101 ANNUAL REPORT 2024 MST GOLF GROUP BERHAD Enhancing Supply Chain Sustainability & Resiliency Governance and Supply Chain Risk Oversight Our Governance, Risk, and Sustainability Committee (GRSC) oversees supply chain-related risks. The GRSC reviews supply chain-related risks biannually, ensuring that high-risk suppliers and disruptive supply chain factors are identified and monitored. The GRSC also guides the implementation of robust policies, due diligence frameworks, and supplier engagement strategies to ensure our supply chain practices align with our sustainability commitments and regulatory expectations. Supplier Code of Conduct & Ethics Since 2023, MST Golf has established a Code of Conduct & Ethics for Third Parties (COCETP) to set clear expectations for ethical business practices, human rights, and environmental responsibility. All new suppliers are required to review, acknowledge, and sign the COCETP as part of their onboarding process. To ensure transparency, the COCETP is publicly available on our website and embedded in the Group’s General Purchasing Policy. All procurement teams are trained in the onboarding process, which requires supplier acknowledgement before engagement. In 2024, we strengthened the COCETP to reinforce ESG compliance, prohibiting forced labour, child labour, exploitative working conditions, environmental negligence, and unethical financial practices such as bribery and corruption. The following table summarises the key aspects of our COCETP. Summary of Supplier Expectations Under the MST Golf Code of Conduct & Ethics for Third Parties Across the ESG Criteria Environment Social Governance • Resource Use & Conservation: Efficiently utilise natural resources and raw materials. • Water Conservation: Implement measures to reduce water consumption and waste. • Waste Reduction & Pollution Management: Adopt circular waste management, ensuring safe disposal of hazardous and nonhazardous waste. • Energy Efficiency: Improve energy efficiency and adopt renewable energy sources where possible. • Ethical & Lawful Employment: Comply with minimum wage standards; prohibit child and forced labour per international laws. • Equal Opportunities & NonDiscrimination: Maintain an inclusive workplace free from discrimination based on gender, race, ethnicity, age, sexual orientation, or disability. • Anti-Bribery & Corruption: Uphold zero-tolerance towards bribery and corruption, adhering strictly to relevant laws. • Conflict of Interest: Disclose and seek MST Golf’s approval for potential conflicts of interest. • Whistleblowing & Ethical Reporting: Implement whistleblowing policies enabling anonymous reporting of code violations and financial irregularities.
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