SECTION 2: OUR STRATEGIC CONTEXT 102 Environment Social Governance • Climate Change & GHG Emissions: Monitor, report, and reduce Scope 1, 2, and 3 GHG emissions; align operations with climate resilience strategies. • Biodiversity & Ecosystem Protection: Prevent practices harmful to biodiversity; promote sustainable land use. • Local Sourcing & Ethical Procurement: Prioritise local suppliers to minimise transportation emissions and support local economies; source from sustainabilitycommitted vendors. • Continuous ESG Improvement: Regularly evaluate and enhance ESG performance, addressing sustainability risks and opportunities. • Working Hours & Overtime: Adhere to local regulations on working hours; discourage excessive overtime. • Freedom of Association & Collective Bargaining: Allow employees to join unions and engage in collective bargaining without retaliation freely. • Sexual Harassment Prevention: Ensure workplaces are free from verbal, physical, and psychological harassment. • Workplace Health & Safety: Maintain safe and healthy working conditions with clear hazard reporting mechanisms. • Personal Data Protection: Responsibly manage personal data, ensuring security and compliance with applicable laws. • Intellectual Property Protection: Respect MST Golf’s intellectual property, avoiding any infringements of trademarks, copyrights, or patents. In 2024, a total of 51 suppliers signed MST Golf’s COCETP, comprising 41 new suppliers and 10 existing suppliers. This follows our inaugural year of implementation in 2023, during which 125 suppliers acknowledged the COCETP, with 93 existing and 32 new suppliers. Looking ahead, MST Golf remains committed to mandating adherence for all new suppliers while strengthening compliance monitoring and supplier engagement. Supplier Code of Conduct 2023 2024 New suppliers who signed the supplier code of conduct 32 41 Supplier ESG Screening In 2024, MST Golf had no formal ESG assessments for suppliers due to resource constraints, limiting visibility into supplier sustainability performance. To address this, we will launch a Supplier ESG Assessment Questionnaire in 2025, aiming to evaluate at least 75% of our suppliers. This initiative will help identify risks, guide improvements, and support capacity building. By integrating ESG performance into supplier evaluations, we aim to enhance accountability, reduce legal and reputational risks, and strengthen partnerships with responsible suppliers. SUSTAINABILITY STATEMENT
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