55 ANNUAL REPORT 2025 MST GOLF GROUP BERHAD Risk Management Process Sustainability-related risks are managed through a structured process integrated into the Group’s Enterprise Risk Management framework. This process includes risk identification, assessment, Stage Description Risk Identification Sustainability risks and opportunities are identified through operational insights, stakeholder engagement, materiality assessments, climate analysis, and regulatory developments. Risk Assessment Identified risks are assessed based on impact and likelihood using the Group’s Enterprise Risk Management methodology and risk heat maps. Risk Mitigation Risk mitigation measures are implemented through policies, internal controls, operational improvements, and sustainability initiatives aligned with the CARES framework. Monitoring Sustainability risks and mitigation measures are monitored through KPI tracking, management reviews, committee oversight, and internal audit activities. Reporting Sustainability risks and performance are reported to Management, Committees, and the Board of Directors periodically. Continuous Improvement The Group continuously improves its sustainability risk management framework, internal controls, and data monitoring capabilities as risks and regulatory expectations evolve. mitigation, monitoring, reporting, and continuous improvement to ensure sustainability risks are effectively managed across the Group’s operations and strategy. MST Golf reinforces compliance and regulatory risk awareness through mandatory training sessions for all new employees during onboarding Materiality Assessment The Group identified eighteen (18) material sustainability matters through its materiality assessment process. These material matters are aligned with the CARES Sustainability Framework and ESG areas and are integrated into the Group’s sustainability strategy, risk management framework, performance monitoring, and sustainability initiatives. The table below summarises the linkage between the material sustainability matters, sustainability risks and opportunities, performance indicators, and the Group’s future sustainability actions.
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