| Statement of use | MAS Holdings (Private) Limited has reported in accordance with the GRI Standards for the period 1 January 2023 to 31 December 2023. |
| GRI 1 used | GRI 1: Foundation 2021 |
| Applicable GRI Sector Standard(s) | N/A |
| Gri standard/Other source | Disclosure | Location | Omission | ||
| Requirement(s) Omitted | Reason | Explanation | |||
| General disclosures | |||||
| GRI 2: General Disclosures 2021 | 2-1 Organisational details | Background to the Report | |||
| 2-2 Entities included in the organisation’s sustainability reporting |
Background to the Report | ||||
| 2-3 Reporting period, frequency and contact point | Background to the Report | ||||
| 2-4 Restatements of information | Background to the Report | ||||
| 2-5 External assurance | Background to the Report;
Annexures – External Assurance Statement |
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| 2-6 Activities, value chain and other business relationships | The MAS Story | ||||
| 2-7 Employees | Lives Changed for Good – Meaningful Employment | ||||
| 2-8 Workers who are not employees | Lives Changed for Good – Meaningful Employment | ||||
| 2-9 Governance structure and composition | The MAS Story | ||||
| 2-10 Nomination and selection of the highest governance body |
Omitted | Confidentiality constraints | Information withheld as MAS is a privately held corporation | ||
| 2-11 Chair of the highest governance body | The MAS Story ; Corporate Website | ||||
| 2-12 Role of the highest governance body in overseeing the management of impacts |
Our Plan for Change – Propelling Our Plan for Change | ||||
| 2-13 Delegation of responsibility for managing impacts | Our Plan for Change – Propelling Our Plan for Change | ||||
| 2-14 Role of the highest governance body in sustainability reporting | Our Plan for Change – Propelling Our Plan for Change | ||||
| 2-15 Conflicts of interest | Our Plan for Change – A Global Business for Good ; Lives Changed for Good – World-Class Workplaces |
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| 2-16 Communication of critical concerns | Our Plan for Change – Propelling Our Plan for Change | ||||
| 2-17 Collective knowledge of the highest governance body |
Our Plan for Change – Propelling Our Plan for Change | ||||
| 2-18 Evaluation of the performance of the highest governance body |
Omitted | Confidentiality constraints | Information withheld as MAS is a privately held corporation |
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| 2-19 Remuneration policies | Omitted | Confidentiality constraints | Information withheld as MAS is a privately held corporation |
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| 2-20 Process to determine remuneration | Lives Changed for Good – Meaningful Employment | ||||
| 2-21 Annual total compensation ratio | Omitted | Confidentiality constraints | Information withheld as MAS is a privately held corporation |
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| 2-22 Statement on sustainable development strategy | Message from Our Group CEO | ||||
| 2-23 Policy commitments | Our Plan for Change – A Global Business for Good ; Our Plan for Change – Ambitious Targets, Real Change |
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| 2-24 Embedding policy commitments | Our Plan for Change – Propelling Our Plan for Change | ||||
| 2-25 Processes to remediate negative impacts | Lives Changed for Good – World-Class Workplaces | ||||
| 2-26 Mechanisms for seeking advice and raising concerns |
Lives Changed for Good – World-Class Workplaces | ||||
| 2-27 Compliance with laws and regulations | Our Plan for Change – Propelling Our Plan for Change ; Lives Changed for Good - World-Class Workplaces |
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| 2-28 Membership associations | Our Plan for Change – Ambitious Targets, Real Change | ||||
| 2-29 Approach to stakeholder engagement | Our Plan for Change – Stakeholders as Partners ; Annexures – Stakeholder Engagement |
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| 2-30 Collective bargaining agreements | Omitted | Not applicable |
Not applicable as per the regulatory framework in areas of operation. However, organisational policies and operational framework consider these factors in determining working conditions; as discussed on page Lives Changed for Good . | ||
| Material topics | |||||
| GRI 3: Material Topics 2021 |
