75 SUSTAINABILITY STATEMENT 4VQQMJFST BSF BTTFTTFE PO UIFJS DPOUSBDU UFSN BOE TQFDJàDBUJPO DPNQMJBODF QSJDF DPNQFUJUJWFOFTT UJNFMJOFTT PG UIFJS XPSL QSPGFTTJPOBMJTN DVTUPNFS TFSWJDF DPNNVOJDBUJPO BOE BDDFTTJCJMJUZ QSPNQU BOE FGGFDUJWF DPSSFDUJPO of situations and conditions as well as documentation and records received in a timely manner. Suppliers are also subjected to product quality assessment and customer satisfaction surveys. 0CUBJOJOH UIF NPTU DPNQFUJUJWF QSJDF JT EPOF UISPVHI B QSJDF DPNQBSJTPO FYFSDJTF XIJDI BMMPXT .:&( UP DPNQBSF BOE DPOUSBTU UIF EJGGFSFOU QSJDFT BWBJMBCMF PO UIF NBSLFU 5P GVSUIFS FOTVSF UIF QSJDF PCUBJOFE JT UIF NPTU DPTU FGàDJFOU purchases go through multiple levels of approval from Management before approval. *O BEEJUJPO UP BOOVBMMZ DPOUJOVJOH UIF (SPVQ T 7FOEPS 1FSGPSNBODF &WBMVBUJPO .:&( BMTP DMPTFMZ NPOJUPST JUT TUPDL levels by reviewing stock reports on a weekly basis and is constantly on standby to buffer its stock. The Group continuously expands its sourcing strategy in order to source for backup suppliers to work with. NUMBER OF SUPPLIERS AUDITED ANNUALLY .:&( T CFTU QSBDUJDF JO TVQQMJFS BVEJUT JT UP BMXBZT BVEJU JUT TVQQMJFST FTQFDJBMMZ OFX TVQQMJFST BU BO BWFSBHF PG POF supplier per month. MYEG began carrying out on-site physical audits ever since all economic sectors reopened post-pandemic. Starting GSPN ': .:&( BJNT UP DPOEVDU BU MFBTU QIZTJDBM TJUF BVEJUT PG TVQQMJFST BOOVBMMZ These supplier audits continue to be supported by the annual Vendor Performance Evaluation on top-ranking suppliers and regular-purchase suppliers. MYEG evaluates performances of top suppliers that contributed 80% or more of annual purchases. DUE DILIGENCE ON NEW AND EXISTING SUPPLIERS MYEG conducts due diligence on both new and existing suppliers. The Group mandates that all new vendors DPNQMFUF UIF /FX 7FOEPS 3FHJTUSBUJPO GPSN SFRVJSJOH UIFN UP EFDMBSF UIFJS BEIFSFODF UP "#"$ TUBOEBSET 5IJT due diligence process is conducted regularly to verify and ensure that MYEG’s suppliers consistently align with the regulatory standards set by the Group. 0O "#"$ DPNQMJBODF .:&( BMTP CSJFGT DPNNVOJDBUFT BOE TFFLT UIF WFOEPS T DMFBS BDLOPXMFEHFNFOU BOE commitment to comply with the Group’s ABAC Policy as well as obtaining their declaration and acknowledgement of MYEG’s Code of Business Ethics. Vendors who are non-compliant will be immediately phased out of MYEG’s supply chain. 5IF (SPVQ BMTP FWBMVBUFT QPUFOUJBM WFOEPST DPNQBOZ CBDLHSPVOE GSPN UIFJS àOBODJBM SFQPSU BOE PS BOOVBM SFQPSU UP JEFOUJGZ UIFJS àOBODJBM TUSFOHUI BOE DBQBCJMJUJFT *O BEEJUJPO UIF (SPVQ DPOEVDUT TJUF WJTJUT UP WFOEPS T QSFNJTFT BT XFMM BT SFWJFX WFOEPST DVTUPNFS SFGFSFODFT QBTU QSPKFDU USBDL SFDPSET CVTJOFTT MJDFOTJOH JODMVEJOH DFSUJàDBUJPO PO RVBMJUZ TZTUFN BOE FOWJSPONFOUBM GSPN JOEFQFOEFOU BVUIPSJUJFT 5IFTF TUFQT BSF VOEFSUBLFO UP HBSOFS B NPSF IPMJTUJD view of their business operations. SUPPLIERS’ ESG PERFORMANCE MYEG ensures that its new and existing suppliers meet the Group’s standards of ESG compliance and performance. 5IF (SPVQ FOTVSFT UIBU JO JUT TVQQMJFS BTTFTTNFOU JUT TVQQMJFST DPNQMZ XJUI UIF SFMFWBOU &4( QPMJDJFT BOE QSJODJQMFT UIBU UIF (SPVQ BEIFSFT UP TVDI BT QPMJDJFT PO DIJME MBCPVS GPSDFE MBCPVS "#"$ 1PMJDZ 04) 1PMJDZ NJOJNVN XBHF HFOEFS BOE SBDJBM OPO EJTDSJNJOBUJPO FRVBM PQQPSUVOJUZ MBCPVS MBXT PO XPSLJOH IPVST FOFSHZ VTBHF XBTUF NBOBHFNFOU BT XFMM BT PUIFS SFMBUFE TPDJBM PS FOWJSPONFOUBM JTTVFT BOE QPMJDJFT 'PS ': B UPUBM PG TVQQMJFST (FY2023: 59 suppliers) had been assessed under these social and environmental impacts. MYEG also makes sure that suppliers and vendors have or obtain relevant supporting documents and certifications for TVQQMJFST XIJDI BSF BMTP B LFZ GBDUPS JO EFUFSNJOJOH PVS TVQQMJFST &4( QFSGPSNBODF SUSTAINABILITY GOVERNANCE (cont’d)
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