32 TIONG WOON CORPORATION HOLDING LTD SUSTAINABILITY REPORT 2025 CLIMATE STRATEGY AND IFRS S2 DISCLOSURES LEADING CLIMATE RESILIENCE IN HEAVY INFRASTRUCTURE Our climate strategy represents a fundamental commitment to environmental stewardship while positioning TWC as a leader in climate-resilient infrastructure solutions. We recognise that effective climate action requires systematic risk management, strategic opportunity optimisation, and transparent disclosure that enables stakeholder decisionmaking and accountability. GOVERNANCE: BOARD LEADERSHIP IN CLIMATE OVERSIGHT The Board of Directors maintains ultimate accountability for climate-related strategy, risk management, and opportunity optimisation. Climate considerations are systematically integrated into strategic planning, investment decisions, and performance evaluation processes through dedicated governance structures and regular oversight activities. Board Climate Responsibilities: • Strategic climate direction and target setting • Climate risk assessment and mitigation oversight • Climate opportunity identification and optimisation • Performance monitoring and strategic adjustment • Stakeholder engagement and disclosure oversight The Audit Committee supports Board oversight through detailed climate risk assessment, performance monitoring, and compliance verification. Management Climate Leadership: Our executive team maintains operational responsibility for climate strategy implementation, performance optimisation, and stakeholder engagement. The SRC coordinates cross-functional climate initiatives while ensuring strategic alignment and operational excellence. Management’s climate responsibilities include strategy execution, risk monitoring, opportunity development, performance optimisation, and transparent stakeholder communication. Regular climate performance reviews inform strategic adjustments while ensuring accountability across all organisational levels. STRATEGY: CLIMATE RESILIENCE AND TRANSITION LEADERSHIP Our climate strategy addresses both transition risks and physical risks while optimising emerging opportunities in the evolving low-carbon economy. We have conducted comprehensive risk and opportunities assessment, and scenario analysis to inform strategic planning and ensure business resilience across multiple climate futures. RISK MANAGEMENT: INTEGRATED CLIMATE RISK FRAMEWORK Climate risks are fully integrated within our enterprise risk management system through systematic identification, assessment, prioritisation, and mitigation processes. Our approach ensures climate considerations inform strategic decisions while enabling proactive risk management and opportunity optimisation. Climate risks inform strategic planning, investment prioritisation, and operational decision-making through regular risk assessment updates and strategic review processes. This integration ensures climate considerations shape business strategy while enabling adaptive management and strategic optimisation.
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