2023 SUSTAINABILITY REPORT 87 ANNUAL REPORT 2023 6.3 REDUCTION OF CARBON FOOTPRINT 6.3.1 ENERGY AND GREENHOUSE GAS EMISSIONS (“GHG”) As the business continues its growth trajectory, the importance of sustainability and corporate governance remains instilled within the Group. Aligned with the Singapore Green Plan positioning Singapore to achieve its 2050 net zero emissions goal, we are committed to contributing to Singapore’s national agenda on sustainable development. At CSE, we employ two main sources of energy consumption for our operations. Whilst our fleet of vehicles predominantly function on diesel and petrol, our office premises, warehouses, and integration centres primarily utilise electricity. We drive to reduce our energy consumption across all operational processes to ultimately mitigate our carbon footprint whilst striving to negate detrimental environmental impacts. We remain cognisant of curbing energy consumption for a sustainable future, which will result in cost savings and overall improvements in economic performance. We are dedicated to reducing energy consumption and mitigating our carbon footprint. In a bid to transition to cleaner and renewable energy sources while promoting energy efficiency throughout our operations, CSE started to implement energy-saving practices, such as motion sensor lights, energy-efficient bulbs, and regular efficiency checks, while promoting employee awareness of energy conservation. Additionally, our commitment to reduce our carbon footprint includes transitioning to a greener fleet through the adoption of electric vehicles. We recognise the need to minimise our environmental footprint and seek to achieve resource efficiency. In the same vein, managing and monitoring of our carbon footprint can also raise our brand profile, enable us to gain a competitive advantage by being an environmental champion in our industry as well as reduce operating costs. FY2023 TARGETS Reduce greenhouse gas carbon emission index by 1% annually OUR PROGRESS Met target FY2024 TARGETS Reduce greenhouse gas carbon emission index by 1% annually In FY2023, we consumed a total of 5,821,246 kWh of electricity, a 4.0% decrease from past reporting. This has led to an improved electricity consumption index from 10,871 kWh/SGD million to 8,029 kWh/SGD million. FY2021 FY2022 FY2023 Electricity consumed (kWh) 5,597,121 6,062,774 5,821,246 Electricity consumption index (kWh/SGD million) 11,943 10,871 8,029
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