Integrated Annual Report 2023 2 3 4 5 6 7 8 9 1 137 As we progress in our commitment to environmental, social, and governance (“ESG”) responsibilities, we are fully aligned with group ESG Initiatives. Moving forward we are focused on establishing GHG reduction monitoring process to measure the performance of our net zero strategy and also to allow us to refine our climate targets as we progress. We are also embarking on an exercise to establish our Scope 3 emissions inventory and make a similar pledge to Net Zero by 2050. This initiative is in line with our goal of achieving a 26% reduction in our carbon footprint by 2030, using a baseline set in 2022, and ultimately reaching Net Zero emissions by 2050. To drive our decarbonisation pathway further, we aim to integrate emission reduction into our key performance indicators through our carbon budgeting process. Continuing to provide ESG consultancy services remains a cornerstone of our strategy, seamlessly integrated into both shortterm and long-term contracts. Collaborating with the Edgenta Academy ensures our teams are equipped with cutting-edge knowledge and expertise, particularly in climate change-related topics. This encompasses a diverse array of ESG-related training, covering areas such as TCFD, ESG Data Assurance, and Net Zero Workshops. Central to our approach is active engagement with our supply chain partners, clients, and stakeholders within our ecosystem. By conducting awareness sessions, delivering comprehensive training programmes, and fostering strategic green collaborations, we aim to ignite collective action toward our shared mission of decarbonisation. OUTLOOK Our Value Proposition to Clients As a leading player in the asset management and infrastructure solutions industry, UEM Edgenta is dedicated to assisting our partners and clients in their efforts to reduce their climate impact. As part of our comprehensive facilities management services, we offer various sustainability initiatives, including ESG site audits, Green Building Index certification facilitation, and the development of sustainability roadmaps aligned with global standards. Our services have already made a significant impact, with energy management initiatives resulting in annual savings of approximately 38.4 million kWh in assets under our management. This translates to savings of around RM16.6 million in energy bills. To further solidify our position in the market, we launched Opus Sustainability, providing comprehensive solutions to help asset owners decarbonise their assets and create a sustainable built environment. This strategic move, combined with our proven success in energy performance contracting, enabled us to secure nine sustainability mandates from Malaysian clients in 2023, bringing our total sustainability mandates to 22 contracts. Additionally, we have allocated RM200 million to finance sustainability projects on a zerocapex model, assisting our clients in transitioning to a low-carbon economy. With this commitment, we aim to strengthen collaboration with our clients by promoting the adoption of renewable energy sources, expanding green infrastructure such as EV charging points, and upgrading existing infrastructure to high-performance green buildings. OVERALL PERFORMANCE MINIMISING ENVIRONMENTAL IMPACT As a result of our processes, we were given two awards: “World Sustainability Icon Leadership Lifetime Achievement Award”-organised by the World Green Organisation (WGO), the United Nations Global Compact (UNGC), and KSI Strategic Institute for Asia Pacific (KSI), the WGSS, co-hosted by the Sarawak Government. THE STAR ESG IMPACT AWARD Gold: Energy Efficiency Silver: Renewable Energy Talent Management Good Health & Wellbeing Given that the emissions data from MEEM represent a negligible proportion of our overall emissions baseline, constituting less than 1% of our total emissions, we have determined that a restatement of the baseline is not warranted. Our original baseline remains representative of our environmental performance. Total Scope 1, 2 and selected categories of Scope 3 emission FY2023 19,743.99 tonnes CO 2 We recorded 4.04% emission reduction this year for Scope 1 and 2 from our 2022 baseline, in line with our year on year reduction target of 3.69% 2021 5,279.65 2021 2,363.15 2023 16,866.70 2022 10,356.05 2022 7,220.81 2020 5,589.84 2020 3,092.88 2022 (Baseline) 17,576.86 2023 10,031.63 2023 6,835.08 Total Emissions Scope 1 (tonnes CO2) Total Emissions Scope 2 (tonnes CO2) Total Emissions Scope 1 and 2 against 2022 baseline (tonnes CO2) Our Performance
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