SUSTAINABILITY STATEMENT SUSTAINABI L I TY@DNeX During the past year, we have stepped up our approach to Sustainability, adopting a cohesive and concerted Group-wide strategy to maximise the positive and shared value we generate across our business footprint. This culminated in the launch of our Sustainability Framework. The Framework outlines long-term commitments that we are making across the Environmental, Social and Governance (“ESG”) spheres, and details pillars of focus and objectives that will guide our Sustainability agenda in the years to come. Ultimately, the actions and initiatives we will undertake aspire towards four key ambitions that will enable us to become leaders in Sustainability within our respective industries. These ambitions are defined and expanded upon in the Sustainability Framework section of this statement. The Framework also saw the incorporation of Sustainability oversight into the Board’s Risk and Governance Committee’s responsibilities, which lead to a revision of its name to Risk, Governance and Sustainability Committee (“RGSC”) and subsequently expansion of its Terms of Reference. The additional role emphasises the Group’s commitment towards long-term value creation as the RGSC will assist the Board to oversee the Group’s Sustainability matters strategically. The enhancement of our Sustainability commitment is timely, given that during the past financial year we acquired a 60 per cent stake in SilTerra Malaysia Sdn Bhd (“SilTerra”) – a global player in the semiconductor industry – after the increase of our stake in Ping Petroleum Limited (“Ping”) to 90 per cent at the end of the last financial year. Our expansion means that we are now a truly global organisation with a substantial presence in resource industries, and this reinforces our responsibility to act in ways that safeguard natural environments and local communities across our countries of operation. To reach our ESG goals, we will create a culture of Sustainability across the Group and develop expertise on sustainable ways of doing business across all business units. To this end, we have appointed Sustainability representatives, who will champion Sustainability within each subsidiary, and take the lead in implementing the Framework at the level of everyday processes and strategic thinking. This will serve to integrate business and Sustainability from the ground up, setting the tone for holistic value creation in everything we do. In an age where purchasing and investment decisions are increasingly based on the Sustainability credentials of a company, our ambitious agenda is an opportunity to not only deliver meaningful advancement to the environment and people, but also to develop a key competitive advantage that will safeguard our business in the years and decades to come. DAGANG NeXCHANGE BERHAD 152
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