MSTGOLF Annual Report 2024

SECTION 2: OUR STRATEGIC CONTEXT 48 Topic Risk Overview Risk Impact Likelihood Opportunity Overview Opportunity Benefits 2024 Targets 2024 Progress Labour Standards and Human Rights Poor employee outcomes due to non-compliance with human rights and labour laws, fair wages, and ethical employment practices. Legal risks, fines, loss of stakeholder trust, reduced employee morale, and business discontinuity. Low Strengthen labour policies, enhance supplier due diligence, and maintain ethical employment practices. Reduce legal risks, enhance employee and supplier engagement, and improve reputation. Maintain no more than 10% of employees that are contractors or temporary staff in 2024. 16% contract or temporary staff. Maintain zero forced labour and child labour cases in 2024. Zero forced and child labour cases. Maintain zero employee workplace harassment and discrimination cases in 2024. Zero workplace harassment and discrimination cases. Pillar 2: Accountable and Ethical Operations Topic Risk Overview Risk Impact Likelihood Opportunity Overview Opportunity Benefits 2024 Targets 2024 Progress Data Security Cybersecurity attacks and data breaches due to weak cybersecurity measures, outdated systems, or lack of employee awareness. Significant financial losses, operational disruption, reputational damage, and erosion of stakeholder trust. Moderate Enhanced data protection policies, employee training, and system upgrades. Reduce financial risks, safeguard brand reputation, and enhance stakeholder confidence. Maintain zero cases of cybersecurity breaches, data leakages and substantiated stakeholder complaints related to data violations in 2024. Zero cybersecurity breaches or internal and external data leaks. Bribery, Corruption, and Money Laundering Financial misconduct due to weak internal controls, insufficient oversight, and lack of ethics training. Increased financial losses, severe legal penalties, reputational damage, and erosion of stakeholder trust. Moderate Strengthen internal controls, enhance ethics training, and implement strict due diligence on transactions and suppliers. Reduce financial and legal risks, build stakeholder trust, and foster a culture of integrity. Maintain zero cases of bribery, corruption and money laundering across all business operations in 2024. Zero confirmed incidents of bribery, corruption, or money laundering. 100% of operations assessed for anti-bribery, anti-corruption and anti-money laundering risks with control activities implemented to mitigate identified risks by the end of 2024. 100% of operations assessed for bribery, corruption and money laundering risks. Provide refresher anti-bribery, anticorruption and antimoney laundering training to 100% of employees by the end of 2024. 95% received training on anti-bribery, anti-corruption, and anti-money laundering. SUSTAINABILITY STATEMENT Pillar 1: Caring and Responsible Employer

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