57 INTEGRATED ANNUAL REPORT 2024 Overview of Wasco Berhad Key Messages Value Creation Commitment to Governance Sustainability Journey Financial Statements Other Information Stakeholder Groups Participating in the Survey Shareholders & Investors Employees Media Customers Vendors & Suppliers Regulators & Authorities The survey invited stakeholder representatives to rate the importance of 18 sustainability topics. Respondents evaluated each area using a 5-point Likert scale ranging from ‘very unimportant’ (1) to ‘very important’ (5), with (3) representing the neutral midpoint. The survey yielded 298 responses from both internal and external stakeholders. As expected, there was a natural skew in representation, with the highest number of responses from employees, and fewer from Regulators & Authorities and the Media. To address this imbalance, we calculated the average score for each topic within individual stakeholder groups, and subsequently derived an overall average rating across all eight stakeholder groups. Members of our Senior Leadership Team and Board also participated in the survey, with their responses representing Wasco’s perspective. Materiality Matrix To interpret the results, we considered scores above 3 as indicating medium to high importance. Stakeholder scores ranged from 4.06 to 4.74, while Wasco’s scores ranged from 3.69 to 4.77, indicating that all identified issues were considered material to some degree. Based on this, we adopted a “material to very material” scale for our matrix, which is presented in the following diagram. Health, Safety and Environment remained the top material matter for both Wasco and our stakeholders. In addition, stakeholders highlighted other key priorities, including Product Quality, Labour Practices, Human Rights, Waste Management, Training & Development, and Diversity, Equity, and Inclusion—all of which will require Wasco’s focused attention. Building on our current progress, we will evolve our materiality assessment in 2025 by fully integrating double materiality principles, strengthening our proactive and adaptive sustainability approach. Our next steps include deepening stakeholder engagement, refining our sustainability priorities in response to emerging trends, and strengthening our reporting frameworks to enhance transparency and accountability. By doing so, we aim to drive long-term resilience and sustainable growth across our operations. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Health, Safety and Environment Product Quality Labour Practices Human Rights Waste Management Training & Development Diversity, Equity and Inclusion Business Ethics Risk Management Product Design Business Model Resilience Energy Management Greenhouse Gas Water Economic Material Sourcing Supply Chain Physical Impact of Climate Change Legend SUSTAINABILITY REPORT Importance to Stakeholders High Low Relevance to Wasco High Low 1 2 3 4 5 6 7 17 18 8 9 10 14 16 11 15 12 13
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