Climate Change Data

ASBISC Enterprises PLC

Climate Impact & Sustainability Data (2020)

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:1226 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:447 tCO2e/year
Scope 2 Emissions:759 tCO2e/year
Scope 3 Emissions:1,760,077 tCO2e/year (partial)
Renewable Energy Share:0%
Total Energy Consumption:1.9 GWh/year
Waste Generated:US$158,000 (net of VAT) in waste disposal costs
Carbon Intensity:52.6 tonnes of CO2e per item sold in 2020.

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Launched Breezy concept in February 2021, offering a second life to pre-owned IT products.
  • Introduced a policy that all new corporate cars must be hybrid.
  • Started calculating carbon footprint (Scope 1 and 2 emissions reported).

Social Achievements

  • Increased headcount by 15% YoY despite the pandemic.
  • Maintained SG&A efficiency.
  • Paid interim dividend of US$5.5m (US$0.1 per share) in December 2020.
  • Donated 1,000 light laptops to the Association of Primary School Teachers in Cyprus and the Board of Public Schools in Limassol.
  • Annual donations reached c. US$200,000 in 2020.

Governance Achievements

  • Aligned ESG disclosures with SASB standards.
  • Maintained board stability with 8% rotation in the last five years.
  • Appointed first woman to the board in March 2021.
  • Approved remuneration policy for the Board of Directors in 2020 (in line with EU requirements).

Climate Goals & Targets

Long-term Goals:
  • Net-zero emissions (implied long-term goal based on sustainability initiatives).
Medium-term Goals:
  • Reduce diesel/petrol car usage and move towards hybrids.
  • Analyze eco-friendliness of warehouse machinery.
  • Expand understanding of Scope 3 GHG emissions.
Short-term Goals:
  • Expand eco-friendly product offerings.
  • Improve understanding of environmental and climate impact.
  • Launch more recycling initiatives.

Environmental Challenges

  • COVID-19 pandemic impacting business operations.
  • Market turbulences.
  • Relatively low margins in the IT distribution business.
  • Transition and physical risks related to climate change (policy and legal risks, technology risks, market risks, reputational risks, acute physical risks, chronic physical risks).
  • Retaining employees and hiring qualified personnel.
  • Risks related to human rights violations in the value chain.
  • Risks related to bribery and corruption due to operations in diverse regions.
Mitigation Strategies
  • Long-term strategic focus and diversification.
  • Strengthened business operations, presence, and competences.
  • Enhanced product offering and took over new businesses.
  • Improved risk control.
  • Long-term relationships with suppliers.
  • Credit insurance covering majority of revenue.
  • Enhanced risk management procedures.
  • Global HR Management Policy to standardize HR processes.
  • Human Rights & Labour Policy.
  • RBA’s Code of Conduct adopted as Supplier Code of Conduct.
  • Business Ethics Policy including Anti-bribery and Anti-corruption Policy.
  • Whistleblowing Policy.

Supply Chain Management

Responsible Procurement
  • RBA’s Code of Conduct adopted as Supplier Code of Conduct.

Climate-Related Risks & Opportunities

Physical Risks
  • Floods, fires, droughts damaging factories or disrupting supply chain.
  • Growing temperatures causing hardware malfunctions and increased warranty claims.
Transition Risks
  • Policy and legal risks.
  • Technology risks.
  • Market risks.
  • Reputational risks.
Opportunities
  • Selling new, environmentally friendly products and solutions.
  • Engaging in recycling and reusing initiatives.
  • Leveraging online sales for new revenue streams.

Reporting Standards

Frameworks Used: SASB

UN Sustainable Development Goals

  • Goal 7 (Affordable and clean energy)
  • Goal 8 (Decent work and economic growth)
  • Goal 9 (Industry, innovation, and infrastructure)
  • Goal 12 (Responsible consumption and production)
  • Goal 13 (Climate action)

Subsidiaries in 27 countries; fair wages and permanent employment contracts; innovative solutions; environmentally friendly products; waste reduction initiatives; carbon footprint measurement; hybrid car policy.

Sustainable Products & Innovation

  • Prestigio power banks using graphene; Perenio smart Eco-heater; Prestigio Touch and Click Keyboard; ePrice Labels service.

Awards & Recognition

  • Various awards from business partners and rating agencies (listed in the report).