125 SECTION 4 SUSTAINABILITY JOURNEY INTEGRATED ANNUAL REPORT 2025 Our commitment to anti-corruption extends beyond policies to tangible actions and continuous oversight. The ABC Policy applies to the Board of Directors and all employees of Wasco. The majority of our employees have completed the necessary initial training on anti-bribery and corruption, as well as yearly awareness and refresher programmes. The Board of Directors oversees compliance with the ABC Policy and the ABMS framework, supported by the BSC and the Integrity Committee. Every employee is responsible for preventing and reporting instances of corruption, bribery, suspicious activity, or wrongdoing through our established whistleblowing channels. Our risk assessment process includes a specific focus on identifying and mitigating bribery and corruption risks associated with our operations. Contractors, subcontractors, and third parties are also subject to corruption and bribery risk assessments. They are required to declare that they are not involved in any misconduct or unethical, corrupt, or illegal behaviour. Wasco communicates its anti-corruption expectations clearly to these intermediaries. Communicating Our Anti-Corruption Position: • Employees are introduced to our ABC policy upon joining the Company. • All employees must sign the ABC Personnel Declaration and submit it to the Human Resources Department. • Employees receive regular reminders through engagement sessions and training via i-Learn. • The ABC policy is communicated to suppliers, contractors, subcontractors, agents, joint venture partners, and other third parties. Wasco also conducts screening of new and existing business partners as part of its due diligence process in line with compliance requirements. 2025 Performance: Reportable Cases Wasco recorded zero cases related to bribery and corruption and incurred no penalties for ethical breaches during the year under review. The Group also made no political contributions. No major disciplinary actions involving corrupt practices resulted in employee dismissal, and there were no reported corruption-related violations involving business associates. Additionally, no fines or penalties were imposed by authorities during the reporting period, demonstrating the effectiveness of our anti-corruption framework. ANTI-MONEY LAUNDERING The Anti-Money Laundering Policy was established on 28 November 2024, marking another milestone in Wasco’s commitment to upholding high standards of ethical business conduct in combating money laundering and terrorism financing. This policy complements and should be read in conjunction with the ABC Policy, Whistleblowing Policy, and other relevant policies. WHISTLEBLOWING Wasco’s Whistleblowing Policy applies to all employees, directors, shareholders, and business associates across the Group. It provides secure and confidential channels for reporting misconduct, as defined under the Policy. The Policy is aligned with ISO 37001:2016 Clause 8.9 (Raising Concerns), Whistleblower Protection Act 2010 (Malaysia), and other applicable laws and regulations. Individuals who raise concerns in good faith are: • Encouraged and enabled to report actual or suspected misconduct; • Allowed to report anonymously; • Protected from any form of retaliation; and • Assured of strict confidentiality. The Policy was enhanced to strengthen the reporting framework, including the introduction of a third reporting channel to the Chairman of the Board for cases involving Board members. Whistleblowers are encouraged to report concerns to the Managing Director/Group CEO for cases not involving top management, or to the Chairman of the Audit Committee for cases involving top management. A Whistleblowing Flowchart has also been established to clearly outline escalation procedures through appropriate reporting channels, reinforcing a structured, transparent, and confidential reporting mechanism. All allegations are treated with the utmost seriousness. Authorised teams conduct impartial and thorough investigations to ensure concerns are addressed fairly, confidentially, and decisively. 2025 Performance: Whistleblowing Cases The Group recorded zero reportable whistleblowing cases during the financial year. SUSTAINABILITY JOURNEY
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