17 INTEGRATED ANNUAL REPORT 2024 Overview of Wasco Berhad Key Messages Value Creation Commitment to Governance Sustainability Journey Financial Statements Other Information CHAIRMAN AND MANAGING DIRECTOR/ GROUP CHIEF EXECUTIVE OFFICER’S STATEMENT In Closing Reflecting on this journey, we are personally inspired by the dedication, resilience, and passion our teams have demonstrated across the globe. Behind every achievement is the talent, collaboration, and unwavering commitment of our people, who continually inspire us. With clarity of direction, operational excellence, and a deep sense of responsibility toward our stakeholders, we build toward a stronger, more sustainable Wasco. Shareholders can look forward to improved dividend distributions and unlocking greater value from our businesses, facilitating expansion and capturing exciting growth opportunities ahead. To our employees, clients, investors, and partners—thank you for your steadfast support. As we turn to 2025, we carry forward valuable lessons, sustained momentum, and the belief that Wasco’s greatest chapters are yet to be written. Dato’ Seri Robert Tan Chung Meng Chairman Wasco Berhad Gian Carlo Maccagno Managing Director/ Group Chief Executive Officer Wasco Berhad Employee Engagement: Driving a HighPerformance and Inclusive Workplace At Wasco, we recognise that our people are the driving force behind our success. In 2024, we exhibited our commitment to employee engagement through enhanced global mobility programmes, talent development initiatives, and inclusion efforts as we laboured to foster a dynamic and high-performance workplace culture. To promote career growth and crossborder collaboration, we expanded our global mobility framework, enabling employees to gain international exposure and develop critical skills in key markets. Our other talent development initiatives include structured leadership training, upskilling programmes, and mentorship opportunities, all of which equip our workforce with the expertise required to navigate the dynamic energy landscape. In line with our commitment to diversity, equity, and inclusion, we introduced targeted initiatives to promote a more inclusive work environment, ensuring equal opportunities for all employees regardless of their background, gender, or experience. Wasco bagging double win at The Edge ESG Awards 2024. 1 At the point of writing, global economic growth is expected to stay below pre-pandemic trends, despite showing remarkable resilience, with growth projected at 2.8% in 2025, the same as in 2024. ² Source: GlobalData, Pipelines Database, August 2024. Proprietary report. ³ Source: International Energy Agency, Net Zero by 2050: A Roadmap for the Global Energy Sector, 2021. Available at: https://www.iea.org/reports/ net-zero-by-2050 4 Source: Reccessary, ASEAN Renewable Energy Growth Faces Hurdles Despite Climate Urgency, 6 February 2025. Available at: https://www. reccessary.com/en/research/asean-renewableenergy-growth
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