SUSTAINABILITY RISK MANAGEMENT At UEM Edgenta, robust governance and ESG accountability are fundamental to our commitment to responsible business practices. UEM Edgenta is committed to proactively managing climate-related risks and opportunities through a structured and forward thinking approach. Our Board provides strategic oversight, ensuring sustainability remains a core focus in decision-making, risk management, and long-term value creation. This year, the Board continues to actively evaluate sustainability matters including climate related risks and opportunities across current and future projects. Regular progress updates on ESG initiatives, as outlined in our roadmap, are presented at Board meetings, ensuring alignment with our net-zero targets and the continuous enhancement of our monitoring methodologies. To maintain the effectiveness of our sustainability strategies, we regularly review and refine our ESG policies and practices. We are currently developing a Group-wide ESG Manual to standardise ESG-related processes, fostering greater transparency and accountability across our operations. Sustainability and ESG considerations, including climate change, are firmly embedded in UEM Edgenta’s governance and decisionmaking processes. The Board supported by the BGRC, plays a critical role in reviewing the company’s governance and compliance matters with regards to risk, governance, compliance and sustainability matters (including climate change) to ensure alignment with the Company’s long term strategy. In considering sustainability risks, the BGRC ensures the company’s approach to risk management is comprehensive and aligned with both business objectives and sustainability goals. The Board of Directors at UEM Edgenta continues to demonstrate strong leadership in advancing Edgenta’s sustainability agenda which it overseas through the Board Governance and Risk Committee (BGRC). In this capacity the Board strives to ensure that the company adheres to high standards of ethics, socially responsible behaviour and sustainability initiatives in accordance with the company’s core values. ESG is now a permanent agenda item at quarterly Board meetings, enabling regular updates and discussions on progress, performance, and areas requiring improvement. Sustainability considerations including climate change have been central in Board decisions and considerations, ensuring the environmental and social impacts of operations, investments, and supply chain practices are properly evaluated. Roles and Responsibilities Board of Directors Risk, Integrity and Compliance Committee (RICC) Board Governance and Risk Committee (BGRC) ESG Steering Committee Nomination and Remuneration Committee (NRC) ESG Department Shapes and oversees the Group’s sustainability strategy, monitors ESG targets and performance, ensuring alignment with corporate objectives through the Company’s corporate scorecard, which integrates key ESG metrics. Provide oversight, direction, and counsel over key risk areas of the Group, including but not limited to strategic, operational, information technology, sustainability, legal, financial, insurance, integrity, compliance, and business continuity management. Business Divisions (BUs) & Corporate Support Works in collaboration with the Group ESG Team to implement sustainability initiatives and activities. Supports the Board of Directors by overseeing the sustainability efforts and reviews the material sustainability risks and opportunities as well as sustainability issues in the overall planning, performance, and long-term strategy of the Company. A committee, chaired by the MD/CEO and comprising C-suite executives and select senior management, regularly reviews sustainability initiatives, performance, and action plans. The committee provides guidance and recommendations to the BGRC and Board for further consideration. Reviews performance against established corporate scorecard including ESG. The NRC also review and makes recommendation to the Board of Directors on ESG KPIs and achievements on Corporate Scorecard. Leads the execution of ESG initiatives according to ESG roadmaps or strategies, and in alignment with the Bursa Malaysia’s Sustainability Reporting Guidelines, Global Reporting Initiative (GRI) Standards, and other regulatory frameworks and relevant rating standards. Through the Corporate Strategy and Planning division, the ESG department supports the MD/CEO to discharge his role to oversee ESG matters and practices in the company. Sustainability at UEM Edgenta UEM EDGENTA BERHAD 118 Integrated Annual Report 2024
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