Risk Management Framework (Cont’d) The Group recognises the importance of managing its business operations in a sustainable and responsible manner to ensure long-term sustainability. In this respect, the Group adopts good agricultural practices for its oil palm plantation. We have implemented the integrated drainage system with stoppers to retain rainwater during dry seasons and canals to discharge excess rain water during wet seasons to mitigate the impact towards our FFB yields due to adverse weather conditions. To manage the risk of malware, ransomware, unauthorised access and/or loss of data, the Group has put in place measures to protect the confidentiality and integrity of its data and information technology (IT) infrastructure. Amongst others, firewall system, manage and monitor network traffic and accessibility to the Group’s systems: anti-virus and malware software installed in all systems, regular data backup and encryption to protect critical and confidential data. Regular maintenance of the Group’s IT systems were carried out and action taken to close any identified gaps. Sustainability Risk from Climate Change Cybersecurity Risk The Board with the assistance of the Audit Committee, RMC and Internal Audit team have continuously review existing risks and identify new risks that the Group faces and management action plans were put in place to manage the risks. To further enhance the risk management process within the culture of the Group, review of existing risks and identification of new risks is also conducted annually with involvement of selected management staff. In additions, nominated key management personnel in each business unit have prepared action plans were put in place to address key risks and control issues highlighted by the Internal Audit team. During the financial year ended 30 September 2024, the RMC has: (a) reviewed management action plans presented by the nominated key management of certain business units of the Group; (b) reviewed the Group’s quarterly financial and non-financial performances measured against the approved budget with major variances being reviewed and management actions taken as necessary; (c) r eported its findings on major issues relating to risks and risk management to the Audit Committee on quarterly basis which then reports to the Board; (d) reviewed new property development projects and business investment in the subsidiaries; (e) reviewed quarterly the property development outlook with appropriate product differentiation and pricing to suit the market demand; and (f) monitored financial performances and the progress of corrective actions/implementation for highlighted issues. Sustaining Lives, Empowering Communities Governance That Inspires Confidence Financial Insights Through Numbers Empowering Ownership PG. 145
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