The Company has reported on its approach to managing climate-related risks and opportunities, including its greenhouse gas emissions, but has not yet developed a formal decarbonisation strategy or transition plan. The company’s management and board periodically assess the potential impacts of climate-related risks and opportunities, taking into consideration the company’s activities, regulatory developments, customer expectations, and industry trends.
Material actions and disclosures
The company has established a qualitative, directional climate-related goal to reduce its annual electricity consumption on a year-on-year basis, with the objective of achieving a corresponding net reduction in its Scope 2 greenhouse gas emissions. The company is committed to improving energy performance and will continue to implement measures to reduce electricity consumption over time.
The company’s commercial lease property is being upgraded with smart energy systems, such as automated heating, ventilation, and air conditioning controls, and LED lighting and smart sensors for occupancy and daylight control. These measures are intended to reduce energy usage and help manage physical risks, such as increased cooling demand due to rising temperatures, and transition risks such as stricter energy efficiency regulations.
Forward commitments
The company aims to continue improving the accuracy of its GHG emissions metrics and is investing in data collection and engaging with clients to obtain more precise data. It is also enhancing its financial risk models to better capture the potential impacts of climate change on its activities.
The company will continue to monitor evolving stakeholder expectations, climate-related regulations, and business impacts and will reassess the need for a formal transition plan, emissions reduction targets, or other climate-related initiatives as part of its ongoing planning processes.
The company has not yet established any voluntary climate-related targets or emission reduction commitments during the reporting period, and there are currently no laws or regulations applicable to the company that require the adoption of mandatory climate-related targets or emissions reduction commitments.