87 Annual Report 2024 2024 SUSTAINABILITY REPORT 6.2.4 METRICS AND TARGETS The metrics and targets used to assess and manage relevant climate-related risks and opportunities. To assess climate-related risks and opportunities, CSE Global currently discloses energy consumption, Scope 1 and Scope 2 emissions, and paper consumption. Previous years’ data is available in past sustainability reports. We also have developed the following targets to manage our identified climate-related risks and opportunities and track our progress: • Reduce Scope 1 and 2 emission index2 by 7% by FY2030 (Base year: FY2023) • Reduce Scope 1 and 2 emission index by 1% by FY2025 • Reduce paper consumption index3 by 7% by FY2030 (Base year: FY2023) • Reduce paper consumption index by 1% by FY2025 Please refer to section 6.3 of this report for an overview of our environmental performance. 6.2.5 OUR CLIMATE REPORTING JOURNEY AHEAD This marks our third year reporting climate-related disclosures in alignment with the TCFD framework. To bolster the Group’s climate resilience, we are enhancing our understanding of climate risk exposure, refining our risk management process, and progressively embedding climate-related risks and opportunities into our business strategies. In support of this effort, we plan to conduct a scenario analysis in the coming year to assess the potential implications of climate-related risks on our business, enabling us to prioritise key risks and opportunities effectively. In addition, we are considering integrating climate-related risks into our Enterprise Risk Framework and overall risk management process. 6.3 REDUCTION OF CARBON FOOTPRINT 6.3.1 ENERGY AND GREENHOUSE GAS EMISSIONS As CSE Global 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 and net-zero ambitions. At CSE, we employ two main sources of energy consumption for our operations. Our vehicle fleet which predominantly runs on diesel and petrol, alongside electricity usage across our office premises, warehouses, and integration centres. We are dedicated to reducing our energy consumption across all operational processes to ultimately mitigate our carbon footprint whilst negating detrimental environmental impacts alongside resulting in cost savings and overall improvements in economic performance. We actively seek to minimise our carbon footprint and reduce energy consumption through a two-pronged approach. We have implemented motion senor lighting, energy efficient bulbs, and perform routine energy performance assessments across our facilities to improve energy efficiency. To enhance this effort, we also promote employee awareness of energy conservation. To offset carbon emissions by contributing to reforestation efforts and improving biodiversity, a donation was made by our Australian operations towards the planting of 350 trees in 2024. Additionally, we are phasing in electric vehicles (“EVs”) as part of our commitment to reduce our carbon footprint and transition to cleaner energy sources. While reducing environmental impact, these initiatives also contribute to operational cost savings and long-term business resilience. We recognise the need to minimise our environmental footprint and seek to achieve resource efficiency. In the same vein, managing and monitoring our carbon footprint can raise our brand profile, enabling us to gain a competitive advantage by being an environmental champion in our industry, while reducing operating costs. 2 Scope 1 and 2 emission index is calculated as total Scope 1 and 2 GHG emissions in metric tonnes of CO2 emissions divided by total revenue in millions of Singapore dollars. 3 Paper consumption index is calculated as total paper consumption in kilogrammes divided by total revenue in millions of Singapore dollars. FY2024 Targets Our Progress FY2025 Targets Reduce Scope 1 and 2 emission index by 1% by FY2024 Target achieved Reduce Scope 1 and 2 emission index by 1% by FY2025
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