CHAIRMAN’S STATEMENT PRIORITISING OUR CLIMATE CHANGE AGENDA The consequences of not heeding the signs of climate change will impact everyone. Hence, it is incumbent on us, as individuals and corporations, to rise to meet this challenge and do all we can to address this growing threat. As a responsible corporate citizen, Matrix had earlier incorporated climate change into the Board’s agenda. Our priority is to explore avenues, adopt suitable measures and monitor our performance with a goal to becoming carbon neutral by 2050. To give credence to our commitment to reduce our carbon footprint, the Group has already commenced a number of initiatives, such as utilising solar photovoltaic panels at various sites and monitoring intensity factors across Scope 1, 2 and 3. In FY2024, the Group has accelerated its usage of renewable energy with the increase in its generation by 9.07% (1,207 Mwh) as compared with last year of 1,107 Mwh. Efforts at environmental conservation is gaining momentum, given the increased recycling material both at our office and project sites as well. This projects a comforting message of assurance that Matrix is on the right track for the good of our environment. The Group reiterates its commitment toward progressive adoption of the Task Force on Climate-Related Financial Disclosures (“TCFD”) recommendation for more effective disclosure of climate-related risks and opportunities. A measure of the Group’s firm commitment is the introduction of our Climate Change and Policy Statement in FY2024. This will guide our approach to embed climate mitigation and adaption into our business, in support of our customers and the local community for the future. OUTLOOK MOVING FORWARD Looking ahead, the Group is poised for continued growth. The demand for its property offerings remains robust, particularly at its flagship, Sendayan Developments. This resilience is attributable to a noticeable shift in the preferences of Klang Valley residents, opting to relocate to areas outside the city center, made easier by the well-developed road networks, superior connectivity and the evolving landscape of remote and flexible working arrangements. The Group’s early adoption of expanded sales channels, utilising digital solutions, including social media platforms, have played a pivotal role in the growing visibility among home buyers from Klang Valley. Leveraging on these platforms, the Group has successfully tapped into the strong demand for its residential properties, especially those priced within the RM600,000 range, which has proven to be a compelling value proposition for its customers. IN FY2024, THE GROUP HAS ACCELERATED IT'S USAGE OF RENEWABLE ENERGY (SOLAR) WITH THE INCREASE IN GENERATION BY 9.07% (1,207 Mwh) Hospitality Education Healthcare Total Solar Generated 700,000 600,000 500,000 400,000 300,000 200,000 100,000 – 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 – FY2022 FY2023 FY2024 631,199 571,052 608,345 131,206 762,405 241,306 1,106,775 348,183 250,670 1,207,198 0 294,417 Solar Energy Generated kWh kWh KEY MESSAGES MATRIX CONCEPTS HOLDINGS BERHAD 34
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