WCT : 2022 Sustainability Statement

36 WCT HOLDINGS BERHAD

SUSTAINABILITY STATEMENT

ABOUT THIS STATEMENT

INTRODUCTION

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SS2022 provides a comprehensive BDDPVOU PG8$5T POHPJOH TVTUBJOBCJMJUZ KPVSOFZ GPS PVS TUBLFIPMEFST o detailing the Group's continued progress in improving its sustainability performance.

Disclosures provided in the SS2022 encompass economic, environmental and social information that can be utilised by various stakeholders including those making financial decisions about WCT. Information regarding the governance of WCT can be found in the Corporate Governance section of the Annual Report. In combination, the information will adequately BEESFTT FOWJSPONFOUBM FDPOPNJD BOE HPWFSOBODF i&4(w EBUB needed by stakeholders wanting to make investment or lending decisions on WCT based on its ability to create short, medium and long-term value.

WCT's SS2022 aims to also provide readers with information on our contribution to the achievement of United Nations Sustainable %FWFMPQNFOU(PBMT i6/4%(Tw CFMPX

Specific information on WCT's strategic efforts in realising sustainability outcomes that correspond to these UN SDGs is provided in the Aligning with the UN SDGs section.

MANAGING RISKS, CREATING OPPORTUNITIES IN SUSTAINABILITY

The focus on sustainability is also driven by the continued emergence of various sustainability risks and opportunities e.g., stricter regulations PO HSFFOIPVTF HBT ()( FNJTTJPOT IFJHIUFOFE DVTUPNFS FYQFDUBUJPOT GPS NPSF SFTQPOTJCMF EFWFMPQNFOUT, supply chain disruptions, worker rights. Hence, WCT's ongoing sustainability efforts are also aimed at reducing and mitigating these risks that are prevalent based on the Group's business operations comprising engineering and construction, property development, and property investment and management.

Through a committed and strategic focus on material sustainability topics, WCT aims to enable effective mitigation and prevention against risks and to strengthen the business model towards ensuring resilience against emerging issues such as climate change, supply chain disruptions and others.

'PS B NPSF DPNQSFIFOTJWF QFSTQFDUJWF PG8$5T business performance and value creation strategies, readers are advised to read SS2022 UPHFUIFS XJUI UIF 8$5 "OOVBM 3FQPSU i"3w OPUBCMZ UIF .BOBHFNFOU %JTDVTTJPO BOE "OBMZTJT XIJDI QSPWJEFT .BOBHFNFOUT account of the financial year of the Group's business, operational and financial performance.

REPORTING FRAMEWORKS AND GUIDELINES REFERENCED

Information contained in SS2022 has been prepared by referring to the following reporting frameworks and guidelines:

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ANNUAL REPORT 2022

37

SUSTAINABILITY STATEMENT

cont'd

REPORTING SCOPE AND BOUNDARY

The scope of this statement covers the SFQPSUJOHQFSJPEGSPN+BOVBSZUP %FDFNCFSwith most statistics presented based on a three-year timeframe. WCT reports its sustainability performance on an annual basis. The QSFWJPVTTUBUFNFOUQVCMJTIFEXBTGPS': 44

WCT's disclosure in SS2022 is based on the disclosure requirements of the frameworks mentioned above, with disclosures covering the Group's operations in Malaysia for the following business divisions:

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All subsidiaries that8$5IBTNBOBHFNFOUDPOUSPMPGJTJODMVEFEJO':T reporting. The full list of projects and offices are provided as follows:

