ANNUAL REPORT 2025 OUR PERSPECTIVE 31 STRIDING TOWARDS SUSTAINABILITY At NexG, we believe that success is not just about financial growth, but also about creating a positive, lasting impact on society. In 2022, we introduced LIFE (Longevity + Impact + Future + Environment) as our motto in approaching sustainability. Since then, the Group has made major strides towards our sustainability goals. In December 2023, NexG became a constituent of the FTSE4Good Index Series, which measures the performance of companies demonstrating strong Environmental, Social and Governance (“ESG”) practices. Created by global index provider FTSE Russell, the FTSE4Good Index helps investors assess companies’ ESG practices across a wide range of sustainability issues. In FY2025, NexG’s FTSE Russell ESG rating improved to 3.6 from 3 in FY2024 and 2.5 in FY2023. This achievement is a testament to our commitment to ESG across the Group. Chairman’s Statement (Cont’d) People globally without official ID No digital identity record 850 1.1 million people billion people EMBRACING DIGITAL TRANSFORMATION NexG continues to remain at the forefront of delivering value to our stakeholders and supporting Malaysia’s digital economy aspirations. Malaysia is undergoing rapid digital transformation, driven by the Government’s Malaysia Digital Economy Blueprint (“MyDIGITAL”). MyDIGITAL aims to transform the country into a digitally-driven, high-income nation and a regional leader in the digital economy by 2030. A key component of MyDIGITAL is the National Digital ID initiative or MyDIGITAL ID. As the current supplier of the National Identity Card and Passport, we are positioned to play a pivotal role in the National Digital ID initiative, leveraging our expertise in secure identity solutions. Beyond Malaysia, demand for digital identity systems and broader digital transformation continues to grow. Take the Digital ID sector, for instance. According to estimates from the World Bank, approximately 850 million people around the world do not have an official ID. Many more do not have digitally verifiable identification, with at least 1.1 billion people who do not have a digital record of their identity. The benefits of Digital IDs are substantial and wide-ranging. For individuals, a Digital ID could prevent statelessness, unlock eligibility to targeted government aid and improve access to employment opportunities. Digital IDs could also improve access to financial services; i.e. through streamlined e-KYC systems. For both governments and the private sector, Digital IDs can deliver cost savings, improve efficiency and security and reduce fraud. Governments will be able to digitalise tax collection systems, deliver more effective and targeted subsidies and maintain trustworthy and accurate voter registry systems. To capitalise on these vast opportunities, NexG has embarked on a transformation plan that will see us emerge as a leader in physical and digital identity markets, both in Malaysia and beyond. NexG also reaffirmed our dedication to Corporate Social Responsibility (“CSR”) by contributing Zakat Korporat amounting to RM1,008,085.00 during the Ramadan Madani MAIWP: Majlis Iftar Bersama Asnaf 2025. The event, organised by Majlis Agama Islam Wilayah Persekutuan (“MAIWP”) at Dewan Perdana Felda, Kuala Lumpur, was graced by Minister of Religious Affairs, YB Senator Dato’ Setia Hj Mohd Na’im Mokhtar. By working with institutions like MAIWP, we aim to extend our reach beyond business operations and contribute meaningfully to those in need.
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