35 INTEGRATED ANNUAL REPORT 2024 Overview of Wasco Berhad Key Messages Value Creation Commitment to Governance Sustainability Journey Financial Statements Other Information KEY MARKET TRENDS DEMAND FOR DIGITALISATION IN PROJECT EXECUTION AND ESG MONITORING Market Impact: Clients increasingly expect greater project traceability, safety transparency, and ESG accountability. In response, organisations are adopting digital tools to mitigate risks, enhance cost efficiency, and strengthen stakeholder reporting. • Scaling our AI-enabled CARE Card system to improve site safety, training compliance, and incident prevention across our fabrication yards and coating plants. • Deploying our Governance and Environmental Dashboards to track real-time ESG performance across geographies. • Integrating digital tools in project and supply chain management to meet client sustainability expectations and improve delivery transparency. • Piloting predictive maintenance and asset health analytics to reduce downtime and improve service quality. Wasco’s Responses: 5 OUR OUTLOOK AND STRATEGIC POSITIONING The structural trends reshaping our markets, from decarbonisation and rural electrification to ESG compliance and digitalisation, are long-term in nature. Wasco is not only aligned with these forces, but also well-positioned to lead within them. We see strong prospects in: • Bioenergy system growth in plantation-rich markets. • Pipeline services supporting CCS, hydrogen, and cleaner fuels. • Infrastructure fabrication and EPC for renewable or grid support projects. • ESG-linked capital strategies including sustainability-linked loans. • Digital performance and ESG traceability, increasingly valued in procurement. OUR RESPONSES ARE STRATEGIC, ACTIONABLE, AND IMPACT-DRIVEN Wasco is not merely responding to change – we are actively shaping it. Through sustained investment in our core strengths, deeper integration of sustainability and digitalisation with our operations, and stronger stakeholder engagement, we are charting a clear path forward to achieve resilient, responsible growth. This is a roadmap to ensure not just our relevance, but also our disciplined execution and long-term value creation.
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