG emissions to contribute towards the global climate agenda

LEARN MORE

Water Security

Safeguarding water is key to ensuring water security for all

LEARN MORE

Waste Management

Increasing efforts in managing use of resources and adopting circular economy principles

LEARN MORE

Biodiversity

Restoring the balance of nature through rehabilitation and regeneration

LEARN MORE

Social Responsibility

Growing Our Business

Pursuing sustainable growth through strategic investment decisions

LEARN MORE

Food Quality, Safety & Nutrition

Producing high quality, safe and nutritious food that meets consumer demands

LEARN MORE

Biosecurity

Practicing rigorous biosecurity management measures to ensure healthy and safe poultry

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Fair Labour Practices

Promoting fair labour practices to ensure that our employees receive fair treatment and respect at workplace

LEARN MORE

Talent Management

Developing a skilled workforce led by progressive leadership team

LEARN MORE

Occupational Safety & Health

Building a safe and healthy work culture underpinned by leading health and safety practices

LEARN MORE

Commitment to Our Communities

Creating positive impacts for communities through corporate philanthropy programmes

LEARN MORE

Governance

Upholding Business Integrity

Embedding good corporate governance to manage ESG risks and opportunities across the Group

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Our Value Creation Strategy

Sustainability has always been an integral part of QL’s business operations. In our efforts to create shared value for all, we are cognizant of our role, responsibility and duty to conduct business ethically and uphold good corporate governance, operate in a socially and environmentally responsible manner and adhere to sustainable practices.

Our Value Creation Model

Sustainability Governance

Sustainability governance at QL is anchored by the Board of Directors (“the Board”), which holds ultimate accountability for overseeing the Group’s sustainability and climate-related risks and opportunities. Supported by the Executive Committee (EXCO), the Board reviews and guides QL’s material sustainability strategies, priorities, targets and performance, ensuring that sustainability considerations are integrated into strategic decision-making. The Board also provides oversight of related risks and opportunities and ensures that relevant sustainability information is effectively communicated to internal and external stakeholders.

The Board is supported by the Sustainability Steering Committee (SSC), chaired by the Group Chief Executive Officer (CEO) and comprising Heads of Business Units and Business Functions (HOBU). The SSC is further assisted by the Sustainability Reporting Working Group (SRW), which guides, monitors and consolidates sustainability and climate-related performance across business units. Business units are accountable for implementing sustainability and climate-related initiatives within their respective operations, in alignment with the Group’s overarching policies, frameworks and strategic priorities.

To ensure the Board has the necessary expertise, the Nominating Committee conducts an annual evaluation of its own performance, the Committees, and individual Directors to ensure effective governance, including oversight of sustainability and climate-related matters. As of March 2026, all Directors have completed and attended relevant training to support their roles.

In order to enable realistic implementation of commitment on sustainability and climate change matters, the ESG key performance indicator (KPI) targets, specifically greenhouse gas (GHG) emissions targets and Lost Time Injury Frequency Rate (LTIFR) reduction targets, are linked to executive directors’ and senior management remuneration.

Materiality Assessment

In FY2024, QL conducted a comprehensive double materiality assessment, which identified 15 Material Matters that are critical to the Group’s long-term sustainability and value creation, as outlined below:

These matters reflect both QL’s most significant impacts on the economy, environment and society, as well as ESG factors that may influence stakeholder decision-making and the Group’s financial performance.

The Materiality Assessment adopted the following phased approaches:

Identification of Material Matters
Practical Consideration of Materiality Perspectives: Impact Materiality and Financial Materiality
Stakeholder Engagement and Survey
Analysis and Creation of Materiality Matrix
Validation and Endorsement

While a full materiality assessment is undertaken once every three years, QL performs an annual interim review to ensure continued alignment with evolving internal priorities and external developments. In FY2026, a high-level review of the Material Matters and materiality matrix was conducted, supported by desktop research on emerging trends, regulatory developments and stakeholder expectations. This process enabled QL to monitor shifts in stakeholder concerns and validate the continued relevance of its sustainability focus areas. Consistent with prior years, the review affirmed that the identified material matters remain relevant.

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Our Sustainability Priorities

Sustainability Impacts

Our Sustainability Reports

Governance

Innovation and Technology

Zero substantiated incidents

Social Responsibility

Supply Chain (Social)

Rainwater Harvesting

Renewable Energy

Positive Impact Through Community Engagement and Environmental Responsibility

MPM

ILF

CVS

Sustainability

Our Sustainability

2026 Sustainability Report

Explore Our Impact Stories

Sustainability Priorities

Environmental Responsibility

Climate Change

Water Security

Pollution and Resources

Biodiversity

Supply Chain (Environment)

Customer Responsibility

Labour Standards

Talent Management

Occupational Safety & Health

Community Contributions

Supply Chain (Social)

Anti-Corruption

Innovation and Technology

Risk Management

Environmental Responsibility

Climate Change

901,862.84 GJ

30,029.04 tCO2e

6.1%

Sustainability Priorities

Environmental Responsibility

Climate Change & Emissions

Water Security

Waste Management

Biodiversity

Social Responsibility

Growing Our Business

Food Quality, Safety & Nutrition

Biosecurity

Fair Labour Practices

Talent Management

Occupational Safety & Health

Commitment to Our Communities

Governance

Upholding Business Integrity

Our Value Creation Strategy

Our Value Creation Model

Sustainability Governance

Materiality Assessment

Acknowledgement of Whistleblowing Report

30,029.04 tCO₂e