41 INTEGRATED ANNUAL REPORT 2024 Overview of Wasco Berhad Key Messages Value Creation Commitment to Governance Sustainability Journey Financial Statements Other Information HEALTH, SAFETY & ENVIRONMENT The risk of workplace incidents, injuries, environmental harm, or regulatory non-compliance due to the inherently hazardous nature of the Group’s operations. Risk Definition • Failure to adhere to established safe work procedures. • Non-compliance with regulatory safety and operational requirements. • Physical harm to employees, contractors, and/or nearby communities. • Asset damage resulting in plant slowdown or shutdown. • Legal action, stop-work orders, and/or penalties imposed by regulatory authorities. • Significant recovery costs associated with injuries, accidents, and operational disruptions. Risk Trends and Impacts Potential Impact to the Group Existing Controls • Established safety management system and behaviour-based safety programmes to promote a strong safety culture. • Code of Conduct implemented and effectively communicated to all employees to reinforce responsible behaviour. • Established whistleblower process and daily safety observations to identify and address potential risks proactively. • Business Conduct Undertaking signed by vendors to ensure compliance with safety standards. • Rigorous selection and recruitment process to identify and appoint competent leaders responsible for business operations. • Use of CARE Cards, an internal HSE platform, to document safety observations and incidents for continuous improvement. • Regular management walkabouts to engage with employees, reinforce safety practices, and ensure compliance with HSE standards. • Ongoing assessment and monitoring of the effectiveness of existing controls. Mitigation Measures Results of Mitigation Measures KEY RISK AND MITIGATION STRATEGIES Medium
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