2024 UEM Edgenta Annual Report

As we enter the final year of EoTF 2025, our transformation journey remains a driving force in strengthening business resilience and future readiness. The steady execution of EoTF 2025 has enabled us to navigate market challenges, broaden our revenue streams, and accelerate the adoption of technologydriven, higher-margin services. This progress sets a solid foundation for sustainable growth, reinforcing our commitment to operational excellence and long-term value creation. SUSTAINED ECONOMIC GROWTH At UEM Edgenta, we believe that sustained economic growth is the foundation of long-term success and resilience. Our commitment to fostering a thriving, sustainable economy goes beyond financial performance—it’s about creating lasting value for our stakeholders, communities, and the environment. I am of the firm view that the company’s robust fundamentals, expanding international footprint and encouraging financial performance last year are strong components that can create long term growth and value for Edgenta. In 2024, UEM Edgenta achieved revenue growth across all of our business segments, including our international businesses. We completed the acquisition of KAIZEN, which enhanced our AI-powered smart facilities management capabilities in UAE. Additionally, UEMS Group achieved RM1 billion in revenue in FY2024, as a result of combined revenues of UEMS Singapore and EdgentaUEMS Taiwan. This is the first time that the UEMS Group revenue surpassed RM1 billion. Furthermore, the renewal of the WASL Zone 1 and 2 contracts in UAE increased our market share of the UAE facilities management space. Through the services we offered to our clients, we have delivered impact. FY2024 saw impressive growth across all our business segments, including international offices. Our energy management initiatives have helped our customers realise annual savings of approximately 38.8 million kWh of energy from assets we manage. This is equivalent to savings of approximately RM17.16 million in energy bills from 2017. I am proud to note that OPUS Energy and Property and Facilities Solutions (PFS) business have helped to achieve and maintain 20 Green Building certifications. Our Property and Solutions business successfully renewed a GBI Platinum rating for a Government Client. We leveraged on our track record and capital strength to offer long term sustainable energy efficiency solutions to our clients in markets we operate. When we launched our Net Zero targets in 2023, we also rebranded our OPUS business as our sustainability arm positioning OPUS Energy as a key provider of solutions to support our clients’ decarbonisation pathways. We allocated RM200 million through this subsidiary to finance sustainability projects through our flagship Zero CAPEX programme enabling building and asset owners to implement green retrofitting and energy-efficiency upgrades without upfront investment. Additionally, we enhanced our Risk Management Framework (“RMF”), providing the Board of Directors with greater oversight of sustainability and climate-related risks, thereby ensuring stronger governance around these critical areas. We also strengthened the enforcement of our Anti-Bribery and Anti-Corruption (ABAC) and Whistleblowing Policies to reinforce our commitment to doing business with the highest ethical standards. In 2024, we hosted various activities, such as integrity awareness engagements, knowledge sharing sessions and capacity building initiatives designed to engage our stakeholders and strengthen anti-corruption efforts throughout the organisation. Additionally, we formalised the Adoption of Restriction on the Political Involvement Policy to uphold ethical business conduct and safeguard our commitment to integrity in all aspects of our operations. To facilitate the Board to undertake increased governance responsibility, we made significant investment in deepening the Board’s understanding of sustainability matters. To this end, our Board completed 229.5 hours of learning, with 13 hours focused on ESG topics and 216.5 hours on business sustainability. This commitment ensures our leaders are well-equipped to make informed decisions on matters like climate targets and ESG governance processes. The training enabled more impactful discussions on sustainability, strengthening the Board’s role in guiding the company toward a future that aligns with our values. These actions that we undertook during the implementation of our initial sustainability roadmap, led to an uplift in external recognition, Our FTSE4Good score rose from 1.9 in 2021 to 3.2 in 2024 as a result of various initiatives. To build on the momentum created, in 2024, the we launched our ESG Roadmap 2.0 – a continuation of our sustainability journey for an additional two years. The roadmap is built around 6 pillars namely a strong sustainability approach, materiality, performance measurement, governance & culture, initiatives and actions that can deliver our sustainability goals and reporting & communications. Our commitment to address the impact of our business on the climate is highlighted in the blueprint, focusing on mitigating impact of climate change, while assessing and managing the physical and transition risks of climate change to future-proof our business. Strong Sustainability Approach Materiality Performance Measurement Governance & Culture Initiatives Actions ESG Roadmap 2.0 DRIVEN BY SIX KEY LEVERS 109 ENHANCING VALUE THROUGH SUSTAINABILITY

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