Sustainability Report Sustainability Policy At Wasco, sustainability is about delivering value for all our stakeholders in a responsible manner, balancing short and long-term interests that integrates economic, environment and social considerations into our business strategy. Wherever possible, we will implement and maintain accredited management systems for corporate sustainability to drive performance and improvement by focusing on our business processes, our culture, and our digital agenda – all underpinned by a strong governance structure. To achieve these goals we will; • Ensure that our safety values remain a top priority, ensuring that nobody gets hurt, no damage to property and no harm to the environment. • Generate financial gains aligned to the needs of our stakeholders. • Employ a diverse workforce and provide a work environment where everyone is treated fairly, with respect, avoid excessive working hours, given the right to a minimum wage and can realise their full potential. • Implement actions within our own business and other stakeholders to accelerate the transition to netzero emissions to reduce the impact of climate change. • Manage our businesses efficiently through embracing digitalisation and innovation. • Conduct our business in an ethical and transparent manner. • Safeguard human rights within our sphere of influence, opposing all forms of child labour and forced labour. • Support employment of underprivileged groups and youth. • Contribute to the well-being of local communities wherever we operate. • Periodically review our performance and implement appropriate actions for continuous improvement. In implementing this Policy, we will support and advance the United Nation’s Sustainable Development Goals focusing our efforts on those that align with our aims in order to make the most impactful contribution. We will engage with our employees, contractors, suppliers, customers, and business partners in sharing responsibility for meeting these goals. ESG considerations are integrated into our corporate strategy and sustainability approach to ensure long-term value creation and sustainable business growth. We periodically review our approach to sustainability and priorities to meet stakeholders’ growing expectations and incorporate value creation. Our Sustainability Framework supports our commitment to making sustainability core to our business and managing what matters where it matters most. This is in line with the increasing demand for corporate organisations to play a more active role by focusing their business on ESG and thinking beyond short-term profits. Guided by our purpose, the Sustainability Framework was developed by taking into consideration the different levels of maturities across the Group and global push for ESG. The process included assessing existing sustainability programmes and initiatives, considering changes in regulatory requirements and defining targets and goals to measure impacts. The following factors were taken into consideration: 1. Wasco’s material matters founded through materiality assessment conducted with our Board of Directors, Senior Leadership Team members and stakeholders. 2. Regular engagement with Business Units on pertinent sustainability issues. 3. Internal assessment and benchmarking against industry peers. 4. Monitoring and tracking of key performance indicators. Additionally, our Framework takes into consideration the global agenda to achieve a better and more sustainable future for all through the UN Sustainable Development Goals (“UN SDGs”), which aim to leave no one behind. 53 Wasco Berhad
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