MATERIAL MATTERS At UEM Edgenta, our initiatives are driven by key material matters, including upholding business ethics and fostering innovation for operational excellence. We are committed to economic development, responsible supply chain management, and addressing climate change and energy challenges. Our efforts in environmental management, occupational health and safety, and fostering a positive employment culture ensure sustainable growth. We further consider customer satisfaction, human rights assessment, and support for the local community. These priorities shape our initiatives, guide our commitment to long-term sustainability, and help mitigate potential risks. For more information, please refer to our Material Matters section in the Integrated Annual Report (IAR). STAKEHOLDER ENGAGEMENT As we continue our sustainability journey, we fully acknowledge the critical role our stakeholders play in aligning our approach and performance with our ESG objectives. Through ongoing, open, and transparent two-way communications, we stay attuned to their feedback and expectations, while also sharing vital updates on our sustainability progress. With the valuable input from our stakeholders, we are able to strengthen the foundation of our sustainability strategy and business priorities, enabling us to better address their needs and deliver greater long-term value. The stakeholders we actively engage with include the Board of Directors and Employees, Clients and Partners, Shareholders and Investors, Government and Regulators, Industry and Business Associations, Supply Chain Partners, Community, and the Media. Additionally, we have also engaged with union members under the Government, Regulators, and Industry and Business Associations category. For more details on our stakeholder engagement, please refer to the Stakeholder Engagement section on pages 46-50. Sustainability and ESG Capacity-Building Programmes Edgenta Stars (Webinars & Workshops) Board of Directors 22,464 229.5 SUSTAINABILITY-LINKED KPIS At UEM Edgenta, sustainability is embedded in our governance structure through a comprehensive approach that integrates ESG principles into goal setting, resource allocation, and performance measurement. In 2024, ESG factors remained integrated into the Corporate Scorecard, shaping sustainability target-setting, resource allocation, and performance evaluations across the organisation. Sustainability-linked KPIs were established at both corporate and business unit levels, providing a clear framework to drive accountability and ensure alignment between business strategy and sustainability priorities. Sustainability is embedded into our investment decisions, operational strategies, and supply chain management. Recognising the importance of incentivising performance, sustainability-linked KPIs have been incorporated into performance evaluations and reward structures. The Board, in partnership with the NRC, evaluates the Group’s sustainability performance against established KPIs. These sustainabilitylinked KPIs are cascaded from the top down, and the results of the corporate scorecard are used to determine the bonus payments of our employees, including senior management. ESG considerations are also embedded in the Board’s annual evaluation process, which reviews the effectiveness of Board roles, responsibilities, and overall performance. Supporting these efforts, the ESG Steering Committee, chaired by the (MD/CEO), provides direction and oversight on sustainability initiatives across the Company. Additionally, ESG is a core evaluation criterion in the Board Evaluation Assessment, reinforcing the alignment of governance roles and responsibilities with sustainability commitments. The Board dedicates significant time to addressing key ESG matters, including overseas business expansion, Net Zero targets, HSSE progress, and human rights and supply chain sustainability. Demonstrating its continued commitment to ESG, the Board actively participates in workshops, seminars, and expert-led sessions to remain abreast of emerging ESG trends, best practices, and their implications for business operations. To strengthen their understanding of sustainability risks and governance excellence, the Board have collectively undertaken training on ESG and Business Sustainability. Board diversity, competency development, and continuous education are also key priorities. The Board, with recommendations from the NRC, observes gender diversity, age and skills. Expertise gaps are identified through Board Effectiveness Assessment. As of 28 August 2024, the Board has adopted a Gender Diversity Policy, reinforcing its commitment to inclusive governance and well-rounded leadership. Continuous learning remains a fundamental aspect of UEM Edgenta’s ESG journey. Regular education and awareness initiatives, including workshops, seminars, and expert-led consultations, ensure that leadership stays informed on evolving sustainability trends, regulatory developments, and global best practices. Company-wide training programmes further embed sustainability within our corporate culture, ensuring that ESG considerations are embraced across all levels of the organisation. Through these concerted efforts, UEM Edgenta remains committed to fostering transparency, accountability, and longterm sustainability for all stakeholders. Sustainability at UEM Edgenta UEM EDGENTA BERHAD 120 Integrated Annual Report 2024
RkJQdWJsaXNoZXIy NDgzMzc=