At the core of First Myanmar Investment Public Company Limited, Sustainability Strategy is one of the vehicles we use to help us achieve our mission, which it to “Build a Better Myanmar for Its People.” We strive to create long-term value through our Vision:
We create sustainable investment opportunities by leading with integrity and robust business practices.
We serve our customers by being their trusted partner to deliver the best products and services for their needs.
We invest in our people to build careers around a shared culture of fairness, diversity, empowerment and recognition.
Our mission and targets are aligned closely to the Myanmar Sustainable Development Plan recently published in August 2018, enabling us to create greater value for our stakeholders. Our focus on the highest standards of governance, ethics, sustainability and responsibility also reflect our commitment as one of Myanmar’s leading companies in the industry.
Within the context of our Sustainability Framework, FMI Head Office provides leadership and capital to support the operating companies in their respective areas of service delivery and operational expertise. We monitor and evaluate the sustainability performance of our operating companies in six key areas –Anti-corruption, Legal Compliance, Environment, Employee Training and Development, Diversity and Local Communities – intended to encompass and incorporate the significant Environmental, Social, Governance (ESG) impacts of their operations.
Each of FMI’s major investees is actively enhancing their capacity to serve the public. Beyond mere compliance with minimum service standards, our management focuses on improving their own governance, service excellence, and social responsibility through innovation. Our investees report ESG performance separately.
Serving millions of customers every year, from unborn babies to the elderly and from city dwellers to rural farmers, as a Group, we are committed to be a local brand that caters to various social strata of Myanmar.
Together with our suppliers, we commit ourselves to offer premium and quality-assured products and services through responsible and ethical practices that serve the needs of our customers.
We ensure that our invesstors’ values are aligned with the entire supply chain – focusing on market opportunities, innovation, sustainability, and corporate social responsibility.
Our core competencies lie in the four business sectors we operate in. While striving to be a diversified blue-chip conglomerate in Myanmar, we are fully committed to running our businesses efficiently and investing in new start-ups to encourage entrepreneurship and good business practices in the market.
We look for long-term sustainability in every partnership we embark on, both with local and multinational partners. In every business we enter, we exercise due diligence to assess whether our prospective partners’ way of doing business is compatible with our philosophy.
While striving to achieve a diverse and inclusive workforce that broadens our collective skills and perspectives, we invest in our people to build careers around a shared culture of fairness, diversity, empowerment, and recognition.
Regulators & Financial Institutions
We strive to adhere to the Group’s zero tolerance approach to corruption, bribery and fraud, while committing to comply with rules and regulations in all jurisdictions we operate in.
To be a responsible corporate citizen is in the DNA of our Group. We are committed to building capacity and giving back to the communities in various aspects, both financially and non-financially in which we operate.
ESG Materiality, Targets & Policies
|Anti-Corruption||Reported and action taken.|
|Legal Compliance||Reported and action taken.|
|Environment||Through the Less Single Use Plastic Campaign, the Group has replaced plastics water bottles with glass jars and cups in the offices, used paper straws and provided reusable stainless-steel water bottles to employees.|
|Employee skills, |
training and development
|The Group is consistently providing a range of development programmes on an ongoing basis.|
|Diversity||Through “Generation Equality: Action Against Harassment at Work” campaign, more than 50% of managers from the company has participated the training on anti-harassment on 10th Dec 2019.|
Our Sustainability Manager
The Yoma Group has designated Daw Po Po Minn as its Sustainability Manager to create strategy and outline approach to ensure the Company’s business goals and value chain are aligned with its sustainability goals. As a sustainability manager, she is mainly responsible to communicate groupwide sustainability initiatives to internal and external stakeholders, and to educate and inform them practices the Group’s businesses shall adopt to alleviate negative impact the Group may have on the environment it operates in. While being responsible to ensure adherence to relevant laws and regulations, she also keeps track of the Group’s Sustainability KPIs, provides training on sustainability topics, and ensures that the Group sets and meets its environmental goals, with an emphasis on the proper use of available resources and sustain these resources for future generations.