SECTION 2: OUR STRATEGIC CONTEXT 84 Emission Industry Benchmarking Analysis We conducted an emission benchmarking analysis using the Environmentally-Extended Input-Output (EEIO) model, which combines economic data with environmental impact factors to estimate sector-specific emissions. MST Golf's emissions were compared against the retail and wholesale industry benchmark at the reported revenue of RM 327.78 million. The following table details the results of the emission benchmarking analysis. MST Golf’s significantly higher Scope 1 emissions compared to the benchmark highlight the unique operational nature of MST Golf Arena's F&B services that require substantial stationary combustion sources, while the lower Scope 2 emissions indicate better-than-average energy management and efficiency. The significant difference in Scope 3 emissions primarily results from our currently limited reporting scope, offering clear opportunities to expand data coverage. Emission Industry Benchmark 2024 Industry Benchmark (in tCO2eq) MST Golf (in tCO2eq) % Difference Scope 1 emissions 3,730.1 8,803.5 +136.0% Scope 2 emissions 6,961.9 4,079.6 -41.4% Scope 3 emissions 11,223.0 689.0 -93.9% Total GHG emissions 21,915.0 13,572.2 -38.1% Long-Term Decarbonisation Strategies MST Golf aims to progressively align capital investments with our climate transition strategy. While we have not yet quantified the share of assets or capital expenditures linked to climate opportunities, we plan to develop methodologies to assess emissions impacts, prioritise lowcarbon assets, and phase out carbon-intensive investments. We also intend to explore Internal Carbon Pricing (ICP) to embed carbon costs into financial planning and support low-carbon decision-making across the Group. Energy Use and Management Energy use is a key driver of GHG emissions and a core focus of MST Golf’s climate strategy. As a golf retailer and service provider, energy powers our offices, indoor golf facilities, and logistics. While essential to operations, we are committed to managing energy use efficiently to reduce costs and environmental impact. Energy Management Approach In 2024, MST Golf introduced a Group-wide Energy Use Policy to enhance energy conservation and support our carbon reduction goals. This policy establishes best practices for reducing energy waste across our retail stores, offices, and digital infrastructure. We aim to reduce the Group’s electricity consumption by at least 20% and fuel consumption by at least 10% across all operations by 2026, using 2024 as the baseline, to improve both emissions performance and operational efficiency. SUSTAINABILITY STATEMENT
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