4 MANAGEMENT DISCUSSION AND ANALYSIS 51 OUR MATERIAL MATTERS Our material matters form the basis of our value creation efforts, shaping our strategies in ways that support business growth and shared value creation. These material matters are identified through an in-depth materiality assessment that evaluates each topic’s significance to our stakeholders and its impact on our business. Our last full materiality assessment was conducted in FY2022, with further stakeholder input gathered in January 2023. A desktop validation exercise carried out in FY2025 confirmed the continued relevance of these material matters to our business. All 11 material matters and five sustainability focus areas remain unchanged, reflecting stable stakeholder expectations, continued alignment with our business strategy, and sustained relevance under current ESG standards and regulatory requirements. During the year, we also made progress across our five sustainability focus areas, namely Climate Change and Energy, Environmental Management, Supply Chain Management, Human Rights, and Occupational Health and Safety, through the initiatives we have outlined below. With this said, we recognise that expectations around sustainability disclosures are increasing with the introduction of the IFRS S1 and IFRS S2 standards under the National Sustainability Reporting Framework (“NSRF”). In line with this, we plan to progressively adopt a double materiality approach in futyre cycles, thereby considering our impacts on both the environment and society, as well as evaluating sustainability related risks and opportunities with potential financial implications. The assessment of financial materiality, including climate related risks and opportunities under IFRS S2 will complement our existing framework. These enhancements will be introduced in phases with oversight from the ESG Steering Committee and the Board Governance and Risk Committee. Materiality Assessment Process We review the list of existing material matters within our matrix, assessing whether each remains relevant in the context of our business, industry and operating environment. Step 1 Review of Previous Materiality Matrix Step 2 Analysis of External Environment Through a desktop review, we identify changes in our operating environment, sustainability reporting expectations and requirements, and other relevant regulations. These updates are mapped to the relevant material matters. Step 3 Analysis and Alignment with Internal Environment We analyse each material topic against our business and ESG agenda, evaluating its relevance to our sustainability goals and business priorities. Step 4 Document Changes and Rationale We document and report any priority shifts, noting the reasons for changes in relevance, including regulatory developments and changes in the external environment. Step 5 Validation Our findings are presented to and validated by the ESG Steering Committee and the Board of Directors. The Materiality Matrix By analysing stakeholder feedback, we developed a comprehensive materiality matrix that reflects the weighting given to each material matter by our stakeholders. In considering our business’ current strategic priorities and future outlook, we confirm that the current materiality matrix remains relevant for FY2025. Higher relative importance Lower relative importance Environment Economic Social Local Community Environmental Management Human Rights Assessment Supply Chain Management Climate Change and Energy Economic Development Employment Culture Innovation Business Ethics Customer Satisfaction Occupational Health and Safety High Low Low High Importance to Stakeholder Significance of UEM Edgenta’s impact
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