List of Projects and Offices	Division	Type
Mass3BQJE5SBOTJU i.3574w ,VBMB-VNQVS	Engineering and Construction	Project Site
.BMM,VBMB-VNQVS	Engineering and Construction	Project Site
Pan Borneo Highway, Sarawak	Engineering and Construction	Project Site
5VO3B[BL&YDIBOHF i539$w ,VBMB-VNQVS	Engineering and Construction	Project Site
5IF&YDIBOHF5393FUBJM i5393FUBJMw ,VBMB-VNQVS	Engineering and Construction	Project Site
5IF&YDIBOHF539)PUFMBOE0GmDF i539)PUFMBOE0GmDFw ,VBMB-VNQVS	Engineering and Construction	Project Site
8FTU$PBTU&YQSFTTXBZ i8$&w 4FMBOHPS	Engineering and Construction	Project Site
-JHIU3BJM5SBOTJU-JOF i-35(4(4w 4FMBOHPS	Engineering and Construction	Project Site
Pavilion Damansara Heights, Kuala Lumpur	Engineering and Construction	Project Site
Elevated Highway Project, Sprint Highway, Kuala Lumpur	Engineering and Construction	Project Site
4BQBOHBS#BZ+FUUZ&YQBOTJPO i+FUUZ&YUFOTJPOw 4BCBI	Engineering and Construction	Project Site
Sapangar Bay Container1PSU&YQBOTJPO i$POUBJOFS1PSUw 4BCBI	Engineering and Construction	Project Site
Sultan Ismail Petra Airport, Kelantan	Engineering and Construction	Project Site
WCT Machinery, Selangor	Engineering and Construction	Business Operations
The Ascent, Selangor	WCT Headquarters	Office
0OF.FEJOJ4EO#IE i0.4#w 4FMBOHPS	Property Development	Office
(FNJMBOH8BSBT4EO#IE i(84#w 4FMBOHPS	Property Development	Office
8$506(%FWFMPQNFOU4EO#IE i8$506(w ,VBMB-VNQVS	Property Development	Office
-BCVS#JOB4EO#IE i-#4#w 4FMBOHPS	Property Development	Office
W City JGCC, Johor	Property Development	Project Site
W City OUG, Kuala Lumpur	Property Development	Project Site
Aronia Apartment, Selangor	Property Development	Project Site
Adenia Apartments, Selangor	Property Development	Project Site
Paradigm+PIPS#BISV)PUFMBOE3FTJEFODFT i1BSBEJHN)PUFMBOE3FTJEFODFw +PIPS	Property Development	Project Site
Pavilion Mont Kiara, Kuala Lumpur	Property Development	Project Site
Parklands Gravity Sewerage, Selangor	Property Development	Project Site
Paradigm Mall Petaling Jaya, Selangor	Shopping Mall	Business Operations
Paradigm Mall Johor Bahru, Johor	Shopping Mall	Business Operations
gateway@klia2, Selangor	Shopping Mall	Business Operations
SkyPark Terminal, Selangor	Shopping Mall	Business Operations
Le Méridien Petaling Jaya, Selangor	Hotel	Business Operations
Première Hotel, Selangor	Hotel	Business Operations
SkyPark Aviation, Selangor	Business Aviation	Business Operations

38 WCT HOLDINGS BERHAD

SUSTAINABILITY STATEMENT

cont'd

Data and information provided in SS2022 has been internally sourced and collected from official Group records and documents. Collected data and results are based on recognised metrics andJOEVTUSZTUBOEBSETTVDIBTUIF(SFFOIPVTF(BT i()(w 1SPUPDPMBOE others.

We also ensure the GRI Reporting Principles has been applied in making our disclosures.

EXCLUSIONS AND LIMITATIONS

Outsourced operations and associate companies of which the Group does not have management control of are excluded unless otherwise mentioned.

WCT is cognisant that despite its best efforts, data for certain disclosures may be unavailable. Among the gaps identified are disclosures on the environmental and social performance of the Group's supply chain. The Group is progressively strengthening its ongoing data collection, which includes supply chain information.

5PXBSETUIJTFOEJO':, WCT has developed the necessary framework for effective supply chain engagement and data collection such as its Responsible Supply Chain Policy, Sustainable Procurement Policy, Supplier Code of Conduct, and WCT Material Use Policy. These efforts are expected to pave the way for a more systematic and effective supplier assessment regarding TPDJBM BOE FOWJSPONFOUBM JTTVFT JO ': BT well as data collection from the supply chain going forward. Such information will subsequently be disclosed in future sustainability reporting.

MEMBERSHIP IN ASSOCIATIONS

WCT is a member of the following industry associations, organised based on our various business segments. Regarding our Business Aviation segment, we have listed the relevant official authorities governing related operations.

Engineering and Construction

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• CIDB - Contractor's Capacity & Capability Evaluation

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• Pusat Pendaftaran Kontraktor Kerja, Bekalan Dan Perkhidmatan Negeri Sabah - Kementerian

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• Sabah Trading License - WCTB, WCTC, WCT Machinery
• Sarawak Trading License - WCTB, WCTC, WCT

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• National Institute of Occupational Safety and Health
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ASSURANCE

Property Development

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• Real Estate & Housing Developers'
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Shopping Malls

• Persatuan Pengurusan Kompleks Malaysia
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  Malls Association

Business Aviation Authorities

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Hotels

• Malaysian Association of
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  Hotel and Le Méridien Petaling Jaya
• Malaysian Association
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• Association of Hotel
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• Malaysia Inbound Chinese Association
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• Malaysian Employers
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  Méridien Petaling Jaya

WCT has undertaken independent auditing and assurance for financial data presented in this statement where the figures can be cross- SFGFSFODFEUPUIF'JOBODJBM3FQPSUPGUIFAR2022. The Group will look to undertake an internal assurance exercise of sustainability-related data GPS':

ANNUAL REPORT 2022

39

SUSTAINABILITY STATEMENT

cont'd

FORWARD-LOOKING STATEMENTS

This report contains forward-looking statements such as targets, prospects, future plans and reasonable assumptions that were set in regard to expected or future performances, which are based on presently available data and information as well as current operating environment conditions. However, readers should be advised not to place undue reliance on such statements as our business is subject to risks and uncertainties that are beyond our control. Actual results may differ.

