WHO'S THE MOST CHARITABLE?
How PPB Group Berhad Gives Back To Society?
PPB Group Berhad
PPB Group Berhad was incorporated in 1968 and headquartered in Kuala Lumpur. The Group is an investment holding and property investment company listed on the Main Market of Bursa Malaysia Securities Berhad, the Malaysian stock exchange. PPB adopted its Group Sustainability Policy in 2018, alongside the implementation of a 5-year Sustainability Roadmap (2022 to 2026).
Our sustainability approach encompasses three goals on maintaining strong governance, taking care of people, and protecting the environment. These goals address eight priority issues that will continue to drive PPB’s sustainability performance throughout our business.
Fiscal Year-End: 31 December 2023
PPB Group reported a drop in their net profit from RM2.19 billion in FY2022 to RM1.39 billion in FY2023.
The year on year net profit growth at PPB Group decreased by 36.73%
The Group’s dividend payout for the FY2023 is RM597 million or 42 sen per share.
The Group did not specify the total amount of contribution made towards Zakat during FY2023.
Total cash contributions made by PPB during FY2023, was RM2.40 million. This contribution was made through community investment benefiting over 16,000 people.
Total in-kind contributions are not defined due to incomplete data. However, contributions are still accounted for under the RM2.41 million contribution made through community investment.
PPB Group Berhad reported a total employee volunteer hours of 500 in their FY2023.
PPB Group Berhad:
Cash, In-Kind and Employee Volunteer Hours
| No. | Contribution | Based on Previous Yr | Cash Giving | In-kind Giving | Employee Volunteer Hours | Beneficiaries | |||
|---|---|---|---|---|---|---|---|---|---|
| 1 | Food Aid | N/A | 2,000 meals | N/A | 7,143 recipients | In 2023, the Group provided food aid to 7,143 recipients and distributed 2,000 hot meals. As a player in the food sector, we firmly believe that everyone deserves access to healthy and affordable food. We collaborated with various organisations around Malaysia such as Muhibbah Foodbank Malaysia Society, Perak Women for Women, Persatuan Keluarga Harapan Kluang Johor, Food Aid Foundation, Kechara Soup Kitchen and families under the B40 group. Food aid contribution usually consists of non-perishable items, including canned food, cooking oil, flour and rice | |||
| 2 | Livelihoods |  | N/A | Upskilling programme worth RM0.54M | N/A | 192 individuals | PPB contributes towards upskilling projects for the underserved communities via monetary and in-kind donations. These projects focus on developing skills such as entrepreneuship, or other skills which help increase the individuals’ employability. In this reporting year, the Group worked with reputable NGOs to organise outreach programmes in the areas of baking, sewing, culinary, traditional dyeing and chicken farming. PPB Group’s flagship project, Baking for a Better Future, was launched in 2019 and empowers marginalised groups through developing their baking skills. The Group supports reputable NGOs in the six baking initiatives that revolve around a key ingredient – flour.PPB supports the establishment of these baking studios and continuously provides in-kind and financial support based on the needs of the partners and participants. Since its inception, the Baking for a Future project has reached various groups, including Bake X Dignity with 98 participants, Supermum with 46 single mothers, Stand Pie Me with 12 special needs adults, EZY Baking Workshop with 20 individuals, Bupreneur Academy with 100 mothers, and The PWW Baking Studio with 8 women. | Increase | |
| 3 | Empowering the indigenous community | N/A | 4 sets of sanitation facilities 43 units of 600-gallon water tank | N/A | 32 families | Through our continuous involvement, PPB has identified the most pressing needs of these communities, namely – stable supply of clean water and electricity, sanitation facilities and proper shelter. These are the main focuses of the Group’s efforts, whereby PPB purchases all the required materials for the communities to build infrastructure best suited to their needs. We have supported indigenous communities in Pahang in building wells, sanitation facilities, and shelter for the villagers and families. The project provides a set of sanitation facilities that includes one toilet, one bathroom, and one wash basin with a mirror. In total, 4 sets of sanitation facilities were installed, along with 43 units of 600-gallon water tanks, benefiting 3 villages and 32 families. | |||
| 4 | Loving Autism Campaign | N/A | Complimentary movie screenings | N/A | 630 students | GSC has been working with the National Autism Society of Malaysia and The Hope Project since 2018 and 2021 respectively, to create awareness on autism amongst Malaysians through a series of bi-monthly workshops. In addition, GSC launched Malaysia’s first sensory-friendly cinemas at GSC Kuantan City Mall, GSC Ipoh Mall Falim, GSC Southkey JB and GSC 3 Damansara. These cinemas offer a safe space for special needs children to enjoy movies every second Sunday of the month, where lights are dimmed, volume is reduced and parents can bring their own snacks in. Complimentary movie screenings were given to 630 students from special needs government schools. | |||
