OUR STRATEGIC CONTEXT 44 SUSTAINABILITY STATEMENT At the same time, the Group became more intentional about integrating sustainability into the golf industry itself, seeking practical ways to make golf more responsible through how it operates, engages, and leads by example. The Group will continue to enhance sustainability governance, strengthen internal controls and data quality, improve disclosures, and further integrate sustainability into business strategy and risk management processes. External Recognition The Group’s progress has also been recognised externally. In 2025, MST Golf achieved a 4-star ESG rating and was included in the FTSE4Good Bursa Malaysia Index, which recognises companies that demonstrate credible and consistent Environmental, Social, and Governance (“ESG”) practices through independent assessment. This milestone reflects the early progress of the Group’s governance and sustainability efforts and enhances its visibility among stakeholders and responsible investors. Looking Ahead The Group recognises that sustainability is a continuous journey rather than a one-time initiative. Looking ahead, MST Golf will continue to strengthen its sustainability governance, improve internal controls and data quality, enhance disclosures, and further integrate sustainability considerations into business strategy and risk management processes. The Group remains focused on steady progress, transparency, and continuous improvement over time. Sustainability Governance The Group has established a sustainability governance structure to ensure sustainability matters, including climate-related risks and opportunities, are properly overseen, managed, and integrated into the Group’s strategy, risk management, and operations. This governance structure reflects the Group’s view that sustainability is not a standalone reporting exercise, but a matter of strategic oversight, operational accountability, and long-term business resilience. Oversight and implementation responsibilities are distributed across the Board, Board Committee, management committees, and operational functions to ensure clear accountability and effective execution across the organisation. Board of Directors The Board of Directors (“the Board”) holds ultimate responsibility for overseeing sustainability-related risks and opportunities and determining the Group’s overall sustainability direction. The Board ensures that material sustainability matters, including climate-related risks, are appropriately identified, assessed, and incorporated into the Group’s strategic planning and decisionmaking processes. The Board’s responsibilities include: l Approving the Group’s sustainability strategy and direction l Overseeing sustainability-related risks and opportunities l Reviewing material sustainability matters and risk exposures l Approving sustainability policies and key initiatives l Reviewing sustainability performance and targets l Approving sustainability disclosures and reporting l Ensuring sustainability considerations are integrated into business strategy and risk management Through its oversight role, the Board ensures that sustainability considerations support long-term business resilience, responsible decision-making and sustainable value creation for shareholders and stakeholders.
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