78 WASCO BERHAD SECTION 4 SUSTAINABILITY JOURNEY INDUSTRY ASSOCIATIONS As a leader in the energy sector, Wasco actively collaborates with industry players and esteemed organisations to advance sustainability standards, share best practices, and build a more sustainable economy. Our participation in industry associations and regulatory bodies ensures that we contribute to the development of industry-wide best practices and stay at the forefront of emerging trends in policy, technology, and sustainability. How We Engage (Platforms & Memberships) Key Topics of Engagement (What We Discuss) Our Contribution & Actions (What We Do) • Memberships in Malaysian Oil, Gas & Energy Services Council, Malaysia Gas Association, and Energy Industries Council. • Engagement with Malaysia Petroleum Resources Corporation and ASEAN Taxonomy Board. • Participation in UN Global Compact Network Malaysia & Brunei (“UNGCMYB”) Climate Ambition and IFRS S2 Accelerators. • Submission for National Annual Corporate Report Awards (“NACRA”), a collaborative effort of three bodies, namely, Bursa Malaysia, Malaysian Institute of Accountants (“MIA”) and the Malaysian Institute of Certified Public Accountants (“MICPA”) in efforts to promote excellence and improvement in corporate reporting. • Development of industry-wide safety, quality, and sustainability standards. • Advocacy for the Malaysian energy services sector and local supply chain development. • Best practices on decarbonisation and navigating the energy transition. • Alignment with national and international sustainability frameworks (e.g., NETR and IFRS S2). • Our senior leaders contribute their expertise to shape industry guidelines and policy through active participation in committees and working groups. • We actively share our knowledge on operational excellence and sustainability best practices at industry forums. • In 2025, we participated in the UNGCMYB Climate Ambition and IFRS S2 Accelerators to build our internal capacity and share our learnings with peers. • Our leadership provided direct input to the ASEAN Taxonomy Board on operationalising the taxonomy, demonstrating our thought leadership. WASCO SUSTAINABLE TRANSFORMATION & ETHICAL PARTNERSHIP (“STEP”) PROGRAMME Recognising that our most significant environmental and social impacts lie within our value chain, we launched STEP in 2025. This flagship initiative is our primary vehicle for engaging key suppliers and subcontractors on their sustainability performance, focusing on two core pillars: Climate Action and Human Rights. • Climate Action: In line with the establishment of our Scope 3 emissions baseline in 2025, this pillar begins the crucial process of engaging our suppliers on their carbon footprint. Our initial focus is on capacity building, providing training and resources to help our partners understand and begin to measure their own emissions. This collaborative approach is the first step in our long-term strategy to manage our value chain emissions. • Human Rights: This pillar translates our Human Rights Policy into action. We work with our partners to ensure they meet our standards on labour rights, safety, and business ethics. This includes a specific requirement that all contractors working on our projects must provide worker housing and facilities that adhere to the International Labour Organization’s guidelines and the amended Workers’ Minimum Standards of Housing and Amenities Act 1990 in Malaysia. The overarching goal of STEP is to build a more resilient and responsible supply chain through partnership. We are taking a phased approach, starting with engagement and capacity building, with the long-term objective of gradually integrating these key climate and human rights performance metrics into our formal vendor qualification and evaluation process. SUSTAINABILITY JOURNEY
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