Sustainability Report Our Digital Transformation Journey Wasco recognised that Digitalisation is a core competency for Wasco to survive and thrive. In 2023, we continued delivering various workshops and discussions virtually and physically to raise awareness of digitalisation at management and operation levels. We continued our journey in the smart manufacturing context by embarking on an Industry 4.0 journey by understanding its generic definition, aligning it with business priorities and understanding the different levels of digital maturity before directly entering the project implementation phases. Wasco nurtures its in-house IT capabilities by investing heavily in its ERP system for several years. Developing different business applications in data reporting and process automation has supported our business divisions. In navigating the uncertain future of energy transition, we recognise the requirement for a new wave of digital transformation to equip our employees with the necessary skillsets, tools and platforms to embrace such dynamic changes. While digital technologies are the enablers for the next wave of transformation, Digitalisation extends beyond the technology component; data-driven initiatives change how we think, work and collaborate. Digitalisation value is unlocked when employees are empowered with digital and data, shifting their focus to a more people-centric model by providing higher-value and sustainable solutions to customers and partners. Empowering stakeholders to do more with less can only be achieved by allowing employees and customers to work together with digital technologies in the same ecosystem. We have started the data and AI journey by converging digitalisation with safety, sustainability and other strategic pillars, strengthening their potential. For FY2023, we continued our programme to empower HSE personnel with a digital platform, rolling out to newly established operation sites. This platform covers people, processes, and technology to address safety concerns raised in our plants and yards, promptly. The Environmental Dashboard continues to provide valuable insights on the Group’s GHG emission from the data gathered, enabling us to focus our efforts in combating climate change effectively. In 2023, the Governance Dashboard was developed, providing a digital platform for our Risk Management process. We will expand this further in FY2024 to track key performance indicators related to the Social aspect of ESG. 84 Integrated Annual Report 2023
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