EASTERN & ORIENTAL BERHAD

Climate Impact & Sustainability Data (2020, 2022-2024)

Total Energy Consumption:56,083 GJ/year

Waste Generated:3 tons/year (landscape waste composted)

Completion of STP2A reclamation works in September 2019
Significant drop in fuel consumption due to demobilization of vessels and reduction of machineries for STP2 reclamation and dredging activities
Reduction in energy consumption at E&O Hotel and Straits Quay from 63,362 GJ in FY19 to 56,083 GJ in FY20
Reduction in energy intensity at E&O Hotel and Straits Quay from 0.54 GJ/M2 to 0.48 GJ/M2 in FY20
Almost three tonnes of landscape waste from STP composted annually

Successful “E&O Luxury Living” sales campaign aimed at reducing inventory levels
Successful re-opening of the Heritage Wing of the E&O Hotel following an extensive refurbishment exercise
Think Green eco-education programme continued to be the most popular choice and named the best extra-curricular activity in three partner schools for the second consecutive year
Contribution of RM2.04 million in ex-gratia payment to eligible fishermen and their assisting crew in 2015
Annual school supplies provided to fishermen’s children since 2013
Design, construction and completion of a new six-storey building for the Pure Lotus Hospice of Compassion

Adoption of the Malaysian Code of Corporate Governance 2017
Establishment of an Anti-Corruption Framework
Implementation of a Whistle-Blowing Policy
Annual performance evaluation of the Board, Board Committees and individual Directors
Review of the independence of Independent Directors

Short-term Goals:

Challenging market conditions exacerbated by the Covid-19 pandemic
Subdued and uncertain global and local economic conditions compounded by the sudden and sharp decline in economic activities due to the Covid-19 pandemic
Fair value impairment loss on certain assets and properties of the Group amounting to RM209.6 million
Loss of rental income of RM4.6 million from the Hammersmith office block in U.K.
Adverse impact on retail operations due to weakened consumer and business sentiment coupled with the global Covid-19 pandemic
Reduced social and recreational activities dampening consumption and investment activity
Plummeting crude oil prices dampened investor confidence

Cautious stance with regard to launch timelines
Focus on inventory reduction
Cost-efficient marketing and promotional strategies
Implementation of comprehensive precautionary measures such as temperature screening, enhanced regular sanitisation, reducing restaurant seating capacity
Cost containment measures
Optimising operations to ensure strong financial discipline with manageable cashflow and financial commitments
Streamlining relationships with property agents whilst nurturing new networks to reach burgeoning overseas markets
Intensifying digital marketing activities
Sensitive cost containment measures, careful cashflow planning, effective reorganising of manpower resources and proactive asset management

Frameworks Used: GRI

Total Carbon Emissions:10605 tCO2e/year (2024)

Scope 1 Emissions:24 tCO2e/year (2024)

Scope 2 Emissions:10581 tCO2e/year (2024)

Total Energy Consumption:69684 GJ/year (2024)

Waste Generated:3209.0 Metric Tonnes/year (2024)

100% recycling rate for steel and aluminum waste (Note: 0 aluminum waste generated)
Implementation of building management systems in Lincoln Suites and E&O Hotel in Penang
Adoption of smart meters in several properties to track electricity consumption

Data coverage constitutes approximately 80% (waste) and 90% (energy and emissions) of business operations due to data from tenants and third-party service providers.
Lack of data ownership for some operations managed by tenants or third-party service providers.

Commitment to enhancing data collection for the next financial year for areas within their control.