OVERVIEW ABOUT THIS REPORT (cont’d) BASIS OF REPORT PREPARATION In driving integrated thinking, which is the basis of IAR2022, a strategy workshop was conducted on 27 September 2022 involving key Heads of Departments from Risk, Strategy, Operations, Finance, Human Resources and Corporate Affairs and Communications. In addition, a comprehensive briefing session was held for the Board of Directors (“Board”) to provide them with a high-level understanding of <IR>, MYEG’s progress in its adoption of <IR> and areas for improvement based on a conducted gap analysis (conducted using the Principles-based Framework). The briefing was also leveraged as a question and answer session with the facilitator, a certified <IR> training provider, providing clarification to questions posed by the Board. The objective of the workshop was to solicit strategic perspectives of the various key personnel towards obtaining strategic information (based on the Principlesbased Framework) for the development of the IAR2022 report content. The workshop included an introduction on what is <IR>, its benefits and importance in the context of present day corporate reporting, the required components as well as a gap analysis of IAR2022 and subsequently, strategies on gap closure. Information and findings garnered from the workshop have been used to develop the strategy section of IAR2022 and are also used (where relevant) for other narratives such as the Management Discussion and Analysis, Sustainability Statement and Corporate Governance Overview Statement. All content presented in IAR2022 has been reviewed and approved by the Management of MYEG prior to publication. MATERIALITY Adopting a multi-capital lens, MYEG has taken into account the following considerations in the determination of information deemed material for inclusion in IAR2022: r Matters that can / will impact enterprise value creation across a multi-capital perspective. These include financial and non-financial matters, including ESG perspectives. r Matters that affect stakeholders. r Matters that impact the business model and access / availability to capitals. r Matters that impact future plans and prospects Matters that can / will impact value creation Matters that affect stakeholders Matters that impact the business model and access / availability to capitals Matters that impact future plans and prospects Any trend, development or incident that can significantly impact MYEG’s ability to generate / sustain financial values such as revenue, earnings and cashflow, appreciation of assets, as well as non-financial values including values for stakeholders. Any trend, development or incident that can affect the wellbeing and satisfaction of stakeholders. These may be existential matters such as climate change or matters specific to MYEG and its business operations such as contributions to community and talent development, contribution to the nationbuilding and digital society agenda and so forth. Any trend, development or incident that would hinder MYEG’s access to key resources required to drive the business model. Any trend, development or incident that may in the future, impact MYEG’s business model and its ability to sustain financial and non-financial value creation. In addition, the Group has also applied an additional material lens from an ESG perspective, which pertains to matters that have a significant impact on the environment and society, but have little to no impact on enterprise value creation. Performance disclosures related to such identified material topics are provided in the Sustainability Statement of IAR2022. 03
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