UEM EDGENTA BERHAD ANNUAL REPORT 2021 1 2 3 4 5 6 7 KEY MESSAGES 23 22 As the global economic recovery gathers pace in 2022, on the back of transitioning to an endemic phase, our global expansion strategy will be executed in earnest by integrating facilities management with technology through IoT and realtime analytics, while actively positioning ESG solutions as our key competitive advantage in our target growth markets. The Group’s EoTF2025 strategy promises a greater focus on our solutions base and continued expansion into international markets in our pursuit to transform ourselves to becoming a leading technology-based solutions Company by the year 2025. Increased emphasis on the importance of ESG in our strategies will bolster our fundamentals and lead us towards a path of sustainable growth. We will be commercialising more technology solutions such as SaaS and Platform-as-a-Service (“PaaS”) with our array of Artificial Intelligence (“AI”) solutions as a differentiator and disruptor. Prime examples of the adoption of our solutions can be seen in the development of the smart facilities management systems for the Integrated Building Command Centre (“IBCC”) at KLCC. IBCC was designed modularly to monitor and control energy management, life and safety, and vertical transportation. In Healthcare Support, we have implemented BEMS IoT to track asset movement and utilisation, in addition to leveraging on mechanisation and robotics to increase productivity in service delivery. On Infrastructure Services, the Group will be actively pursuing opportunities in Sabah and Sarawak as part of our Pan Malaysia expansion strategy, in addition to exploring opportunities in neighbouring countries, including Indonesia’s East Kalimantan capital city development. With the successful trial of the recycled pavement product developed inhouse, we are building a Recycled Asphalt Premix (“RAP”) plant, hence reducing waste and its consequent use natural resources, whilst also lowering our emissions that will enable us to utilise sustainable products in our road pavement projects. I look forward to the future with confidence as UEM Edgenta delivers on its vision of Optimising Assets to Improve Lives. I truly believe that through our focus on transforming our technology base towards the needs of the industry, backed by the commitment of our talented colleagues and the financial strength of our business, the Group is well placed to deliver high-quality, sustainable growth to all stakeholders in our ecosystem. CHAIRMAN’S STATEMENT CHAIRMAN’S STATEMENT projects in the State of Sarawak. This strategic partnership serves as an anchor to our Pan Malaysia Strategy for Infrastructure Solutions and is expected to support the development of the State’s local engineering expertise. In broadening our integrated healthcare solutions, the Group took a leading position and proactively supported the Government’s efforts in combating the pandemic through a wide range of pandemic management solutions, ranging from the construction of 14 Field Hybrid Intensive Care Units (“ICU”) to assist the MoH in relieving pressure on the Nation’s ICU capacity, conversion of our private COVID-19 Assessment Centre (“CAC”) to a private Vaccination Centre (“PPV”) in support of the National COVID-19 Immunisation Programme and the deployment of Radio-frequency Identification (“RFID”) digital tracker and Home Quarantine Monitoring System for the tracking and monitoring of inbound travellers by the MoH. Additionally, through our Biomedical Engineering Maintenance Services (“BEMS”), we successfully assisted MoH to replace 20 units of medical equipment through the Replacement-ThroughMaintenance programme (“RTM”). DRIVING THE SUSTAINABILITY AGENDA Our commitment to sustainability has never been greater. We recognise that in order to remain relevant and self-sustaining, preserving our core business must remain a priority. To protect the core elements of our existence, we have started taking a measured approach in tackling sustainability issues prevalent to our business and industry. This year we produced the fourth edition of our Sustainability Statement. It describes how we craft our very own sustainability story and path at UEM Edgenta, underpinned by environmental, economic and social commitments. I am proud to note that in December 2021, we kick started a project to improve our sustainability reporting practices and develop an Environmental, Social, and Governance (“ESG”) roadmap for UEM Edgenta. Some of the work undertaken is demonstrated through enhancements we have incorporated in our Sustainability Statement. The Statement carried elevated levels of disclosures to better communicate how we approach sustainability, how we engage with our valued stakeholders and the work we have done in making our