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