173 SECTION 5 COMMITMENT TO GOVERNANCE INTEGRATED ANNUAL REPORT 2025 b. The BSC progressively reviewed the financial obligation and banking facility limits to monitor the Group’s financial position and borrowings. c. The BSC noted, during its meeting on 25 November 2025, that Wasco Management Services Sdn. Bhd. (“WMS”), a subsidiary of Wasco Berhad, had successfully obtained the ISO/IEC 27001 certification and duly implemented on the International Standard for Information Security Management System (“ISMS”). 4.2 Sustainability a. On 20 February 2025, 7 April 2025, 23 May 2025, 27 August 2025 and 25 November 2025 respectively, the BSC reviewed the Sustainability Reports prepared by the Group Sustainability Unit to ensure the formulated sustainability strategies, objectives and action plans were implemented in accordance with the following identified United Nations Sustainable Development Goals (“UNSDGs”) adopted by the Group: • UNSDG No. 3: Good Health and Well-Being • UNSDG No. 5: Gender Equality • UNSDG No. 8: Decent Work and Economic Growth • UNSDG No. 13: Climate Action b. The BSC reviewed and enhanced the Group’s sustainability framework to ensure it remains aligned with evolving regulatory requirements and reporting standards. Besides, the BSC also monitored the integration of sustainability-related risks and opportunities into the Group’s risk management processes, and reviewed sustainability disclosures for consistency with regulatory and internal governance standards. The BSC was updated on ongoing initiatives in environmental stewardship, value chain engagement, and organisational awareness, and provided guidance on emerging sustainability developments. c. In support of these efforts, the Company launched Wasco Forest 2.0 to plant an additional 840,000 trees, building on the 160,000 trees already planted, as part of its one-million-tree reforestation goal at the Berkelah and Lepar Forest Reserve, in collaboration with the Forestry Department of Pahang and with expert support from Forest Research Institute Malaysia (“FRIM”), University Putra Malaysia (“UPM”), and Eco-Ideal Consulting. d. Additionally, the Wasco Women Action Network (“WWAN”) was established in March 2025 under the Group’s Diversity, Equity and Inclusion initiatives, with the SSC receiving quarterly updates on its activities and programmes. 4.3 Anti-Bribery and Corruption Compliance a. On 20 February 2025, 7 April 2025, 23 May 2025, 27 August 2025 and 25 November 2025 respectively, the BSC deliberated on the updates of activities undertaken and discussed at the respective Integrity Committee meetings held quarterly to ensure that the proposed measures and initiatives to prevent bribery and corruption within the Group were adequately in place. b. The BSC at its meetings held on 23 May 2025 reviewed the outcome of the ISO 37001:2016 SIRIM Recertification Audit for WMS and noted that there was no issue of non-conformity. The ISO 37001:2016 SIRIM certification for WMS had been successfully renewed, and valid until April 2027. c. Following the enhancements and amendments made to the Whistleblowing Policy to further strengthen the reporting channel and framework for the whistleblowing cases, the (ISO 37001 ABMS) Whistleblowing SOP (“SOP 23”) has been revised accordingly. In addition, SOP 23 and the (ISO 37001 ABMS) Investigation and Referring to Authorities SOP (“SOP 24”) are consolidated into a single document, which is now maintained as SOP 23. The Group’s ABMS framework now comprises the ABMS Manual together with its 23 Standard Operating Procedures (“SOPs”). d. On 25 November 2025, the BSC had reviewed on the relevant changes arising from the transition of ISO 37001:2016 Standards to ISO 37001:2025 Standards, and assessed their implications on the Group’s ABMS manual and its 23 Standard Operating Procedures. BOARD SUSTAINABILITY COMMITTEE
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