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MASTEEL SUSTAINABILITY

Sustainability Governance

We at Masteel remains unwavering in our commitment to sustainable governance, continuously strengthening the oversight and effectiveness of our two key committees which is the Sustainability Committee and the Risk Management Committee. As part of our ongoing efforts to align with international best practices, Mr. Smith Yong Weng Yeu was appointed as the Chief Sustainability Officer (“CSO”), entrusting him with the critical responsibility of overseeing Masteel’s sustainability strategies, frameworks, and management systems. His role is pivotal in ensuring that our sustainability initiatives align with the IFRS S1 & S2 disclosure standards, reinforcing our commitment to transparent, climate-resilient, and risk-informed decision-making. In October 2024, Mr. Teo Chee Koon assumed the position, succeeding Mr. Smith Yong following his resignation. He is supported by Mr. Dani Khor Kiat Hong, who serves as the Deputy Sustainability Officer.

Masteel’s Sustainability Policy serves as the foundation for integrating ESG principles into our operations, ensuring that we not only meet regulatory expectations but also drive long-term value creation for our stakeholders. Our approach is rooted in comprehensive risk management, strategic sustainability planning, and compliance with globally recognised reporting standards, reflecting our proactive stance in addressing climate-related financial risks and opportunities.

For a comprehensive overview of our sustainability governance, risk assessment framework, and GHG disclosures, is detailed outline on pages 151 of our IFRS S1 & S2 Report. This section provides insights into our structured approach to sustainability, illustrating how Masteel integrates financial and non-financial performance metrics to enhance resilience and sustainable growth.

 

Sustainability Governance Structure