SECTION 2: OUR STRATEGIC CONTEXT 40 The Committee meets at least four times annually, with sustainability-related risks and opportunities being a regular agenda item. Its key responsibilities include reviewing and recommending sustainability strategies, policies, and targets for Board approval, monitoring the effectiveness of the Group’s sustainability framework to ensure alignment with global and national standards, tracking progress on sustainability initiatives, managing sustainability-related risks and opportunities in line with IFRS standards, and ensuring its members stay updated on governance, risk, and sustainability issues through continuous professional development. The Chairperson of the GRSC, Mr. Poh Ying Loo, is an INED with over 35 years of experience in auditing, manufacturing, trading, and retail. He holds a Global MBA in Digital Business and is a Fellow Chartered Management Accountant (FCMA), Chartered Global Management Accountant (CGMA), and a member of the Malaysian Institute of Accountants (MIA). Mr. Poh also holds multiple ESG and risk certifications, including: • Certified Expert in ESG and Impact Investing (Frankfurt School of Finance and Management, 2023) • Sustainability Risk Manager (Institute of Enterprise Risk Practitioners, 2024) • Sustainability and Climate Risk (SCR) Certificate (Global Association of Risk Professionals, 2024) His credentials and experience position him well to lead the GRSC in overseeing sustainability and climate-related governance. Together, the Committee ensures sustainability governance is embedded into MST Golf’s strategic decision-making and supports the long-term resilience of the Group. SUSTAINABILITY STATEMENT Sustainability Working Committee (SWC) The SWC is responsible for executing the Group’s sustainability initiatives at an operational level. It regularly collaborates with department heads to integrate sustainability programmes into daily functions. The SWC collects and analyses sustainability-related data to ensure compliance with regulatory disclosure requirements. It also conducts monthly meetings to review sustainability progress and challenges, reporting these findings to the GRSC and the Board every quarter. The SWC incorporates sustainability-related risks into the Group’s broader enterprise risk management framework, treating these risks with the same rigour as other business risks. Heads of Department Each department head is accountable for implementing sustainability programmes within their respective departments. They are responsible for collecting sustainability-related data and ensuring that sustainability-related risks are managed in line with the Group’s sustainability policies. Employees Employees are encouraged to actively participate in the Group’s sustainability initiatives, with designated staff members responsible for collecting sustainability-related data from their functions. This decentralised approach ensures that sustainability principles are effectively embedded across all levels and functions of the organisation. Moving Forward MST Golf identified opportunities to strengthen sustainability governance by enhancing Board and senior management training and exploring links between sustainability performance and executive remuneration to drive accountability and progress.
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