104 WASCO BERHAD SECTION 4 SUSTAINABILITY JOURNEY ENVIRONMENTAL PERFORMANCE: METRICS AND TARGETS Our commitment to environmental stewardship is grounded in a systematic and data-driven approach. This ensures that we can make timely, informed decisions, measure our progress effectively, and remain accountable to our stakeholders. Our environmental management system is guided by the following four-step process: Our Path Forward in Climate Disclosure The completion of our first comprehensive Climate Change Risk Assessment in 2025 is a foundational milestone in our journey towards full IFRS S2 alignment. We recognise that this is an iterative process, and we are committed to enhancing our disclosures in future reporting cycles. Our key focus areas for improvement include: • Detailed Management Strategies: Building on this foundational assessment, our future reporting will provide more detailed disclosures on the specific management strategies and action plans we are implementing to manage each of our principal climate-related risks. • Integration into Financial Planning: The findings of this assessment are being reviewed by Senior Management Team and the Board. The insights gained will be progressively integrated into our Group’s financial planning processes, including capital allocation, asset valuation, and impairment testing, to ensure a holistic approach to managing climate-related financial impacts. • Quantifying Financial Effects: As we mature our internal processes, our approach to quantifying the financial effects of climate change will become increasingly sophisticated. We will adopt a focused approach, prioritising the quantification of financial effects for the risks and opportunities deemed most critical to our business resilience and strategic adaptation. This will include, where practicable, providing greater detail on our climate-related capital expenditures and the potential financial impacts of our principal identified risks. Climate and Energy Managing our energy consumption and the resulting GHG emissions is the cornerstone of our environmental strategy. We track our performance meticulously in line with the GHG Protocol Corporate Accounting and Reporting Standard. Our GHG Reporting Approach To ensure our emissions data is accurate, consistent, and transparent, we adhere to the following principles: • Organisational Boundary: We consolidate our GHG emissions data based on the operational control approach. This boundary includes 100% of GHG emissions from operations where Wasco has direct management control. • Scope Definitions: – Scope 1: Direct emissions from sources owned or controlled by Wasco. – Scope 2: Indirect emissions from the generation of purchased electricity consumed by Wasco. – Scope 3: All other indirect emissions that occur in oaur value chain. 02 Transparent Reporting to Leadership We regularly report our progress to Senior Management Team and the Board, highlighting the implementation of our strategies and their effectiveness to ensure accountability and drive continuous improvement. Strategic Planning for Impact Reduction We develop datadriven strategies and action plans aimed at minimising our environmental footprint, addressing critical aspects like energy efficiency, emission reduction, and waste reduction. Data-Driven Tracking and Monitoring We have established robust tracking and monitoring routines to collect relevant data, which serves as the foundation for developing measurable targets. Environmental Assessment We conduct comprehensive assessments of the environmental issues directly related to our operations, identifying key impact areas such as resource consumption, emissions, and waste generation. 01 03 04 SUSTAINABILITY JOURNEY
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