Les Gaz Industriels Limited
Climate Impact & Sustainability Data (2015, 2024)
Reporting Period: 2015
Environmental Metrics
ESG Focus Areas
- Health
- Safety
- Environment
Climate Goals & Targets
Supply Chain Management
Responsible Procurement
- Requiring suppliers to align with Linde's HSE policy
Climate-Related Risks & Opportunities
Reporting Period: 2024
Environmental Metrics
ESG Focus Areas
- Safety, Health, Environment, and Quality (SHEQ)
- Circular Economy
- Sustainable Growth
- Community Investment
- Corporate Social Responsibility
Environmental Achievements
- Minimising and repurposing waste
- Conserving resources
- Reducing environmental impact
- Accelerating implementation of green projects
Social Achievements
- Renewed commitment to supporting individuals in need of medical oxygen through home care services.
- Continued support to Foundation Georges Charles and T.I.P.A.
- Donation to First Act Is To Help
Governance Achievements
- Compliance with the National Code of Corporate Governance for Mauritius (with explanation for non-compliance with independent director numbers)
- Regular review of the Code of Ethics
- Periodic Board and committee performance evaluations
- Implementation of an ongoing risk management process
Climate Goals & Targets
Environmental Challenges
- Supply chain challenges resulting from increased freight costs, port congestion, and Mauritian Rupee depreciation
- Sharp fall in demand in traditional market during the second half of the year
- Increased overheads (staff and electricity costs)
Mitigation Strategies
- Diversification into regional markets
- Focus on product development and strategic partnerships to create a one-stop-shop customer experience
- Implementation of strong corporate governance practices to enhance transparency and business integrity
- Reinforced credit control procedures to improve debtors’ management
- Diverse sources of finance and maintaining substantial unutilised bank facilities to mitigate liquidity risk
- Opening different foreign currency accounts to minimise the impact of foreign exchange variations and using forward exchange contracts to hedge large foreign transactions
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Cyclones and other natural calamities
Reporting Standards
Frameworks Used: IFRS Accounting Standards
Third-party Assurance: Grant Thornton Chartered Accountants