82 WASCO BERHAD SECTION 4 SUSTAINABILITY JOURNEY Greenhouse Gas 2 Greenhouse gas emissions (e.g. direct emissions from fuel and indirect emissions from the purchase of grid electricity) arising from Wasco’s own operations and supply chain activities. Impact Materiality Negative Impact Positive Impact Actual or Potential Value Chain Step Page No. Excessive greenhouse gas emissions from Wasco’s operations and value chain can contribute to climate change and slow progress towards the Group’s Net Zero target and other climate-related goals. Our pipeline coating plants, as well as our fabrication and engineering facilities, rely on energy intensive processes that can result in significant emissions if not carefully managed. By actively managing and reducing our greenhouse gas emissions, Wasco helps to mitigate climate impacts and supports industry and national greenhouse gas reduction efforts. In parallel, our carbon sequestration efforts, such as the Wasco Forest reforestation programme, contributes to broader ecosystem restoration. Upstream Own Operations Downstream 105 to 108 Financial Materiality Risk Opportunity Timeframe Value Chain Step Page No. Carbon pricing mechanisms slated for introduction in Malaysia may increase compliance costs, while requiring additional investments in emissions reduction initiatives and low-carbon technologies for our manufacturing processes. Strengthening our carbon management and investing in low-emission technologies while introducing internal carbon pricing mechanisms can enhance our operational efficiency and reduce our long-term exposure to carbon pricing. Short-term to Medium- term Upstream Own Operations Downstream 105 to 108 SUSTAINABILITY JOURNEY
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