Wah Seong Corporation Berhad Annual Report 2020

14 WAH SEONG CORPORATION BERHAD SUSTAINABILITY MATERIALITY MATRIX WASCO conducted its materiality assessment in 2020 to continue to prioritise, refine and streamline the Company’s sustainability work and reporting. t Transparency t Diversity and Inclusion t Gender Equality t Business Continuity t Health, Safety & Environment t Ethics and Anti-Corruption t Innovation t Quality Excellence t Net Zero t Workplace Conditions t Training and Development t Cyber Security & Data Protection t Responsible Procurement t Responsible lobbying t Corporate Social Responsibility t Mental Health & Wellbeing Impact to the business Low High High Core Values Mission Vision Safety Brand People Profit Importance to stakeholders As a result of the assessment, three (3) of which were regarded as high materiality topics in 2020: • Business Continuity • Health, Safety and Environment • Ethics and Anti-Corruption MATERIALITY MATTERS Business Continuity A “Business Continuity Plan” (“BCP”) is vital to ensure that WASCO’s delivery of products and services remains uninterrupted even during emergencies or crisis. We have developed a robust BCP that has allowed us to prepare and respond well that has allowed our operations to function during an emergency or crisis. Our goal is to ensure that we reduce losses and minimise recovery time when a crisis or emergency arises. Analysing and managing the threats posed by any emergency or crisis is critical for our business survival. Our BCP is comprehensive and details our business’s risk management strategies and business impact analysis. It describes how our company intends to respond to an incident, specification of a recovery plan and defined policies and procedures for managing our employees and communication during the crisis. SUSTAINABILITY STATEMENT