3-1 Process to determine material topics | Our Plan for Change – Redefining our Work in Sustainability | |||
| 3-2 List of material topics | Our Plan for Change – Areas of Focus | ||||
| Procurement practices | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | Products Changed for Good – Our Supply Chain Commitment | |||
| GRI 204: Procurement Practices 2016 | 204-1 Proportion of spending on local suppliers | Omitted | Confidentiality constraints | Information withheld as MAS is a privately held corporation | |
| Materials | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | Products Changed for Good – Source Sustainably | |||
| GRI 301: Materials 2016 | 301-1 Materials used by weight or volume | Omitted | Confidentiality constraints | Competitively sensitive information, regarding material-use, disclosed in percentages due to confidentiality concerns. | |
| 301-2 Recycled input materials used | Products Changed for Good – Source Sustainably | ||||
| 301-3 Reclaimed products and their packaging materials |
Omitted | Not applicable |
As a manufacturing entity, with a minimal retail footprint, MAS does not currently report on reclaimed products and packaging. Instead, the Group works with customers and other circularity partners to support and enable efforts that reclaim products and packaging. | ||
| Energy | |||||
| GRI 3: Material Topics 2021 |
3-3 Management of material topics | Our Planet Changed for Good – Limit Emissions | |||
| GRI 302: Energy 2016 | 302-1 Energy consumption within the organisation | Our Planet Changed for Good – Limit Emissions | |||
| 302-2 Energy consumption outside of the organisation | Omitted | Information unavailable/incomplete | While the Group carries out a comprehensive GHG inventory to estimate Scope 3 emissions, the data has not been disaggregated to provide information on energy consumption in the value chain. |
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| 302-3 Energy intensity | Our Planet Changed for Good – Limit Emissions | ||||
| 302-4 Reduction of energy consumption | Omitted | Information unavailable/incomplete | While the Group's Energy Transition plan results in reduction of energy consumption across operations, the extent of reduction has not been precisely quantified. | ||
| 302-5 Reductions in energy requirements of products and services |
Omitted | Information unavailable/incomplete | While the Group's Energy Transition plan results in a net reduction of energy intensity and energy demand, the extent of reduction has not been precisely quantified. | ||
| Water and Effluents | |||||
| GRI 3: Material Topics 2021 |
3-3 Management of material topics | Our Planet Changed for Good – Safeguard Water ; Our Planet Changed for Good – Responsible Chemical Use |
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| GRI 303: Water and Effluents 2018 |
303-1 Interactions with water as a shared resource | Our Planet Changed for Good – Safeguard Water | |||
| 303-2 Management of water discharge-related impacts | Our Planet Changed for Good – Responsible Chemical Use | ||||
| 303-3 Water withdrawal | Our Planet Changed for Good – Safeguard Water | ||||
| 303-4 Water discharge | Omitted | Information unavailable/ incomplete | Covers only part of our operations and will be included in future reports. | ||
| 303-5 Water consumption | Omitted | Information unavailable/incomplete | Measurement and calculations related to water consumption are being refined for consistency and accuracy. This disclosure will be represented in future reports. | ||
| Biodiversity | |||||
| GRI 3: Material Topics 2021 |
3-3 Management of material topics | Our Planet Changed for Good – Champion Biodiversity | |||
| GRI 304: Biodiversity 2016 |
304-1 Operational sites owned, leased, managed in, or adjacent to, protected areas and areas of high biodiversity value outside protected areas | Omitted | Not applicable |
Operations and owned facilities are not located in or adjacent to protected areas or areas of high biodiversity value. | |
| 304-2 Significant impacts of activities, products and services on biodiversity | Our Planet Changed for Good – Champion Biodiversity | ||||
| 304-3 Habitats protected or restored | Our Planet Changed for Good – Champion Biodiversity | ||||
| 304-4 IUCN Red List species and national conservation list species with habitats in areas affected by operations | Omitted | Not applicable |
