WASCO BERHAD 46 SUSTAINABILITY REPORT ABOUT THIS REPORT Wasco Berhad and its subsidiaries (“Wasco”) recognises its responsibility to all stakeholders and is committed to reporting its environmental, social and governance performance regularly and transparently. This SR communicates material sustainability information and performance across Wasco’s business operations as a whole. This report covers the reporting period for the financial year 1 January to 31 December 2024. It provides an insight into how Wasco manages its material sustainability risks, issues and opportunities to create economic, environmental and social value. The SR is published annually as part of the Integrated Annual Report, with this Report published in April 2025. Our last SR was published in April 2024. Policy documents mentioned in this report are available on our website at www.wascoenergy.com. SUSTAINABILITY FRAMEWORK AND STANDARDS This SR has been prepared in accordance with the Bursa Malaysia Securities Berhad (Bursa Securities) Main Market Listing Requirements, as well as the Sustainability Reporting Guide and Toolkits (3rd Edition). Other frameworks, standards and guidelines referenced in the preparation of this report include: UN Global Compact’s 10 Principles United Nations (UN) Sustainable Development Goals (SDG) Global Reporting Initiative (GRI) Standards Universal Standards 2021 FTSE4Good Bursa Malaysia Index Greenhouse Gas (GHG) Protocol National Sustainability Reporting Framework International Financial Reporting Standards (IFRS) Notes: 1. National Sustainability Reporting Framework The National Sustainability Reporting Framework (“NSRF”) serves as a crucial guide to align the nation’s sustainability efforts—particularly in reporting—with globally recognised standards established by the International Sustainability Standards Board (“ISSB”), namely IFRS S1 General Requirements for SustainabilityRelated Disclosures, and IFRS S2 Climate-Related Disclosures. 2. International Sustainability Standard Board’s IFRS S2 Standard In October 2023, the Financial Stability Board announced the disbandment of the Task Force on Climate-Related Financial Disclosures (“TCFD”), following the release of the ISSB’s inaugural disclosure standards in June 2023. The ISSB’s climate disclosure standard, IFRS S2 Climate-Related Disclosures, fully incorporates the TCFD’s four core pillars and 11 recommended disclosures, with effect from 1 January 2024. REPORTING SCOPE AND BOUNDARIES The scope of the SR for FY2024 covers all of Wasco’s operations. Wasco reports on an ‘operational control’ basis, focusing on assets, offices and activities where Wasco is the operator and has management control over policies and practices. While we recognise that the operating environments of our Business Units (“BUs”) differ across markets, we have sought to harmonise core reporting areas where possible, while also highlighting notable achievements specific to individual BUs. This SR excludes our Joint Venture (“JV”) companies.
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