about this report EXCLUSIONS AND LIMITATIONS Given this is the first year of alignment to the NSRF and S1 and S2 standards, Matrix has selected to adopt a progressive approach in its disclosures; preferring to focus on establishing a list of financially material SRROs and CRROs and in determining the specific risk and opportunity impacts over the short, medium and long-term ঞmeframes with financial quanঞficaঞon of SRROs and CRROs to be progressively developed and established in subsequent reporঞng. This is consistent with the principle of proporঞonality provided in both the NSRF and IFRS disclosure requirements which permit Matrix to limit informaঞon to what is reasonable, supportable, and available without undue cost and effort; and the use of qualitaঞve as opposed to quanঞtaঞve approaches in developing disclosures. Matrix shall progressively strengthen its reporঞng in accordance with both frameworks going forward. This includes developing more comprehensive and strategic perspecঞves in SRROs and CRROs by working with external parঞes, in further involving internal and external stakeholders, notably in soliciঞng views and perspecঞves on emerging and exisঞng SRROs and CRROs and in developing data collecঞon and informaঞon systems that would enable financial quanঞficaঞon of SRROs and CRROs. Other aspiraঞons are as follows: Due to insignificant operaঞons and data limitaঞons, operaঞons from Australia have been largely omied. Areas for Improvement Consider possibility of site specific climate and biodiversity assessments. Integraঞng SRROs and CRROs into the risk management framework and thus into the mainstream strategic thinking and business planning of the Group. Aside from ISSB and SASB disclosures, to also consider requirement for developing company specific metrics to ascertain financial impacts from SRROs and CRROs. Use of Life Cycle Assessment, Spend Based or hybrid approaches to determine upstream and downstream Scope 3 emissions. COMPLIANCE TO AND REFERENCED FRAMEWORKS As previously menঞoned, IAR2025 has been developed in accordance with or references to the following reporঞng frameworks and standards: • Main Market Lisঞng Requirements (“MMLR”) of Bursa Malaysia Securiঞes Berhad (“Bursa Securiঞes”) • Malaysian Financial Reporঞng Standards (“MFRS”) • Bursa Malaysia Sustainability Reporঞng Guide, 3rd Ediঞon 2022 • FTSE4Good Index Disclosures (FTSE Russell’s ESG Data Model) • Sustainability Accounঞng Standards Board (“SASB”) • Global Reporঞng Iniঞaঞve 2021 (“GRI”) • Internaঞonal Sustainability Standard Board (“ISSB”) • Malaysian Code on Corporate Governance (“MCCG”) • Companies Act 2016 (“Act”) • ISO 31000 Risk Management – Principles and Guidelines • IFRS S1 - General Requirements for Disclosure of Sustainabilityrelated Financial Informaঞon • IFRS S2 - Climate related Disclosures Financial data has been assured by the Group’s external auditors, Messrs Ernst & Young PLT. 05 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025
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