In defining sustainability, we believe that it is key for us to protect the value of the business and ensure that our stakeholders continue to reap the benefits and value that the Group generates. At the same time, we must make conscious efforts towards addressing key ESG issues that matter to the organisation and our stakeholders. While striking a balance in this respect is challenging, we are committed to taking the necessary strides, thereby leading this transition as an entity that truly embraces the value of sustainability. With that, our commitment has been truly exemplified through our efforts, initiatives and achievements during the year under review, as defined within this report. MESSAGE FROM THE MANAGING DIRECTOR/CHIEF EXECUTIVE OFFICER OUR SUSTAINABILITY JOURNEY OVER THE PAST YEARS HAS BEEN NOTEWORTHY DESPITE THE CHALLENGES AND UNCERTAINTIES WE FACED. WHILE WE AIM TOWARDS ACHIEVING OUR GOALS, WE ARE CONSTANTLY GUIDED BY OUR COMMITMENT ON SUSTAINABILITY, WHICH IS TO ACHIEVE EQUITABLE BUSINESS GROWTH WHILE DELIVERING IMPACTFUL SOCIAL AND ENVIRONMENTAL STEWARDSHIP. In FY2022, we took a big step forward with the development of our first Sustainability Roadmap. The roadmap is a result of our approach to further solidify our sustainability commitments with a comprehensive structure and fundamental targets. Being in sync with our Edgenta of The Future 2025 (“EoTF2025”) vision, it enables us to determine our focus areas, benchmark our achievements to date and, most importantly, define our future outlook on addressing issues that are key to us. Similarly, as a vital component of our sustainability framework, the pillars defined in the roadmap guide our general approach to our initiatives and actions, performance measurement, reporting and communication as well as governance and culture. In forging the true value of our roadmap, the Board continues to provide us with the necessary guidance, leadership and insights required to embrace sustainability in our practices and business. With this, we are able to maintain effective processes and procedures that are central to our sustainability policy, in line with what would be expected of a global entity with deep sustainability aspirations. DELIVERING SUSTAINABLE ECONOMIC GROWTH Recognising the nature of the present-day global economy, we continue to prioritise market expansion, operational optimisation and technological innovation. Through our continued expansion, we are better equipped to integrate our operations with the markets that we serve, thereby not only creating value for the Group but also delivering positive economic impact for our stakeholders. Likewise, our wide-ranging cost and operational efficiency measures have empowered us to stay ahead of our targeted milestones on overall savings, with this effort bolstered by our introduction and commercialisation of technology-based solutions and platforms. To this end, we launched Asseto, our new performance-based Computerised Maintenance Management System (“CMMS”) platform, during the year under review, paving the way for the implementation of expanded and improved smart building solutions. Since October 2022, Asseto has been rolled out to all buildings managed under our Property & Facility Solutions division, with more than 30,000 assets already connected to the platform. Asseto has also been implemented to enhance maintenance work orders and business processes for the Petronas Twin Towers and Menara 3 buildings. While it is clear that our successful growth is dependent on the overall economic landscape, it is also imperative to us to embrace the benefits of establishing a responsible supply chain that is local to our operations. Further to establishing key policies that govern our suppliers, we will be enhancing our Procurement Vendor Management Policy to include ESG factors as part of the criteria for vendor performance evaluation. This will allow us to support our vendors in adopting sustainability considerations within their operations. In addition, we remain committed to supporting the Bumiputera Vendor Development Programme (“BVDP”), which is derived from the government’s Bumiputera Empowerment Agenda. During the year under review, we awarded 47% of all contracts to Bumiputera vendors, exceeding our target of 35%. In line with this initiative, we have also collaborated with HSBC Amanah to develop a Syariah-compliant Supplier Financing Programme (“SFP”) that aims to provide fund assistance to SMEs without collateral requirements. MINIMISING OUR ENVIRONMENTAL IMPACT Cognisant of the physical and transitional risks of climate change, we are working proactively to seek out opportunities that may reduce our climate footprint and reduce any negative impacts to the environment. Through key leaders and competent teams within our organisation, we actively monitor changes in regulatory requirements, advancements in eco-technology as well as general developments in our natural ecosystem. Further to this, our dedicated Board Governance and Risk Committee (“BGRC”) oversees sustainability risks for the Group as a whole, with their remit including overseeing and guiding actions to mitigate climate change and its impacts. Our approach in this regard is bolstered by the adoption of practices in line with the ISO 14001:2018 Environmental Management System and ISO9001:2018 Quality Management System certifications. One of the main highlights of our approach to climate change is our deployment of energy efficiency technologies and solutions. This is exemplified through our EPC services, whereby we provide our clients with data-driven solutions that enable them to reduce their energy consumption and drive greater energy efficiency. Our EPC services generated 38,178,319 kWh in energy savings in 2022, which equates to approximately RM16,246,116 of total electricity cost savings for our clients. 99.1% OF OUR EMPLOYEES FULFILLED THEIR TRAINING REQUIREMENTS DURING FY2022 SUSTAINABILITY AT UEM EDGENTA MESSAGE FROM THE MANAGING DIRECTOR/ CHIEF EXECUTIVE OFFICER p.106 p.107 UEM EDGENTA BERHAD INTEGRATED ANNUAL REPORT 2022 1 2 3 4 5 6 7 8 9 SUSTAINABILITY STATEMENT SUSTAINABILITY AT UEM EDGENTA
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