At OpenMove AI Berhad (formerly known as Rexit Berhad), sustainability has always been at the heart of our corporate purpose. As we evolve from a digital insurance solutions provider into a next-generation AI-driven enterprise platform, our commitment to sustainable growth, transparency, and responsible innovation remains unchanged.

Our approach is guided by Environmental, Social and Governance (ESG) principles that align with global sustainability standards. We integrate these values into every aspect of our operations, from how we innovate and manage our people to how we support our partners and deliver value to shareholders.

Through continuous improvement and strong governance, we aim to build an organisation that not only performs financially but also contributes meaningfully to society and the environment.

Sustainable growth is prioritised through the management of economic, environmental, and social (“EES”) risks. Our strategy builds resilience against challenges like climate change and supply chain disruptions, aiming to create a strong and sustainable business model.

At OpenMove AI, the focus is on long-term sustainability to enhance our competitive edge and create value for stakeholders in a dynamic business environment. Our Sustainability Statement and Annual Report 2024 detail our business performance and strategies for value creation. We encourage you to delve into both reports for a thorough understanding of our approach.

This statement covers OpenMove AI sustainability performance in Malaysia for the financial year from 1st July 2023 to 31st December 2024. No historical data is available as this is our inaugural report.

Scope

This report includes all operations directly managed by OpenMove AI. The disclosure of our sustainability-related data is based on the indicators set by Bursa Malaysia under the Sustainability Reporting Framework. We have ascertained the quality of disclosures by adherence to relevant regulatory requirements, industry standards and reporting guidelines.

All the information and data in our Sustainability Statement are from our company internal records and documents.

Sustainability Governance

Strong corporate governance serves as the cornerstone of our long-term success and sustainability. Our governance structure is designed to promote transparency, accountability, and integrity at every level of our organisation. This structure ensures that we operate in the best interests of our stakeholders.

Sustainability Governance Structure
Board of Directors

Our Board of Directors are responsible for driving sustainability in Rexit. The Board is to review and approve Rexit sustainability strategies and initiatives while ensuring the internal controls are aligned to our business processes.

Sustainability Working Commitee

Senior Management

The Board is supported by a Working Committee chaired by the Chief Operating Officer (COO) and backed by the Senior Management. The Working Committee’s role is to develop sustainability goals, targets and to supervise all sustainability-related initiatives.

Sustainability Working Group

Heads of Departments and key members

The Working Committee is supported by a working team consists of the Heads of Departments and a team of key members across departments who are tasked to implement the sustainability initiatives and report the progress to the Working Committee and the Board.

Stakeholder Engagement

OpenMove AI maintains transparent communication with our stakeholders to effectively understand their concerns and respond accordingly.

Engagement Channels

Email and phone
Social media
Annual evaluation

Needs and Expectations

Product/service quality and support
Customer experience
Prices
ESG practices and commitments

OpenMove AI had conducted a comprehensive materiality reassessment to align sustainability strategies with recent internal and external developments.

This process identified critical sustainability issues impacting the company and its stakeholders. The results guide strategic focus on prioritized EESG (Environmental, Economic, Social, and Governance) topics in planning and engaging stakeholders. Regular monitoring will track progress towards sustainability goals.

Materiality Process

01

Identification & categorisation
Subsidiary (Rexit Software Sdn Bhd) granted MSC Malaysia Company Status by the Malaysian Multimedia Development Corporation.

02

Stakeholder Engagement
Stakeholders’ needs and expectations were integrated by engaging identified groups to determine sustainability performance and disclosures.

03

Prioritisation
Sustainability topics were identified, consolidated, and prioritised based on their relevance to OpenMove AI's business operations and stakeholder importance.

04

Validation & Approval
The Materiality Matrix was then presented to the Senior Management and Board of Directors for verification and approval.
Materiality Matrix

In FYE 2024, 15 material sustainability topics were placed on the materiality matrix to show importance to OpenMove AI and their stakeholders. We use GRI standards from the Bursa Malaysia Sustainability Reporting Guide to create a materiality matrix, prioritising our key sustainability topics for impactful decision-making.

The sustainability issues mapped on the upper right-hand quadrant of the matrix are deemed most significant by both OpenMove AI and our stakeholders. OpenMove AI’s top three priority sustainability topics are Customer Privacy, Anti-Corruprion and Risk Management. The subsequent sections of this Sustainability Statement provide details about OpenMove AI’s strategy to each material topics.

Sustainability Strategies

OpenMove AI sustainability strategies aligns with the committed SDGs and corresponding GRI indicators.

GRI Indicator

201: Economic Structure

SGDS

GRI Indicator

301: Materials

302: Energy

303: Water and Effluents

305: Emissions

306: Waste

SGDS

GRI Indicator

403: Occupation Health and Safety

404: Training & Education

405: Diversity and Equal Opportunity

412: Human Rights

SGDS

GRI Indicator

102-18: Governance Structure

2-23: Values, Standards & Code of Conduct

102: Risk Management

418: Customer Privacy

205: Anti-Corruption

SGDS

Summary

OpenMove AI remains dedicated to advancing its ESG objectives, aligning corporate strategy with sustainability principles, and driving positive impact across economic with environmental, social, and governance domains. By prioritising transparency, accountability, and innovation, OpenMove AI aims to create long-term value for stakeholders while contributing to a sustainable future.

Economic

Sustaining long term growth

Environment

Promote sustainable practices and protect the environment

Social

Investing in our people and community

Governance

Prioritising governance with transparency, accountability and innovation