WASCO BERHAD 58 SUSTAINABILITY REPORT SUSTAINABILITY RISKS MANAGEMENT At Wasco, we acknowledge the growing impact of sustainability-related risks on our operations, supply chains, and stakeholders. Our Risk Management Strategy is crafted to proactively identify, assess, and mitigate these risks, safeguarding business resilience and fostering long-term sustainability. The strategy follows a structured five-step risk management process, aligned with ISO 31000:2018 as depicted below: At present, sustainability represents one of five risk categories at Wasco. Within this category, there are four areas of focus: Economic, Environmental, Social, and Governance. Scope, Context, Criteria Risk Assessment Risk Categories Risk Identification Risk Analysis Risk Evaluation Risk Treatment Communications & Consultation Monitoring & Review Recording & Reporting Strategic Finance Technology/ Systems Operations Sustainability The actual or potential threat of adverse effects on stakeholders and the economic system at local, national, and global levels. The actual or potential threat of adverse effects on living organisms and the environment resulting from our activities. The actual or potential threat of adverse effects on society and communities, both internally and externally. The actual or potential threat of adverse effects on organisational structures, decisionmaking processes, and accountability mechanisms. Economic E Environmental E Social S Governance G
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