CLIMATE ACTION Decarbonisation is not just a part of everyday conversation anymore and is increasingly becoming critical components of business strategy across all industries globally. Reducing the amount of carbon footprint is part of the broader sustainability agenda that is widely adopted by small to large organisations. In September 2022, Bursa Malaysia enhanced its sustainability reporting framework under the Main Market Listing Requirements which includes prescribed sustainability matters and indicators deemed material for all listed issuers on climate change related disclosures which includes a transition towards a low-carbon economy. In line with this the Group has taken various measures to ensure that its carbon footprint is reduced. One of its significant initiatives is to have installed solar PV panels on its corporate office roof to shift its energy consumption in a more sustainable manner. After the commissioning of the panels, the building’s reliance on solar power was 58% of the total power consumption for the building which translated to 104.40 MWh of solar energy. The remaining 42% of power was supplied by the grid. Since the commissioning of the panels, the Group’s CO2 emissions were reduced by 291 tonnes which is equivalent to saving 117.88 tonnes of standard coal and planting 15,883 trees. Destini is committed to ensuring that its growth initiatives are equally matched with the efforts to mitigate its impact on the environment. The Group closely monitors climate risks that may impact its ability to create longterm sustainability. As the demand for the transition for cleaner energy gathers pace, Destini will adapt to the current shift while it simultaneously looks for new business opportunities from the RE industry. STRENGTH IN GOVERNANCE The strength of an organisation is not measured by only its financial position but also its commitment to robust corporate governance. Many policies have been put in place to ensure that Destini and its Board members support the best practices of corporate governance. Policies that have been tightened and put forward are as such: → Directors’ Fit and Proper Policy 2022 → Anti-Bribery and Anti-Corruption Policy 2020 → Terms of Reference of Risk Management Committee 2020 → Corporate Governance Report 2020 → Terms of Reference of Audit Committee 2022 → Terms of Reference of Nomination and Remuneration Committee 2020 → Whistle Blowing Policy 2022 → Code of Ethics and Conduct 2019 → Board Charter 2022 → Environmental, Social and Governance Policy 2019 These policies are an indicator of proactive steps the Group has taken to ensure strong internal controls for a sustainable and continuous business environment. MOVING FORWARD Destini foresees another challenging year ahead as geopolitical tensions continue and policy makers tighten fiscal measures as the risk of global inflation rises. Against this backdrop, the Group could see pressures on its operating environment. To ensure that Destini’s businesses remain sustainable, the Group will maintain its focus on strengthening its foundation and competitive strength to ensure it remains sustainable and to ensure that it is able to service its clients as promised. PERFORMANCE 39 ANNUAL REPORT 2022 DESTINI BERHAD
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