Sustainability Report Reporting Scope and Boundaries The scope of the SR for FY2023 covers the entire Wasco organisation and its subsidiaries. One notable inclusion for this reporting period is our new project site in Tanzania. Wasco reports on an ‘operational control’ basis, focusing on assets, offices and activities where Wasco is the operator and has management control over policies and practices. We note that our Business Units’ (“BUs”) operating environment may vary from one market to the next, but we have nevertheless made the attempt to harmonise general reporting areas, as well as highlighting the achievements of our specific BUs throughout the disclosure. This SR excludes our Joint Venture (“JV”) companies and discontinued operations Syn Tai Hung Trading Sdn Bhd and WDG Resources Sdn Bhd. Reporting Principles This statement summarises the sustainability performance of Wasco’s strategic businesses. In defining the content, the following GRI Standards Reporting Principles have been applied in this Report to ensure highquality disclosure. • Accuracy: Reporting information that is correct and sufficiently detailed to allow an assessment of the organisation’s impacts • Balance: Reporting information in an unbiased way and provide a fair representation of the organisation’s negative and positive impacts • Clarity: Presenting information in a way that is accessible and understandable • Comparability: Selecting, compiling, and reporting information consistently to enable an analysis of changes in the organisation’s impacts over time and an analysis of these impacts relative to those of other organisations • Completeness: Providing sufficient information to enable an assessment of the organisation’s impacts during the reporting period • Sustainability Context: Reporting information about its impacts in the wider context of sustainable development • Timeliness: Reporting information on a regular schedule and making it available in time for information users to make decisions • Verifiability: Gathering, recording, compiling, and analysing information in such a way that the information can be examined to establish its quality Wasco developed the content according to defined material topics following a review of the overall sustainability risks and opportunities determined by macroeconomic analysis, sustainability trends, and senior management input. Stakeholders’ views, concerns and key expectations also shaped the materiality assessment. This assessment helped the Board realign the Group’s sustainability strategy while ensuring the transparent coverage of critical topics. Forward-Looking Statements Certain statements in this SR may constitute forward-looking statements concerning our financial and nonfinancial position, future priorities, strategies, and growth opportunities. They are formed based on reasonable assumptions and are not intended to guarantee future results. Actual results could differ materially from those projected in any forward-looking statements throughout this SR due to various events, risks, uncertainties, and other factors. 50 Integrated Annual Report 2023
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