strategies employed – risks and opportunities identification MATERIAL TOPIC RISKS AND OPPORTUNITIES TYPE/ NATURE OF/ LIKELIHOOD RISK/ IMPACT SEVERITY AND TIMEFRAMES ISSB AND SASB DISCLOSURES Occupational Safety and Health (“OSH”) Risks Excellent OSH performance is vital towards reducing disrupঞon at all operaঞonal sites, which can impact ঞmely compleঞon of projects. Prevenঞon of OSH incidents is also important towards avoiding damages which can lead to financial loss, higher insurance premiums and loss of operaঞonal man-days. Branding and reputaঞon can also be affected as well as the ability to recruit site workers. C/G ST OP PS RS3 LT IL3 Number of fataliঞes: 0 Number of loss ঞme incidents: 3 Number of incidents for (a) direct employees: 2 (b) contract employees: 1 Loss Time Incident Rate (“LTIR”): 1.1 Loss ঞme Incidents Frequency rate (“LTIFR”): 0.5 Total number of hours lost due to stop work orders: Nil Opportunities Conঞnued focus on OSH can lead to cost and operaঞonal efficiencies across the value chain. It contributes to improved morale among workers, which reduces ariঞon rates and also strengthens the Group’s reputaঞon, parঞcularly among regulatory stakeholders. Best pracঞces applied can also be shared with industry peers through industry bodies towards elevaঞng the collecঞve standards of property and construcঞon players. ST OP PS IL3 Matrix’s governance of OSH is driven by ensuring a conঞnued high level of compliance with the following: • Occupaঞonal Safety & Health Act (“OSHA”) 1994 With Regulaঞons • MS 1722: Occupaঞonal Safety & Health (“OSH”) Management System • OHSAS 45001: Occupaঞonal Safety & Health (“OSH”) Management System • Occupaঞonal Safety Health Environment (“OSHE”) Management • Group Health and Safety Policy. The policy covers all employees and extends to workers, employed on sites owned or controlled by Matrix. OSH comes under the purview of the Board and Senior Management, with OSH commiees established at all operaঞonal sites. Workers are represented on OSH commiees. The Board closely reviews OSH related data including data on leading and lagging indicators i.e. Unsafe Act Unsafe Condiঞons (“UAUCs”), LTIs, injury and incidence rates and fataliঞes, if any. Directors and Management may visit sites where incidents have occurred to obtain first-hand informaঞon and details. As in previous years, the Board has reviewed informaঞon pertaining to OSH as per the following: • Health, Safety and Environment (“HSE”) management system performance • Legal compliance and HSE contractual requirements • OSH training and awareness • Environmental and sustainability requirement • Emergency Response and Preparedness, this includes Business conঞnuity planning, crisis management and disaster recovery systems. Matrix implements the best pracঞce Hazard Idenঞficaঞon, Risk Assessment, and Risk Control (“HIRARC”) system towards prevenঞng OSH incidents and ensuring a higher standard at all operaঞonal sites. The approach includes toolbox and safety kit meeঞngs, use of both lagging and leading indicators and other prevenঞve and precauঞonary approaches to prevenঞng OSH incidents. Matrix also has implemented the CIDB recommended Safety and Health Assessment System in Construcঞon (“SHASSIC”). SHASSIC is an independent method to assess and evaluate the safety and health performance of a contractor in construcঞon works/projects. Further details on Matrix’s governance structure and risk management approach for OSH is provided in SR2025. Thus far, Matrix has not incurred any costs in relaঞon to OSH incidents in FY2025. The Group has also not made any provisions for fines in relaঞon to accidents, injuries or OSH non-compliance. 96 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025 05 VALUE CREATION STRATEGIC REVIEW
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