MY E.G. SERVICES BERHAD Registration No. 200001003034 (505639-K) 72 The Group also evaluates potential vendors’ financial background from their financial report and / or annual report to identify their financial strength and capabilities. In addition, we survey the vendors’ customer references or past project track records to garner a more holistic view of their business operations. SUPPLIERS’ ESG PERFORMANCE MYEG ensures that its new and existing suppliers meets the Group’s standards of ESG compliance and performance. This is enforced through the Code of Business Ethics – which suppliers are required to sign and acknowledge as confirmation of having understood and agreed to comply with the relevant environment and social policies of the Group, such as policies on child labour, forced labour, ABAC Policy, OSH Policy, minimum wage, gender and racial non-discrimination, equal opportunity, labour laws in working hours, energy usage, and waste management, among others. MYEG also makes sure that suppliers and vendors have or obtain relevant supporting documents and certifications for suppliers, which is also a key factor in determining our suppliers’ ESG performance. These relevant supporting documents and certifications for suppliers involve valid licenses from professional bodies and local councils, as well as quality assurance certifications from regulators and authorities, including Standard and Industrial Research Institute of Malaysia (“SIRIM”), International Organisation for Standardisation (“ISO”) and Material Safety Data Sheets (“MSDS”), Jabatan Kemajuan Islam Malaysia (“JAKIM”), Ministry of Finance (“MOF”), Ministry of Health, Medical Device Authority (“MDA”) Royal Malaysian Customs Department, Construction Industry Development Board (“CIDB”), Fire and Rescue Department of Malaysia, Department of Environment Malaysia (“DOE”). We also ensure suppliers have completed the relevant Companies Commission of Malaysia (“CCM”) forms. When the overall health situation permits, the Group plans to conduct visits to vendors’ business premises. PHYSICAL INSPECTION AUDITS We intend to carry out physical inspection audits when necessary on new and existing suppliers to ensure our suppliers’ continued reliability and capability to supply the Group and comply with our requirements. The persistent COVID-19 pandemic impact from FY2020 had continued to prevent us from performing any physical inspection audits in FY2021, given that the majority of suppliers shut down their operations during the MCO and that it was deemed unsafe to conduct physical visits in view of the pandemic situation. Nevertheless, we substituted the lack of physical inspection audits with our annual Vendor Performance Evaluation form so that some manner of a supplier audit was still carried out in FY2021. We aim to safely conduct physical inspection audits in FY2022 since the COVID-19 situation has since stabilised and most people have been fully vaccinated. REGULATORY COMPLIANCE MYEG was not fined or censured by regulatory authorities for any environmental non-compliance and social noncompliance in FY2021. MYEG also had no fines, penalties or financial settlements related to corporate governance and anti-corruption non-compliance in FY2021. SUSTAINABILITY GOVERNANCE (CONT’D)
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