WASCO BERHAD 68 SUSTAINABILITY REPORT Climate-related roles and responsibilities We leveraged our current sustainability governance framework outlined in the Sustainability Governance & Accountability section of this Report to provide effective oversight of climate matters and ensure a consistent response across Wasco. While the ultimate responsibility for climate issues rests with the Board of Directors, there are climate-specific roles cascaded to Board, Management and Working Levels, as well as the BUs, as shown in the table. Board Level Board • Holds overall strategic responsibility and oversight. • Provides oversight on the integration of sustainability into corporate strategy to balance stakeholder interests and create long-term value. • Reviews the progress of Wasco’s Net-Zero Carbon Roadmap rollout. • Approves budgets for climate-related costs in a strategic and responsible manner, ensuring alignment with sustainability goals, stakeholder expectations, and longterm value creation. • Reviews key initiatives and action plans under the hyphenated Carbon Roadmap, evaluating their potential to generate business opportunities. Board Sustainability Committee (BSC) • Provides strategic direction and reviews decisions pertaining to sustainability. • Reviews climate-related risks and opportunities as part of the quarterly meeting agenda. • Assesses general awareness of climate changeas well as the implications of International Financial Reporting Standards (“IFRS”) S1 & S2 standards. • Oversees the formulation of climate-related strategies in alignment with relevant regulations and standards. Management Level Wasco Sustainability Steering Committee (SSC) • Chaired by the MD/GCEO. • Formulates Wasco’s sustainability strategy and monitors the achievement of objectives and action plans. • Serves as a collaborative platform to align sustainability approaches across Wasco and facilitate knowledge sharing between BUs. • Oversees the management of sustainability matters—including climate action and environmental management—on a monthly basis across Wasco. • Monitors progress of climate-related financial disclosure. • Tracks sustainability-related risks and opportunities, sets performance goals, and reports progress to stakeholders. • Responsible for proposing key sustainability and climate-related initiatives such as GHG emissions reduction measures or Net Zero strategy implementation, for Board consideration and approval before implementation. Working Level Group Sustainability (GS) • Consolidates, reports, and manages Wasco GHG emission inventory. • Coordinates cross-departmental climate-related enhancements and initiatives. • Leads the rollout of the Net Zero Carbon Roadmap. • Implements the climate-related financial disclosure framework and performs gap analysis to ensure alignment with relevant standards. • Establishes the GHG emissions baseline and supports target-setting efforts. Business Units (BUs) • Provide regular reports to Wasco on climate-related initiatives as well as their progress against targets. • Support the implementation and monitoring of the Net-Zero Carbon Roadmap and carbon emissions reduction efforts. • Monitor environmental policies, regulatory landscapes, and sustainability systems in their respective jurisdiction to support sustainable operations. • Integrate climate considerations into annual budget planning and performance objective setting. • Oversee major capital expenditures, acquisitions, and divestments through the lens of climate-related risks and opportunities.
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