| 5 | PPB-KF Welfare Fund for Perlis |  | RM0.31M | N/A | N/A | 15 schools 1725 students | The PPB-KF Welfare Fund for Perlis is a RM10 million endowment fund established in 2010 to support the underprivileged population in Perlis. In 2023, the fund spent RM318,864 to assist 1,725 students across 10 primary schools and 5 secondary schools, providing them with essential items such as books, stationery, and school wear. | Decrease | Decrease |
| 6 | PPB50 Fund | | RM0.76M | N/A | N/A | 76 schools 3882 students | The PPB50 Fund is a RM20 million endowment fund established in 2019 to commemorate PPB’s 50th anniversary. In 2023, the fund spent RM796,153 to support 76 primary and secondary schools across Kedah, Kelantan, Terengganu, Pahang, Perak, and Melaka, benefiting 3,882 students with daily meals, stationery, spectacles, or school wear. Additionally, the fund supported an alternative after-school programme in Johor and established a learning centre in Terengganu. | Decrease | Decrease |
| 7 | Collaboration with PWD Smart Farmability Sdn Bhd | | N/A | 11 satelite farms | N/A | 10 schools | PPB collaborated with a social enterprise, PWD Smart Farmability Sdn Bhd in an educational urban farming project known as My Carbon Farm School-cum-Home Programme. Through this programme, PPB sponsored 10 satellite farms to 10 schools for students with learning disabilities. A satellite farm consists of six growing towers of regenerative organic vegetables and a canvas pond housed in the centre which keeps up to 100 tilapia fish. The goals of the project are three-fold. Firstly, the satellite farm is maintained by teachers and students to educate students on farming. Secondly, the programme supports the students in understanding food security and ensuring food accessibility to people of all economic backgrounds while adopting a healthy and nutritious diet. Lastly, the programme aims to help students increase confidence, competitiveness and independence in the society | Increase | Increase |
| 8 | Stream restoration project in Taman Tugu | N/A | 1,001 trees tagged for preservation | N/A | Environment | Since 2022, PPB has partnered with the Global Environment Centre (“GEC”) for a stream restoration project in Taman Tugu, a secondary urban forest park in Kuala Lumpur. Taman Tugu is accessible as a public recreational park that spans over 66 acres, with 230 indigenous Malaysian rainforest tree species. More than 1,000 trees have been tagged for preservation. The park is often used as an open classroom to promote environmental conservation among the urban communities. | |||
| 9 | Partnership with Pertubuhan Pelindung Alam Malaysia | N/A | 56 camera traps, 2,000 meals | N/A | 2,000 rangers | In 2023, PPB and FFM partnered with Pertubuhan Pelindung Alam Malaysia, an NGO focusing on tiger conservation within the Titiwangsa range in Peninsular Malaysia, by contributing 56 camera traps and 2,000 ready-to-eat meals for the rangers while conducting patrols and surveillance on the tigers | |||
| 10 | The REplace Project | N/A | Environmental awareness | N/A | N/A | PPB Properties organised the inaugural The REplace Project to foster environmental consciousness amongst the Megah Rise Mall goers. The project highlighted the importance of recycling and waste reduction through a series of talks hosted by various partners such as .bungkus, Biji-biji Initiative, Kloth Cares Malaysia, Impactlution, Mereka and Zero Waste Malaysia. These collective efforts aim to cultivate environmental awareness amongst the local community. | |||
| 11 | Penang Heritage Photography Fiesta | N/A | Workshops and competitions worth RM0.04M | N/A | 210 beneficiaries | Two of PPB’s properties – The Whiteaways Arcade and New World Park – are located within the vicinity of the Penang heritage site. In conjunction with the George Town Heritage Celebrations 2023 in July 2023, PPB Properties organised the Penang Heritage Photography Fiesta for the second time. The campaign featured a series of workshops, photography and videography competitions as well as a photo exhibition. The campaign theme was Traditional Craftsmanship of Penang and jointly organised by George Town Festival and Sony Malaysia. |
1. The numerical value for total cash and in-kind giving was calculated based on individual monetary mentions in the Annual and Sustainability report.
2. The information above is derived from PPB Group Berhad’s 2023 Annual and Sustainability Report. Email correspondence was made between 12 June – 30 July 2024 to seek further clarification, as reflected in the table above.
This independent report is produced without sponsorship from any organisation. The objective of the Bursa Top 20 is to promote philanthropy and encourage charitable giving among for-profit organisations.
Focus Areas of PPB Group Berhad
Beneficiaries of PPB Group Berhad
PPB Group Berhad reported a contribution of RM2.40 million towards community investment in their annual report, with 36.4% allocated to Environmental initiatives, 27.3% towards Education-related initiatives, and 18.2% towards Community Development. This contribution represents 0.17% of their cash-to-profit giving. As part of their Environmental efforts, PPB committed to a stream restoration project in Taman Tugu and a tiger conservation initiative within the Titiwangsa range in Peninsular Malaysia. Their ongoing initiatives benefited 16,397 people. The majority of PPB’s contributions were directed towards Community beneficiaries (36.4%), followed by Youth (27.3%) and Environment (18.2%). Additionally, PPB Group Berhad reported a total of 500 employee volunteer hours in their annual or sustainability report.
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