Our material matters represent the issues that are most important to our business and stakeholders, guiding us in developing strategies and initiatives that maximise shared value creation. Reflecting the importance of sustainability to the organisation, our material matters are identified by shortlisting key matters across the ESG spectrum. These matters are prioritised by assessing each matter’s significance to our stakeholders and impact on our business, a process which was last carried out in full during FY2022. In January 2023, we leveraged on the assessment carried out in FY2022 and obtained further input from external stakeholders through interviews and online surveys on the existing list of 11 material matters. The finalised list of material matters, as presented in this section, forms the focus of our reporting, communications and disclosures both within this report and the Sustainability Statement contained within it. Significance of UEM Edgenta’s impact Low Low High High Importance to Stakeholder Local Community Customer Satisfaction Business Ethics Occupational Health and Safety Environmental Management Supply Chain Management Economic Development Employment Culture Innovation Human Rights Assessment Climate Change and Energy Lower relative importance Environment Social Economic Higher relative importance MATERIALITY ASSESSMENT PROCESS MATERIALITY MATRIX We reassessed the material matrix in light of our organisation’s current focus areas, strategic priorities, and future outlook. We concluded that the material matrix from FY2023 remains relevant for FY2024 and the near-term future. The matrix serves as a reference point, emphasising the relative importance of each issue and ensuring their alignment with the Group’s broader strategic and ESG objectives. Conduct desktop review Identify updates in ESG standards, Sustainability Reporting requirements and regulations relevant to industry and operating environment Map updates to relevant material matters Analyse UEM Edgenta’s key highlights for FY2024, align material topics with the company’s strategic priorities, and evaluate their relevance to long-term sustainability goals, and assessing progress on net-zero targets and ESG leadership Clearly document any shifts in prioritisation Noting rationale behind any changes (E.g., regulatory developments or operational shifts) Present findings and justification of materiality approach for FY2024 and validated with ESG Steering Committee Review the FY2023 matrix to ensure list of material matters are still relevant to the organisation and the industry as a whole Review of Previous Materiality Matrix STEP 1 Analysis of external environment STEP 2 Analysis and alignment with internal environment STEP 3 Document Changes and Rationale STEP 4 Validation STEP 5 Key Takeaways: We have also included Occupational Health and Safety as one of the areas to prioritise, along with the other four focused areas, Climate Change and Energy, Environmental Management, Supply Chain Management and Human Rights Assessment. The inclusion of Occupational Health and Safety is a response to regulatory changes such as OSHA Amendment Act and hence we will emphasise on HSSE initiatives in our sustainability journey. STRATEGIC REVIEW UEM EDGENTA BERHAD 52 Integrated Annual Report 2024 Our Material Matters
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