The Yoma Group’s sustainability strategy is centred on building capacity and giving back to the communities in which it operates. The Yoma Group is committed to creating long-term economic value and growth for its stakeholders. This is achieved through the management of its operations and projects in a way that ensures commercial viability without compromising the environment in the longer term. The Yoma Group’s role in shaping the long-term viability of its strategy includes providing guidance on matters relating to stakeholders and incorporating sustainable practices into its business operations. The Yoma Group’s sustainability strategy targets the 3Ps — People, Planet and Profit.
The United Nations (“UN”) Global Compact was initiated in 2000 by Secretary-General Kofi Annan to promote global corporate responsibility with 10 guiding principles. FMI has acceded to the UN Global Compact since November 2012 and is committed to running the company based on its framework of sustainable, transparent and responsible business practices. The Company is also communicating transparently on its responsible business activities in accordance with the 10 principles relating to human rights, labour rights, environment and anti-corruption. This is a significant change from the traditional ‘CSR’ communication of FMI featuring photographs of philanthropy.
FMI recognises the value of aligning with the international standards for responsible business and the 10 Principles of the UN Global Compact. It believes and subscribes to continually improve the integration of the UN Global Compact and its principles into business strategy, culture and daily operations.