Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economic
• Environmental
• Social

Environmental Achievements

• Replaced traditional light bulbs with LED light bulbs, reducing electrical usage by 15%
• Upgraded escalators with motion sensors to reduce energy consumption
• Placed four sets of recycling bins to separate and manage waste

Social Achievements

• Unveiled a 3D arts gallery in the mall
• Offered a conditional rental rebate to tenants during the MCO period
• Actively participated in community events

Governance Achievements

• Established Board Committees (Nomination, Remuneration, Audit, Share Issuance Scheme)
• Implemented a Code of Conduct and Code of Ethics
• Adopted a Whistleblowing Policy

Climate Goals & Targets

Environmental Challenges

• Challenging economic environment in Malaysia
• Increased competition from online retailers and surrounding malls
• Risk of non-renewal of tenancies and difficulty in letting out vacant space
• COVID-19 pandemic and movement control orders

Mitigation Strategies

• Implemented a corporate strategy to rebuild Centerpoint Seremban Mall
• Entered into food and beverage franchise operations
• Improved occupancy rate and quality of tenants
• Implemented stringent credit evaluation process for tenants
• Implemented safety and health measures to prevent the spread of COVID-19
• Offered rental rebates to tenants during MCO

Supply Chain Management

Responsible Procurement

• Sound payment practices
• Addressing complaints and feedback

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Financial Sustainability
• Ethical Business Practices
• Data Privacy and Security
• Human Rights and Employee/Labour Practices
• Equality and Diversity
• Health and Safety
• Employee Training and Development
• Energy and Emissions Management
• Waste Management
• Water Management
• Community Engagement

Environmental Achievements

• Mall is fully fitted with energy-efficient LED lighting fittings
• Installed motion sensors on escalators to switch between normal and energy-saving modes
• Periodic reviews with tenants on their fit-out designs, assessing if they are aligned with sustainability considerations

Social Achievements

• 100% of procurement spending on local suppliers
• Zero substantiated complaints concerning breaches of customer privacy or losses of customer data
• Zero substantiated complaints concerning human rights violations
• Community contribution activities including Zakat Collection and sponsorship of a school sports day
• Employee wellbeing initiatives (details not specified but implied through discussion of employee benefits and retention strategies)

Governance Achievements

• Established a Code of Ethics for Directors and a Code of Conduct for employees
• Established an Anti-Bribery and Anti-Corruption Policy and Procedure
• Implemented a whistleblowing mechanism
• 100% of Directors and Senior Management received anti-corruption training

Climate Goals & Targets

Environmental Challenges

• Slight increase in losses amidst a challenging environment of volatile and increasing costs and interest rates; weakening Ringgit; and flagging consumer spending
• Sharp decrease in trading and PMC revenue, and to a lesser extent, Mall revenue
• Increase in competition for PMC projects
• Reduction in customer orders for trading segment
• Challenges in the food and beverage business due to significant cost increases and shifting customer demand
• Increase in electricity tariffs negatively impacting mall operations
• Risk of non-renewal of tenancies, cancellation of tenancies and the risk of letting out available space
• Risk of timely and regular payment collections from tenants and customers
• Risk of fraud, security breaches, human resource issues, and cyber risks

Mitigation Strategies

• Downsizing the PMC division and concurrently looking for new avenues for growth
• Efforts to secure new tenants, enhance the tenant mix, and attract more visitors to the mall
• Focus on delivering high-quality food and service to maintain competitiveness in F&B
• Rejuvenating the mall by improving occupancy rate and quality of tenants
• Stringent credit evaluation process for all new customers and regular review of credit profile for existing customers
• Standard operating procedures, regular reviews, and internal audits
• Security workforce from a reputable security company and an in-house security department
• Regular cleaning and sanitizing procedures
• Surveillance and alarm systems
• Strengthening the team through staff welfare and benefits, annual reviews, and training
• Cyber security systems and data backups
• Adoption of Personal Data Protection Act
• Strict adoption of Anti-Bribery and Anti-Corruption Policies
• Contingency plans to safeguard personnel and customers in the event of natural disasters

Supply Chain Management

Responsible Procurement

• Endeavour to procure from local suppliers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Bursa Malaysia Securities Berhad Listing Requirements, Sustainability Reporting Guide – 3rd Edition published by Bursa

Third-party Assurance: No assurance