UEM Sunrise Berhad creates value in the dynamic interaction between the six financial and non-financial capital – Financial Capital, Manufactured Capital, Intellectual Capital, Human Capital, Social & Relationship Capital, and Natural Capital. It adopts a holistic view in utilising these capitals to effectively transform and enhance them according to their business and stakeholders’ needs. This contributes to their long-term growth and success, enabling us to create lasting value for our diverse stakeholders.
Here we look into the Natural Capital part:
UEM relies on natural resources and processes, such as land, minerals, water, and energy, for its operations. These may be depleted or replenished over time.
Outcomes:
Key Constraints
- Balancing business growth and environmental performance and prioritising initiatives based on urgency and financial feasibility.
- Addressing the gaps and timely submission of data collection and operational boundaries is essential, as the data may reside at various parties/sources.
- Stakeholders have different levels of awareness of environmental performance, resulting in more efforts to raise awareness and move forward.
Actions to Enhance Outcomes
- To develop roadmaps with reasonable timelines and identify initiatives that support the short and long-term milestones.
- Identify and prioritise material sustainability-related matters based on the relevant standards, such as the Company’s KPIs and targets, and work towards closing the data gaps.
- The Sustainability Blueprint embedded the sustainability philosophy and understanding of the organisation’s operations, culture, and employees.
Trade-offs
To balance financial commitment and prioritise high-impact sustainability initiatives based on urgency.
