Climate Change Data

Massy Holdings Ltd.

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:130,000 tons/year (cardboard)
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Not disclosed

Environmental Achievements

  • Installed nine solar power systems in Barbados and Saint Lucia.
  • Recycled 130,000 metric tonnes of cardboard in Trinidad and Saint Lucia.
  • 300 vehicles converted to LPG fuel in Jamaica, reducing carbon footprint.
  • Guyana operation processes and treats waste mud to recover harmful chemicals.

Social Achievements

  • Launched SAFE (Stop Abuse, Feel Empowered) women’s grocery voucher programme in Guyana.
  • Partnered with CPFSA in Jamaica to support children in state care.
  • Supported various cancer awareness and heart health campaigns.
  • Provided life skills training in Colombia to families of workers and community leaders.

Governance Achievements

  • Strengthened subsidiary governance and Portfolio autonomy.
  • Implemented a consolidation software for full end-to-end automation of monthly consolidation process.
  • Cross-listed on the Jamaica Stock Exchange.
  • Revised investment philosophy resulting in asset class rotation into Cash and Equivalents and Investment Grade Fixed Income instruments.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Global economic slowdown, rising inflation, supply chain disruptions, and geopolitical headwinds.
  • Cyber-attacks targeting the Integrated Retail Portfolio in Trinidad and Jamaica.
  • Poor performance of global equity markets impacting overseas cash investments.
  • Supply chain vulnerability of key suppliers.
Mitigation Strategies
  • Improved merchandising and product selection at stores.
  • Acquisition of significant new agencies.
  • Improved supply chain management.
  • Partnered with international experts to review cybersecurity posture and improve network resilience.
  • Asset class rotation into Cash and Equivalents and Investment Grade Bonds.
  • Implemented supplier business continuity and contingency plans.
  • Introduced software tracking system for cylinder management.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Supplier business continuity and contingency plans.

Climate-Related Risks & Opportunities

Physical Risks
  • Climate events
Transition Risks
  • Environmental concerns regarding products (Gas Products).
Opportunities
  • Renewable energy projects (Gas Products).

Reporting Standards

Frameworks Used: Null

Certifications: ISO 9001:2015 (Massy Machinery and Motors), ISO 14001 (Gas Products - in progress)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Electric and hybrid vehicles (Motors & Machines).

Awards & Recognition

  • Exceptional Performance Award for National Alamo and Enterprise Rent-a-Car in Colombia.