Social capital refers to the relationships and rapport established with stakeholders and how these impact / influence the business model and consequently, Matrix’s business direction and operational strategies. The Social Return On Investment (“SROI”), has been tremendous. Though Matrix has yet to quantifiably assess the SROI created, it is apparent that the values created for stakeholders has been immense. From elevating lifestyles, transforming urban landscapes, ushering development, creating jobs and entrepreneurship opportunities, raising income levels, placemaking, promoting healthier lifestyles, fostering social harmony and unity and more. Matrix’s social values abound and continue to grow with time. Related Risks & Material Matters: • Social Compliance • Indirect Economic Performance • Branding and Reputation • Community Development Further information is available here: Values Created in FY2023: • Fulfilling lifestyle aspirations • Creating stable, prosperous, self-contained communities • Improving accessibility to healthcare, educational opportunities - 56,089 (FY2022: 36,378) patients treated by Mawar in FY2023 - MGS’ IGSCE Report 2022 continues to improve as compared to the previous year’s performance • Increasing opportunities for local businesses • Land and property appreciation SOCIAL CAPITAL MULTI-CAPITALS VALUE CREATION PERSPECTIVE NATURAL CAPITAL With regards to Natural capitals, Matrix’s focus is on improving resource and energy efficiency, reducing carbon emissions, managing water consumption, reducing waste produced through efficient resource consumption and recycling. The Group’s progress is measured based on KPIs and Targets set centred on the following: energy consumption, emissions, waste generations, waste recycled and also energy, emissions intensity and biodiversity preservation. Related Risks & Material Matters: • Climate Change and Emissions • Energy Consumption • Raw Materials Consumption • Water Consumption • Waste Management & Recycling • Biodiversity • Environmental Compliance • Regulatory Compliance Further information is available here: Inputs: • 222,656 litres diesel • 8.0 million kWh of electricity, 0.8 million kWh from solar, 36,600.8 GJ • 329,869 m3 water consumption • 3.3 million pieces of paper • 13,326.50 tonnes of cement • 2,972.69 tonnes of steel • 1,590.31 tonnes of timber • 87,030.37 tonnes of sand Values Created in FY2023: • 428.4 tonnes CO2e Scope 1 emissions • 4,372.7 tonnes CO2e Scope 2 emissions • 136,639.0 tonnes CO2e Scope 3 emissions INTEGRATED ANNUAL REPORT 2023 MATRIX CONCEPTS HOLDINGS BERHAD 99 The Matrix Value Creation Model is a summation of the Group’s value creation narrative. It provides a concise and integrated view of how Matrix’s business model progresses from the consumption of resources across a multi-capitals perspective into ultimately, generating values for stakeholders, which is also reflected across a multicapitals perspective. VALUE CREATION MODEL 100 INTEGRATED ANNUAL REPORT 2023 MATRIX CONCEPTS HOLDINGS BERHAD
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