79 ANNUAL REPORT 2024 MST GOLF GROUP BERHAD Alignment of Climate Policies with Trade Associations MST Golf’s Sustainability and Environmental Policies guide our climate governance and ensure alignment with international standards. We commit to maintaining consistency between our internal climate positions and those of the trade associations we join. Where discrepancies arise, our internal policy takes precedence. We will engage transparently with associations to advocate for stronger climate alignment and ambition, reinforcing our commitment to climate leadership. Greenhouse Gas Emissions Management Greenhouse gas (GHG) emissions, primarily from burning fossil fuels, contribute to climate change by trapping heat in the atmosphere, leading to rising global temperatures, extreme weather, and environmental disruptions. At MST Golf, we recognise that our operations, from the energy required to power our offices, retail stores, and indoor golf facilities to the fuel used in cooking activities, logistics, and even the products we purchase across our supply chain, contribute to these emissions. In 2024, we focused on establishing a clear emissions baseline as part of our carbon transition plan. While current reduction efforts are limited, we are committed to measuring, monitoring, and progressively reducing our carbon footprint. GHG Emission Scope MST Golf’s GHG inventory covers Scope 1, 2, and 3 emissions from January 1 to December 31, 2024, aligned with our financial year. We measured emissions of carbon dioxide (CO₂), methane (CH₄), and nitrous oxide (N₂O), with CH₄ and N₂O converted into CO₂-equivalent units for consistency. Our GHG inventory follows the GHG Protocol Corporate Accounting and Reporting Standard (Revised Edition) and aligns with ISO 14064-1 principles. The Operational Control approach was used for defining boundaries, covering facilities under MST Golf’s management across Malaysia, Singapore, and Indonesia. Emissions from associates, joint ventures, or unconsolidated subsidiaries are not included in this inventory. No jurisdictional requirements mandated the use of an alternative methodology for this reporting period. We reported both absolute GHG emissions (in tCO₂eq) and emission intensity relative to operational floor area (in tCO₂eq/m²). The following table shows a detailed emissions classification from MST Golf’s activities. Emission Scope Definition MST Golf’s Context Activity Data Methodology & Assumptions Target Scope 1 Direct emissions from company-owned or controlled sources. Fuel used in MST Golf-owned or controlled vehicles and operations. Our Scope 1 emissions were measured using the fuel used by company-owned vehicles and cooking activities in MST Golf Arena outlets. Reduce Scope 1 emissions by at least 20% by 2026, using 2024 as our baseline year. Scope 2 Indirect emissions from purchased electricity, steam, heating, and cooling. Purchased electricity for MST Golf facilities. Our Scope 2 emissions were measured using electricity bills from MST Golf’s head offices, outlets and warehouses in Malaysia, Singapore, and Indonesia. However, not all locations had recorded electricity bills, and those without electricity bills were excluded from Scope 2 measurements. Reduce Scope 2 emissions by at least 20% by 2026, using 2024 as our baseline year.
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