47 ANNUAL REPORT 2025 MST GOLF GROUP BERHAD Stakeholder engagement outcomes are considered during the Group’s materiality assessment process to identify and prioritise the Group’s material sustainability matters. Materiality Assessment and Material Sustainability Matters The Group conducts periodic materiality assessments to identify and prioritise sustainability matters that are most relevant to its business, stakeholders, and long-term value creation. The materiality assessment considers a range of factors, including: l Importance to stakeholders l Impact on the Group's business operations and financial performance l Environmental and social impact of the Group's operations l Regulatory and compliance requirements l Industry trends and emerging sustainability risks l Alignment with the Group's business strategy and risk management Based on this assessment, the Group identified eighteen (18) material sustainability matters, which are organised under the Group’s CARES Sustainability Framework. These material sustainability matters form the basis of the Group’s sustainability strategy, sustainability risk management, performance monitoring, and sustainability disclosures. The Group recognises that material sustainability matters may evolve over time as the operating environment, stakeholder expectations, and regulatory landscape continue to change. As such, the Group intends to periodically review and refresh its materiality assessment to ensure ongoing relevance and decisionusefulness. CARES Sustainability Framework The CARES Sustainability Framework serves as the Group’s strategic framework for managing sustainability matters and integrating sustainability into business strategy and operations. The framework provides a structured lens through which the Group organises its sustainability priorities and links them to governance, risk management, and operational execution. CARES represents: CARES Pillar Strategic Intent Key Sustainability Risk Themes Addressed Related Material Matters Caring and Responsible Employer Build a safe, inclusive, and capable workforce that supports long-term business resilience. Workplace safety, employee wellbeing, talent retention, labour standards, diversity and inclusion. Employee Health, Safety and Wellbeing, Employee Diversity, Labour Standards and Human Rights, Group Culture and Internal Operations. Accountable and Ethical Operations Uphold trust, integrity, and operational discipline across the business. Data security and privacy, regulatory compliance, ethical conduct, customer trust. Anti-Bribery, Anti-Corruption and AntiMoney Laundering, Data Security and Privacy, Responsible Retail Practice, Customer Care. Resilient Environmental Stewardship Reduce environmental impact and improve operational resilience in a changing climate. Climate-related risks, energy use, emissions, waste, water management, product stewardship. Greenhouse Gas Emissions, Climate Change Resiliency, Efficient Energy Use, Efficient Water Use, Proper Waste Management, Golf Product Life Cycle Management.
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