85 Annual Report 2024 2024 SUSTAINABILITY REPORT 6. PROTECTING OUR ENVIRONMENT FOR FUTURE GENERATIONS 6.1 OUR APPROACH The World Economic Forum Global Risks Report 20241 ranked extreme weather events and critical change to earth’s systems within the top three long-term threats to the Earth’s systems. This underscores the urgency for businesses to accelerate climate action and transition to a lower-carbon economy. To drive positive outcomes for the environment, we adhere to comprehensive environmental policies (e.g., green procurement guidelines and environmental and sustainability policy) alongside recognised standards (e.g., ISO 14001). By leveraging these frameworks, we aim to reduce the environmental footprint of our products and services whilst continually seeking innovative solutions. 6.2 CLIMATE RESILIENCE (TASK FORCE ON CLIMATE-RELATED FINANCIAL DISCLOSURES) Understanding the profound impact climate change can have on our operations, we have proactively integrated climate-related risks into our business strategy. Since FY2022, CSE has adopted the recommendations of the TCFD framework. This has enabled us to better position ourselves to manage identified climate-related risks and capitalise on climate-related opportunities to strengthen our business resilience. The following section outlines our climate-related disclosures in the four key areas: governance, strategy, risk management, and metric and targets. As we progress toward ISSB-aligned climate reporting, we remain committed to enhancing our climaterelated disclosures in forthcoming reports. 6.2.1 GOVERNANCE Our governance around climate-related risks and opportunities. CSE Group is committed to fostering an effective governance structure that aligns our operations with sustainability objectives, thus driving positive, long-term impact. Guided by our Group’s purpose and sustainability framework, the Board maintains oversight of all climate-related risks and opportunities. Climate-related issues are an integral part of our business plans and diversification strategy. The Board regularly engages with management in discussions on the topic of climate-related risks and opportunities, such as embarking on renewable energy projects. The Board also reviews and monitors targets on an annual basis to ensure they are on track. In compliance with SGX’s requirements, our directors have completed mandatory sustainability training. Our Board of Directors have attended sustainability training courses on ESG Essentials and Sustainability for Directors offered by the Singapore Institute of Directors. 1 The Global Risks Report 2024, https://www3.weforum.org/docs/WEF_The_Global_Risks_Report_2024.pdf
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