Suria Capital : Sustainability Statement 2022

About This Statement

First initiated in 2017, this Sustainability Statement 2022 (SS2022) marks

the sixth edition of our sustainability reporting journey and it covers activities undertaken by the Group in 2022.

"DEVELOPMENT THAT MEETS THE NEEDS OF THE PRESENT WITHOUT COMPROMISING THE ABILITY OF FUTURE GENERATIONS TO MEET THEIR OWN NEEDS"

• Brundtland Report of the World Commission on Environment and Development

(Bursa Malaysia's Sustainability Reporting Guide)

The globe we reside in is facing complex climate, social and geopolitical issues and addressing Economic, Environmental and Social (EES) priorities are more important than ever. Previous years have seen sustainability reporting being done voluntarily but now, we adopt a mandatory and regulated sustainability reporting and the reporting landscape is primed to change according to regulatory updates.

The findings in SS2022 focuses on the current state of reporting the gaps that should be filled to meet regulatory requirements and the overarching business strategy considerations that can allow companies to meet increasing regulatory expectations while still creating impact and generating value.

As a responsible corporate citizen, these activities reflect the Group's continuous commitment towards the country's economic growth and, in particular, the economy of Sabah while contributing to the environmental progress and the well- being of the community.

The attention to sustainability has been an integral component of our overall operations. Through this statement, we seek to provide a comprehensive account of our sustainability programmes, the activities we undertook in 2022, and the challenges we faced post Covid-19 pandemic in our business operations and surrounding communities.

In a snapshot, this SS2022:

• Provides a summary of our Sustainability programmes in 2022, as the year under review, consistent with the

Group's strategic planning and performance for the financial year;

• Reviews our previous and current sustainability performance;
• Updates on our ongoing sustainability efforts;
• Introduces new initiatives undertaken by the Group to enhance its diverse operations and adopt more efficient and sustainable business;
• Highlights accomplishments and challenges associated with our operation in building a sustainable business; and
• Includes other initiatives undertaken in addressing the Covid-19 pandemic as well as statutory Standard Operations Procedures (SOP) for business in the new normal.

Scope of This Statement

Listing requirements of Bursa Malaysia Securities Berhad

(Bursa Malaysia) [Paragraph 9.45(2) and Paragraph 29, Part A of Appendix 9C of the Main Market Listing Requirements (Supplemented by Pratice Note 9)]

Reporting Period

1 January 2022 to

31 December 2022

Reporting Cycle

Principal Guidelines

LISTING REQUIREMENTS OF BURSA MALAYSIA

BURSA MALAYSIA'S SUSTAINABILITY GUIDELINES (3rd EDITION 2022)

INTERNATIONAL ASSOCIATION OF PORTS AND HARBOURS' WORLD PORTS SUSTAINABILITY PROGRAM

GLOBAL REPORTING INDEX (GRI)

GRI 101; GRI 102; GRI 103; GRI 200; GRI 300 AND GRI 400

Annually

Organisation Coverage

Suria Capital Holdings Berhad and its subsidiaries

This SS2022 complements the publication of Suria's Annual Report, where detailed descriptions of the company's business operations and financial performance are given. Together, these two reports highlight material issues that are important to us, our stakeholders, shareholders and society as a whole.

The SS2022 has been prepared in accordance with the Listing Requirements of Bursa Malaysia Securities Berhad (Bursa Malaysia) related to Sustainability Statements in Annual Reports [paragraph 9.45(2) and paragraph (29), Part A of Appendix 9C of the Main Market Listing Requirements (supplemented by Practice Note 9)].

The disclosures made in the statement are guided by Bursa Malaysia's Sustainability Reporting Guide (Third Edition, 2022) and the Global Reporting Initiative (GRI) Standards, which is an international framework for sustainability reporting. Being part of the port community, this statement also incorporates guidelines from the International Association of Ports and Harbours' World Ports Sustainability Program. These guidelines align with the United Nations Sustainable Development Goals (UNSDGs).

In preparing the statement and defining the content, six (6) GRI Standards are relevant to the Group's position and operations. They are as follows:

• GRI 101: Refers to the reporting principles for defining report contents and report quality.
• GRI 102: Refers to the organisation and its sustainability reporting practices, profile, strategy, ethics and integrity, governance, stakeholder's engagement practices and the reporting process.
• GRI 103: Refers to the management approach to report how the organisation manages the material issues covered by topic- specific standards GRI 200, 300 and 400.
• GRI 200; GRI 300 and GRI 400: Refer to the organisation's economic, environmental and social impacts.

Our sustainability initiatives are driven by the Suria Board of Directors (the Board), Risk Management & Governance Committee (RMGC), Sustainability Steering Committee and supported by the Sustainability Working Group (SWG).

The Board is performing its responsibility towards sustainable practices by giving the mandate to the RMGC and Sustainability Steering Committee to oversee the execution of our sustainability commitment. The Board is also responsible to approve any necessary principles, policies and strategies.

The Sustainability Steering Committee, which is represented by EXCOM headed by the Group Managing Director, is responsible for setting the direction, governance and overseeing the implementation of sustainability strategies and performance.

The Group Corporate Affairs and Communication Department (GCAC) acts as the Sustainability Project Management Office or as the Secretariat, which is tasked to submit compiled progress reports to RMGC on a quarterly basis for update and deliberation.

The SWG comprises representatives from the holding company and operating subsidiaries. It was established to monitor the implementation of the strategies and action plans related to the sustainability aspects of SuriaGroup. The SWG reports the progress of the action plans which will then be compiled by the Secretariat to be tabled at the RMGC. The SWG is grouped into four (4) teams where each team is responsible for each pillar; namely, Economic, Environment, Social-People and Social-Stakeholders and Community Engagement.

Our Sustainability Approach

Our reporting approach focuses on material issues and activities in line with stakeholders' concerns and relevance in context, completeness and balance.

We identified the material issues through stakeholders' engagements and materiality assessments.

The Sustainability Statement of the Group has been an annual reporting for the last six (6) years since the first issue of Sustainability Statement 2017. As such, the current issue of Sustainability Statement 2022 captures the 6-year trend and development of sustainability initiatives undertaken by the Group. By looking at the trend or development, it would reflect how sustainability could

be successfully incorporated into the corporate culture of the Group. This could determine the future course of actions and directions to achieve the targets or goals for sustainable growth.

The Group has also started looking into enhancing its climate-related disclosure transparency by aligning with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).

Continuous Stakeholders' Engagements

SuriaGroup regularly engages with its various stakeholders to understand and meet their expectations. This proactive engagement is executed in a way that supports both their short and long-term business goals.

These engagements with stakeholders play a vital role in our sustainability journey. Aside from continuing to form, strengthen and maintain valuable relations with stakeholders through various engagement channels, some of the Group's methods in creating value for its businesses and stakeholders include strengthening ties by utilising online platforms or customer portals.

The Group puts emphasis on its commitment towards digitalisation and this has increased the Group's resilience and responsiveness in engaging with stakeholders, while adhering to the principle guidelines of sustainability reporting.