business more viable. We interact with a multitude of stakeholders, and through these interactions, we have become cognisant of the various matters that our stakeholders deem as important for us to address when delivering our services. I am pleased to communicate with our stakeholders that in December 2021 as part of our ESG roadmap project, we undertooks an initiative to analyse the internal and external matters that matter most to our business operating environment. We prioritised these matters into a materiality Through a robust governance structure, we have and will continue to invest significant resources needed to meet the complexities of the evolving regulatory agenda, such as those relating to ESG and the Malaysian Code on Corporate Governance (“MCCG”) 2021. The Board therefore shall remain steadfast to deliver high standards of corporate governance and embed the right culture and behaviour throughout the business to ensure that stakeholders’ interests are given due consideration. It is also essential to ensure that we have the right balance of skills, diversity and experience to challenge and guide the business through its next stage of growth. These factors have been key as we have evolved and strengthened the skill set of the Board throughout the year. In July 2021, we were delighted to announce the appointments of Shirley Goh and Jenifer Thien Bit Leong to the Board. Both bring exceptional experience and strengthen the skills and diversity of the Board. In January 2022, we also welcomed Mohd Asrul Ab Rahim as a Non-Independent Non-Executive Director, bringing us sound investment and consultancy experience across a range of industries. We thank our outgoing Directors Elakumari Kantilal, Emily Kok and Wong Shu Hsien, for their invaluable contributions to our Board oversight agendas. THE ROAD AHEAD The Government is maintaining the Nation’s economic growth projection in the range of 5.5% to 6.5% for 2022, driven primarily by: matrix that is guiding us in addressing our sustainability risks and achieving our ESG goals and targets. Some of these goals and targets have been expressed in our Sustainability Statement. Corporate responsibility will remain the core component of our sustainability framework. It will continue to shape the day-today running of our business. We will maintain our stance to set a high bar for ourselves in terms of the way we manage our business overall. We believe that it is important for us to act in a way that means we are responsible corporate citizens, whether that is how we relate to our clients, employees, local communities, or wider society. We know that the way we conduct our business matters – and we do so, in ways that will continue to have a positive impact. COMMITTED TO STRONG GOVERNANCE Adherence to regulatory standards and the management of operational risks have remained our priorities. This helps to ensure excellent client outcomes and enable us to demonstrate transparency and value to our clients. I am proud to note that as we rode our sustainability journey in 2021, we started work to put in place a sustainability governance structure to be driven by the Board of Directors well supported by the Board Governance and Risk Committee and an internally set up ESG Steering Committee to shape and implement the Group’s sustainability roadmap in our business. Work is currently progressing at great momentum to further develop this nascent governance framework into a fully operational sustainability corporate structure run by the best talent to implement our sustainability endeavours and initiatives. The expansionary Budget 2022 1 Normalisation in economic and social activities premised on high vaccination rates 2 The resumption of projects with high multiplier effects 3 Strong external demand, especially from major trading partners 4 Budget 2022 initiatives such as the RM4.8 billion JaminKerja that will guarantee 600,000 jobs, as well as SemarakNiaga worth RM40 billion to help businesses restart, will further support our growth for the coming year. TAN SRI DR. AZMIL KHALID Independent Non-Executive Chairman The Group took a leading position and proactively supported the Government’s efforts in combating the pandemic through a wide range of pandemic management solutions, ranging from the construction of 14 Field Hybrid Intensive Care Units (“ICU”) to assist the MoH in relieving pressure on the Nation’s ICU capacity, conversion of our private COVID-19 Assessment Centre (“CAC”) to a private Vaccination Centre (“PPV”) in support of the National COVID-19 Immunisation Programme and the deployment of Radio-frequency Identification (“RFID”) digital tracker and Home Quarantine Monitoring System for the tracking and monitoring of inbound travellers by the MoH.
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