No such species have been identified as of reporting date. | ||
| Emissions | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | Our Planet Changed for Good – Limit Emissions | |||
| GRI 305: Emissions 2016 | 305-1 Direct (Scope 1) GHG emissions | Our Planet Changed for Good – Limit Emissions | |||
| 305-2 Energy indirect (Scope 2) GHG emissions | Our Planet Changed for Good – Limit Emissions | ||||
| 305-3 Other indirect (Scope 3) GHG emissions | Our Planet Changed for Good – Limit Emissions | ||||
| 305-4 GHG emissions intensity | Our Planet Changed for Good – Limit Emissions | ||||
| 305-5 Reduction of GHG emissions | Our Planet Changed for Good – Limit Emissions | ||||
| 305-6 Emissions of ozone-depleting substances (ODS) | Our Planet Changed for Good – Limit Emissions | ||||
| 305-7 Nitrogen oxides (NOx), sulphur oxides (SOx), and other significant air emissions | Our Planet Changed for Good – Limit Emissions | ||||
| Waste | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | Our Planet Changed for Good – Transform Waste | |||
| GRI 306: Waste 2020 | 306-1 Waste generation and significant waste-related impacts | Our Planet Changed for Good – Transform Waste | |||
| 306-2 Management of significant waste-related impacts | Our Planet Changed for Good – Transform Waste | ||||
| 306-3 Waste generated | Our Planet Changed for Good – Transform Waste | ||||
| 306-4 Waste diverted from disposal | Our Planet Changed for Good – Transform Waste | ||||
| 306-5 Waste directed to disposal | Our Planet Changed for Good – Transform Waste | ||||
| Supplier environmental assessment | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | Products Changed for Good – Our Supply Chain Commitment | |||
| GRI 308: Supplier Environmental Assessment 2016 |
308-1 New suppliers that were screened using environmental criteria | Products Changed for Good – Our Supply Chain Commitment | |||
| 308-2 Negative environmental impacts in the supply chain and actions taken | Products Changed for Good – Our Supply Chain Commitment | ||||
| Employment | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | Lives Changed for Good – Meaningful Employment | |||
| GRI 401: Employment 2016 | 401-1 New employee hires and employee turnover | Lives Changed for Good – Meaningful Employment ; Annexures – Workforce Profile | |||
| 401-2 Benefits provided to full-time employees that are not provided to temporary or part-time employees | Lives Changed for Good – Meaningful Employment | ||||
| 401-3 Parental leave | Lives Changed for Good – Empowering Women | ||||
| Labour/ management relations |
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| GRI 3: Material Topics 2021 | 3-3 Management of material topics | Lives Changed for Good – World Class Workplaces | |||
| GRI 402: Labour/Management Relations 2016 |
402-1 Minimum notice periods regarding operational changes |
Lives Changed for Good – World Class Workplaces | |||
| Occupational health and safety |
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| GRI 3: Material Topics 2021 | 3-3 Management of material topics | Lives Changed for Good – World Class Workplaces | |||
| GRI 403: Occupational Health and Safety 2018 |
403-1 Occupational health and safety management system | Lives Changed for Good – World Class Workplaces | |||
| 403-2 Hazard identification, risk assessment, and incident investigation | Lives Changed for Good – World Class Workplaces | ||||
| 403-3 Occupational health services | Lives Changed for Good – Meaningful Employment | ||||
| 403-4 Worker participation, consultation, and communication on occupational health and safety |
Lives Changed for Good – World Class Workplaces | ||||
| 403-5 Worker training on occupational health and safety | Lives Changed for Good – World Class Workplaces | ||||
| 403-6 Promotion of worker health | Lives Changed for Good – Meaningful Employment | ||||
| 403-7 Prevention and mitigation of occupational health and safety impacts directly linked by business relationships | Lives Changed for Good – World Class Workplaces ; Products Changed for Good – Our Supply Chain Commitment ; Our Planet Changed for Good – Responsible Chemical Use |
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| 403-8 Workers covered by an occupational health and safety management system | Lives Changed for Good – World Class Workplaces | ||||
| 403-9 Work-related injuries | Lives Changed for Good – World Class Workplaces | ||||
