p.115 1 2 3 4 5 6 7 8 9 SUSTAINABILITY STATEMENT p.114 UEM EDGENTA BERHAD INTEGRATED ANNUAL REPORT 2022 SUSTAINABILITY AT UEM EDGENTA SUSTAINABILITY AT UEM EDGENTA Develop a sustainability policy and strategy while: 1. Enhancing material matter-level policies 2. Monitoring the implementation of sustainability policies across the Group 3. Integrating our overall ESG commitment within our corporate vision and mission 4. Communicating our sustainability policy to our stakeholders Enhance sustainability data disclosure and communication processes by: 1. Establishing a general stakeholder management strategy 2. Aligning with Bursa Malaysia’s proposed amendments on sustainability reporting 3. Integrating the outcome of our materiality assessment and our stakeholders’ responses into our sustainability strategy development Establish a GHG emissions baseline and reduction targets while enhancing our ESG performance measurement and methodology. Specific actions to be undertaken include: 1. Establishing a baseline for GHG emissions across Scope 1 and Scope 2 2. Establishing quantitative targets and KPIs for high priority material matters (short-term) 3. Monitoring our progress at achieving KPIs and targets 4. Aligning our KPIs and targets with the outcomes of our materiality assessment 5. Committing to a GHG emissions reduction target (short-term) 6. Digitising our sustainability management and reporting processes 7. Embarking on a GHG emissions inventory for Scope 3 8. E xpanding digital technology adoption across the organisation 9. Aligning quantitative targets with the national sustainability agenda 10.S etting a net zero target while developing a decarbonisation path Future Outlook (by 2024) Enhance disclosure on our governance structure. Specific actions to be undertaken include: 1. Embedding a culture of sustainability at a deeper level amongst our employees 2. Enhancing the involvement of employees in sustainability programmes 3. Improving communication by senior management on our sustainability commitments Attain assurance on sustainability disclosures and reporting according to the GRI Standards, with specific actions to be undertaken including: 1. Enhancing material matter disclosures with reference to Bursa Malaysia’s common sustainability matters 2. Seeking internal assurance of selected performance indicators 3. Performing an assessment of our preparedness to embark on climate-related disclosures based on the recommendations of the TCFD 1. Developing qualitative KPIs and targets for initiatives under prioritised material matters 2. Identifying ESG risks within our supply chain 3. Expanding on initiatives for other material matters 4. Establishing a Group-wide ESG performance monitoring mechanism 5. Improving the ESG capacity and knowledge of our suppliers 6. Establishing a Group Human Rights Statement Enhance disclosure on existing initiatives. Specific actions to be undertaken include: Established a two-year Sustainability Roadmap • Published a materiality matrix in our FY2022 statement • Enhanced material matter data collection methodologies • Defined boundaries and parameters, calculation methodology, and emission factors reference • Enhanced our data collection template • Identified and expanded on our emission data points • Emission inventory of Scope 1 and Scope 2 Pillars Achievements in FY2022 • Approved an enhanced Terms of Reference (“TOR”) for an ESG governance structure • Enhanced employee awareness on ESG matters • Identified reporting data gaps • Improved reporting content and quality by aligning to reporting principles • Established focus groups for prioritised sustainability matters • Identified the ESG maturity level of our suppliers Approach Focus Areas: Sustainability strategy, vision and mission Materiality Focus Areas: Identification of material matters and communication of matters with stakeholders Performance Measurement Focus Areas: Development of short, medium and long-term targets for material matters Governance and Culture Focus Areas: Improvements to sustainability governance and the embedding of a sustainability culture Reporting and Communication Focus Areas: Improved sustainability reporting based on recommendations of frameworks Initiatives and Actions Focus Areas: Enhanced disclosure on existing initiatives
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