SECTION 2: OUR STRATEGIC CONTEXT 78 OUR INITIATIVES Our energy transition journey was in its infancy in 2023. While initial efforts emphasised establishing energy use governance and a baseline, we have yet to roll out significant energy conservation or reduction initiatives, which we intend to implement moving forward. Energy Management Efforts 1 Since 2022, we implemented a Sustainability Policy and Environmental Policy to govern our energy management. We aim to establish an Energy Use Policy by 2024 to guide targeted energy practices and regulations for employees across all premises. Since 2016, we transitioned to energy-efficient LED lighting in head offices and outlets and installed motion sensor lighting in our Malaysia Subang Head Office restrooms. We also placed notices reminding employees to switch off electrical appliances after use. We explored integrating solar panels at our Malaysian head office since 2021. However, third-party feasibility studies revealed structural limitations in our office building, which we need to overcome for installation. We acknowledge that more needs to be done to transform our energy use to significantly reduce non-renewable consumption and Scope 1 and 2 greenhouse gas emissions. We calculated our total energy consumption in 2023 based on fuel and electricity consumption with similar scope and limitations as our Scope 1 and 2 greenhouse gas emission calculations. Note: We excluded locations without recorded electricity bills and energy usage data from our total energy consumption. Hence, the 2023 energy consumption data underrepresents MST Golf’s actual consumption. We calculated total energy using CarbonGPT (https://carbongpt.ai/) and converted relevant fuel and electricity data into energy using these conversion factors: 2 Energy Consumption General reference: Energy in Natural Processes and Human Consumption: https://www.ocean.washington.edu/courses/ envir215/energynumbers.pdf 1 Reference for cooking gas: https://www.eia.gov/kids/whatis-energy/energy-units-basics.php 2 Reference for petrol diesel: University of Washington, Petrodiesel = 130,500 Btu/gallon (36.4 MJ/litre or 42.8 GJ/t) 3 For electricity: where 1kWh = 3600000 J 4 Reference: SMITH, K.M. and HOLROYD, P. (1968) ‘Introduction to electrical units and circuits,’ Engineering Principles for Electrical Technicians, pp. 175–195. doi:10.1016/ b978-0-08-012985-3.50015-7 5 SUSTAINABILITY STATEMENT
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