SECTION 2: OUR STRATEGIC CONTEXT 44 MATERIALITY ASSESSMENT MST Golf conducts materiality assessments to identify and prioritise the sustainability matters most significant to the business and stakeholders, aligning our efforts with industry challenges and stakeholder expectations. This process helps us focus on initiatives that drive the greatest impact and value. The 2024-2025 assessment followed a four-phase methodology based on Bursa Malaysia’s Sustainability Reporting Guide. Starting in 2024, MST Golf will conduct materiality assessments biennially for a more strategic focus. Phase 1: Identification of Sustainability Matters We identified 18 material sustainability matters across the ESG categories of Environment, Social and Governance, maintaining the list established in 2023 due to its continued relevance. Phase 2: Prioritisation of Material Sustainability Matters Through surveys, 39 key management staff and 724 stakeholders evaluated the importance of each sustainability matter. Internal surveys assessed business impact, while stakeholder surveys gauged external expectations. The materiality assessment results were plotted on a materiality matrix, highlighting the most material matters. SUSTAINABILITY STATEMENT SOCIAL GOVERNANCE ENVIRONMENT 1 Golf Product Life Cycle Management 2 Proper Waste Management 3 Greenhouse Gas Emissions 4 Efficient Energy Use 5 Climate Change Resiliency 6 Efficient Water Use 1 Promoting Golf as a Sport 2 Customer Care 3 Employee Health, Safety and Wellbeing 4 Labour Standards and Human Rights 5 Employee Diversity 6 Community Give Back and Uplifting 1 Data Security and Privacy 2 Anti-Bribery, Anti-Corruption and Anti-Money Laundering 3 Responsible Retail Practice 4 Building Golf Industry 5 Supply Chain Management 6 Group Culture and Internal Operations
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