WASCO BERHAD 66 ENVIRONMENTAL Environmental E Given the urgent global imperative to address climate change, it is crucial to take proactive measures to mitigate its effects and prevent irreversible damage to both the environment and humanity. The widespread consequences of climate change—such as extreme weather, resource shortages, and shifting regulations—pose significant risks to supply chains and can drive up operational costs. These challenges threaten Wasco’s ability to create longterm value for our business and stakeholders, impacting our performance, reputation, supply chain resilience, and overall sustainability. As such, integrating climate considerations into our decision-making processes is not just a necessity, but a fundamental priority. Wasco is committed to providing high-quality services that protect and improve the environment. 60% of our Environmental Management System is ISO14001 certified as of 2024. Failing to address climate change exposes us to a host of potential risks, including stranded assets, short-sighted business strategies, operational disruptions, and reputational harm. Additionally, the growing trend of financial institutions incorporating climate-related criteria into their lending and investment decisions may limit our access to capital, leading to higher financing costs. The rise of carbon pricing mechanisms, with calls for a global carbon price, further highlights the importance of adapting our business models to avoid significant financial repercussions. Proactively addressing climate change is therefore essential—not only for mitigating environmental risks, but also for safeguarding our financial resilience, strengthening our competitive edge, and ensuring long-term success. Wasco’s commitment to practising environmental sustainability is a continuous process. We align our environmental policy and practices with environmental laws and legislations, including strategies to prevent pollution, minimise waste and conserve natural resources where we operate. We received no environmental fines and penalties during the year. Our Approach Environmental Assessment Conduct a comprehensive assessment of environmental issues directly related to our operations. This evaluation will identify key areas where our activities impact the environment, such as resource consumption, emissions, water consumption and waste generation. Data-Driven Tracking and Monitoring Establish robust tracking and monitoring routines to collect relevant data. This information will serve as the foundation for developing measurable targets. By tracking our environmental performance consistently, we can make timely and informed decisions and measure our progress effectively. Strategic Planning for Impact Reduction Develop data-driven strategies and action plans aimed at minimising our environmental footprint. These strategies address critical aspects like energy efficiency, emission reduction, waste reduction and sustainable sourcing. By aligning our efforts with empirical data, we can achieve maximum impact in our sustainability initiatives. Transparent Reporting to Leadership Regularly report our progress to Senior Management and the Board. These reports highlight the implementation of our strategies, their effectiveness, and any adjustments made based on data insights. Transparency ensures accountability and encourages continuous improvement. SUSTAINABILITY REPORT
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