WASCO BERHAD 62 SUSTAINABILITY REPORT The ABC Policy applies to the Board of Directors and employees within Wasco. Majority of the employee completed the necessary initial training on anti-bribery and corruption as well as yearly awareness or refresher trainings pertaining to the same. The Board of Directors oversees our compliance with ABC Policy and the ABMS together with its 24 SOPS via the Governance, Compliance and Risk Committee and the Integrity Committee accordingly. Every employee is responsible for preventing and reporting instances of corruption, bribery, suspicious activity or wrongdoing which may lead to bribery and corruption using our established whistleblowing channels. Wasco recorded zero case related to bribery and corruption and received no (RM0) penalties due to ethical conduct breaches such as corruption during the year under review. A keen understanding of corruption risk exposure is the foundation of an effective anti-corruption compliance programme. Corruption risks, including bribery, are important elements in the BUs risk register. This keen understanding helps the Company design effective mitigation strategies and strategically deploy resources to combat potential bribery, corruption and fraud, especially for high-risk operations. Contractors, subcontractors and third parties are subject to corruption and bribery risk assessments and must declare they are not involved in any misconduct or corrupt, unethical and illegal behaviour. Wasco communicates its anti-corruption policy clearly to these intermediaries. Communicating our Company’s position on anti-bribery and corruption to all stakeholders: • Employees are given an introduction to our antibribery and corruption policy upon joining the Company. • Each employee must sign the ABC Personnel Declaration and return to the Human Resources Department. • Employees are reminded of our Company’s opposition to corruption during regular engagement sessions and training via iLearn • The anti-corruption policy is also communicated to suppliers, contractors, subcontractors, agents, joint venture companies and third parties. Wasco also screens new and existing business partners for corruption and bribery, which is part of due diligence in Wasco’s compliance requirements. Business books and records reflect all business dealings accurately and transparently. Wasco introduced monitoring and enforcement procedures to ensure compliance with anti-corruption laws in Malaysia. Wasco did not make any political contributions in 2024 (RM0). No major disciplinary cases were reported for corrupt practices that resulted in employees’ dismissal. There were no instances of corruption-related violations with our business associates. We have received zero fines and penalties from the authorities during the recent years and reporting period, which demonstrates the effectiveness of our stringent anti-corruption policies and practices. Anti-Money Laundering The Anti-Money Laundering Policy was established on 28 November 2024. This indicates another milestone of Wasco’s commitment in adhering to high ethical standards of business conduct in order to combat money laundering and terrorism financing within Wasco. This policy complements and to be read in conjunction with the ABC Policy and the Whistleblowing Policy amongst other relevant policies. Whistleblowing Wasco’s whistleblowing policy applies to all employees and external parties who have business relationships with the Group. Our Whistleblowing Policy is aligned with the ISO 37001:2016 Clause 8.9 Raising Concern. Individuals raising concerns or reporting possible violations of the Code of Conduct in good faith are: • Protected from any forms of retaliation; and • Treated with the utmost confidentiality. Whistle-blowers are encouraged to raise their concerns and report to the Managing Director/Group Chief Executive Officer, Gian Carlo Maccagno or to the Chairman of Audit Committee, Datin Wan Daneena Liza Binti Wan Abdul Rahman, confidentially. Senior officers have been trained to handle these reports, corruption, harassment, bribery, financial irregularity and other offences.
RkJQdWJsaXNoZXIy NDgzMzc=