97 SUSTAINABILITY STATEMENT ENVIRONMENTAL CLIMATE CHANGE AND EMISSIONS MYEG recognises that its primary business model of delivering electronic Government and commercial services is HFOFSBMMZ OPU EJSFDUMZ BGGFDUFE CZ DMJNBUF DIBOHF JTTVFT BOE UIBU JUT CVTJOFTT NPEFM JT BMTP OPU SFTPVSDF JOUFOTJWF JO terms of energy and other natural resource consumption and therefore does not significantly impact the environment. .:&( SFDPHOJTFT UIF SJTLT BOE PQQPSUVOJUJFT QPTFE CZ DMJNBUF DIBOHF BOE FOWJSPONFOUBM GBDUPST FWFO GPS UFDIOPMPHZ CBTFE CVTJOFTTFT XJUI MFTT FYUFOTJWF FYQPTVSF UP QIZTJDBM JOQVUT BOE SBX NBUFSJBMT 3JTJOH UFNQFSBUVSFT áBTI áPPET BOE PUIFS BEWFSTF XFBUIFS DPOEJUJPOT DBO JNQBDU .:&( T QIZTJDBM QSFTFODF JO JUT PQFSBUJOH NBSLFUT JODMVEJOH QPUFOUJBM EJTSVQUJPOT UP NPWFNFOU PG QFSTPOOFM XIJDI JO UVSO NBZ BGGFDU TFSWJDF EFMJWFSZ MFWFMT 5IJT JT XIZ DMJNBUF DIBOHF JT DPOTJEFSFE B TJHOJàDBOU BOE NBUFSJBM DPODFSO GPS .:&( HJWFO JUT QPUFOUJBM JNQBDUT PO UIF FOWJSPONFOU DPNNVOJUZ BOE PUIFS WBMVFE TUBLFIPMEFST 5IF (SPVQ SFNBJOT DPNNJUUFE UP NJUJHBUJOH JUT FOWJSPONFOUBM GPPUQSJOU UP SFEVDF UIF BDUVBM JNQBDUT BOE QPUFOUJBM UISFBUT PG DMJNBUF DIBOHF FTQFDJBMMZ XIFO JU DPNFT to the Group’s consumption of electricity and production of emissions. "T QBSU PG UIJT DPNNJUNFOU .:&( JT BDUJWFMZ DIBNQJPOJOH UIF VTF PG EJHJUBM EPDVNFOUT UP SFQMBDF QIZTJDBM EPDVNFOUT UIVT SFEVDJOH UIF OFFE GPS QIZTJDBM EFMJWFSJFT BOE DPOTFRVFOUMZ EFDSFBTJOH GVFM VTBHF 8IJMF UIF (SPVQ SFDPHOJTFT UIBU UIF BEPQUJPO BOE BDDFQUBODF PG EJHJUBM EPDVNFOUT CZ VTFST XJMM CF B HSBEVBM QSPDFTT PWFS UJNF JU has taken significant steps in this direction. A major milestone in this journey is the roll-out of MYEG’s blockchain JOGSBTUSVDUVSF XIJDI QSPWJEFT B TFDVSF BOE FGàDJFOU NFDIBOJTN UP FOBCMF UIF EJHJUBMJTBUJPO PG EPDVNFOUT *O WJFX PG UIF BCPWF .:&( T #PBSE PG %JSFDUPST BOE 4FOJPS .BOBHFNFOU BSF DPHOJTBOU PG UIF JODSFBTJOH SJTLT QPTFE CZ DMJNBUF DIBOHF BOE UIF JNQPSUBODF PG NPOJUPSJOH NBOBHJOH NJUJHBUJOH BOE SFEVDJOH TVDI SJTLT JO B TUSBUFHJD BOE PSEFSMZ NBOOFS 5IFSFGPSF UIF (SPVQ JT TUSVDUVSFE JO B XBZ UIBU HJWFT UIF #PBSE LFZ PWFSTJHIU PWFS QPMJDJFT BOE Management of the climate change considerations. *O UIF GVUVSF UIF #PBSE NBZ BMTP DPOTJEFS MJOLJOH SFNVOFSBUJPO UP UIF BDIJFWFNFOU PG DMJNBUF DIBOHF BOE PUIFS sustainability targets via additional incentive-based remuneration. This will be further discussed by the Board. .:&( T NBJO BQQSPBDI JO BEESFTTJOH DMJNBUF DIBOHF JT CBTFE PO 5$'% T QJMMBST XIJDI BSF Governance Establishing the necessary leadership oversight for climate change, including Board and Senior Management’s roles in addressing climate change impacts on the business model. Strategy Formulate effective strategies and deploying necessary resouces towards reducing energy consumption and emissions across Scopes One, Two, and Three; which may include a progressive adoption of renewable energy (“RE”); This includes leveraging blockchain technologies to develop products and solutions that would facilitate the reduction of carbon footprints across business sectors and in society. Risk Management For the Group to disclose how it identifies, assesses, and manages climate-related risks including physical, transitional, legal and reputational risks and how climate risks are integrated into the overall risk management framework. Metrics and Targets Setting supportive business / operational KPIs and targets to measure related performance towards the realisation of MYEG’s Zero Carbon by 2050 goal. MATERIALITY MATTERS (cont’d)
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