ENRA Group Berhad Annual Report 2021

CORPORATE GOVERNANCE ENRA Group Berhad | Annual Report 2021 34 F. Our Material Sustainability Matters (Cont’d) Applying the knowledge from that training, the Group has identified specific target for each MSM in TABLE 2 . TABLE 2 No. Renamed MSMs in FY2020/21 & FY2021/22 Theme MSM Targets 1 Ethics, governance and compliance Economic • 100%adherence to internal rules and regulations, including standard operating procedures & policies (“SOPPs”), framework, codes and internal memos • 100% comprehension and compliance with relevant rules and regulations with zero penalties, fines, summons, imprisonment, blacklisting and sanctions • To create the structure necessary to nurture the culture of, always doing the right things • Zero tolerance for fraud and corrupt practices as this poses a major risk to sustainability 2 Business development and expansion Economic • Achieve sustainable growth in enterprise value (market value of total equity and debts less cash and cash equivalents) in line with our vision statement • Acquiring new business that will contribute positively to PATAMI • Achieve reasonable integration (alignment of shared values, direction and goal congruent) of newly acquired businesses via mergers & acquisition within two years from acquisition date 3 Innovation and technology enablers Economic • Achieve excellence in our products and services through our innovative and high-performance culture in line with our vision statement • Having reliable and value-for-money technologies that are stable, simple, speedy, safe and secure (“5S”) to support all business processes 4 Project and job execution Economic • Not more than 10% negative deviation in economic returns from the approved proposal by the promoters/ project owners • Close monitoring, regular and transparent updates with early intervention for remedial actions, clear exit strategy with regards to deciding when to monetise or cut losses and an opportunistic strategy to achieve more 5 Proactive, dynamic and happy workforce Social • Building a progressive and innovative workforce that drives growth and fosters fulfilling careers • Getting staff involved in making positive impact on the well-being of local communities above and beyond our core businesses in line with our vision statement 6 Energy, resources and waste management Environment • Managing waste towards zero waste over time • Be more energy and resources efficient • Promoting products and practices that help combat pollution and climate-related risks SUSTAINABILITY REPORT