ENVIRONMENT INITIATIVES Concerted energy management plans such as the alternative energy initiatives, and improving on energy and production efficiencies across our operations need to be optimised to contribute to not just help us reduce costs but towards reducing our carbon footprint as well. By FY2022, we intend to initiate a comprehensive review of our GHG inventory that would identify and capture key emissions from all entities across the Group that come directly under MSM’s operational control as part of our upcoming Climate Action and Environment Protection initiatives. We intend to incorporate climate action measures into our business strategy and action plans, and will continue to adapt the way we conduct our businesses to avert the adverse impacts of climate change. In FY2022, MSM will actively seek to join and participate with other organisations such as the United Nations Global Compact Network Malaysia and the Climate Governance Malaysia that support climate change related initiatives, to demonstrate MSM’s support and commitment in mitigating climate-related risks. MSM is also considering alignment of our GHG emissions with commitments to the Science-Based Targets initiatives as well as aligning our disclosures to the recommendations of the Task force on Climate-related Financial Disclosures (TCFD) in the near future. Upcoming Climate Action Plan Review and update of GHG inventory Commitment to reducing carbon emissions MSM’s GHG Emissions As we work to enhance our GHG inventory and develop a climate change framework, we are also assessing our standards on GHG disclosures to apply a consistent approach in consolidating our data. For this year’s report, we compiled our GHG emissions data as follows: Scope 1 includes direct GHG CO2 emissions generated from our own generated electricity, diesel used for own production, logistics fleet and natural gas consumption. Scope 1 GHG CO2 emissions reduced by 14% in FY2021 due to the reduction in natural gas usage and self-generated electricity in the production. Scope 2 covers indirect GHG CO2 emissions generated from total purchased electricity. Scope 2 GHG CO2 emissions increased in FY2021 as MSM recorded an 5% rise in purchased electricity due to more intensive production during the year. 2020 2020 2021 2021 2019 2019 Scope 1 (CO2 emissions) (tonnes) Scope 2 (CO2 emissions) (tonnes) 259,059.1 33,165.3 251,522.5 32,901.1 216,513.4 34,535.8 WHO WE ARE STATEMENT & DISCUSSION BY OUR LEADERS HOWWE OPERATE MSM Malaysia Holdings Berhad ANNUAL INTEGRATED REPORT 2021 140
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