Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economic
• Environmental
• Social

Environmental Achievements

• Implemented eco-friendly and green concepts and features in UiTM campuses and training center design for high energy efficiency and sustainability.
• Launched the first ‘district cooling plant with ice-making facility’ in UiTM Seremban 3 Campus to conserve energy.
• Focus on creating a smart green campus through sustainable and energy conservation initiatives in UiTM Puncak Alam Campus.
• Prioritised preserving natural landscape in Seremban 3 township, harvesting and replanting trees, plants, and grass, conserving natural water features and ecosystem.
• Minimised chemical usage on Seremban 3 property, opting for organic solutions for water conservation.

Social Achievements

• Successfully completed and delivered 2 UiTM campuses and an UiTM training center under PFI scheme.
• Implemented COVID-19 safety precautions and office policies per Malaysian authorities and Health Ministry guidelines.
• Strives towards zero life loss targets at all workplaces.
• Provides a fair and ethical work environment, complying with Malaysian Employment Act 1955, rejecting discrimination, harassment, and intimidation.
• Encourages re-employment of retired or former employees.
• Promotes open door policy, regular Group events, and electronic communications to maintain close working relationships.

Governance Achievements

• Expanded Audit Committee to Audit and Risk Management Committee.
• Implemented various policies such as Corporate Disclosure Policy, Code of Conduct & Ethics, Anti-Bribery & Anti-Corruption Policy, and Whistle Blowing Policy and Procedures.
• Regularly reviewed Board Charter, Board Committees’ Terms of Reference, and other policies.
• Directors attended training on Corporate Liability Provision Under the MACC Act.

Climate Goals & Targets

Environmental Challenges

• Subdued property industry due to COVID-19, MCO, oversupply of property units, tough lending conditions, and Ringgit depreciation.

Mitigation Strategies

• Continue efforts to improve infrastructure on development properties and prepare for launches when market conditions improve.
• Cost optimisation activities.
• Disposal of non-core assets.
• Realignment of property development strategies.
• Seeking viable strategic business partnerships.
• Acquisition of strategic new land banks.
• Optimisation of existing bank financing to address interest rate risk and savings.
• Ongoing efforts to improve financial performance.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Economic
• Environmental
• Social
• Governance

Environmental Achievements

• Launched the first ever ‘district cooling plant with ice-making facility’ in UiTM Seremban 3 Campus to conserve energy.
• Implemented eco-friendly and green concepts and features in the architecture and infrastructure design of UiTM campuses and training center.
• Preserved natural landscape in Seremban 3 township, harvesting and replanting trees, plants, and grass.
• Utilized natural water features and harvested rainwater for landscaping in Seremban 3 township.
• Minimized chemical usage and opted for organic solutions in Seremban 3 township.
• Encouraged green habits in office culture, including the 3Rs (Reduce, Reuse & Recycling), double-sided printing, and energy conservation.

Social Achievements

• Implemented COVID-19 safety precautions and new office policies to protect employee well-being.
• Strived for zero life loss targets at all workplaces and ensured compliance with Malaysian Occupational Safety and Health Act 1994.
• Provided a fair and ethical work environment, complying with Malaysian Employment Act 1955 and rejecting discrimination, harassment, and intimidation.
• Encouraged re-employment of retired or former employees.
• Implemented open-door policy, regular group events, and electronic communications to maintain close working relationships and encourage employee engagement.
• Provided competitive packages and comprehensive benefits, including medical benefits.

Governance Achievements

• Established a Board Charter outlining responsibilities, authorities, procedures, evaluations, and structures of the Board and Board Committees.
• Established three Board Committees: Audit and Risk Management Committee, Nomination Committee, and Remuneration Committee.
• Implemented various policies: Corporate Disclosure Policy, Code of Conduct & Ethics, Anti-Bribery & Anti-Corruption Policy, and Whistle Blowing Policy and Procedures.
• Conducted an annual assessment of the Board, Board Committees, and individual Directors.
• Carried out an independence assessment of Independent Directors.

Climate Goals & Targets

Environmental Challenges

• Contraction in property industry activity due to COVID-19, oversupply of property units, tough lending conditions, and inflationary pressure.

Mitigation Strategies

• Cautious approach to launching property development projects, waiting for improved economic conditions and control of the COVID-19 pandemic.
• Continued efforts to maintain infrastructure on development properties.
• Undertaken measures to raise funding to repay loans, including borrowings from other financial institutions and a proposed SUKUK at 2 PFI subsidiaries.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Economic
• Environmental
• Social

Environmental Achievements

• Launched the first ever ‘district cooling plant with ice-making facility’ in UiTM Seremban 3 Campus to conserve energy.
• Implemented eco-friendly and green concepts and features in the architecture and infrastructure design of UiTM campuses and training center.
• Prioritised preserving the natural landscape in Seremban 3 township, harvesting and replanting trees, plants, and grass, conserving natural water features and ecosystems.
• Minimised chemical usage in Seremban 3 township, opting for organic solutions for landscape maintenance.
• Encouraged an office culture of green habits, including the 3Rs (Reduce, Reuse & Recycle), double-sided printing, and energy conservation.

Social Achievements

• Maintained a safe work environment, meeting requirements of the Malaysian Occupational Safety and Health Act 1994, including fire safety training and provision of safety equipment.
• Strived for zero life loss targets at all workplaces.
• Provided a fair and ethical work environment, complying with the Malaysian Employment Act 1955, rejecting discrimination, harassment, and intimidation.
• Encouraged re-employment of retired or former employees.
• Implemented an open-door policy to encourage communication and problem-solving among employees.
• Organised regular group events to enhance employee engagement.

Governance Achievements

• Established a committed governance structure to steer sustainability strategy.
• Board of Directors responsible for setting overall business strategy, with management executing sustainably.
• Regular monitoring and refinement of processes to achieve economic, environmental, and social goals.
• Implemented various policies such as Corporate Disclosure Policy, Code of Conduct & Ethics, Anti-Bribery & Anti-Corruption Policy, Fit and Proper Policy, Directors and Senior Management’s Remuneration Policy, Diversity Policy and Whistle Blowing Policy and Procedures.

Climate Goals & Targets

Environmental Challenges

• Challenging global and national economic conditions.
• Slow international growth and challenges for the Malaysian economy.
• Challenges in the property development sector, including cost escalation, labor shortage, rising cost of funding, and inflationary pressures.

Mitigation Strategies

• Strengthening the Group’s financial position by expanding the capital base and reducing borrowings.
• Consolidating the land bank and pursuing development in niche areas with high certainty of success.
• Exploring potential opportunities in business segments with a credible track record, such as PFI concession-related projects.
• Diversifying into beneficial business segments when opportunities arise.
• Embracing a cautious approach in launching property development projects, actively monitoring market developments, and identifying credible project development partners.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Sustainability

Governance Achievements

• Established a Code of Conduct and Ethics.
• Adopted an Anti-Bribery and Anti-Corruption Policy.
• Established a Whistleblowing Policy and Procedures.
• Board Charter clearly defines roles, responsibilities and authorities of the Board and management.
• Established Audit and Risk Management Committee, Nomination Committee and Remuneration Committee.
• Board comprises 40% women Directors.

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities