Page 2 - MSM_AR2020

ABOUT THIS SCOPE AND BOUNDARIES
REPORT This report has been compiled in strategy, risks and opportunities for the

accordance with the concepts, guiding
period of 1 January 2020 to 31 December
principles and content elements contained
in the IIRC framework. This framework 2020.
employs a reporting approach to create This report adheres to the guidelines laid
short, medium and long-term value as well down within Bursa Malaysia Securities
as the connectivity and interdependencies Berhad’s (Bursa Malaysia) Main Market
of the six capitals, namely human, natural, Listing Requirements and Sustainability
manufactured, financial, intellectual, and Guidelines. It also complies with
social & relationship capital. requirements for EES reporting as outlined
under the Global Reporting Initiative
The report provides a complete (GRI). Compliance with Malaysian legal
and balanced review of MSM and requirements under the Companies Act
its subsidiaries on the Economic, 2016 and Malaysian Code on Corporate
Environmental and Social (EES) Governance 2017 (MCCG 2017) has also
performance within the context of its been adhered to.

ASSURANCE AND APPROVAL

MSM’s Board of Directors and Senior by PricewaterhouseCoopers PLT and is
Management, has approved the contents approved free of qualifications. The Board
of this Annual Report, guided by the acknowledges responsibility for ensuring
KEY FOCUS: PERSEVERANCE requirements of the MCCG 2017, the integrity recommendations of the
Companies Act 2016, the Main Market annual report, following recommendation
Within an unprecedented challenging Listing Requirements of Bursa Malaysia by the Audit Committee, responsible for
environment, MSM Malaysia Holdings and Sustainability Guidelines. The financial oversight of the integrated annual report.
Berhad key focus for 2020 was to report and statements have been audited
persevere and stay resilient through
volatile market and industry conditions.
We enhanced our brand positioning,
stayed on track of long term targets,
committed to sustainable improvements
and sought to stay lean while weathering
the storm. We took the opportunity
to engage with stakeholders and find
new ways to improve efficiencies and
service standards as we ready ourselves
to leverage on upcoming market
opportunities. 6 capitals
o ur

A key element of our integrated report is our business model which
explains how we leverage our six capitals (as categorised by the
IIRC) to create value for our stakeholders. Our six identified capitals
are the various relationships and resources we depend on in order

to develop, deliver and sustain growth of our business. Our business
scAn tHe QR cODe BY FOLLOWinG strategies revolve around maximising positive outcomes within
tHese siMPLe stePs these capitals, being mindful of the trade-offs between capitals, and
Get it mitigating negative impacts.
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Annual Report 2020