WASCO BERHAD 52 SUSTAINABILITY REPORT Working Level The Working Level, under the Head of Sustainability’s direction and with support from Business Unit Heads, operationalises sustainability strategies by setting timelines, managing implementation, and tracking target achievement. These Business Unit Heads act as conduits for cross-functional collaboration, ensuring initiatives are adopted at the operational level. Group Sustainability GS leads the development of the overarching strategy and framework to drive sustainability initiatives and programmes across Wasco in a structured and cohesive manner. Their responsibilities include monitoring and managing business sustainability practices and targets, keeping abreast of the evolving sustainability landscape, and ensuring the assessment and measurement of Wasco’s sustainability risks and opportunities. The team also provides advisory support and capacity building for the sustainability teams across all BUs and regularly receives sustainability progress updates. Board Level Wasco’s Board holds ultimate responsibility for Wasco’s sustainability agenda, overseeing the integration of sustainability matters into the corporate strategy with the aim of balancing stakeholder interests while ensuring that we grow responsibly and create long-term value. Board Sustainability Committee (“BSC”) The BSC (formerly known as Governance, Compliance and Risk Committee) was established in 2023 to strengthen Board oversight on sustainability issues across Wasco. This initiative underscores our top-down approach and reinforces our commitment to making sustainability a Wasco-wide priority. The BSC also oversees climate-related matters, including risks and opportunities. The BSC comprises a Non-Independent Non-Executive Director and two Independent Non-Executive Directors, with the Committee being chaired by an Independent Non-Executive Director. The BSC met four times in the year under review to discuss various matters, including: • Reviewing Wasco’s sustainability performance and activities. • Recommending enhancements to the SR. • Discussing the Transition Finance Framework. • Evaluating the requirements and adoption of IFRS S1 and S2. Management Level The overall management responsibility and oversight of sustainability-related matters lies with our Managing Director/Group CEO. The Managing Director/Group CEO is supported by the Group Chief Strategy Officer, who oversees GS, along with other Senior Management members responsible for their respective areas. To ensure accountability, sustainability-related KPIs are integrated into the annual remunerationlinked KPIs of our Managing Director/Group CEO as well as BUs’ Senior Leadership Teams. The CEOs of all BUs are also authorised to sign off on sustainability-related governance matters as part of our internal control assurance process. Sustainability Steering Committee (“SSC”) Chaired by the Managing Director/Group Chief Executive Officer, the SSC consists of representatives from GS and selected Heads or nominees from key corporate functions. The SSC is responsible for supporting the management of sustainability matters and ensuring collaboration to streamline Wasco’s approach, and promoting the sharing of best practices across the organisation.
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