ANNUAL REPORT 2021 89 SUSTAINABILITY As mentioned earlier, energy consumption in the office should remain the main focus of our policies due to the heavy usage of computers by MYEG. That would explain why many of our policies and initiatives are targeted at office equipment and their impact on the environment. However, this is not to say that it is our only focus as aspects such as waste management, climate change, renewable energy and water consumption are also considered by the Board. These are reinforced within staff inductions and reminders with hopes that awareness on our policies is spread throughout the company. A way MYEG can be seen helping the environment is by reducing the carbon footprint of others through the usage of MYEG’s services. By being an e-service provider, customers would mainly need to be online to use our products or services. As this is the case, physical presence is not required and this means less travelling and reduced carbon emissions from transport. Usage of MYEG’s services promote positive changes to the environment. ELECTRICITY CONSUMPTION Electricity consumption remains the primary energy source consumed by the Group and hence, the most material in terms of cost and environmental impact. At present, the largest consumers of energy within the Group are its data centres. At MYEG, we continue to incorporate energy efficient solutions into our working environment and value chain to manage our electricity consumption. MYEG is structured in a way that excessive energy consumption does not occur which avoids excessive carbon emissions from being produced. The use of natural light and other energy saving methods have helped minimise our environmental footprint whilst also improving cost efficiencies. Other methods such as green technology initiatives, corrective maintenance work and thorough monitoring will be taking place to improve electricity consumption for the Group moving forward. We also replaced our office lighting with LED-based variants. In FY2021, our total electricity consumption was 2,206,290 kWh which is a reduction by 16.41% compared to our FY2020 electricity consumption. Our electricity consumption data is as shown below: In pursuit of building a comprehensive approach to better manage energy consumption, we are also studying the feasibility of adopting an energy management system, or energy efficiency standards, suitable for our industry and business model. MATERIALITY MATTERS (CONT’D) 431,843 140,956 2,496,356 317,221 98,695 2,496,654 500,282 25,230 2,114,027 340,414 25,821 1,840,054 Electricity Consumption (kWh) MYEG Tower Approved Sites Regional Office 2018 2019 2020 2021 Total 3,069,156 2,912,570 2,639,539 2,206,290
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