Climate Change Data

A-SONIC AEROSPACE LIMITED

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

ESG Focus Areas

  • Economic Performance
  • Ethical Conduct
  • Employee Health, Safety & Wellness

Environmental Achievements

  • Minimized material use at workplace (shrink wraps, pallets, paper) through reuse and recycling.
  • Upgraded trucks to reduce environmental impact.
  • Responsible disposal of end-of-service pallets and hazardous waste.

Social Achievements

  • Provided health benefits for 649 employees.
  • Participated in several employee benefit plans.
  • Contributions to statutory provident funds and social security systems.

Governance Achievements

  • Zero incidents of non-compliance with relevant laws and regulations, including anti-corruption.

Climate Goals & Targets

Long-term Goals:
  • Progress towards mitigating climate change by 2050 (subject to operational and economic sustainability).

Environmental Challenges

  • Rapidly transforming industry trends in logistics (e-commerce, e-fulfillment).
  • Growth in new geographic and emerging markets.
  • Need to develop a more diverse, global workforce.
  • Acquiring specialized skill sets due to emerging technologies.
  • Potential disruptions from global climate change, severe weather, or natural disasters.
Mitigation Strategies
  • Building a strong global talent pool.
  • Aligning remuneration to incentivize employee engagement and business outcomes.
  • Two-way communication with employees to define and execute strategies, identify and address issues, and measure policy effectiveness.
  • Risk planning to evaluate potential disruptions, including climate change.
  • Business continuity plan with alternative deployment plans.
  • Risk ownership delegated to team leaders with escalating risk monitoring and reporting procedures.

Supply Chain Management

Supplier Audits: 100%

Responsible Procurement
  • Due diligence process to review supplier background; 'know your customer and supplier' policy.

Climate-Related Risks & Opportunities

Physical Risks
  • Severe weather conditions
  • Natural disasters (storms, floods, fires, earthquakes)
Transition Risks
  • New regulations on GHG emissions leading to increased operational costs.
Opportunities
  • Better positioned to support clients in their decarbonization journeys.

Reporting Standards

Frameworks Used: GRI Standards: Core options