Cover Rationale
The headline of the cover design - Sustaining Precious Value - refers to Taliworks Corporation Berhad's determination to safeguard our priceless environment. As a company that spearheaded sustainability in Malaysia through its core business activities, it has also built tremendous intrinsic value.
Caring for nature is a theme that flourishes across Taliworks Corporation Berhad's portfolio of businesses. A diamond is featured on the cover to symbolise the company’s enduring value as well as its neverending commitment to sustainability. In addition, there is a hitech grid in the cover design to emphasize the company’s embrace of innovation and advanced technologies.
At A Glance
REVENUE
MILLION
PROFIT FOR THE FINANCIAL YEAR
MILLION
TOTAL SHAREHOLDERS’ EQUITY
MILLION
2022 HIGHLIGHTS
4
star rating
external audits on certificate verification by the MHA, toll collection system, and ISO 9001 recertification
6
external audits on certificate verification by the MHA, toll collection system, and ISO 9001 recertification
RM6.36
million
external audits on certificate verification by the MHA, toll collection system, and ISO 9001 recertification
CHAIRMAN’S STATEMENT
YAM TUNKU ALI REDHAUDDIN IBNI TUANKU MUHRIZ
Independent Non-Executive Chairman
Taliworks has been resilient. While COVID-19 left an indelible mark in our history, leaving many institutions and individuals reeling from the effects of the pandemic, we were fortunate, and through persistence and perseverance, we had a successful year.
There is no denying that rising commodity prices, inflation, regional tensions and resulting supply shortages are emerging risks for 2022. Moreover, the resurgence in COVID-19 cases led by Omicron and its sub-variants continues to be a cause for concern. The global outlook remains weak, where the International Monetary Fund projected (in Jan 2022, before the war in Ukraine) that global economic growth will moderate from 5.9% in 2021 to 4.4% in 2022. In comparison, Malaysia is in a better position, with Bank Negara Malaysia projecting the economy to grow between 5.3% and 6.3%, supported by continued expansion in global demand, relaxation of containment measures, reopening of international borders, improvement in labour market conditions and recovery in private investment.
4 CORE
BUSINESSES
Water Treatment, Supply and Distribution
Highway Toll Concessionaire, Operations and Maintenance Operator
Engineering and Construction
Waste Management
SUSTAINABILITY AT TALIWORKS
To ensure a progressive and inclusive future for all while looking out for business opportunities and risks, Taliworks (or the “Group”) has incorporated key Economic, Environmental and Social (“EES”) considerations into our operations, focusing on sustainability as a roadmap for shared success. As a provider of essential infrastructure and services, we believe these considerations will enable us to generate long-term shareholder value, lay the foundation for a sustainable society while playing an important role in advancing the interest of other stakeholders.
OUR ROADMAP
2017
Laying the Groundwork
- Identified sustainability issues and established performance indicators
2018 - 2019
Instilling Sustainability
- guided our divisions in identifying relevant EES aspects and stakeholders, as well as how sustainability could spur growth, productivity and minimise risk
2020
Guiding Future Direction
- Initiated the development of a Group-wide Sustainability Framework to centre our approach using core pillars and action plans
2021
Activating Sustainability
- Accelerated our EES journey through the formalisation of our Sustainability Framework and setting in motion our progress through calibrating and setting internal time-bound targets
2022 and Beyond
Laying the Groundwork
- Identified sustainability issues and established performance indicators
