Section 5 UEM Edgenta Berhad STRATEGIC BUSINESS 94 BUSINESS REVIEW Opus leading the charge of sustainability solutions of UEM Edgenta Group to reinforce Edgenta’s position as a leader in sustainability business, aligning with the group’s long-term strategic goals. In September 2023, the consolidation of UEM Edgenta sustainability business to Opus Consultants, marks a significant milestone for Opus. The strategic moves enable the group to leverage on Opus’s renowned engineering and assets management consultancy expertise, while propelling growth trajectory and capitalising on emerging opportunities in the dynamic sustainability market. Leveraging over three decades of engineering expertise, Opus Consultants has seamlessly transitioned into a premier provider of energy efficiency and sustainability solutions. The diversification will solidify our leadership in engineering and asset management consultancy while venturing into the burgeoning sustainability sector. Despite this evolution, engineering and asset management consultancy remain the core of our operations. Through innovative initiatives like our comprehensive end-to-end sustainability solutions and pioneering Zero-Capex Programme supported by innovative contracting models such as Energy Performance Contracting (“EPC”) and Green Performance Contracting (“GPC”), our aim is to surpass evolving market demands and provide unmatched value to our clients. Aligned with our unwavering sustainability commitment, Opus has allocated RM200 million under the Zero-Capex Programme to support our clients’ decarbonisation and ESG initiatives, making sustainable practices accessible with minimal upfront costs. Furthermore, the optimisation of our operational excellence agenda, facilitated by the restructuring of the UEM Edgenta sustainability business into Opus Consultants, ensures streamlined operations and underscores our commitment to excellence. Overview In 2023, amidst challenging business conditions with delays in various infrastructure projects, Opus has maintained resilience and stability. We fortified our core business and strategically diversified our market presence and offerings to capitalise on emerging opportunities. The introduction of various Net Zero policies and initiatives by the Malaysian government including the National Energy Transition Roadmap (“NETR”), and the Energy Efficiency and Conservation Act (“EECA”). In response, Opus has successfully pivoted beyond our traditional engineering and assets management consultancy services, positioning itself at the forefront of the nation’s decarbonisation agenda. Throughout the year, Opus secured major project wins and added six new contracts, further strengthens our core business and our commitment to delivering value-driven outcomes for our clients. Our strategic entry into the energy efficiency and sustainability sectors underscores our commitment to long-term growth and sustainability. We remain steadfast in our dedication to excellence and innovation, positioning Opus not only as a leader in engineering and asset management consultancy but also in energy efficiency and sustainability solutions.
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