SECTION 2: OUR STRATEGIC CONTEXT 80 WHY IT MATTERS TO US Climate change is an urgent global concern that we cannot ignore. We are already experiencing its impacts, such as frequent heatwaves and flooding, in Malaysia and other countries where we operate. Our business is connected to the wellbeing of the planet, and extreme weather events can impact the sport and affect our business as a golf equipment retailer. Should climate change escalate, the global supply chain of golf products might be disrupted, and golf might also no longer be prioritised, increasing costs and making golf less accessible. Insufficient climate action by MST Golf could lead to reputational damage, regulatory compliance risk, operational inefficiencies and stakeholder dissatisfaction. It could also affect our business viability, especially if there is a shift in market demand for sustainable products and services. The absence of mitigation measures could result in supply chain disruptions, increased operational costs and worsening of climate change, impacting the golf industry. Thus, climate change drives our sustainability efforts, and we must prioritise it in our decision-making processes. To build climate resilience, we must adapt to climate change and collaborate with our stakeholders to reduce negative environmental impacts. KEY STRATEGIES We are adopting three key strategies to strengthen our climate resilience. 1 Internal Climate Adaptation 2 Stakeholder Climate Involvement 3 Larger Environment Restoration We commit to adapting to climate change by establishing sustainability governance, integrating sustainability into our operations and transforming our systems and processes to be climateresilient. We strive to collaborate with stakeholders in their climate efforts to drive positive action and enhance awareness of climate-related issues. We aim to implement initiatives to restore natural environments, support external organisations’ climate restoration efforts and integrate considerations for ecosystems when expanding our operations. The Group is committed to strengthening our climate resilience by ensuring readiness to adapt, withstand and recover from climate change impacts while advocating awareness and preparedness among our stakeholder groups. Link to UN SDGs CLIMATE CHANGE RESILIENCY SUSTAINABILITY STATEMENT
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