Integrated Annual Report 2023 2 3 4 5 6 7 8 9 1 103 SUSTAINABILITY AT UEM EDGENTA Managing Director/Chief Executive Officer SYAHRUNIZAM SAMSUDIN EXPANDING OUR ECOSYSTEM Sustainability is a collective effort that spans our entire value chain. At UEM Edgenta, we are committed to supporting our partners and clients to achieve their ambition towards reducing their climate footprint. To this end, related sustainability services that the company undertakes as part of its comprehensive facilities management includes conducting ESG site audits, facilitating Green Building Index certification, and developing sustainability roadmaps in line with global standards. To-date, our services have proven impactful, with energy management initiatives resulting in annual savings of approximately 81.4 million kWh recorded in assets that we manage. This translates to savings of approximately RM55 million in energy bills since 2017. In addition, we helped one of our key clients, the Ministry of Health Malaysia, in obtaining the Leadership in Energy and Environment Design (“LEED”) certification recognised by the U.S. Green Building Council for 8 healthcare facilities, showcasing our clients’ dedication to environmentally sustainable practices. Our efforts in promoting sustainability practices in assets we managed in turn saw us receive two 4-star ratings and four 3-star ratings under the Malaysian Carbon Reduction and Environmental Sustainable Tool (“MyCrest”) rating system for the healthcare facilities we manage. To fortify our market standing, we launched Opus Sustainability, serving as the one-stop solutions provider to help asset owners decarbonise their assets towards achieving a sustainable build environment. This strategic consolidation, complemented by our established success in energy performance contracting, led to us securing nine sustainability mandates from clients in Malaysia in 2023, bringing our total ongoing sustainability mandates to 21 contracts. Additionally, we have earmarked RM200 million to help finance sustainability projects on a zerocapex model, aiding our clients’ transition to a low-carbon economy. With this commitment, we aim to boost closer collaboration with our clients, promoting the use of renewable energy sources, expanding green infrastructure like EV charging points, and upgrading existing infrastructure to highperformance green buildings. Through strategic partnerships with organisations like Earth Finance, Honeywell, and Yinson Greentech, we are working together to pursue sustainability and decarbonisation goals. UEM Edgenta's approach to technology and operational innovation revolves around a threefold strategy focused on strengthening the core, transforming tech delivery, and redefining business models. This approach is delivered through the Digital, Technology and Innovation (“DTI”) department and Edgenta NXT, the technology commercialisation arm of UEM Edgenta. Together, they implement various technology solutions to enhance cybersecurity measures, modernise cloud infrastructure, and optimise tech delivery processes via computer-aided facility management systems, sustainability solutions, IoT device deployment and smart city solutions. During the year, Edgenta NXT rolled out Asseto, a cloud-based computer-aided facility management platform deployed across 15 sites of UEM Edgenta’s portfolio. Asseto facilitates predictive maintenance, remote monitoring, data analytics works, and provides customised dashboards that include carbon emission tracking and energy usage optimisation, offered in collaboration with third-party platforms such as Alibaba. Additionally, UEMS Singapore rolled out a Community App to facilitate our employees in Singapore to track their emission footprint. The app serves as a platform to encourage sustainability-driven behaviours, including waste reduction, adoption of environmentally friendly transportation modes, and the sharing of sustainability-related information among employees. UEM Singapore also deployed its UETrack™ application in an additional 27 sites in Singapore in 2023 to allow better asset tracking and improved efficiencies in scheduling cleansing work orders. Our initiatives serve as a roadmap towards a more sustainable, inclusive, and prosperous world. By leveraging cutting edge technology and data analytics we optimise urban infrastructure and enhance the sustainability, efficiency, and liveability of cities, driving forward the vision of smarter, more connected urban environments for the future. LOOKING AHEAD While we have made significant strides in our sustainability journey, it is important to recognise that there is still much work ahead of us. As we look to the future, our focus is on further shaping our ESG journey. To drive our efforts forward, we aim to entrench ESG into our operational culture, strengthen our policies, and invest in markets that value ESG principles. Our ultimate goal is to build a resilient, sustainable company that not only generates profits, but also benefits all stakeholders involved. Earmarked RM200 million through Opus Sustainability to finance sustainability projects, supporting our clients’ transition to a low-carbon economy.
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