MALAYSIA AIRPORTS HOLDINGS BERHAD ANNUAL REPORT 2022 6 SEC 01 03 02 04 05 06 OUR APPROACH TO SUSTAINABILITY Malaysia Airports recognises that to achieve our corporate vision to be a ‘A Global Airport Group that Champions Connectivity and Sustainability’, we need to do more than just create economic value for shareholders. Rather, there is a need to balance profit-making and operational excellence with conducting our business in a manner that is responsible and sustainable. In the journey to becoming a sustainable business for the long term, our operations must be built on the foundations of good governance while considering environmental and social factors. Recognising the importance of ESG considerations in creating long-term sustainable value for stakeholders, we constantly work to embed these sustainability factors in the Company’s value creation model and value chain. The Board of Directors provides strategic direction with regards to Malaysia Airports’ ESG model through the Company’s Sustainability Policy and Framework. The Senior General Manager, Strategy of Malaysia Airports is responsible for ensuring the ESG model is translated into actionable tangible initiatives by business and support units in line with the Sustainability Policy and Framework. ESG GOVERNANCE The incumbent is a member of the Management Executive Committee (EXCO), chaired by the Group's Managing Director, and comprises the top management of Malaysia Airports. The incumbent also chairs the Group’s Sustainability Committee, a management committee which is responsible for highlighting and reporting on sustainability matters to the EXCO, and where relevant, to the Board of Directors. The Sustainability Unit assists the Senior General Manager, Strategy in the day-to-day running and management of Group-wide sustainability initiatives, engages stakeholders and provides consulting services to them on all sustainability matters. OVERVIEW This section informs stakeholders on how Sustainability works within Malaysia Airports, and summarises the key Environmental, Social and Governance (ESG) achievements and performance highlights. That is followed by a discussion of the materiality process and how the material matters are determined and reviewed. We also outline our engagement with key stakeholders.
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