SECTION 2: OUR STRATEGIC CONTEXT 46 As consumer expectations shift toward sustainability, they are more likely to support brands demonstrating strong Environmental, Social, and Governance (ESG) commitments. This shift presents a significant opportunity for MST Golf to differentiate itself as a sustainable golf retail and services leader. Climate-related risks like extreme weather challenge golf accessibility and business operations. Additionally, industry-wide concerns, including the environmental impact of golf courses, changing land-use policies, and the demand for more eco-friendly golf products, are reshaping the future of the sport. By addressing climate-related risks, MST Golf can attract environmentally conscious golfers and futureproof its business. Beyond climate concerns, addressing broader sustainability risks, including ethical supply chains, responsible retail practices, employee well-being, and inclusivity within the sport, allows MST Golf to build stronger relationships with customers, employees, investors, and business partners. Our materiality assessment ensures that the Group focuses on the most critical sustainability priorities of stakeholders and the business. By identifying, prioritising, and monitoring sustainability risks and opportunities related to these material topics, we can anticipate challenges, drive innovation, and enhance resilience, enabling us to actively lead sustainable golf retail and services while shaping a more sustainable golf industry. The following table outlines MST Golf’s key sustainability risks and opportunities across the CARES pillars, including their impacts, likelihood, related 2024 targets, and progress to date. SUSTAINABILITY STATEMENT SUSTAINABILITY RISK, OPPORTUNITIES, AND TARGETS Sustainability integration represents a significant opportunity for MST Golf to differentiate itself as a leader in sustainable golf retail and services. " "
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