| 403-10 Work-related ill health | Lives Changed for Good – World Class Workplaces | ||||
| Training and education | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | Lives Changed for Good – Meaningful Employment | |||
| GRI 404: Training and Education 2016 | 404-1 Average hours of training per year per employee | Lives Changed for Good – Meaningful Employment ; Annexures – Workforce Profile | Partially reported | ||
| 404-2 Programs for upgrading employee skills and transition assistance programs | Lives Changed for Good – Future-ready upskilling: Our Learning and Development Strategy |
Omitted | Information unavailable/incomplete | While the Group implemented extensive L&D programmes to upgrade employee skills, including providing for external training, details on transition assistance are not quantifiable. | |
| 404-3 Percentage of employees receiving regular performance and career development reviews | Lives Changed for Good – Meaningful Employment | ||||
| Diversity and equal opportunity |
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| GRI 3: Material Topics 2021 | 3-3 Management of material topics | Lives Changed for Good – Empowering Women | |||
| GRI 405: Diversity and Equal Opportunity 2016 |
405-1 Diversity of governance bodies and employees | Lives Changed for Good – Empowering Women ; Meaningful Employment |
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| 405-2 Ratio of basic salary and remuneration of women to men |
Omitted | Confidentiality constraints | Information withheld as MAS is a privately held corporation. |
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| Freedom of association and collective bargaining | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | Lives Changed for Good – World Class Workplaces | |||
| GRI 407: Freedom of Association and Collective Bargaining 2016 | 407-1 Operations and suppliers in which the right to freedom of association and collective bargaining may be at risk | Lives Changed for Good – World Class Workplaces ; Products Changed for Good – Our Supply Chain Commitment | |||
| Child labour | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | Products Changed for Good – Our Supply Chain Commitment | |||
| GRI 408: Child Labour 2016 |
408-1 Operations and suppliers at significant risk for incidents of child labour | Omitted | Confidentiality constraints | Competitively sensitive information, regarding suppliers, discussed qualitatively due to confidentiality concerns. | |
| Forced or compulsory labour |
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| GRI 3: Material Topics 2021 | 3-3 Management of material topics | Products Changed for Good – Our Supply Chain Commitment | |||
| GRI 409: Forced or Compulsory Labour 2016 | 409-1 Operations and suppliers at significant risk for incidents of forced or compulsory labour | Omitted | Confidentiality constraints | Competitively sensitive information, regarding suppliers, discussed qualitatively due to confidentiality concerns. | |
| Local communities | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | Lives Changed for Good – Thriving Communities | |||
| GRI 413: Local Communities 2016 |
413-1 Operations with local community engagement, impact assessments, and development programs | Lives Changed for Good – Thriving Communities | |||
| 413-2 Operations with significant actual and potential negative impacts on local communities | Omitted | Not applicable |
The Group's Community Engagement Model (CEM) and ERM framework institute controls that mitigate significant negative impacts on local communities. | ||
| Supplier social assessment | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | Products Changed for Good – Our Supply Chain Commitment | |||
| GRI 414: Supplier Social Assessment 2016 | 414-1 New suppliers that were screened using social criteria |
Omitted | Confidentiality constraints | Competitively sensitive information, regarding suppliers, not disclosed due to confidentiality concerns. | |
| 414-2 Negative social impacts in the supply chain and actions taken |
Omitted | Confidentiality constraints | Competitively sensitive information, regarding suppliers, disclosed in percentages due to confidentiality concerns. | ||
| Customer health and safety | |||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics | Our Planet Changed for Good – Responsible Chemical Use | |||
