45 INTEGRATED ANNUAL REPORT 2024 Overview of Wasco Berhad Key Messages Value Creation Commitment to Governance Sustainability Journey Financial Statements Other Information SUSTAINABILITY REPORT DIVERSITY AND INCLUSION Female representation in our senior leadership remained steady at 14%, with an aspirational target of 30%. To support this goal, we have ongoing initiatives to further advance diversity and inclusion across our organisation, including key events planned in 2025. REFORESTATION PROJECT In 2024, we closely monitored the growth and health of Wasco Forest – our first reforestation project – and conducted an extensive soil carbon stock study to accurately quantify carbon sequestration. We are pleased to report that the 160,000 trees planted in 2022 are thriving. Building on these insights, we are preparing the next phase of our reforestation programme on newly designated land awarded to us by the Pahang Forestry Department for this initiative. Our target is to plant 110,000 trees in 2025, advancing toward our ultimate goal of replanting 1 million trees. These focused actions contribute meaningfully towards global sustainability goals, especially SDG 12 (Responsible Consumption and Production), SDG 13 (Climate Action), and SDG 15 (Life on Land). INDUSTRY RECOGNITION AND ESG ACHIEVEMENTS Our continuous ESG advancements received external validation through two prestigious silver awards at The Edge Malaysia ESG Awards 2024: Best in Energy Sector and Most Improved ESG Performance Over the Past Three Years (RM800 Million - RM5 Billion Market Capitalisation Category). Additionally, our FTSE ESG rating improved from 4.0 to 4.1, reaffirming our commitment to globally recognised sustainability standards while strengthening stakeholder confidence, investor trust, and our corporate reputation. LOOKING AHEAD: FROM STRATEGY TO STEWARDSHIP As we look ahead to 2025 and beyond, we are determined to continue deepening our sustainability efforts. We will further enhance our transparency through expanding our Scope 3 emissions disclosures, providing greater insight into our overall environmental footprint. We will also embed more circular economy practices into our operations to promote resource efficiency and responsible consumption. In addition, we will continue to strengthen our sustainable procurement engagements, fostering ethical sourcing and responsible partnerships across our value chain. We will concurrently undertake our first comprehensive double materiality assessment to strategically align our sustainability priorities with long-term business resilience. This initiative will ensure that our approach effectively addresses both stakeholder expectations and core business imperatives. We also intend to expand our decarbonisation partnerships beyond our core infrastructure services. With the successful pilot initiative with Hydra Energy in 2024, we will continue to evaluate the potential to scale this model, a key step in expanding our role in the low-carbon mobility ecosystem. Diversity and inclusion remain integral to our mission. We are strengthening our focus on gender equality and inclusive leadership with the formalisation of the Wasco Women Action Network, which will serve to drive visibility, advancement, and advocacy for women across Wasco. Related to this is our commitment to human rights, which we will continue to reinforce through enhanced risk mapping, supplier due diligence, and targeted awareness programmes, ensuring our global footprint upholds the highest ethical standards at all times. Last but not least, to elevate transparency and investor confidence, we will incorporate climate-change scenario analyses into our climate-related disclosures, thereby aligning ourselves with emerging global expectations under IFRS S2. As we embed these commitments into our strategic roadmap, we reaffirm our dedication to leading with purpose, accountability and long-term vision. At Wasco, sustainability is not a one-time ambition, but a continuous journey of listening, learning, and leading with purpose. Through strategic clarity and collective resolve, we will continue to create a meaningful impact within our business and beyond. Thank you for your continued trust and partnership. ARIESZA NOOR Chief Strategy Officer Wasco Berhad ARIESZA NOOR Chief Strategy Officer
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