SECTION 2: OUR STRATEGIC CONTEXT 74 MST Golf Climate Transition Plan Strategic Approach MST Golf adopts a dual-pronged approach to climate action: • Climate Adaptation – Adjusting our systems and operations to reduce vulnerability to climate-related disruptions and strengthen long-term resilience. • Climate Mitigation – Implementing carbon emissions reduction strategies to transition to more sustainable operations. To ensure credibility and transparency, we align our transition plan and disclosures with international standards, including but not limited to the IPCC's climate targets, TCFD (Task Force on Climate-related Financial Disclosures), and the IFRS S2 (International Financial Reporting Standards on Climate-related Disclosures). The IPCC emphasises that global GHG emissions must peak before 2025 and decline by 43% by 2030 to limit warming to 1.5°C above preindustrial levels, underscoring the urgency of our climate actions. The climate scenario analysis, aligning with the IFRS S2, is a critical aspect of our climate transition plan to assess physical and transition climate risks and determine adaptation and mitigation opportunities. The outcomes of the scenario analysis will be incorporated into our risk management and strategic planning processes, ensuring climaterelated considerations are embedded across our decision-making frameworks and allowing us to provide more longterm sustainability, operational resilience, and value creation. At the core of MST Golf’s strategy is a people-centric approach, prioritising organisational culture, systems, and people to drive climate-conscious behaviours. Internally, we will establish clear and measurable climate-related performance indicators, increase employee awareness through targeted sustainability training, and progressively embed climate metrics into remuneration structures. Externally, we are committed to engaging customers and suppliers to build collective climate responsibility. Time Horizon Targets & Commitments Opportunities & Measures Targets & Initiatives Roadmap Short-Term (2025-2030) Reduce Scope 1 and 2 emissions by 20% and reduce Scope 3 emissions by 10%. • Implement employee training and workforce transition programmes. • Improve energy efficiency in retail stores and facilities. • Introduce renewable energy adoption across operations. Medium-Term (2030-2040) Achieve 50% emissions reduction by 2040. • Implement low-carbon logistics solutions and supply chain innovations. • Adopt circular economy models to minimise waste and optimise product life cycles. • Strengthen stakeholder engagement to drive sustainable procurement practices. Long-Term (2040-2050) Achieve Net Zero emissions by 2050. • Fully integrate renewable energy solutions into MST Golf operations. • Transition fully to low-carbon product offerings and operations. • Implement carbon offset initiatives to neutralise residual emissions. SUSTAINABILITY STATEMENT
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