MSTGOLF Annual Report 2025

OUR STRATEGIC CONTEXT 52 Risk Management Framework The Group manages sustainability-related risks and opportunities through a structured risk management framework that integrates risk identification, assessment, mitigation, governance oversight, and ongoing monitoring within the Group’s ERM framework. By embedding sustainability-related risks into the ERM framework, the Group is better positioned to identify emerging risks early, evaluate their potential impact on operations and stakeholders, and implement appropriate mitigation measures to strengthen operational resilience and support long-term value creation. This approach also helps ensure that sustainability-related matters are considered alongside other strategic, operational, financial, and compliance risks, rather than being managed in isolation. Governance & Oversight Board of Directors, GRSC, SWC, Department Heads, Policies Risk Identification and Inputs Operations, Stakeholder Engagement, Climate Scenario Analysis, Materiality Assessment, Regulatory Development Risk Assessment & Management Enterprise Risk Management, Impact & Likelihood, Risk Heat Map Strategic Risk Assessment Response CARES Framework (5 Pillars) Monitoring & Improvement Targets, Reviews, Reporting, Continuous Improvement SUSTAINABILITY STATEMENT

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