Page 67 - MSM_AIR2021

SUSTAINABILITY JOURNEY HOW WE ARE GOVERNED FINANCIAL STATEMENTS ADDITIONAL INFORMATION 65

MSM value-added staff benefits

WITH OUR FUNDAMENTALS

Medical Financial assistance IN PLACE, AND THE RIGHT
insurance through zakat
upgrades wakalah for staff TEAM AT THE HELM, I BELIEVE
welfare
WE ARE IN GOOD POSITION

TO GROW IN THE SUGAR

Food basket worth Funds for sports UNIVERSE.
RM150 for staff and healthy lifestyle
under COVID-19 activities such as
home quarantine establishment of MSM that possess the right skills and experience. With our
Foldies Cycling Club fundamentals in place, and the right team at the helm,
for folding bicycle I believe we are in a good position to grow in the sugar
enthusiasts
universe.
The danger lies in taking a complacent attitude and remaining
within the comfort of sustainable profitability. To grow,
we need to think ahead beyond sugar and venture into new
Back-to-school Emergency financial food businesses that synergise with our current offerings.
assistance for assistance, cleaning
non-executive services and courtesy Inaction on risk matters is another weakness we have to guard
officers based on leave to staff affected against. There are many risk issues concerning manufacturing
income baseline by floods with regard to hazardous environments, health and safety
eligibility of human labour, supply chain inefficiencies and resource
wastages. We need to deliver on better solutions and
accelerate sustainable actions with definite goals in place.
Q In your opinion, what are Currently, in tune with future business concerns, MSM is
A actively pursuing green initiatives under the pillars of ESG.
MSM’s strengths moving Towards this end we are on the lookout for collaborations with
forward? What are MSM’s ventures into SMART Manufacturing, Innovation on Energy
Management, Technological and Certification Programmes,
weaknesses to guard Green Schemes, Green Packaging and Environmental

against? Technology Research.
Staying prepared, agile and competitive is our way forward.
MSM is a strong player in the essential food business As such, the leadership of MSM has worked on strategic
where growth can be built upon a defensive segment blueprints as well as assessments, and charted the path
and by focusing on midstream processing, marketing and ahead with the intention to reach our goals through a
distribution. A core strength is the established market promise of “Sweet Sustenance in a Responsible,
ecosystem we have built in the Asia Pacific region and the Sustainable and Mindful Way” .
recognition we enjoy from inherent industry players such
as global traders and customers. With healthier financials Thank you.
and stronger governance, we are in a position to activate
mergers and acquisitions to grow a stronger footprint going
forward. This is boosted by possessing more key talents in
the people mix currently as we have, during the year,
augmented the management team with new blood SYED FEIZAL SYED MOHAMMAD
Group Chief Executive Officer