71 SECTION 4 SUSTAINABILITY JOURNEY INTEGRATED ANNUAL REPORT 2025 SUSTAINABILITY JOURNEY Board Level Wasco’s Board of Directors holds ultimate responsibility for our sustainability agenda. It oversees the integration of material sustainability matters, including climaterelated risks and opportunities, into the corporate strategy to ensure we grow responsibly and create longterm value for all our stakeholders. The Board’s key responsibilities include: • Strategic Direction: Approving the Group’s sustainability strategy. • Risk Oversight: Ensuring sustainability-related risks are effectively identified, managed, and mitigated. • Target Approval: Overseeing and approving the Group’s key sustainability goals and targets. • Resource Allocation: Approving the necessary resources for the effective management of sustainability initiatives. The Board acknowledges the importance of having the necessary skills to govern our sustainability agenda effectively. It is guided by Ms. Lily Rozita Binti Mohamad Khairi, who serves as the Chairperson of the Board Sustainability Committee. She provides the Board with specialised insight into our sustainability strategy and emerging ESG trends. Directors also participate in sustainability-related training to strengthen collective capability. To reinforce accountability, the Board, through its Nomination and Remuneration Committee, has incorporated specific ESG-related Key Performance Indicators (“KPIs”), including climate-related targets, into the compensation structure for Senior Management Team for 2025. Board Sustainability Committee (“BSC”) Assisting the Board is the BSC, which provides dedicated oversight of sustainability and climate-related matters. The BSC comprises a Non-Independent Non-Executive Director and two Independent Non-Executive Directors, with the Committee being chaired by an Independent Non-Executive Director. The BSC met five times in 2025, which included four quarterly meetings and one special meeting for the final review of this SR. The Managing Director/Group Chief Executive Officer (“MD/GCEO”), Chief Financial Officer, and Chief Strategy Officer attend these meetings by invitation to provide management updates and insights, ensuring the committee maintains its independent oversight function. The BSC is responsible for: • Reviewing and monitoring the Group’s sustainability performance against its goals and targets. • Overseeing the effectiveness of the Group’s antibribery and corruption, risk management, and internal control frameworks. • Overseeing the development and integrity of this Sustainability Report and recommending it to the Board for approval. • Guiding management on emerging sustainability trends and the adoption of new standards, such as IFRS S1 and S2. • Reviewing the Group’s strategy on climate-related matters and its progress against relevant metrics and targets.
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