80 WASCO BERHAD SECTION 4 SUSTAINABILITY JOURNEY 2. Stakeholder Engagement Stakeholder engagement was conducted to assess the relevance and significance of identified matters from both the impact and financial materiality perspectives. This included in-depth interviews with nine members of Senior Management Team to capture strategic insights, as well as a survey of 48 internal and external stakeholders for structured feedback. For financial materiality, we went a step further by conducting a prioritisation exercise with finance managers from each BU, in order to gain a deeper understanding of the financial implications of these sustainability matters on our business performance and long-term strategic value. 3. Assessment and Prioritisation Our sustainability matters and their associated impacts, risks, and opportunities were assessed using a structured framework derived from stakeholder insights and supplementary desktop analysis. Impact (outward) materiality was evaluated in terms of the scale, scope, and likelihood of the sustainability matter’s impact on the environment and society. We assessed each impact comprehensively, considering their actual and potential positive and negative effects. Financial (inward) materiality assessed each risk and opportunity based on the potential scale and likelihood of the financial effects on the business, as well as the expected time horizon over which these effects may arise. These time horizons were defined as short-term (1 year), medium-term (2–5 years), and long-term (beyond 5 years), ensuring a consistent and forwardlooking view of how sustainability-related risks and opportunities may mature over time. Insights from the Climate Change Risk Assessment were also reviewed and integrated into our overall assessment process. 4. Validation Our prioritised matters were then reviewed by the Sustainability Steering Committee to ensure alignment with our strategic objectives, risk management framework, and stakeholder expectations. The results were presented to Wasco’s Senior Management Team and the Board for validation, ensuring alignment at the highest level of decision-making. Sustainability Matter Themes Environmental Stewardship and Resilience Social Engagement Business Ethics Sustainable Finance Greenhouse Gas Climate Change Energy Management Energy Transition Water Biodiversity Waste Management Product Quality Marketing and Communications Digitalisation Product Design Responsible Supply Chain Practices Local Communities Empowered and Inclusive Workforce Enterprise Resilience and Market Connectivity Trust and Transparency Human Rights Labour Practices Training and Development Health and Safety Diversity, Equity, and Inclusion SUSTAINABILITY JOURNEY
RkJQdWJsaXNoZXIy NDgzMzc=