WASCO BERHAD 34 KEY MARKET TRENDS INFRASTRUCTURE MODERNISATION AND ENERGY ACCESS IN EMERGING MARKETS Market Impact: Emerging economies are ramping up infrastructure investments to meet growing energy demand, enhance reliability, and reduce reliance on outdated, high-emission systems, with efforts spanning both conventional and renewable energy sources. • Expanding our engineering and fabrication capacity, particularly at our facility and jetty in Batam, Indonesia, to support growing EPC project delivery. • Participating in renewable projects such as wind farm components in Scotland and solar substations in Taiwan. • Strengthening local content and site delivery models to meet regional procurement requirements and reduce logistics-related emissions. Wasco’s Responses: 3 ESG-LINKED PROCUREMENT, CAPITAL ACCESS AND CARBON POLICY PRESSURES Market Impact: Customers and financiers are increasingly requiring ESG compliance from suppliers, while regulators and trading schemes are tightening rules on emissions disclosures and carbon pricing. Access to capital is also increasingly tied to sustainability performance. • Launched STFF - the first in ASEAN - to align our funding strategy with green principles. • Expanding the Wasco Forest reforestation programme, with a new phase covering up to 670 hectares to support biodiversity and long-term offset targets. • Continuing to enhance our ESG disclosures to strengthen our appeal to long-term, sustainabilityfocused investors. Wasco’s Responses: 4
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