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SUSTAINABILITY JOURNEY HOW WE ARE GOVERNED FINANCIAL STATEMENTS ADDITIONAL INFORMATION 63

What are the initiatives that have been How has MSM
Q Q
A A
planned through the short and medium positively
term? contributed to

To date, MSM is already making headway in several ESG initiatives. We have employee and
structured policies and procedures to ensure we provide decent returns without community
any compromise on proper governance. We have a well-composed and experienced
Board that takes a strong stance against mismanagement and corruption, welfare?
and champions ESG goals. Accounting report timeliness, quality and disclosures
of materiality have been improved. Board reporting and guidance implementation MSM has adopted a “People First”
translate to greater risk management while pursuing opportunities on operational approach to both our internal
excellence. and external communities. We refer to
our employees as “Keluarga MSM” and
Nevertheless, we require a more substantive framework with improved recording their welfare takes precedence when it
and disclosures. To this end, MSM is significantly escalating our ESG framework matters most. Charity begins at home
and working towards subscribing to the SBTI and Net Zero commitment under so we want to provide care beyond the
the United Nations Global Compact. ordinary for all employees as and when
needed and appropriately so. This has
Details on our ESG initiatives and performance for FY2021 are disclosed in our been demonstrated during the year’s
Sustainability Report on page 118 turmoils involving COVID-19 and the
recent floods.

A number of our colleagues were
badly affected by the pandemic and
floods, and in line with our People First
approach we established task forces
to monitor, communicate and aid
those affected closely with established
hotlines of contact persons at any time
required. The task force comprises
mainly members from People Partner
and HSES&Q, and maintains close
reporting and feedback to management
who are equally contactable for help.
Other than a substantial Welfare
and Zakat budget to aid employees
financially in times of need, we render
help beyond financial, and beyond
the conventional. We offered jobs
to the children of the deceased
breadwinners in the three cases
of COVID-19 fatalities among our
employees in FY2021.