1 with YOU Sunway Berhad integrated Annual Report 2020. TABLE OF CONTENTS. ABOUT THIS REPORT OUR STRATEGY GOVERNANCE with INTEGRITY. Business Strengths Governance Overview Statement External Environment Committee Report OVERVIEW. Risks and Challenges on Risk Management and Internal Profile Control COVID-19. Together with You Global Presence & Strategic Priorities Compliance Information During a year of unprecedented Value Creation Approach Relations change and challenge, Sunway has Material Matters responded with agility and Creation as Exemplified in ' Responsibility Statement for the propelled innovation to continue Our integrated Township Model Engagement Audited Financial Statements delivering value.
2 Intertwining all Milestones Value Creation Model strategic elements of its business model, the Group has dynamically Calendar Industry Strategic Profiles FINANCIALS. responded to Year 2020's new normal scenario. Information Statements At the heart of Sunway's growth and Corporate Structure PERFORMANCE REVIEW of Material Properties progress is its digital transformation journey. Innovation and technology & Business Highlights 's Statement drive new possibilities that further enhance the creation of mutually Performance Discussion and Analysis SHAREHOLDINGS' INFORMATION. beneficial value-accretive prospects for the Group and its stakeholders. Group Financial Highlights ' Interests in Shares and Warrants Together with you, Sunway, develops based on the Register of Directors' Shareholdings a better future of progress and growth Added Statement EXEMPLARY LEADERSHIP.
3 That permeates to individuals, society of Shareholdings and the nation. Performance of Board of Directors Shareholders based on Register in the News of Senior Management of Substantial Shareholders of Significant Events of Irredeemable Convertible Preference Shares Holdings & Accolades SUSTAINABILITY. of Warrantholdings at Sunway ADDITIONAL INFORMATION. of Eleventh Annual General Meeting Proxy Form Directory Together with You Sunway Berhad | integrated Annual Report 2020. ABOUT THIS REPORT ABOUT THIS REPORT. Sunway Berhad ( Sunway or Group ), continues to adopt integrated reporting ( <IR> ) for its financial year ended 31 December 2020 Following are Sunway's consumed capitals towards the realisation of its business model and value creation: ( FY 2020 ) integrated annual report.
4 Sunway's adoption of <IR> is aimed at providing a more comprehensive, yet concise disclosure of the Group's approach to financial and FINANCIAL MANUFACTURED INTELLECTUAL HUMAN SOCIAL NATURAL. non-financial value creation. CAPITAL CAPITAL CAPITAL CAPITAL CAPITAL CAPITAL. 4 Sustainability resides at the core of the Group's value creation model. In essence, value creation is derived from a conscious and strategic comprises all comprises comprises refers to employees refers to comprises 5. effort at pursuing the realisation of the 5Ps as well as the United Nations Sustainable Development Goals ( UNSDG ). financial assets tangible assets proprietary and their skillsets, stakeholder consumption such as cash, such as factories, business know- experiences and relationships of resources Sunway's approach to <IR> remains firmly rooted from a sustainability perspective; that is to showcase how the Group continued to focus equity, assets, and machinery, built- how, systems, competencies.
5 And the impacts extracted from the on a triple bottom-line of Economic, Environmental, Social and Governance ( EESG ) perspectives that leads to the realisation of financial operating revenue up properties and processes and these have on environment such and non-financial values for stakeholders. generated and more. methodologies the business as land, water and deployed in our that drive business model and value the production value creation operations. creation. of environmental APPROACH TO REPORT CONTENT. ABOUT THIS REPORT. activities. impacts. In selecting relevant content for the integrated Annual Report 2020 ( IAR2020 ), Sunway has adopted the following materiality criteria: Information that is pertinent to the Group's resources (capitals).
6 Information that is pertinent to the business model Information that is pertinent to outputs and outcomes created (financial and non-financial values). The following icons are used to signify further information CROSS REFERENCES. CONTENT. DESCRIPTION ICON or relevance to each Sunway business division: ELEMENT. Tells you where you can find more information within the reports A comprehensive description of the Group, its business divisions, principal business activities, Corporate Profile network of operations and key facts and figures of the Group. Tells you where you can find more Explanation of Sunway's Build, Own, Operate ( BOO ) model and how the model creates information online at financial and non-financial values.
7 Our Value Creation The section also explains on the harnessing of business and operational synergies between Approach the various business divisions and how the business model enables Sunway to derive business strengths or competitive advantages. reporting SUITE & RELATED INFORMATION SCOPE AND BOUNDARY. This Report should be read in conjunction with the other reports Unless otherwise indicated, the information in this Report reflects Our Business Provides an overview of Sunway's business strengths and how these are leveraged upon for in Sunway Berhad's 2020 integrated Annual Report Suite for a data and activities of the Group for the financial year ended 31. Strengths value creation. comprehensive account of our value creation process.
8 December 2020 (1 January to 31 December 2020). The suite consists of: Our External Information on what external factors are impacting the Group and its business model and how integrated Annual Report 2020 (hardcopy and online publication) FORWARD LOOKING STATEMENTS. Environment these lead to the development of risks or business opportunities. Sustainability Report 2020 (online publication) This report contains forward-looking statements discussing targets, Corporate Governance Report 2020 (online publication) future plans, operations and performance of the Group based on reasonable current assumptions. As our business operates in an Our Risks and A description of all major risks faced, the potential and actual impacts as well as the Group's Additional information on Sunway Group's robust framework ever-changing environment, it is subject to uncertainties that could Challenges mitigation measures.
9 Of corporate governance, organisational policies and codes cause our plans and results to differ from those reflected in these of conduct can be found on the company's website at statements. Opportunities Key business goals as well as emerging opportunities are identified and explained as part of the and Strategic FEEDBACK. Group's future focus and orientation for the coming year. Priorities APPLIED FRAMEWORKS Feedback, suggestions or enquiries on this report may be sent to: International integrated Report Council ( IIRC ) Principles Based Framework Group Value A summary overview of Sunway's value creation process encompassing resources consumed The Companies Act 2016 ( Act ). Creation Model and values created, both financial and non-financial.
10 Main Market Listing Requirements ( MMLR ) of Bursa Malaysia DIRECTORS' STATEMENT OF RESPONSIBILITY. Securities Berhad The Board of Directors of Sunway has applied its collective mind to Malaysian Code on Corporate Governance 2017 ( MCCG 2017 ) present a balanced and comprehensive integrated Annual Report Our Industry A summary review of each business division, providing key information such as business Bursa Malaysia Sustainability reporting Guide Second Edition based on good governance practices and guided by IIRC's <IR>. Strategic Profiles strengths and strategies, highlights and achievements as well as risks and strategic priorities. Malaysian Financial reporting Standards ( MFRS ) Framework. International Financial reporting Standards ( IFRS ).