SECTION 2: OUR STRATEGIC CONTEXT 86 Energy Intensity Energy intensity provides insights into MST Golf’s efficiency in energy usage relative to its operational scale. Using total floor space as a reference, MST Golf's energy intensity improved from 154.43 kWh/m² in 2023 to 129.14 kWh/m² in 2024, representing a 16% reduction. This improvement occurred despite increased absolute energy consumption, driven mainly by expanded operational activities and increased retail spaces. Energy Intensity 2023 2024 Total floor space (in m2) 37,814.0 46,103.6 Energy intensity (in kWh/m2) 154.43 129.14 Energy Reduction Efforts MST Golf continues to implement energy-saving measures to improve efficiency and sustainability. In digital operations, we upgraded network hardware, moved to cloud-based systems, and shifted data centres to third-party co-location hosting to reduce energy use. In our retail outlets, most of which operate within shopping malls that rely on centralised air conditioning, we are progressively transitioning to energy-efficient lighting systems to reduce electricity consumption. At our Malaysia head office, where greater energy efficiency and cost reduction opportunities exist, two energy audits in 2024 identified improvements such as better lighting, increased natural light use, and more efficient air conditioning. However, these upgrades are pending, with only a 0.21% energy reduction achieved between 2023 and 2024, highlighting the need for more structured action. To reinforce energy use habits, 107 employees (16%) received energy efficiency training from external experts. Employees are also encouraged to follow best practices, including maintaining optimal air conditioning settings and minimising unnecessary power usage in daily operations. Looking ahead, we are exploring renewable energy options, with initial feasibility studies for solar panel installations at our Malaysia head office completed. Water Use and Conservation Water is a critical resource for daily operations and the broader golf industry, where it plays a fundamental role in course maintenance. While MST Golf’s direct water consumption is relatively low, primarily used for sanitary purposes, cleaning, washing, and drinking, we recognise the increasing global water scarcity challenges exacerbated by climate change. As a golf retailer and service provider, we are committed to responsible water consumption within our operations while contributing to broader water sustainability efforts in the golf sector. SUSTAINABILITY STATEMENT
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