MSM Malaysia Holdings Berhad Annual Report 2021

OUR WAY FORWARD IN OUR SUSTAINABILITY JOURNEY Our commitment to our sustainability journey will be progressively accelerated in a meaningful and transparent manner. As part of our transformative plans to step-up our sustainability practices and with the support of our independent consultant, we are headed towards delivering on the promise of “Sweet Sustenance in a Responsible, Sustainable and Mindful Way” as our new sustainability framework. Our concerted efforts aim to enhance our sustainability framework with clearer medium to long-terms goals and measurable progress on our “high” priority issues. We target to remap our materiality topics with better defined ESG priorities that align with the changing business landscape and current market conditions. As a first step, we are disclosing our sustainability performance for FY2021 with additional disclosures on our policies and practices, heightened analysis on our impacts, understanding present gaps. We aim to reflect our sustainability roadmap and our “ambitious” goals in our next report. At the global front, the manufacturing sector is evolving towards a more efficient, faster and flexible future through greater technology adoption as part of the Fourth Industrial Revolution. MSM aims to catalyse growth through key technology pillars that are identified in the country’s Industry4WRD: National Policy on Industry 4.0. By infusing higher value added process of manufacturing through the application of advanced digitisation, advanced manufacturing technologies and efficient resource utilisation, manufacturing issues such as hazardous environments, health and safety of human labour, efficiency in managing supply chains, and reduction in wastages are addressed. It also paves the way to enhanced productivity, job creation, innovation capacity, high-skilled talent pool and ultimately economic prosperity and societal well-being. Thus, moving forward, MSM intends to collaborate and venture into possible schemes, research and development, and studies on the following: SMART Manufacturing Environmental Technology Research Technological and Certification Programmes Industry 4.0 Innovation on Energy Management Green Schemes/Green Packaging WHO WE ARE STATEMENT & DISCUSSION BY OUR LEADERS HOWWE OPERATE MSM Malaysia Holdings Berhad ANNUAL INTEGRATED REPORT 2021 128