SECTION 2: OUR STRATEGIC CONTEXT 76 Time Horizon RCP2.6/SSP1-1.9 (Strong Mitigation) Short-term – (2025 – 2030) Risk Description Risk Category Impact Description Impact Likelihood Mitigation/Adaptation Strategy & Opportunities Consumers prioritise sustainable businesses, affecting golf retail sales Market Transition Risk Declining demand for traditional products & increased costs for rebranding & new ecofriendly offerings. Medium Medium Expand eco-friendly product lines & promote circular economy practices in golf retail. Medium-term – (2030 – 2040) Sustainability becomes a critical factor in consumer purchasing decisions. Market Transition Risk Increased operational costs to satisfy new sustainability compliance measures. Medium High Invest in circular economy models & sustainable business transformation, including renewable energy adoption. Long-term – (2040 onwards) Regulations phase out large-scale golf courses in urban areas. Policy and Legal Transition Risk Reduced sales due to limited market expansion opportunities & increased operational costs to shift business models. High High Expand partnerships with weatherresilient & sustainable indoor golf venues and enhance digital & simulator golf offerings to offset reduced new course openings. Time Horizon RCP4.5/SSP2 (Intermediate Mitigation) Short-term – (2025 – 2030) Risk Description Risk Category Impact Description Impact Likelihood Mitigation/Adaptation Strategy & Opportunities Increased heavy rainfall & heatwaves in Southeast Asia disrupt golf activities, leading to lower retail foot traffic Chronic Physical Risk Revenue declines as outdoor golf participation drops. Medium Medium Strengthen e-commerce & adapt inventory to weather-driven sales patterns. SUSTAINABILITY STATEMENT
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