Wah Seong Corporation Berhad Annual Report 2020

12 WAH SEONG CORPORATION BERHAD SUSTAINABILITY APPROACH AT “WASCO” While a formal policy has been in place since 2012, the sustainability practice has been apparent in WASCO’s day-to-day operations even before this date. The Chief Executive Officer of WASCO champions the sustainability agenda and ensures that each of WASCO’s global operations abides by the policy. The implementation is formally tracked and measured for each operation via a robust MyGoals performance management system. WASCO conducts its materiality review every year to identify the sustainability matters that are important and relevant to the Company and its stakeholders. The result would help WASCO to address and manage the material sustainability matters. WASCO’s identifies its materiality matters based on its strategic priorities as set out in the following diagram: Core Values Mission Vision Safety Brand People Profit Based on the strategic pillars, material topic as an “EES” issues of critical importance both to stakeholders and the long term success of WASCO is identified and are aligned with internal governance processes and operational imperatives and are therefore managed as part of internal processes and procedures that answer to both regulatory requirements and also internal Key Performance Indicator (“KPI”). SUSTAINABILITY STATEMENT