62 MY E.G. SERVICES BERHAD Registration No. 200001003034 (505639-K) Members of the SWG comprise all Heads of Departments, who are primarily selected due to the close correlation between sustainability and each department’s operational functions at MYEG. The composition of the SWG may be revisited periodically, subject to consensus among existing members, to facilitate the discharge of its duties in the most effective and efficient manner. Additionally, the Group may extend invitations to other employees or executives within the company or seek the participation of external professional advisors or consultants in meetings, as necessary. SWG convenes several times each year, physically or virtually, to carry out its functions. Key responsibilities of the SWG include: Key SWG Responsibilities To develop, implement, monitor and review the strategies, plans and initiatives related to sustainability matters so as to ensure the Group’s sustainability objectives are met. To review and assess the adequacy and effectiveness of the Group’s sustainability strategies and measures against the relevant broader industry, national and international best practices. To be equipped with sufficient understanding and knowledge of sustainability issues that are relevant to the Group and its business, so as to discharge its role effectively. In this connection, where relevant and necessary, to identify and engage the expertise of external industry professionals for the provision of training, consultation or advice. To identify key areas for improvement related to the Group’s environment, social and governance performance, and ensure the necessary and relevant measures are executed in response. To stay updated on the key trends and developments, nationally or internationally, in relation to corporate environment, social and governance standards, best practices, regulations and laws, and to ensure risks and opportunities arising therefrom are adequately addressed. To ensure the Group’s sustainability performance and disclosures meet the standards required for inclusion in the key investment indexes and to achieve a satisfactory score by leading international rating bodies. In FY2023, the SWG governance structure was involved in the organisation and participation of an Integrated Reporting / sustainability reporting training and workshop (with a focus on TCFD, Bursa Malaysia and other international reporting guidelines). The agenda also included carrying out a new materiality assessment exercise as well as setting of relevant sustainability KPIs and targets at a granular level, with these targets aimed at helping MYEG realise the broader 2050 net zero target. The sustainability governance structure also adopted an updated Statement of Commitment to Addressing Climate Change Risks and Impact. MYEG has a dedicated Audit Committee (“AC”) and Risk Management Committee (“RMC”) which can be referred to the Group’s Corporate Governance Report (“CG Report”) or the Corporate Governance Overview and Corporate Governance Statement section of this report for more information. Our CG Report also covers detailed disclosures related to MYEG’s corporate governance and is available for download at https://www.myeg.com.my/investor-relations/reports-presentations. BOARD COMPOSITION MYEG cultivates a diverse range of top leadership perspectives within its Board composition, comprising qualified individuals with extensive experience, diverse knowledge and varied professional backgrounds. This robust Board diversity fosters the emergence of different viewpoints, contributing to a more robust and informed perspective that strengthens strategic decision-making and leadership capabilities. MYEG currently has approximately 30% of female representation on the Board with two female Board directors. The Board believes the current composition has the necessary skills and competencies to effectively discharge their duties and responsibilities, and has an annual evaluation that assesses the Board’s effectiveness. The Board will maintain a register of potential directors that includes high-calibre female candidates to be appointed when needed, to ensure it remains aligned with the Malaysian Code of Corporate Governance’s (“MCCG”) target of having at least 30% women directors on the Board for listed issuers. SUSTAINABILITY GOVERNANCE (cont’d) M b f h SWG i ll H d f D h i il l d d h l l i
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