UEM EDGENTA BERHAD Integrated Annual Report 2025 248 PROCUREMENT In parallel with the implementation of Oracle ERP, Group Procurement & Contract Management (“GPCM”) functions as a centralised and coordinated procurement function to control and manage procurement activities within each of the Group’s key business divisions, encompassing eight (8) key areas, namely, Procurement Strategy & Performance, Category Management, Vendor Management, Sourcing, Purchasing Admin, Contract Management, Master Data Management, and Inventory Management. The potential risks pertaining to these key areas are mitigated through procedural governance and compliance monitoring of the SOPs users. The SOPs will be reviewed periodically and updated as and when required to ensure continuous improvement of internal controls and taking into consideration any additional process improvement required. The provisions for Integrity & Compliance (i.e., Code of Conduct for Business Partner, Business Partners Letter of Declaration), HSSE Management Requirements are incorporated accordingly in the procurement terms and conditions to create awareness on our antibribery, anti-corruption, safety and accountability policies amongst our suppliers and contractors at the early stage of engagement with these stakeholders. INSURANCE ON ASSETS UEM Edgenta’s insurance programme forms an integral part of the Group’s risk financing and resilience strategy, delivering financial protection aligned to the Group’s risk appetite and regularly optimised to reflect changes in risk exposure, regulatory expectations and market conditions. INTEGRITY & COMPLIANCE Integrity UEM Edgenta remains firmly committed to supporting the national anti-corruption efforts through a zero-tolerance approach toward all forms of bribery and corruption. Integrity is embedded across the Group through our F.I.R.S.T core values and reinforced via structured governance, policies and controls. Our anti-bribery and anti-corruption (“ABAC”) initiatives are aligned with the requirements of Section 17A(5) of the Malaysian AntiCorruption Commission Act 2009, guided by the T.R.U.S.T principle. These principles underpin our organisation-wide efforts covering top management commitment, risk assessment, implementation of control measures, systematic review, reporting and monitoring, as well as training and communication. Further details on our Corporate Integrity and Ethical Business Conduct are set out on pages 253 to 259 of this Report. STATEMENT ON RISK MANAGEMENT AND INTERNAL CONTROL
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