43 ANNUAL REPORT 2023 MST GOLF GROUP BERHAD Based on the sustainability materiality matrix, all sustainability matters have importance ratings exceeding materiality criteria of (3, 3). Thus, they are all considered material and will be worked on in our financial year. Phase 4 Review and validation of process and outcome Additionally, the results of the materiality assessment showed that business-related sustainability matters generally ranked higher than environmental-related and social-related sustainability matters. This reflects the need for us to increase sustainability awareness to balance prioritising generating profit and creating positive environmental and social impacts. Moving forward, we will intensify our efforts in raising sustainability awareness among internal and external stakeholders by implementing strategic and impactful initiatives. We will continue to monitor the progress and impact of our initiatives by reviewing and updating them whenever necessary to ensure our efforts are aligned with our business strategy and sustainability and industry development. 1. Anti-Bribery, Anti-Corruption and Anti-Money Laundering 10. Group Culture and Internal Operations 2. Data Security and Privacy 11. Proper Waste Management 3. Customer Care 12. Climate Change Resiliency 4. Supply Chain Management 13. Community Give Back and Uplifting 5. Employee Health, Safety and Wellbeing 14. Greenhouse Gas Emissions 6. Promoting Golf as a Sport 15. Efficient Energy Use 7. Responsible Retail Practice 16. Efficient Water Use 8. Building Golf Industry 17. Employee Diversity 9. Labor Standards and Human Rights 18. Golf Product Life Cycle Management Better Business Better Environment Better People MATERIAL SUSTAINABILITY MATTERS
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