Our Response • Improve financial performance • Improve governance, compliance and transparency framework • Pursue value enhancing opportunities • Minimise losses and improve overall MSM Group performance • New investments and expansions were further rationalised and regulated to prioritise profitability and focus on business continuity and sustainability • Further explore downstream into sugar related business unlocking value added income stream • Monetise all non-strategic and non-productive assets Link to Strategy Impacts • Responsible and efficient use of water and energy • Recycling and reuse of materials, water and energy • Reduction of direct and indirect GHG emissions • Management of waste and effluents • Impact on surroundings at all operational sites Impacts • Sustained financial, dividend and share performance • Responsible investment in new business strategy, mergers and acquisition • Strengthening risk and governance policies • Optimising our funding strategy and gearing ratio • Prudent capital expenditure (CAPEX) allocation • Maintain healthy cash balance • Business profitability to support stakeholders value delivery Our Response • Continuous monitoring of key environmental aspects such as energy optimisation, water usage, waste management and inventory of greenhouse gases • Continuing to explore initiatives to lower refining cost at each refinery via installation of biomass boilers and solar photovoltaic systems • Continuous engagement with Department of Environment (DOE) • Waste stream management is outsourced to a supplier licensed by DOE to collect, transport, process and dispose waste in accordance with local regulations and standards • Various environmental initiatives and collaborations such as Mangrove Tree Planting and participation in E-Recycling campaign Resource Management Financial Management MATERIALITY ASSESSMENT PROCESS MATERIAL ISSUES S1 S5 S2 S6 S3 S7 S4 • MSM’s Sustainability Initiatives on Governance Link to Strategy • MSM’s Sustainability Initiatives on Environment, Social and Governance MSM Malaysia Holdings Berhad ANNUAL INTEGRATED REPORT 2021 WHO WE ARE STATEMENT & DISCUSSION BY OUR LEADERS HOWWE OPERATE 100
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