Grandshores Technology Group Limited

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:508.72 tonnes CO2e/year (2022); 435.78 tonnes CO2e/year (2021)

Scope 1 Emissions:419.33 tonnes CO2e/year (2022); 347.38 tonnes CO2e/year (2021)

Scope 2 Emissions:80.37 tonnes CO2e/year (2022); 85.07 tonnes CO2e/year (2021)

Scope 3 Emissions:9.02 tonnes CO2e/year (2022); 3.34 tonnes CO2e/year (2021)

Total Energy Consumption:1,813,973.89 kWh/year (2022); 1,544,487.31 kWh/year (2021)

Water Consumption:6,402.50 m3/year (2022); 6,617.40 m3/year (2021)

Waste Generated:1,880.00 kg paper/year (2022); 695.00 kg paper/year (2021)

ESG Focus Areas

Emissions
Use of Resource
Employment
Health and Safety
Development and Training
Labour Standards
Supply Chain Management
Services Responsibility
Anti-corruption
Community Investment
Climate Change

Environmental Achievements

Established an environmental management system in accordance with ISO 14001
Complied with all applicable environmental protection laws and regulations in Singapore
Implemented fuel-saving practices (regular maintenance for vehicles, instructing drivers to switch off idling engines, coaching drivers to minimize fuel usage, closely monitoring fuel consumption)
Implemented energy-saving measures (switching off lights, air conditioners, and appliances when not in use; setting the temperature of the office’s air conditioner to 25.5 Degree Celsius)

Social Achievements

Maintained high standards of business ethics and sustained good personal conduct of its employees
Established a whistle-blowing policy and procedures
Provided staff training and development programs
Complied with all relevant employment laws and regulations
Implemented occupational health and safety measures
Implemented COVID-19 precautionary measures (PPE, work from home, staggered working hours, emergency response plan)

Governance Achievements

Adopted a board diversity policy
Established three board committees (audit, remuneration, nomination)
Complied with the corporate governance code
Implemented policies to ensure full compliance with relevant laws and regulations
Established a policy for ensuring that inside information is disseminated to the public in an equal and timely manner

Climate Goals & Targets

Medium-term Goals:

Maintain air emission and GHG emissions at current levels by implementing fuel-saving and energy-efficient practices
Maintain paper consumption at current levels by implementing paper reduction measures

Environmental Challenges

Decrease in income from Blockchain Technology Development and Application business due to Bitcoin price volatility and strategic reduction in Bitcoin trading volume
Loss on fair value changes of digital assets inventories
Challenging outlook for the construction sector in 2022 due to uncertainties in the external environment and negative economic outlook
Increased competition in tenders for integrated building services and building construction works

Mitigation Strategies

Intends to continue existing principal businesses (integrated building services and building construction works) and expand into new business opportunities
Gradually allocating resources to develop new financial services business (asset management and other financial services)
Regularly reviewing market conditions to explore development and expansion opportunities in the industrial hemp business
Maintaining operational and financial prudence, managing expenditure, reviewing business strategy constantly, and looking for opportunities in a cautious and prudent manner

Supply Chain Management

Supplier Audits: Annual assessments

Responsible Procurement

Adherence to Group’s Integrated Management System (IMS) policy (ISO 9001, OHSAS 18001, ISO 14001) for subcontractors

Climate-Related Risks & Opportunities

Physical Risks

Extreme weather events (heavy rain, hurricane) causing damage to buildings, site environment, and equipment; leading to project delays, increased costs, and business interruption
Changes in precipitation and weather patterns (flooding, heatwaves) creating hard working conditions and causing damage to buildings and equipment

Transition Risks

Changes in environmental regulations and energy-efficient requirements increasing operational costs
Development and use of environmentally friendly machinery and materials imposing additional operational costs

Reporting Standards

Frameworks Used: Appendix 27 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited

Certifications: ISO 14001, ISO 9001, OHSAS 18001

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:562.64 tonnes CO2e/year

Scope 1 Emissions:475.48 tonnes CO2e/year

Scope 2 Emissions:76.79 tonnes CO2e/year

Scope 3 Emissions:10.37 tonnes CO2e/year

Total Energy Consumption:2,025,753.59 kWh/year

Water Consumption:6,502.00 m3/year

Waste Generated:2,160.00 kg/year (paper)