Page 102 - MSM_AIR2021

100 MSM MALAYSIA HOLDINGS BERHAD WHO WE ARE STATEMENT & DISCUSSION BY OUR LEADERS HOW WE OPERATE
ANNUAL INTEGRATED REPORT 2021

MATERIALITY

ASSESSMENT PROCESS

MATERIAL ISSUES

Financial Management Resource Management

Impacts Impacts
• Sustained financial, dividend and share performance • Responsible and efficient use of water and energy
• Responsible investment in new business strategy, • Recycling and reuse of materials, water and energy
mergers and acquisition • Reduction of direct and indirect GHG emissions
• Strengthening risk and governance policies • Management of waste and effluents
• Optimising our funding strategy and gearing ratio • Impact on surroundings at all operational sites
• Prudent capital expenditure (CAPEX) allocation
• Maintain healthy cash balance
• Business profitability to support stakeholders value
delivery

Our Response Our Response
• Improve financial performance • Continuous monitoring of key environmental aspects such
• Improve governance, compliance and transparency as energy optimisation, water usage, waste management
framework and inventory of greenhouse gases
• Pursue value enhancing opportunities • Continuing to explore initiatives to lower refining cost at
• Minimise losses and improve overall MSM Group each refinery via installation of biomass boilers and solar
performance photovoltaic systems
• New investments and expansions were further • Continuous engagement with Department of Environment
rationalised and regulated to prioritise profitability and (DOE)
focus on business continuity and sustainability • Waste stream management is outsourced to a supplier
• Further explore downstream into sugar related business licensed by DOE to collect, transport, process and dispose
unlocking value added income stream waste in accordance with local regulations and standards
• Monetise all non-strategic and non-productive assets • Various environmental initiatives and collaborations such
as Mangrove Tree Planting and participation in E-Recycling
campaign

Link to Strategy Link to Strategy
• MSM’s Sustainability Initiatives on Environment,
S1 S2 S3 S4
Social and Governance
S5 S6 S7

• MSM’s Sustainability Initiatives on Governance