SECTION 2: OUR STRATEGIC CONTEXT 92 7Rs 2024 Circularity Initiatives Impacts Recycle Enhance Recycling Efforts for Klang Valley Retail Outlets Implemented a reverse logistics recycling system, where Klang Valley retail outlets now systematically return cardboard boxes and soft plastics to our warehouse for proper recycling and repurposing, reducing waste sent to landfills. Used Cooking Oil Recycling Recycled 2,081.61 kg of used cooking oil across MST Golf Arena outlets. Rot Food Waste Composting at MST Golf Arena, Gardens Mall Diverted 1,470.25 kg of food waste from landfill using a new composting machine at The Gardens Mall, Kuala Lumpur. Compost Bin and Composting Workshop Set up our first-ever compost bin and introduced a composting workshop to 40 staff, encouraging all head office staff to compost fruit and vegetable scraps, coffee grounds, and tea leaves and reducing organic waste at our Malaysian head office. Sustainable Golf Product Lifecycle Management As demand for eco-friendly products grows, MST Golf is working with suppliers to expand our range of sustainably made golf products. While we are not the manufacturers and do not directly control products' end-of-life disposal, we recognise our role in addressing product-related waste, such as old clubs, grips, balls, apparel, and packaging as a leading golf retailer, collaborating with suppliers and industry partners to support responsible product lifecycle management practices and promote sustainable consumption. Product with Eco-Friendly Materials In 2024, 10.92% of MST Golf’s product SKUs contained recycled or environmentally friendly materials, contributing 6.62% of revenue in Malaysia, 7.70% in Singapore, and 5.73% in Indonesia. While current eco-friendly product classifications are based on internal identification and not third-party certifications, we aim to improve supplier communication to access verified ecofriendly product data and align with SASB metrics. As consumer demand and brand commitments for sustainability grow, we expect the share of eco-friendly products to increase. Products Made with Eco-Friendly Materials by SKU 2024 Total percentage of products made with eco-friendly materials by product SKU 10.92% Percentage of Revenue from Products Made with Eco-Friendly Materials by Region 2024 Malaysia 6.62% Singapore 7.70% Indonesia 5.73% Product Packaging Management While essential for protecting goods, packaging can contribute to environmental waste if not properly managed. MST Golf is committed to responsible packaging and has complied with Singapore’s Mandatory Packaging Reporting (MPR) initiative since 2023, promoting transparency and continual improvement. In 2024, MST Golf purchased approximately 16.28 tonnes of secondary packaging materials, such as tapes, carton boxes, bubble wraps, labels, and polybags, across Malaysia, Singapore, and Indonesia. This volume does not include primary product packaging from manufacturers, which is not yet fully tracked. To address this, we are developing a product packaging database to monitor material types, volumes, recyclability from each supplier, supporting regulatory compliance and reduction efforts. SUSTAINABILITY STATEMENT
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