Aligning with the Malaysian Code on Corporate Governance (“MCCG”) 2021, we have reaffirmed our Board Refreshment Policy, limiting our Independent Directors to a maximum term of 9 years on the Board. In keeping with the Board’s commitment to gender diversity and inclusivity, I am proud to affirm our 33.3% female representation on the Board, just ahead of MCCG’s Practice 5.9 requirement of 30%. This, and other existing measures, serve to embody the Group’s strong view of governance. We are not content with merely complying with existing regulations but aim to continue strengthening this further and more importantly, to incorporate this into our DNA of operations at Matrix. ADDRESSING CLIMATE CHANGE AS A PRIORITY Globally, we are uncertain how exactly climate change will alter the planet but one thing for sure is that its complex environmental impact will directly affect business, society and ecosystems. With this in mind, governments will seek to mitigate its effects with far-reaching regulations and Malaysia will be no different. Companies will be faced with a steep price to pay for emissions, both monetary and social. Rather than opt to sit on the side-lines and be eventually subjected to regulatory impositions and restrictions, Matrix has already accepted this eventuality and is exploring strategies to reduce risk and find a competitive advantage in this warming, carbon-constrained environment. One of our highlights is our increased pivot to using solar energy. In FY2023, Matrix generated more than 1.1 million kWh of clean energy from solar. This is a 45.2% increase year-on-year. In doing so, the Group has avoided 609.8 tonnes CO2e of emissions. We have taken steps to further align with Bursa’s new Sustainability Reporting Guide (3rd Edition), in addition to strengthening of Policies and Frameworks. CHAIRMAN’S STATEMENT Blood donation drive at Mawar INTEGRATED ANNUAL REPORT 2023 MATRIX CONCEPTS HOLDINGS BERHAD 34 KEY MESSAGES
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