MSTGOLF Annual Report 2024

SECTION 2: OUR STRATEGIC CONTEXT 80 Emission Scope Definition MST Golf’s Context Activity Data Methodology & Assumptions Target Scope 3 All other indirect emissions from activities within the value chain, including supply chain and employee-related activities. Category 5: Waste Generated in Operations Our waste data covers our Malaysian and Singapore offices and retail stores. We will commence data collection for our warehouses and Indonesia operations in 2025. Reduce Scope 3 emissions by at least 10% by 2026, using 2024 as the baseline year. Category 6: Business Travel Our business travel data includes air travel for Malaysia and Singapore operations, mileage claims for petrol vehicles, and claims for public transport, e-hailing and taxis in Malaysia and Singapore. We will commence data collection for Indonesia operations in 2025. Category 7: Employee Commuting Our employee commute data includes the commute for all employees in Malaysia, Singapore, and Indonesia, measured via surveys capturing daily travel distance multiplied by working days. GHG Emission Calculation Methodology MST Golf’s GHG accounting follows the GHG Protocol principles of relevance, completeness, consistency, accuracy, and transparency. The GHG Protocol framework was chosen for its global recognition, comprehensiveness, and alignment with international best practices and reporting standards like IFRS S2, ensuring credibility and comparability. We used a calculation-based approach to quantify GHG emissions, multiplying activity data (e.g., fuel, electricity) by relevant emission factors. Activity data is consolidated by the Sustainability Department via Carbon GPT software and verified through invoices, meter readings, and internal audits, including built-in software checks. We prioritise activity-specific emission factors. Where unavailable, we use national or international sources such as the IPCC, International Energy Agency (IEA), or the UK's Department for Environment, Food and Rural Affairs (DEFRA). Our emissions data is subject to internal checks and validation but has not undergone independent third-party assurance for the 2024 reporting period. While inherent uncertainties exist due to measurement and estimation limitations, we are committed to refining our methods to improve the accuracy and consistency of future disclosures. A detailed breakdown of emission calculation methodologies, activity data, emission factors, GWP values, assumptions, operational boundaries, and uncertainty considerations is available in a supplementary report ‘GHG Emission Report for MST Golf – 2024’, prepared using Carbon GPT, which can be provided upon request by contacting sustainability@mstgolf.com. SUSTAINABILITY STATEMENT

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