96 WASCO BERHAD SECTION 4 SUSTAINABILITY JOURNEY 3. Accessing Sustainable Finance Our strong sustainability performance provides a competitive advantage in accessing capital. This is operationalized through our STFF, a pioneering initiative that embeds our ESG commitments directly into our financial strategy. The STFF is a landmark framework in the region. It is the first in ASEAN to define eligible transition projects based on the latest ASEAN Taxonomy for Sustainable Finance (Version 3) and is fully aligned with the ICMA Climate Transition Finance Handbook. To ensure its credibility and mitigate any risk of “greenwashing,” the framework’s integrity has been independently verified through a Second Party Opinion from DNV. This robust framework has already proven its value by unlocking new forms of capital and creating direct financial incentives for performance: • Inaugural Sustainability-Linked Loan (“SLL”): In October 2024, we secured our first SLL of USD25.0 million. • Conversion of Existing Facilities: In May 2025, we converted existing conventional banking facilities into Sustainability-Linked Financing. • Direct Financial Benefit: These facilities include a tangible incentive for performance – a Sustainability Margin Adjustment of 0.03% per annum reduction on our financing costs upon the attainment of our predefined Sustainability Performance Targets (“SPTs”). This strategic approach to finance not only strengthens our business resilience but also solidifies our reputation as a trusted and transparent leader in the region’s energy transition. OUR ECONOMIC CONTRIBUTION IN NUMBERS In line with the Global Reporting Initiative standards, the following table provides a transparent overview of the direct economic value Wasco generated and distributed to our key stakeholders in 2025. Operating Revenue RM2.6 billion Other Income RM54.6 million Economic Value Generated Minority Shareholders RM21.0 million Community Investment RM0.3 million Shareholders RM38.7 million Employees RM537.0 million Business and Operations RM1.9 million PATMI RM160.5 million Taxes RM39.7 million Economic Value Distributed SUSTAINABILITY JOURNEY
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