* The implementation of the corporate policies are constantly monitored and evaluated by BOD; and are reviewed quarterly during the BOD meeting.
|U Soe Myint||Board Chairman||Non-Executive||9.17%|
|U Ye Htut Htake||Managing Director||Executive||81.7%|
|U Thiha Soe||Director||Executive||9.17%|
|Risk and Consequences||Risk Management|
|Market||Misjudging market Demand is the major risk and lead to extra costs, low ROI result and over or under production.||We Conduct detailed market research, ensuring for a unique selling point and value for the consumers.|
|Supply Chain||Supply chain disruptions like 2021 global supply chain crisis because of Covid-19 can cause shortages and affect the consumer patterns.||We have our cost-benefits analysis to make rapid decision and taking immediate actions to sustain operations to serve consumers as well as to support communities and employees.|
|Product||Products which fails to maintain quality leads to publicly critics and bad reputation.||We annually go through ISO22000 certificate extension to make sure that our products are up to standard par. Besides, we maintain Research, Development and Quality Control Department to ensure our products meet with consumer needs and quality expectation which are must for sales sustainability|
|Reputation||The rise of the social network brings the main concern for reputational risk which means for a huge impact for the sales and revenue.||We make sure that all our act are in accordance with ethical and responsible standards to the whole value. We annually join “Pwint Thitsa Report” an inspection conducted by Myanmar Responsible Business Center to make sure that we are in-line with the values we hold so dear.|
|Human Resource||Each employee represents the organization through how they work, the public says and interactions with customers and suppliers.||Dealing with human resource risk will continue to exist yet, provide training and motivated workforce is a way to deal.|
|Complaints||Complaints Complaints in service or products||Providing the direct link for customers to reach the management to solve the complaints. Training and measurement on conducting the effective response on complaints|
|Safety||If food safety fails, the impact on consumer is unpredictable.||We make sure that every steps of manufacturing process have critical control points, monitoring and quality control to meet the international food safety standards.|
* The implementation of risk management is constantly monitored and evaluated by BOD and is reviewed quarterly during the BOD meeting.
Consider the distribution of benefits and costs: We develop the cost-benefit analysis to make sure the systematic process to analyze our corporate decisions to make and which to forgo, thus cost efficient.
Communicate all results clearly and effectively: To establish trust and get results, we make sure on effective communication, exchanging ideas and data internally and externally align with non-disclosure act (NDA).
Account risk and uncertainty: We do know when working, there is a potential for loss which is measurable risk and must also prepare action plans for uncertainty like natural disasters, crisis and political changes.
Economic, social and environmental outcomes: We regularly optimize the sustainability in each stage of purchasing, manufacturing and distribution from strategy development, impact management and risk assessment for better economic, social and environmental outcomes.
Involve stakeholders and subject matter experts: For the best outcomes, we engage multiple experts in food safety, finance, HR, research and procurement to deliver needs of the stakeholders, legislation, policies, standards and best practices within corporation.
Access impacts on wellness: We aware of both physical and mental comfort and safety in all aspects of relation and in workspace for committed employees and provide them with career path development and welfare programs for them and their family.
Conduct transparency analysis: We aim to continuously improve the corporation transparency for internal and external relations to become more engaged and committed to the vision of the company.
* The implementation of the sustainability strategy is constantly monitored and evaluated by BOD; and are reviewed quarterly during the BOD meeting. The most recent review was in June 2023.
With pure intention to help the reduction of CO2 emission rates, we have initiated a positive change by leading the way to invest in renewable source of energy, rather than fossil fuels or oil. Transforming our energy system to run on renewables and sustainable energy could result in job creation and economic development.
By creating a positive impact on environment, we intend to be a more responsible processing factory targeted to produce better “green” products for our consumers around the world.
Participation in “Pwint Thitsa 2022 Report” to improve the corporation transparency. Pwint Thitsa is a report on transparency in Myanmar Enterprises by access online disclosure of the corporate websites of 260 companies. Mya Aye Group is determined to improve continuously in the years to come.
At Mya Ayer, we take our corporate responsibility seriously. The amount of waste water produced by our factory is neither significant nor consists of any harmful substances. Nonetheless, we built an underground chamber where we will collect all the waste water by gravity flow and treat it before releasing to municipal drainage system.
For more information, we monthly update the environmental, social and industrial data which align to sustainable strategy can be found at CSR activities section and news sections on Mya Ayer Group website.