72 WASCO BERHAD SECTION 4 SUSTAINABILITY JOURNEY Working Level The successful implementation of our sustainability strategy relies on our dedicated teams at the working level. This tier is responsible for operationalising the directives from our management committees and embedding sustainability practices throughout the Group. Group Sustainability (“GS”) Our dedicated GS function, led by the Head of Sustainability, acts as the central coordinating body for our sustainability efforts. Overseen by the Group Chief Strategy Officer, GS supports the SSC by: • Developing and maintaining the Group’s overarching sustainability framework. • Monitoring and analysing sustainability performance data from the BUs. • Building capacity and raising awareness on sustainability matters throughout the organisation. • Coordinating the preparation of the annual SR. Business Units (“BUs”) The ultimate responsibility for on-the-ground implementation lies with our BUs. The Heads and Senior Management Team of each BU are responsible for integrating sustainability initiatives into their operational plans, managing timelines, and tracking progress against their specific targets. To ensure robust internal control and accountability, our internal assurance process requires a formal Letter of Assurance for sustainability matters. This letter is signed by both the Head of the BU (typically the General Manager) and the relevant Divisional CEO. This dual-signatory requirement establishes clear lines of ownership, reinforcing accountability for sustainability performance from the operational frontlines through to divisional leadership. Management Level The day-to-day execution of our sustainability strategy is driven at the management level through two key committees: the Sustainability Steering Committee (“SSC”) and the Risk Management Committee (“RMC”). Both committees are responsible for implementing the Board’s strategic direction and providing regular progress reports to the BSC, ensuring a direct line of communication and accountability. Sustainability Steering Committee (“SSC”) The overall management responsibility for sustainability lies with our MD/GCEO, who chairs the SSC. The committee consists of representatives from our Group Sustainability (“GS”) function, selected Heads from key corporate functions, and the Heads of our Divisions. The inclusion of divisional leadership ensures that direct operational perspectives are integrated into our strategic planning and implementation. The SSC is the primary engine for driving sustainability initiatives across the Group. It translates the Board’s strategic vision into actionable plans and is responsible for: • Driving the implementation of the sustainability strategy across all BUs. • Assessing sustainability-related opportunities and developing strategic initiatives. • Recommending sustainability metrics, goals, and targets for the BSC’s review and the Board’s approval. • Monitoring the progress of our sustainability initiatives and reporting our performance to the BSC. • Ensuring collaboration and promoting the sharing of best practices across the organisation to streamline our sustainability approach. Risk Management Committee (“RMC”) The RMC is responsible for managing the Group’s Enterprise Risk Management framework, ensuring that sustainability-related risks, including climate-related risks, are identified, assessed, and managed with the same rigour as all other financial and operational risks. The RMC’s key responsibilities include: • Identifying and evaluating material risks across our operations and value chain. • Developing and implementing effective mitigation strategies and internal controls for these risks. • Regularly reviewing the Group’s risk landscape and reporting its Business Units findings to the BSC. SUSTAINABILITY JOURNEY
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