74 SUPPLY CHAIN GOVERNANCE AND COMPLIANCE MYEG is committed to eradicating any elements of corruption not only within its own organisation but also across UIF (SPVQ T TVQQMZ DIBJO 5IF TVQQMZ DIBJO JOWPMWFT WBSJPVT QBSUJFT JODMVEJOH WFOEPST TVQQMJFST DPOUSBDUPST BOE BHFOUT 5P FOTVSF UIBU QBSUJDJQBOUT JO UIF TVQQMZ DIBJO DPNQSFIFOE .:&( T "#"$ QPMJDJFT B $PEF PG #VTJOFTT &UIJDT - Acknowledgement and Declaration form is mandated. Third-party business partners are required to comply with and TJHO UIJT GPSN SFJOGPSDJOH UIFJS DPNNJUNFOU UP VQIPME .:&( T "#"$ TUBOEBSET More safeguards are also in place to further reinforce MYEG’s ABAC policy: r 5IF (SPVQ FTUBCMJTIFE B 7FOEPS &WBMVBUJPO $PNNJUUFF UIBU TQFDJàDBMMZ GPDVTFT PO DPSSVQUJPO XJUIJO UIF TVQQMZ chain. r -PHJTUJDT PGàDFST JOWPMWFE JO IBOEMJOH SPBE UBYFT BOE GPSFJHO XPSLFS QFSNJUT BSF BMTP QVU UISPVHI FYUFOTJWF ABAC Policy training. r .:&( BMTP NBLFT QFSJPEJD BVEJUT PO TVQQMZ DIBJO QBSUOFST BOE BOZ FOUJUZ XJUIJO UIF DIBJO UIBU JT GPVOE OPU complying with MYEG’s ABAC Policy will be blacklisted and restricted in terms of access to MYEG. In some DBTFT DPOUSBDU UFSNJOBUJPO BOE MFHBM BDUJPO NBZ CF UBLFO r *ODMVTJPO PG UIF SFRVJSFNFOU GPS BU MFBTU UISFF RVPUBUJPOT UP CF PCUBJOFE GPS BMM CVTJOFTT USBOTBDUJPOT and all business contracts under MYEG are required to attach the official copy of MYEG’s ABAC Policy. Acknowledgement of this document is mandatory to ensure business partners are fully against corrupt practices and MYEG can continue to maintain good corporate governance. r 5IF (SPVQ T UFOEFS QSPDFTT BMTP JOWPMWFT (SPVQ SFQSFTFOUBUJWFT WJTJUJOH WFOEPST CVTJOFTT QSFNJTFT XIFO JU JT necessary and feasible to do so. 'PS .:&( B XJEF SBOHF PG EJGGFSFOU BDUT GBMM VOEFS UIF DBUFHPSZ PG XIBU JT EFFNFE B DPSSVQU QSBDUJDF &YBNQMFT JODMVEF FMFNFOUT PG CSJCFSZ HJGUT SFDFJWJOH GBWPVST PG BOZ LJOE NJTVTF PG QPXFS UIFGU GSBVE GPSHFSZ PG EPDVNFOUT NPOFZ MBVOEFSJOH CMBDLNBJM VTJOH JOTJEFS JOGPSNBUJPO GPS QFSTPOBM HBJO BOE TP GPSUI .:&( T QPMJDJFT BMTP BEESFTT &4( GBDUPST TVDI BT BOUJ DPSSVQUJPO DIJME MBCPVS GPSDFE MBCPVS PDDVQBUJPOBM TBGFUZ BOE IFBMUI iOSHu NJOJNVN XBHF HFOEFS BOE SBDJBM EJTDSJNJOBUJPO FRVBM PQQPSUVOJUJFT FYDFTTJWF XPSLJOH IPVST DPMMFDUJWF CBSHBJOJOH GSFFEPN PG BTTPDJBUJPO FOFSHZ VTF DMJNBUF DIBOHF JNQBDUT XBUFS BOE SFTPVSDF VTF CJPEJWFSTJUZ JNQBDUT XBTUF NBOBHFNFOU and notable environmental issues. 5IF (SPVQ IPMET B àSN TUBODF PO JUT "#"$ QPMJDZ BOE BOZ OPO DPNQMJBODF XJMM OPU CF BDDFQUFE HJWFO UIBU BMM QBSUJFT have been provided with pertinent knowledge of the Group’s policies. Any breach of MYEG’s policies will be subjected to appropriate consequences and actions being taken. IDENTIFICATION OF HIGH-RISK SUPPLIERS .:&( DPOTJTUFOUMZ BOE EJMJHFOUMZ JEFOUJàFT IJHI SJTL TVQQMJFST XJUIJO JUT TVQQMZ DIBJO JG BOZ UISPVHI BO BOOVBM BOBMZTJT UIBU DPOTJEFST GBDUPST TVDI BT UIF TVQQMJFST QVSDIBTF WBMVF DSJUJDBM JUFN TVQQMJFST BOE TPMF TVQQMJFST )JHI SJTL TVQQMJFST BSF JEFOUJàFE EVF UP UIF OBUVSF PG JUFNT UIFZ BSF TVQQMZJOH TVDI BT *5 IBSEXBSF BOE TPGUXBSF LJPTLT BT XFMM as renovation and maintenance works. The Group conducts its yearly Vendor Performance Evaluation on suppliers with a purchasing value that contributes 80% or more of annual purchases. This is done to ensure the consistent supply from major suppliers and the overall supply chain continues smoothly and with integrity. Data on MYEG’s suppliers’ assessments for the past three years are as follows: FY2022 FY2023 FY2024 /VNCFS PG TVQQMJFST TDSFFOFE BVEJUFE GPS HPPE &4( QFSGPSNBODF 72 59 74 r /VNCFS PG TVQQMJFST BTTFTTFE GPS FOWJSPONFOUBM JNQBDUT 72 59 74 r /VNCFS PG TVQQMJFST BTTFTTFE GPS TPDJBM JNQBDUT 72 59 74 Number of suppliers removed from procurement list or cautioned for poor ESG performance Nil Nil Nil /VNCFS PG TVQQMJFST FOEPSTFE VOEFS "OUJ #SJCFSZ "OUJ $PSSVQUJPO policies 72 59 74 SUSTAINABILITY GOVERNANCE (cont’d)
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