| GRI 416: Customer Health and Safety 2016 | 416-1 Assessment of the health and safety impacts of product and service categories |
Our Planet Changed for Good – Responsible Chemical Use | |||
| 416-2 Incidents of non-compliance concerning the health and safety impacts of products and services | Our Planet Changed for Good – Responsible Chemical Use | ||||
| SASB disclosures | |||||
| Management of Chemicals in Products |
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| SASB CG-AA-250: Management of Chemicals in Products |
CG-AA-250a.1 Discussion of processes to maintain compliance with restricted substances regulations | Our Planet Changed for Good – Responsible Chemical Use | |||
| CG-AA-250a.2 Discussion of processes to assess and manage risks or hazards associated with chemicals in products |
Our Planet Changed for Good – Responsible Chemical Use | ||||
| Environmental Impacts in the Supply Chain | |||||
| SASB CG-AA-430a: Environmental Impacts in the Supply Chain | CG-AA-430a.1 Percentage of (1) Tier 1 supplier facilities in compliance with wastewater discharge permits or contractual agreements | Products Changed for Good – Our Supply Chain Commitment ; Our Planet Changed for Good – Responsible Chemical Use | |||
| CG-AA-430a.1 Percentage of (2) Supplier facilities beyond Tier 1 in compliance with wastewater discharge permits or contractual agreements | Products Changed for Good – Our Supply Chain Commitment ; Our Planet Changed for Good – Responsible Chemical Use |
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| CG-AA-430a.2 Percentage of (1) Tier 1 supplier facilities that have completed the Sustainable Apparel Coalition’s Higg Facility Environmental Module (Higg FEM) assessment or an equivalent environmental data assessment |
Products Changed for Good – Our Supply Chain Commitment | ||||
| CG-AA-430a.2 Percentage of (2) Supplier facilities beyond Tier 1 that have completed the Sustainable Apparel Coalition’s Higg Facility Environmental Module (Higg FEM) assessment or an equivalent environmental data assessment |
Products Changed for Good – Our Supply Chain Commitment | ||||
| Labour Conditions in the Supply Chain |
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| SASB CG-AA-430b: Labour Conditions in the Supply Chain |
CG-AA-430b.1 Percentage of (1) Tier 1 supplier facilities that have been audited to a labour code of conduct, (3) percentage of total audits conducted by a third-party auditor |
Products Changed for Good – Our Supply Chain Commitment | |||
| CG-AA-430b.1 Percentage of (2) Supplier facilities beyond Tier 1 that have been audited to a labour code of conduct, (3) percentage of total audits conducted by a third-party auditor |
Products Changed for Good – Our Supply Chain Commitment | ||||
| CG-AA-430b.2 (1) Priority non-conformance rate and (2) associated corrective action rate for suppliers’ labour code of conduct audits |
Omitted | Confidentiality constraints | Standardised processes for corrective action and responses to compliance violations are in place, as described on Page Products Changed for Good ; however quantitative figures are not disclosed due to confidentiality concerns. | ||
| CG-AA-430b.3 Description of the greatest (1) labour and (2) environmental, health and safety risks in the supply chain |
Products Changed for Good – Our Supply Chain Commitment | ||||
| Raw Materials Sourcing | |||||
| SASB CG-AA-440a: Raw Materials Sourcing | CG-AA-440a.3 (1) List of priority raw materials | Products Changed for Good – Source Sustainably | |||
| CG-AA-440a.3 (2) Environmental or social factor(s) most likely to threaten sourcing, (3) Discussion on business risks or opportunities associated with environmental or social factors and (4) Management strategy for addressing business risks and opportunities | Products Changed for Good – Source Sustainably | ||||
| CG-AA-440a.4 (1) Amount of priority raw materials purchased | Omitted | Confidentiality constraints | Competitively sensitive information, regarding material-use, disclosed in percentages due to confidentiality concerns. | ||
| CG-AA-440a.4 (2) Amount of each priority raw material that is certified to a third-party environmental or social standard, by standard | Omitted | Confidentiality constraints | Competitively sensitive information, regarding material-use, disclosed in percentages due to confidentiality concerns. | ||
