85 SECTION 4 SUSTAINABILITY JOURNEY INTEGRATED ANNUAL REPORT 2025 Energy Transition 5 Investing in and integrating low-carbon and renewable energy technologies to build a more agile, resilient business, while expanding services that help clients to accelerate their decarbonisation efforts. Impact Materiality Negative Impact Positive Impact Actual or Potential Value Chain Step Page No. Clients in the oil and gas sector transitioning to a low‑carbon economy may experience economic impact arising from higher operational costs and substantial capital investments required to adapt their business models and technologies. Wasco’s low-carbon energy solutions are focused on certain sectors and regions, which may limit the breadth and speed of its overall contribution to the energy transition in the near term. Wasco’s portfolio of low-carbon and bioenergy solutions supports the global energy transition by helping clients shift away from fossil fuels towards low-carbon energy sources, contributing to reduced emissions across the value chain. Own Operations Downstream 95 to 96 Financial Materiality Risk Opportunity Timeframe Value Chain Step Page No. Investment declines across the oil and gas sector as a result of shifts in regulatory requirements may impact our future revenue streams as clients redirect capital toward alternative energy sources. At the same time, the energy transition increases the risk of Wasco’s fossil fuel-dependent assets becoming underutilised or obsolete. Regulatory measures aimed at accelerating decarbonisation efforts across the energy and industrial sectors will drive demand for Wasco’s low-carbon solutions, attracting new clients and driving revenue growth. In parallel, progressively shifting our operations from fossil fuel based power to grid electricity will enhance operational resilience. Medium- term to Long-term Own Operations Downstream 95 to 96 SUSTAINABILITY JOURNEY
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