MATTERS MATERIAL TO VALUE CREATION 01 02 Decarbonisation through improvements in production processes, energy and production efficiency, waste reduction and sourcing of products from green certified suppliers. The aim is to reduce as much as possible, carbon footprint at the source prior to actual business activities and adoption of methods that will enable a reduced carbon footprint. Decarbonisation through increased renewable energy. Continued transition to alternative sources of energy, reduction in hydrocarbon use, transitioning to electricity derived from solar i.e. green power programme, etc. Removal of residual carbon footprint through carbon credits of other means. All divisions have been tasked to develop specific strategies and action plans in relation to climate change. This includes developing Standard Operating Procedures (SOPs) and action plans within their respective Risk Registers. Matrix is also looking to increase the percentage of “green” features within its developments. TRANSITIONING TO RENEWABLE ENERGY (SOLAR) Matrix has been using solar for the past years to power operations at the d’Tempat Club, Mawar and MGS. In FY2023, with the inclusion of solar energy generated by the panels installed at MGS, Matrix has generated in total more than 1.1 million kWh of clean energy. This is a 45.2% increase year-on-year. A total of 609.8 tonnes CO2e emissions were avoided. In encouraging increased use of solar energy, Matrix, going forward shall be bundling solar panel options for buyers of premium units. It is also looking into the allocation of solar panels for some of its higher-priced, high-rise projects. Solar Energy Generated (kWh) 1,200,000 1,000,000 800,000 600,000 400,000 200,000 0 FY2021 FY2023 131,206 0 0 0 1,106,775 242,095 631,199 571,052 241,306 294,417 242,095 The Group’s strategy is centred on its Zero Carbon by 2050 long-term goal, based on the following broad based focus areas: FY2022 762,405 Total Club MGS Mawar 03 INTEGRATED ANNUAL REPORT 2023 MATRIX CONCEPTS HOLDINGS BERHAD 83
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