OUR PERFORMANCE IN ADDRESSING MATERIAL MATTERS OPERATIONS SPECIFIC RISKS CONSTRUCTION RISKS Harsher weather conditions such as increased torrential storms and floods as well as hotter temperatures may lead to increased OHS risks as well as lead to delays of works on construction sites. Increased ambient temperatures may affect worker productivity. Water scarcity may lead to frequent water supply disruptions which would impede construction works. Reduced access to financing/capital unless there is greater adoption of “green” construction methodologies. OPPORTUNITIES Greater willingness by management to explore green construction methods as well as circular economy concepts. Proliferation of new technologies that reduce wastage and reduce resource consumption. HOSPITALITY AND HEALTHCARE RISKS Rising temperatures will require increased electricity consumption for cooling purposes. Water disruption issues due to direct or indirect climate change impacts could affect operations, leading to revenue loss. OPPORTUNITIES Opportunity to adopt renewable energy (RE) to power operations. Opportunities to increase use of rainwater harvesting to reduce potable consumption from municipal sources. PROPERTY DEVELOPMENT RISKS Rising ambient temperatures and water scarcity may impact availability of suitable landbank. Changes to building design may become necessary to withstand higher temperatures as well as harsher weather conditions. Additional costs required for climate change modifications caused by changes in building designs and materials, new compliance requirements, contingencies for water and more. OPPORTUNITIES Greater acceptance by endconsumers of the need to adopt climate change mitigation measures, which enables new property offerings to be developed i.e. new designs, use of solar, etc. Consumers’ acceptance to pay more for “green” or “eco-friendlier homes” provides new property development opportunities. VALUE CREATION STRATEGIC REVIEW MATRIX CONCEPTS HOLDINGS BERHAD 98
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