Wah Seong Corporation Berhad Annual Report 2021 23 SUSTAINABILITY STATEMENT Facts: Nature has received significant attention for its ability to remove carbon dioxide from the atmosphere and store it in the biosphere, such as in soils, grasslands, trees and mangroves, via photosynthesis. It is also a source of carbon dioxide emissions through deforestation, land and ecosystem degradation and agricultural practices. However, the right changes to land management practices can reduce emissions and improve carbon storage. Solutions: Net-zero emissions pledges to protect the climate are coming fast and furious. We rely heavily on planting trees as it is the most significant and cost-effective way to remove CO2 from the atmosphere to tackle the climate crisis. Net-zero proposals count on finding ways for these trees to take up more carbon than they already absorb. Forests Can’t Handle Carbon on Their Own We began our tree planting programme in 2021. According to our calculations, we must plant approximately 113,700 trees to absorb 7,580 CO2e tonnes of residual emissions to achieve operational net-zero emissions by 2026, based on the assumption of 15 trees for one tonne. 2012 2013 2014 2019 2021 GHG Gas Emissions verified by Bureau Veritas Capacity building, tracking and reporting of emissions Inclusion of carbon footprint reduction commitment in the Corporate Sustainability Policy Corporate Sustainability reiterates commitment to emissions reduction in line with UNSDG 13 Climate Action Implementation of the Group Emissions Reduction Plan Launching of Operational Net Zero Emissions Plan with target set for 2026 Achieving Operational Net Zero Emissions 2020 tCO2e Year 2021 - 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 2022 2023 2024 2025 2026 Residual Emissions Trees 8,841 8,399 7,979 7,580 7,580 13,940 14,674
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