Knots and Gear Ltd.

Climate Impact & Sustainability Data (2023)

Total Carbon Emissions:1340 tonnes of CO2 equivalent

Implemented sustainable supply chain practices, including responsible sourcing and waste reduction.
Initiated water efficiency and waste reduction measures.
Introduced a hybrid work mode to curtail energy consumption.

Promoting gender diversity by training aspiring female engineers.
Actively engaging in social donations and supporting the advancement of girls in engineering.
Cultivating a healthy, safe, and supportive work environment.

Developed the company’s first ESG policy and a 7-year strategic ESG action plan.
Formed a cross-functional ESG Committee.
Engaged a 3rd party ESG consultant to develop a robust ESG strategy and provide ongoing guidance.

Long-term Goals:

Invest in renewable energy sources and low energy equipment for company operations.
Achieve carbon neutrality by 2030.
Planting trees to offset staff commuting and business travels carbon emission.
Using low fuel consuming/low carbon emitting/electric vehicles for staff commuting.
Manufacture in accordance with environmental sustainability standards.
Attain zero-waste-to-landfill status.
Establish a comprehensive employee well-being program.
Increase diversity in leadership positions.
Train 5,000 people (80% women and 20% PWD) through established excellence center for job positions across manufacturing industries by 2030.
Optimize 1000 Small and Medium factories by 2030.
Strengthen governance practices through regular board diversity assessments and transparency in executive compensation.
Enhance ethical supply chain management.

Medium-term Goals:

Explore alternatives to plastic, sorting waste.
Collaborate with third-party logistics companies utilizing no-carbon emission vehicles/trucks.
Explore alternative shipping modes.
Implement alternative transportation methods for client visitation.
Foster collaboration on gender-balanced projects.
Ensure a minimum of 5% equity-deserving population as part of the company workforce.
Foster alliances with green energy and climate impact organizations for resource support.
Launch a community engagement platform to involve employees in local volunteering and charitable activities.
Establish partnerships with educational institutions to offer training programs and internship opportunities.
Conduct regular ESG training for board members and employees.
Enhance whistleblower protection mechanisms.

Short-term Goals:

Developing targeted improvement plans to address challenges in supply chain sustainability, environmental sustainability, carbon emissions reduction, and diversity and inclusion.
Implementing energy-efficient technologies, disseminating sustainable procurement methods, achieving waste reduction, and conducting diversity and inclusion training programs.
Developing policies for environmental issues and equity employment.

Prioritizing working closely with suppliers committed to sustainability practices.

Frameworks Used: GRI (Global Reporting Initiative), SASB (Sustainability Accounting Standards Board)