73 ANNUAL REPORT 2024 MST GOLF GROUP BERHAD Climate Change and Business Resilience Climate change is a pressing global challenge, with the Intergovernmental Panel on Climate Change (IPCC)’s Sixth Assessment Report confirming that human activity has driven a 1.1°C rise in global temperatures, leading to ocean warming, sea level rise, and more frequent extreme weather events. These changes directly impact the golf retail industry by disrupting golf participation and reducing store traffic. Aware of these risks, MST Golf has begun addressing climate impacts and aligning with global decarbonisation efforts. Climate Transition Plan MST Golf’s climate transition plan marks our first step in formalising a long-term strategy to address climate risks, seize sustainability opportunities, and align with global decarbonisation efforts. While we are early in our low-carbon journey, this plan reflects the Group’s commitment to integrating sustainability into our business model, building climate resilience, and meeting evolving stakeholder expectations. We recognise that transition is a complex, ongoing process, and our approach will evolve with industry best practices, stakeholder input, and climate science. The following table highlights MST Golf’s climate transition plan. MST Golf Climate Transition Plan Climate Governance MST Golf’s climate governance aligns with our Sustainability Governance Framework, ensuring board oversight and executive accountability. The Governance, Risk, and Sustainability Committee (GRSC) integrates climate risks and opportunities into corporate risk management, strategic planning, and operations. To institutionalise climate action, we continue to develop internal policies that set expectations for employees, suppliers, and partners on environmental responsibility, emissions reduction, and climate adaptation. Our Sustainability and Environmental Policies, established in 2023, define the governance structure for managing climate risks and reinforce our commitment to proactive action. MST Golf’s climate transition plan is our first step toward tackling climate risks and embracing low-carbon opportunities
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