OUR GOVERNANCE 146 The eighteen sustainability matters are: 1 Supply chain management 2 Building golf industry 3 Responsible retail practice 4 Golf product life cycle management 5 Anti-bribery, anti-corruption and anti-moneylaundering 6 Data security and privacy 7 Group culture and internal operations 8 Greenhouse gas emissions 9 Proper waste management 10 Efficient water use 11 Efficient energy use 12 Climate change resilience 13 Community giveback and uplifting 14 Promoting golf as a sport 15 Employee health, safety and wellbeing 16 Employee diversity 17 Labour standards and human rights 18 Customer care More details about the Group’s “CARES” pillars and their associate sustainability risks can be found in the Sustainability Statement of the Annual Report. Key Risk Areas And Mitigation Measures In line with the Group’s risk management framework, the Board and Management continuously identify, assess and monitor key risks that may affect the achievement of the Group’s business objectives. The following summarises the principal risk areas and the corresponding mitigation measures implemented during the financial year. Technology, Artificial Intelligence (“AI”) and Cybersecurity Risk The Group relies on information technology systems to support core business operations including retail operations, inventory management, financial reporting and customer data management. Increasing digitalisation and the use of artificial intelligence tools may expose the Group to cybersecurity threats, operational disruptions or unauthorised access to systems and data. To mitigate these risks, the Group has implemented IT governance policies, system monitoring controls and periodic cybersecurity assessments. External specialists may be engaged where necessary, and employees are provided with cybersecurity awareness training to promote responsible technology and AI usage. Consumer Spending and Macroeconomic Risk The Group operates within the discretionary consumer segment, where demand for golf equipment and related products may be influenced by macroeconomic conditions, including economic growth trends, inflationary pressures, interest rate movements and consumer sentiment across its operating markets. Prolonged economic downturns may adversely affect sales performance, inventory turnover and operating margins. The Group manages this risk through continuous monitoring of economic developments and consumer trends. Its diversified geographical presence and product offerings across various price segments provide resilience against fluctuations in consumer spending patterns. The Group also continues to strengthen customer engagement initiatives, expand its membership programmes, secure additional brand distributorships and refine retail strategies to maintain competitiveness. Key Risk Mitigation STATEMENT ON RISK MANAGEMENT AND INTERNAL CONTROL
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