REPORT AVAILABILITY AND FEEDBACK

SS2022 is prepared as part of WCT's Annual Report 2022, which can be downloaded from the Group's website at https://www.wct.com.my/. The Group welcomes feedback, comments, and suggestions for improvement, which can be sent to the following:

Manager, Corporate Affairs,

Group Corporate Affairs,

WCT Holdings Berhad,

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The Ascent, Paradigm,

/P+BMBO44",FMBOB+BZB1FUBMJOH Jaya,

Selangor Darul Ehsan, Malaysia. 5FM Email : [e-mail]

MILESTONES AND SUSTAINABILITY JOURNEY

@	Commenced	@	Enhanced year-on-year
	sustainability reporting		data accuracy and
	guided by Bursa Malaysia		disclosure
	& GRI standards	@	Refinement of material
@	Conducted first		matters
	materiality assessment	@	Sustainability awareness
@	Developed year-on-year		briefing to Board and
	data reporting format		employees

@ Established Board Risk and	@	Established COVID-19
Sustainability Committee		response and
(BRSC)		disclosure
@ Strengthened data integrity and	@	Refinement of reporting
expanded scope of data tracking		for investors and
@ UNSDGs alignment based on		analysts
global standards of sustainability	@	Developed ABAC Policy
frameworks		& SOP

2017

2023

2018

2019

2020

20222021

• Capacity building for suppliers on the established policies through briefing and sharing of best practices
• Commencement on assessment of sustainable procurement practices by suppliers

• Developed sustainability framework
• Established sustainability targets and initiatives
• Developed Responsible Supply Chain Policy, Sustainable Procurement Policy, Supplier Code of Conduct, and WCT Material Use Policy
• Established the Group Integrity Unit

• A refresh of materiality assessment
• Developing sustainability goals & strategies
• Formalised group-wide Stakeholder Engagement Policy

40 WCT HOLDINGS BERHAD

SUSTAINABILITY STATEMENT

cont'd

NOTABLE SUSTAINABILITY-RELATED DEVELOPMENTS

WCT is committed to participating in valuable projects and has therefore integrated sustainable practices into its operations. By doing so, WCT is equipped to deliver sustainable outcomes in all its endeavours, including nation-building projects that contribute to job creation, enhance community accessibility, drive growth in surrounding neighbourhoods, and improve public transportation infrastructure. Additionally, WCT recognises the pressing need for affordable housing and has taken proactive steps to address this issue. Overall, WCT's dedication to sustainability underscores its role as a responsible corporate citizen and its commitment to promoting sustainable development in Malaysia.

2022

The Adenia Apartments have been introduced as an affordable residential option in Klang, offering premium amenities at an affordable price. This 23-storey tower in the well- established Bandar Parklands township DPNQSJTFT VOJUT XJUI B built-up area PG TRGU BOE GFBUVSFT UISFF CFESPPNT and two bathrooms. The development has been specifically designed to address the present lack of affordable homes within the community, which goes towards meeting the housing needs of a large segment of the population.

2021

WCT has achieved QSBDUJDBM DPNQMFUJPO PG UIF LN Bandar Malaysia South Portal to Kampung Muhibbah alignment of the nation's MRT2 Putrajaya Line Project, together with road works, landscaping, and two MRT stations, namely the Kuchai and Taman Naga Emas stations. OHS at the workplace is of paramount importance and WCT's safety practices has led to the achievement of the highest 5-Star Rating in the Safety and Health Assessment System in $POTUSVDUJPO 4)"44*$ "DIJFWFS BXBSE CZ $*%# .BMBZTJB JO XJUI B TDPSF PG 640,000 Safe-Man Hours without Lost 5JNF *OKVSZ -5* GPS UIF BMJHONFOU BOE 4BGF .BO-Hours without -PTU5JNF *OKVSZ -5* GPS UIF DPOTUSVDUJPO PG the stations. In addition, the construction works at the alignment has created about 2,000 job opportunities.

The construction of the alignment and MRT stations by WCT is expected to play a significant role in enhancing accessibility and driving growth in the surrounding neighbourhoods, while also bringing substantial improvements to public transportation infrastructure.