Integrated Annual Report 2023 2 3 4 5 6 7 8 9 1 97 BUSINESS REVIEW ESG Initiatives In 2023, our Asset Consultancy division advanced initiatives integrating Environmental, Social, and Governance (“ESG”) principles, notably launching the Sustainable Zero-Capex Programme in Peninsular Malaysia and Sarawak with a RM200 million allocation. This programme accelerates resource and energy reduction for building owners across various sectors without upfront costs, aiming for green certification. Partnerships with Honeywell and Earth Finance under MOBE agreements further our commitment to carbon emission reductions in line with the Paris Agreement. Internally, we prioritise ESG, with initiatives including awareness training, a sustainability policy framework, and a fabric recycling programme. Key Certifications/ Awards At OPUS, safety is our top priority. In 2023, we continued our commitment to workplace safety, environmental preservation, and regulatory compliance through various initiatives. We are proud to have received The Occupational Safety and Health Award (Gold Class 1) from the Malaysia Society for Industry Safety (“MSOSH”) for two consecutive years, recognising our ongoing dedication to maintaining high safety standards and ensuring the well-being of our employees. OVERCOMING CHALLENGES During the year under review, OPUS faced and conquered significant challenges, demonstrating resilience and adaptability. We strategically shifted our focus to East Malaysia, recognising its burgeoning infrastructure opportunities amid limited prospects in Peninsular Malaysia. Despite intense competition, we persevered, navigating obstacles with determination. Our market redirection intensified our presence in East Malaysia, with the establishment of a full-fledged Sarawak Regional Office and expanded service offerings. We diversified our portfolio by targeting mid-size projects and introducing innovative solutions like modular engineering and project management consultancy. These initiatives not only broadened our client base but also strengthened our competitive edge. Our ability to overcome challenges and seize opportunities underscores our commitment to sustained growth and excellence. Moving forward, we remain dedicated to delivering value and driving innovation while integrating ESG elements into our business practices. Looking Forward to 2024 Looking forward, Opus is positioned to lead the industry by embracing resilience, innovation, and a strong focus on talent development as we transition towards the energy efficiency and sustainability segment while maintaining and reinforcing our core business. Leveraging our established expertise in engineering and asset management consultancy, we are strategically pivoting to seize emerging opportunities and deliver comprehensive, value-driven solutions that cater to the evolving needs of our clients and the dynamic industry landscape. Our commitment to excellence, sustainability, and innovation will continue to shape our approach as we integrate technology into our sustainable practices and ESG considerations into our core business strategies. We will continue to grow and strengthen our energy efficiency and sustainability business through innovative solutions, monetising our RM200 million Zero-Capex Programme to facilitate asset owners’ adoption of energy efficiency and green structures in line with our nation’s decarbonisation agendas, such as NETR and EECA. We will proactively focus on talent development initiatives, including comprehensive training programmes and upskilling opportunities. Furthermore, we recognise the importance of investing in new capabilities to support our strategic goals in energy efficiency and sustainability. By combining these elements, we are confident in our ability to build a resilient and forward-thinking organisation.
RkJQdWJsaXNoZXIy NDgzMzc=