103 ANNUAL REPORT 2024 MST GOLF GROUP BERHAD Local Supplier Spending MST Golf aims to strengthen regional economic resilience and reduce transport-related emissions by prioritising local sourcing. In 2024, 40.87% of procurement spending went to local suppliers, down from 63.52% in 2023, mainly due to increased reliance on imported goods in Indonesia. While transitioning to more local sourcing will take time, we remain committed to reassessing our supplier network and enhancing procurement strategies to build a more regionally integrated and resilient supply chain. Local Supplier Spending 2023 2024 Proportion of spending on local suppliers 63.52% 40.87% Percentage of Trade Supplier Spending by Country 2024 Local Foreign Malaysia 51.72% 48.28% Singapore 41.34% 58.66% Indonesia 0.14% 99.86% Total 40.87% 59.13% Advancing Sustainable Practices in the Supply Chain Tackling Scope 3 emissions, from supplier operations to transport and logistics, offers one of the greatest opportunities for impact in our sustainability journey. While this remains complex challenge in retail, MST Golf has set a 10% scope 3 emissions reduction target by 2026 and is taking early steps to drive progress across our supply chain. In 2024, we hosted our first Introduction to Carbon Accounting webinar with 17 participants, including six SME partners, to build awareness of carbon tracking and compliance. While this marks an initial step, we recognise that awareness alone is not enough, and formal supplier emissions tracking has yet to begin. Looking ahead, we will use our Supplier ESG Assessment Questionnaire to deepen engagement, identify challenges, and develop tailored capacity-building initiatives. As a regional golf retail leader, we aim to support SME suppliers in scaling sustainable practices, enhancing both supply chain resilience and long-term industry accountability.
RkJQdWJsaXNoZXIy NDgzMzc=