98 WASCO BERHAD SECTION 4 SUSTAINABILITY JOURNEY Board-Level Oversight Wasco’s Board of Directors holds the ultimate responsibility for our climate strategy. It ensures that climate-related considerations are integrated into the Group’s overall business strategy, risk management framework, and financial planning. Assisting the Board is the BSC, which provides dedicated oversight of all climate-related matters. The BSC’s key responsibilities include: • Reviewing and endorsing the Group’s climate strategy, transition plan, and key targets. • Overseeing the management of principal climate-related risks and opportunities. • Monitoring our performance against climate-related metrics and targets. • Reviewing and recommending our annual climate-related disclosures to the Board for approval. Board and Management Skills We ensure that our leadership has the necessary skills and competencies to effectively oversee our climate strategy. The Board is guided by the expertise of our BSC Chairperson, Ms. Lily Rozita Binti Mohamad Khairi. To further enhance collective capacity, our Directors participated in climate-related training during the year. The Board and its committees also engage independent advisors and third-party experts as needed to provide specialised insight on emerging climate science, regulations, and market trends, as required. Management-Level Accountability The execution of our climate strategy is driven at the management level by our executive committees, which report quarterly to the BSC. • The SSC, chaired by our MD/GCEO, is responsible for driving the implementation of our climate strategy and decarbonisation initiatives across the business. • The RMC is responsible for identifying, assessing, and managing climate-related risks through our Enterprise Risk Management framework. Working-Level Implementation The day-to-day implementation of our climate-related activities is carried out by our dedicated operational and functional teams. • Our central GS function, led by the Head of Sustainability, is responsible for the technical execution of our climate reporting. This includes managing the Group’s GHG inventory (Scope 1, 2, and 3), tracking performance against climate targets, and preparing our climate-related disclosures in line with IFRS S2. • The Heads of our BUs and their operational teams are responsible for implementing decarbonisation projects on the ground. This includes executing energy efficiency initiatives, managing on-site renewable energy generation, and providing the operational data necessary for accurate emissions tracking. SUSTAINABILITY JOURNEY
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