WASCO BERHAD 78 SUSTAINABILITY REPORT Organisational Targets for Managing Climate-Related Risks and Opportunities, and Performance Evaluation Against these Targets Within Wasco, sustainability considerations are integrated across our business and guided by clearly defined targets. In relation to climate, we have set a target for our emissions. To track our near-to long-term sustainability performance, we have included an overall climate goal of achieving net-zero emissions by 2050. This long-term target is also supplemented by our interim targets, as outlined below: Wasco’s Environmental Performance Targets Greenhouse Gas Emission Reduction Scope 1 Emission intensity from stationary combustion by 5%. Coverage: entire Group (100%) • Stationary combustion • Company-owned vehicles • Refrigerant leakage • Fire suppression • Welding Scope 1 & 2 a) Achieve net-zero carbon emissions for Scope 1 and 2 by 2026. b) Net Zero emissions by 2050. Strategy Wasco is undertaking a series of proactive initiatives and developed plans for the achievement of this environmental performance target. Ongoing initiatives include: • Subscribed to TNB’s Green Electricity Tariff (GET) Programme; • Launched a pilot tree-planting programme at Wasco Forest; • Phasing out diesel-fueled air compressors and power generators across all operations; • Deployed mobile tower lighting powered by solar and battery instead of diesel; • Utilising natural gas for all industrial burners; • Reducing reliance on liquefied petroleum gas; • Introduced the “Benefit of Walking” Campaign to encourage walking over vehicle use; • Periodic maintenance of plant equipment to optimise fuel efficiency; • Adopted Euro 6 standard vehicles, to enhance energy efficiency and reduce emissions; • Transitioned to arc welding for improved energy use; • Rolled out an Energy-Saving Awareness Campaign; • Enabled hibernation features on all computers; • Installed timers/and sensors for lighting, air conditioners, hydraulic power packs, and blowers; • Replaced malfunctioning bulbs with energy-efficient LED lights; and • Installed solar power systems at production facilities. Upcoming initiatives include: • Installation of solar panels at our Kuantan facility; • Transitioning of Qatar operations to grid energy; • Complete phasing out of combustion-based energy sources; and • Launch of Phase 2 of Wasco’s tree-planting programme, to cultivate a diverse range of CO2-sequestering plants across 670 hectares, totalling an estimated 1 million trees.
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