Five of the Sustainable Development Goals (SDGs) adopted in reference to practising sensible economics are:
Ensure equal rights to economic resources, access to basic services, natural resources, technology and financial services and allow significant mobilisation of resources through enhanced cooperation.
Ensure access to safe, nutritious and sufficient food all year round and implement sustainable and resilient agricultural practices in achieving food security and improved nutrition.
Create decent work and economic growth to encourage policies that support productive activities, decent job creation, entrepreneurship, creativity and innovation.
Develop sustainable and resilient infrastructure to promote economic development and human well-being and retrofit industries to make them sustainable with increased resource-use efficiency.
Provide access to safe, affordable, accessible and sustainable transport systems for all while reducing environmental impact arising from improved connectivity.
Our business practices and strategies are in line with the relevant Sustainable Development Goals.
Generating Sustainable Returns
We continue to generate financial and economic returns from our diversified business activities while creating value for our stakeholders. In ensuring sustainability of our business, we retain a portion of the value we create by reinvesting in our business while redistributing the remaining for our operating expenses, employee wages, capital providers, community investments and to the Government. Our ability to generate returns for our stakeholders is a testament to our commitment for sustainable growth.
Upholding Integrity in Procurement
We are committed to uphold the principle of integrity, accountability and fairness in our procurement activities. Our Procurement Policies, Procedures and Guidelines (also known as the 3Ps), Vendor Code of Ethics and Code of Ethics and Conduct complements our commitment towards ethical business practices.
In 2019, we have achieved the ISO 37001:2016 certification for Anti-Bribery Management System (ABMS) which is currently being used for our procurement processes. The certification is further testament to our commitment in ensuring that the organisation is upholding integrity in daily business activities.
Our Airports 4.0 initiative will create a digitalised airport environment with the use of big data analytics (BDA), Internet of Things (IoT) and business intelligence to transform the journey of our guests through the airport. Airports 4.0 will ultimately harness advanced technologies, allowing us to stay competitive in the industry by driving operational efficiencies, unlocking new revenue streams and creating seamless travel experiences for our guests.
We recognise the need to improve our cybersecurity measures and develop resilience against any operational risks to our information technology (IT) infrastructure. We have launched our Cybersecurity Acceleration Programme (CSAP) to improve the capabilities in our people, our processes and our technology in preventing and managing cybersecurity risks and breaches.
*This section must be read in tandem with the information provided in our Sustainability Report 2018