01 | ABOUT NEXG 02 | OUR LEADERSHIP 03| OUR PERSPECTIVE 04 | SUSTAINABILITY 05 | GOVERNANCE 06 | FINANCIAL STATEMENTS 07 | OTHER INFORMATION ANNUAL REPORT 2026 BOARD OVERSIGHT MANAGEMENT’S ROLE IN GOVERNANCE A robust governance structure is essential to ensure effective implementation and alignment with our business priorities. This year, NexG continued to strengthen its sustainability governance framework in alignment with IFRS S1 and IFRS S2. The Board is ultimately responsible for the Group’s sustainability- and climate-related matters. This includes overseeing and approving the consideration of sustainability- and climate-related risks and opportunities in the Group’s strategic direction, major business decisions, and risk management processes. The Board’s responsibilities and mandates are formally defined in the Board Charter. To support its oversight responsibilities, the Board is advised by: The Group’s sustainability management and implementation is structured across two tiers: the Sustainability Taskforce and the Sustainability Working Group (“SWG”). The Sustainability Taskforce, made up of Heads of Departments and led by the Director of the Strategic Communications Department, operates under the guidance and direction of the Sustainability Committee. It is responsible for: At the management level, oversight is spearheaded by the Sustainability Committee (“SC”), which operates under the mandate defined by the Sustainability TOR. The Committee is responsible for the operational execution of the Board-approved strategy, including the monitoring of ESG targets across all sites. Reporting to the Sustainability Taskforce, the SWG, established in FY2025, comprises functional data owners responsible for collecting and validating sustainability- and climate-related data. The SWG supports implementation of departmental initiatives and ensures the tracking and reporting of sustainability performance. Relevant Heads of Departments support the process of identifying, assessing, and mitigating sustainability- and climate-related risks, contributing to their integration into the Group’s ERM framework and related policies. This is overseen by the ARMC to ensure alignment between daily risk practices, policy implementation, and Board-level oversight, including related trade-offs. The Sustainability Taskforce reports regularly to the Sustainability Committee, providing updates on implementation progress and ESG data quality. The Board receives updates on sustainability and climate-related matters on a semi-annual basis through structured reporting and presentations by the Sustainability Committee. These updates cover progress on key initiatives, emerging risks and opportunities, and alignment with regulatory developments. To strengthen the Board members sustainability knowledge and capabilities, four (4) Board members have participated in the Mandatory Accreditation Programme (MAP) Part II: Leading for Impact (LIP), a two-day course focused on sustainability governance and climate risk. The Sustainability Committee, with input from the Sustainability Taskforce, periodically assesses whether the Board has the necessary skills and competencies to oversee sustainability- and climate-related matters. Where gaps are identified, the committee recommends relevant training or programmes for the Board to enhance its capabilities and stay abreast of evolving issues. Sustainability Committee – Comprised of two (2) Board members, this committee advises the Board on sustainability matters, including the identification and consideration of sustainability- and climate-related risks and opportunities, and the integration of these into the company’s strategy and long-term planning. It also evaluates the implications of these risks and opportunities in major transactions, including potential trade-offs, and provides recommendations to the Board, which retains ultimate responsibility for approval. The committee’s mandates and responsibilities are defined in its Terms of Reference Audit and Risk Management Committee (“ARMC”) – Comprised of three (3) Board members, the ARMC was formed in FY2026 through the consolidation of the Audit and Risk Committees, enhancing governance effectiveness and helping embed sustainability- and climate-related risks into the Enterprise Risk Management (“ERM”) framework.Management. . Driving sustainability initiatives and cross-department coordination . Integrating sustainability and climate considerations into business functions . Monitoring and managing sustainability performance . Overseeing annual sustainability disclosures . Reporting progress and challenges to the Sustainability Committee a) b) Sustainability STATEMENT (Cont’d) 48
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