OUR BUSINESS OUR CAPITALS FINANCIAL CAPITAL MYEG on 17 October 2022, announced the establishment of a Sukuk Wakalah programme of up to RM1 billion. The Sukuk Wakalah programme is a perpetual programme that allows for the issuance of Sukuk Wakalah from time to time, provided that the aggregate outstanding nominal value of Sukuk Wakalah does not exceed RM1 billion at any point in time. It has been assigned a preliminary rating of AAIS with a stable outlook by MARC Ratings Bhd. The Sukuk Wakalah is part of MYEG’s Sustainable Financing Framework, specifically developed and launched to accelerate MYEG’s continued pivot towards propelling its business model to be more ESG driven. The Sustainability Financing Framework (the “Framework”) has been developed to support MYEG’s efforts to achieve its climate transition strategy and reinforce its commitment towards a low emissions future and better living place. The Framework will apply to any forthcoming Green / Social / Sustainable SRI financings (also known as Sustainable Financing), which includes the aforementioned Sukuk Wakalah. Under the Framework, financing issued / obtained will be aligned to: z Social Bond Principles, Green Bond Principles, and Sustainability Bond Guidelines 3 of the ICMA or as they may be subsequently updated or amended; z Social Bond Standards, Green Bond Standards and Sustainability Bond Standards of the ACMF or as they may be subsequently updated or amended; z Social Loan Principles and Green Loan Principles of the Asia Pacific Loan Market Association (APLMA), the Loan Market Association (LMA) and the Loan Syndications and Trading Association (LSTA) or as they may be subsequently updated or amended; and z SRI Sukuk Framework of the Securities Commission Malaysia or as they may be subsequently updated or amended. Proceeds from the said sukuk issuance will be used for shariah-compliant working capital requirements, capital expenditures, investments and financing of business expansions of the group. It will also be used to refinance existing conventional loans or existing or future Islamic financing facilities (including sukuk). These include the Group’s blockchain ventures, as well as funding expansion of its foreign worker hostel operations and other ESG-based businesses. HUMAN, SOCIAL AND NATURAL CAPITALS Specific talent management strategies including initiatives to recruit, train and develop employees as well as local talents are provided in the embedded Sustainability Statement of this Annual Report. The same Sustainability Statement provides information on the following: z The Group’s ongoing efforts to engage stakeholders and to assess stakeholder impacts on the business model and value creation. z Its consumption of natural capitals and resources such as fuel, electricity, paper and waste management. 55
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