Section 6 UEM Edgenta Berhad ENHANCING VALUE THROUGH SUSTAINABILITY 126 WHAT VALUE WAS CREATED IN 2023 VENDOR DEVELOPMENT PROGRAMME (“VDP”) UEM Edgenta’s Vendor Development Programme (“VDP”) forms an integral part of our SVM Framework. This initiative is pivotal in enhancing the quality, efficiency, and reliability of our supply chain through comprehensive evaluation and enhancement of our vendors’ capabilities. Through the VDP, we provide extensive assistance, including training programmes covering health and safety regulations, ethical sourcing principles, and procurement practices. During the year, we expanded our flagship VDP by onboarding nine new suppliers. These efforts are geared towards enhancing our vendors’ understanding of ESG principles. SUPPLIER FINANCING PROGRAMME We have collaborated with HSBC Amanah Malaysia Berhad (“HSBC Amanah”) to establish a Shariah-compliant Supplier Financing Programme (“SFP”). This initiative provides financing to support our suppliers in managing their cashflows effectively. VENDOR DAY 2023 Vendor Day 2023, held on 5 October 2023, focused on sustainability within UEM Edgenta’s supply chain. The event showcased Business Opportunity Sessions covering diverse service domains, along with discussions on the SVP and SVM. A significant aspect was the ESG Sustainable Supplier segment, featuring ESG awareness training as a key highlight. The event witnessed approximately 600 participants (310 companies) attending the ESG awareness training SUSTAINABLE ECONOMIC GROWTH Our support through these programmes plays a crucial role in improving the operational performance of our suppliers. We maintain rigorous monitoring of our vendors’ performance through our Vendor Performance Review and HSSE Performance Rating processes. Furthermore, we are committed to supporting the Malaysian government’s efforts to stimulate the growth of Bumiputera vendors through the VDP. Aligned with the government’s Bumiputera Empowerment Agenda, the Bumiputera Vendor Development Programme ("BVDP") aims to empower local entrepreneurial communities through in-house-designed training modules. This initiative enables Bumiputera businesses that meet our governance and policy requirements to competitively participate in both local and global markets.
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