The Risk Management Committee continuously monitors and manages ourrisk effectively according to Masteel Risk Management Framework (“RMF”). In addition, RMF is guided by our Risk Management Policy based on the Enterprise Risk Management approach. In FY2022, Masteel expanded the RMF better to encompass the Environment, Social, and Governance risk and their mitigation measures.

The details of risk management are outlined on the TCFD pages 87-90 and our Annual Report.