SUSTAINABILITY STATEMENT MATERIALITY MATTERS (cont’d) Zetrix AI’s complete IFRS S2 Climate-Related Disclosures can be found on page 144. The Group’s climate-related commitments, initiatives, risks and opportunities, targets and more are further fortified by the establishment of Zetrix AI’s Statement of Commitment to Addressing Climate Change Risks and Impacts, which fully outlines our climate change agenda. Please refer to the full statement for more details, which can be read under the “Sustainability” subsection at https://www.zetrix.com/investor-relations/governance. CARBON REDUCTION MILESTONES AND TARGETS Zetrix AI maintains its commitment to the target of Net Zero Carbon (“NZC”) by 2050. In line with its NZC commitment, Zetrix AI is reviewing all aspects of its business model and operations towards realising the set target as shown here: 50% Carbon Reduction by 2035 Zero Carbon 2050 Managing and mitigating climate change impacts as well as initiating any related targets, policies and plans are aligned with the following frameworks and guidelines: • United Nations Sustainable Development Goal 13: Climate Action • Bank Negara Malaysia: Climate Change and Principle-based Taxonomy • Global Compact Malaysia (MyClimate Action Guide) • Malaysian Government’s National Policy on Climate Change • International Financial Reporting Standards (IFRS) S2 Additionally, the Group is committed to further aligning its management approach towards setting up and accomplishing relevant climate change KPIs. These include: KPI METRIC RATIONALE Fuel Consumption Intensity Emissions attributed to fuel consumption (Tonnes CO2e)/revenue Fuel consumption results in the production of vehicle emissions that include air pollutants and GHG which contribute to climate change. Any expansion of delivery fleets will be cognisant of the need to set KPIs to limit and monitor the overall fuel consumption, and at the same time, reduce Zetrix AI’s negative impact on the environment. Electricity Consumption Intensity Total electricity consumption (in MWh) per annum excluding electricity generated from RE/revenue per annum Zetrix AI’s primary source of energy consumption is electricity and that is why it is deemed the most material to the Group. By setting targets for electricity consumption and implementing energy efficiency initiatives, the Group can reduce the fossil fuels burned to generate electricity and limit GHG emissions. Scope One Emissions Intensity Emissions attributed to fuel consumption (Tonnes CO2e)/revenue By setting targets for Scope 1 emissions, The Group can collectively work towards reducing direct emissions from sources owned by the Group, which include emissions produced from our facilities and vehicles. Additionally, to minimise the risk from carbon pricing mechanism. Scope Two Emissions Intensity Emissions attributed to electricity consumption (Tonnes CO2e)/revenue By setting targets for Scope 2 emissions, Zetrix AI can focus on reducing the indirect emissions produced by the Group. This involves forms of purchased energy. For Zetrix AI, this would primarily involve electricity and other indirect energy consumed by the Group. The Group perceives innovation as pivotal to discovering solutions for decarbonisation. Consequently, there is an intention to harness Web3 + AI technologies as a crucial facilitator in achieving a carbon-free future. This commitment extends beyond the Group’s own businesses, aiming to contribute to the broader national and global efforts towards sustainability. 110
RkJQdWJsaXNoZXIy NDgzMzc=