WASCO BERHAD 72 SUSTAINABILITY REPORT Opportunity Category Opportunity Relevant to Wasco Potential Impacts to Wasco (Non-Exhaustive) Energy Source: Use of green or renewable sources of energy, and exploration of carbon trading platforms • Use of lower-emission sources of energy • Participation in carbon markets • Avoided penalties, legal action, and reputational risks due to noncompliance with climate regulations • Increased reputation from proactive response to shifts in consumer and investor demands Products & Services: Development of low-emission goods and services, as well as climate adaptation and mitigation solutions • Transition to low-emission products and services • Increased collaboration with external organisations to provide low-emission and climate-resilient solutions • Additional source of revenue from new low-carbon products and services • Increased quality of products and services due to upskilled employees in enhancing low emission-related offerings • More resilient supply chains due to the shift from linear supply chains towards circular business models Market: Exploration of new markets and avenues for lower financing costs with low-carbon products and services • Access to new markets across more climate-conscious consumers • Improved reputation from proactive response to align with shifting consumer and investor demands • Use of public and private sector incentives to fund emission reduction projects • Engagement with a wider customer base across new markets • Increased access to sustainable, green, and/or climate financing to fund research, development, and innovation of low-carbon products and services • Better competitive position, resulting in a larger number of customers as well as higher employee attraction and retention • Increased access to capital markets due to higher market valuation with improved sustainability and climate performance Resilience: Increase in adaptive capacity to respond to climate change • Participation in renewable energy (“RE”) programmes and adoption of energy efficiency measures • Achievement of sustainability certifications and energy labels for energy-efficient products and services • Improved community and consumer resilience • Additional source of revenue from certain RE programmes • Increased value of fixed assets due to better energy performance (e.g. high-risk energy-efficient buildings) • Lower risk of service downtime due to reduced health and safety impacts on the workforce and enhanced reliability of supply chains, particularly for data centre operations
RkJQdWJsaXNoZXIy NDgzMzc=