89 ANNUAL REPORT 2024 MST GOLF GROUP BERHAD Waste and Resource Management Approach In 2024, MST Golf introduced a Group-wide Waste Management Policy to guide our commitment to responsible waste handling and resource use, outlining the Group’s 7Rs framework of Rethink, Refuse, Reduce, Reuse, Refill, Recycle, Rot. As part of our waste reduction commitment, we aim to reduce the Group’s landfill waste by at least 50% by 2026, using 2025 as our baseline year. We have also embedded waste and resource efficiency considerations into our Enterprise Risk Management (ERM) framework to ensure that risks of excessive waste generation, resource inefficiency, and pollution are continuously assessed and addressed. Our Sustainable Events Policy, introduced in 2024, also encourages all MST Golf-hosted events to adopt accountable waste management and resource use measures. Additionally, our Code of Conduct & Ethics for Third Parties requires all suppliers to acknowledge and practice responsible waste handling practices, including proper disposal, pollution prevention, and compliance with environmental regulations. Waste management will be integrated into future supplier evaluations to promote more responsible waste practices across our supply chain. We adhere strictly to authorised waste disposal channels, prohibiting illegal or irresponsible practices that could negatively impact the environment. In 2024, we received zero fines for pollution or inappropriate waste disposal non-compliance. While our sites are not yet ISO 14001 or EMAS (Eco-Management and Audit Scheme) certified, we are exploring these certifications to further strengthen our environmental management practices. Pollution and Waste Disposal Non-Compliance Fines 2023 2024 Total costs of fines and penalties due to pollution and improper waste disposal 0 0 Third-Party Waste Management Partners MST Golf ensures that third-party waste management partners handle waste responsibly and in compliance with contractual and regulatory obligations through a structured verification process. We engage local municipal waste collectors in each operating region for general waste disposal, adhering to the respective waste management regulations. We also work closely with registered and reputable recycling service providers for our recycling efforts. Whenever feasible, we will verify our recycling partners’ operations through site visits and follow a transparent buy-back system, where we only collect and sell a list of accepted recyclable materials predetermined by our partners. Waste Data Collection and Monitoring MST Golf is enhancing waste tracking to improve data accuracy and inform reduction strategies. In 2024, we expanded waste monitoring beyond our Malaysia head office to include all retail outlets in Malaysia and Singapore, as well as our Singapore office. Designated staff oversee segregation, measurement, and daily reporting using standardised forms. While we rely on recycling partners to track recyclable volumes, the Sustainability Department consolidates all data and conducts periodic audits to ensure accuracy and compliance. In 2025, we will extend data collection to our Indonesia operations and warehouses for full coverage. Total Non-Hazardous and Hazardous Waste Generated In 2024, MST Golf recorded a total waste of 56.14 metric tons, which is a significant increase from the 11.36 metric tons measured in 2023, mainly due to the expanded waste tracking. Waste Generated (in metric tons) 2023 2024 Total non-hazardous waste generated 11.36 56.14 Total hazardous waste generated 0 0 Total waste generated 11.36 56.14 In 2024, 68.1% of non-hazardous waste (38.23 metric tons) was sent to landfill, while 31.9% (17.91 metric tons) was diverted for recycling. Compared to 2023, our recycling volume significantly increased from 5.93 metric tons to 17.91 metric tons, reflecting an improvement of approximately 202% and reducing the total waste directed to landfills.
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