My EG Services Berhad Annual Report 2023

RISING SOCIAL CONCERNS r *O .BMBZTJB SJTJOH DPODFSO PO MBCPVS BOE IVNBO SJHIUT IBWF MFE UP HSFBUFS GPDVT BOE TDSVUJOZ CZ HPWFSONFOUT investors and also customers on the conduct of businesses with regard to fair treatment of workers. r 8FMMCFJOH PG GPSFJHO XPSLFST SFNBJOT B NBKPS UPQJD PG EJTDVTTJPO XJUIJO UIF QVCMJD TQIFSF XJUI TUBLFIPMEFST calling for better protections to be accorded. Increasingly, the focus is not just on the conduct of the business but extends to the performance of the business’ supply chains. Risks r 5IF SJTJOH DPODFSOT NBZ JNQBDU UIF JOáPX PG GPSFJHO XPSLFST UP .BMBZTJB BOE UIJT NBZ SFTVMU JO B EFDSFBTF JO permit renewals as well as occupancy rates of foreign worker dormitories. Opportunities r *ODSFBTFE GPDVT CZ TUBLFIPMEFST JODMVEJOH TUSPOHFS FOGPSDFNFOU CZ BVUIPSJUJFT XPVME QSPWJEF JODSFBTFE requirements for improvement in workers’ accommodation, healthcare and other aspects. This provides opportunities for MYEG to offer related services and facilities. Business Strategies r 5P FOTVSF BMM GPSFJHO XPSLFS EPSNJUPSJFT BSF DFSUJàFE CZ UIF -BCPVS %FQBSUNFOU PG .BMBZTJB XFMM BT UP FOTVSF labour and human rights principles are upheld at all times. Significant Capitals r "MMPDBUJPO PG àOBODJBM DBQJUBM UP VOEFSUBLF SFMBUFE QSPKFDUT EFWFMPQNFOU PG IVNBO DBQJUBM UP FOTVSF OFDFTTBSZ competencies and proficiency for successful project execution. Strengthening of brand reputation (social capital) by undertaking projects / providing services related to ensuring the rights of workers are upheld. INCREASING CARBON / CLIMATE CHANGE FOCUS r 1PTU $01 BOE XJUI UIF MBVODI PG UIF *'34 4 TUBOEBSET UIF XPSME JT BDDFMFSBUJOH JUT QJWPU UPXBSET BDIJFWJOH net zero carbon status, notably by 2050. r 5IJT OFDFTTJUBUFT B NBKPS TIJGU BDSPTT OBUJPOT JOEVTUSJBM TFDUPST BT XFMM BT DPNQBOJFT UP SFUIJOL UIFJS QSFTFOU energy consumption requirements and to adopt decarbonisation. Risks r 'BJMVSF UP BEPQU FGGFDUJWF TUSBUFHJFT XPVME NFBO FYQPTVSF UP B XJEF SBOHF PG USBOTJUJPOBM DMJNBUF SJTLT TVDI BT cost associated with pursuing energy efficiency as well transitioning to renewable energy (“RE”), costs associated with increased compliance and reporting obligations, including compliance to aspirations of institutional investors. Opportunities r 8JUI JODSFBTJOH VSHFODZ BNPOH HMPCBM TUBLFIPMEFST UP BDIJFWF DMJNBUF HPBMT DBSCPO SFEVDUJPO UBSHFUT UIFSF BSF calls for greater digitalisation of conventional processes that are inefficient and resource-dependent. Traceability and verification of sustainable products is also a topic of interest. r 4BWJOHT JO FOFSHZ DPTU OPUBCMZ FMFDUSJDJUZ DPTUT BT USBOTJUJPO UP TPMBS BOE PUIFS BMUFSOBUJWFT UP NJOJNJTF UIF effects of rising electricity tariffs. MATTERS IMPACTING VALUE CREATION (cont’d) 44 MY E.G. SERVICES BERHAD Registration No. 200001003034 (505639-K)

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