TALENT CRUNCH DECARBONISATION A pressing concern confronting corporations worldwide is the scarcity of skilled talent, with a Korn Ferry study projecting that by 2030, over 85 million jobs could remain unfilled due to a shortage of qualified individuals2. Various factors contribute to this issue, including shifting demographics, public policies, wage dynamics, supply-demand imbalances, and shortcomings in the education system. This talent shortage poses a potential challenge for our business, particularly in fiercely competitive sectors like energy and semiconductors. It is imperative that we attract and retain top-tier talent to propel our business aspirations forward and ensure the Group’s long-term sustainability. The imperative for corporate entities to manage their carbon emissions and transition towards decarbonisation is becoming increasingly pronounced, with nations worldwide implementing national policies to drive action. In Malaysia, the government has similarly launched its National Energy Transition Roadmap in July 2023, aimed at steering the country’s transition from a traditional fossil fuel-based economy to a high-value green economy. It is crucial for us to take decisive action on this issue, ensuring that we fulfil our role in mitigating the environmental impact of our operations and guarding against the adverse consequences of inaction, such as regulatory non-compliance, reputational damage, and diminished investor confidence. Through a robust climate action agenda, we can enhance our reputation as a forward-thinking organisation, future-proof our operations, and attract increased investment and strategic partnerships. Our Response Acknowledging the significance of addressing this emerging trend, we have initiated transformative strategies to augment our internal capabilities and reshape the mindset of our workforce. These efforts include the appointment of a new HR director and the introduction of new corporate values that embody our commitment to fostering a high-performance culture. Our Response In FY2023, we took a significant step forward in our climate action journey by conducting our first greenhouse gas (GHG) inventory, which encompassed Group-wide Scope 1 and Scope 2 emissions. Having established 2022 as our baseline year for calculations, we are committed to making meaningful annual progress towards reducing our carbon emissions. References: 1 Economics Observatory, How are geopolitical risks affecting the world economy? - https://www.economicsobservatory.com/how-are-geopolitical-risksaffecting-the-world-economy 2 Korn Ferry, The $8.5 Trillion Talent Shortage - https://www.kornferry.com/insights/this-week-in-leadership/talent-crunch-future-of-work Management Discussion and Analysis – Strategic Review DAGANG NeXCHANGE BERHAD 60 KEY MARKET TRENDS
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