Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economic Performance
• Energy and Emissions
• Talent Attraction and Retention
• Training and Education
• Occupational Health and Safety
• Supplier Assessment
• Compliance with Laws and Regulations
• Environmental Compliance
• Anti-Corruption

Environmental Achievements

• Decreased electricity consumption by 6.3%, resulting in a 6.3% decrease in GHG emissions intensity from 300 kWh/m² to 281 kWh/m² and from 0.13 tCO2e/m² to 0.12 tCO2e/m².

Social Achievements

• Achieved an employee turnover rate less than or equal to the industry average with zero turnover in 2018.
• Provided employees with an average of 3 hours of training per employee.

Governance Achievements

• Achieved zero incidents of non-compliance with anti-corruption and environmental laws, socioeconomic regulations, and regulatory requirements.

Climate Goals & Targets

Environmental Challenges

• Increasing energy costs due to the implementation of carbon tax in Singapore.
• Maintaining energy intensity within 10% of the 2017 baseline.

Mitigation Strategies

• Implementing energy monitoring initiatives to reduce operational costs.
• Regular monitoring of energy consumption in equipment manufacturing, heating, ventilation, and air conditioning.

Supply Chain Management

Responsible Procurement

• Due diligence of all suppliers based on strict requirements in terms of sustainable practices, quality, and pricing.

Climate-Related Risks & Opportunities

Transition Risks

• Increase in energy costs due to carbon tax

Reporting Standards

Frameworks Used: GRI Standards (2017)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduction in operational costs through energy monitoring initiatives

Social Achievements

• Zero workplace fatalities and zero major accidents
• All suppliers complied with the requirements of the Quality Management System ISO 9001:2015

Governance Achievements

• Zero incidents of corruption
• Zero incidents of non-compliance with laws and regulations
• Zero incidents of non-compliance with environmental compliance

Climate Goals & Targets

Environmental Challenges

• Increase in energy intensity and GHG emissions intensity due to an increase in sales
• Impact of COVID-19 on the achievement of ESG targets for FY2020

Mitigation Strategies

• Implementing a series of measures to ensure the well-being of stakeholders and maintain ongoing communications on COVID-19 updates
• Closely monitoring the uncertainties of COVID-19 on operations and adjusting targets for FY2020 if necessary
• Reviewing employee retention strategies to decrease turnover rate

Supply Chain Management

Supplier Audits: Annually

Responsible Procurement

• Due diligence of all suppliers based on strict requirements in terms of sustainable practices, quality and pricing

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced energy consumption by 76% and energy intensity by 70% due to office downsizing.

Social Achievements

• Achieved zero workplace fatalities and major accidents.
• Achieved zero incidents of non-compliance concerning the health and safety impacts of products and services.
• Provided an average of 3 hours of training per employee.

Governance Achievements

• Refreshed and updated Corporate Governance Policies Manual.
• Achieved zero incidents of corruption.
• Achieved zero incidents of non-compliance with laws and regulations.
• Achieved zero incidents of non-compliance with environmental regulations.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic affecting semiconductor industry recovery.
• Supply chain disruptions and escalating energy and commodity prices.
• High employee turnover rate (53.6%) due to restructuring.

Mitigation Strategies

• Re-evaluated business model and reorganized business for long-term sustainability.
• Leveraged technology for virtual communication and training during the pandemic.
• Implemented a transparent talent acquisition system and career development initiatives to improve employee retention.
• Continued to assess uncertainties of COVID-19 and other macroeconomic factors on operations and adjusted targets accordingly.

Supply Chain Management

Supplier Audits: Annual monitoring of suppliers based on performance.

Responsible Procurement

• Due diligence of suppliers based on social criteria, sustainable practices, quality, and pricing.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Maintained zero incidents of non-compliance with environmental compliance.

Social Achievements

• Achieved zero workplace fatalities and major accidents.
• Achieved zero incidents of non-compliance concerning the health and safety impacts of products and services.
• All suppliers complied with requirements and performance was monitored yearly.

Governance Achievements

• Achieved zero incidents of corruption.
• Achieved zero incidents of non-compliance with laws and regulations.
• Continued to abide by Corporate Governance Policies Manual and enhance governance practices.

Climate Goals & Targets

Environmental Challenges

• Increase in operational hours leading to a 27.5% increase in electricity use.
• Higher employee turnover due to employees moving to other cities/overseas for alternative employment.

Mitigation Strategies

• Closely monitoring electricity consumption monthly to ensure maximum efficiency.
• Annual training on Energy Efficiency and Conservation Act of Philippines.
• Exploring energy reduction initiatives to maintain energy and GHG intensity within 10% of FY2022 levels.
• Competitive compensation and benefits for employees.
• Transparent talent acquisition system and career development initiatives.
• Open communication channels and annual employee appraisals.

Supply Chain Management

Supplier Audits: Annual

Responsible Procurement

• Strict requirements on social criteria (sustainable practices, quality, pricing)
• Telford Philippines’ Code of Conduct and Ethics Commitment

Climate-Related Risks & Opportunities

Transition Risks

• Policy changes arising from commitments of nations where ASTI operates

Reporting Standards

Frameworks Used: GRI Standards 2021, TCFD

Environmental Metrics

ESG Focus Areas

• Environmental
• Economic
• Social
• Governance

Environmental Achievements

• Canteen closure during non-break hours; Consolidation of office and production area to reduce power consumption.
• Annual training on Energy Efficiency and Conservation Act of Philippines for all employees and new joiners.

Social Achievements

• Implemented career development initiatives focusing on clear career growth, transparent talent acquisition, competitive compensation and benefits, and open communication.
• Established a Safety Handbook for all operations and provides emergency response training and regular health and safety training.
• Provided an average of 11.9 hours of training per employee (FY2022: 10.8 hours).

Governance Achievements

• Established policies governing waste disposal to ensure compliance with regulatory requirements and minimize pollution.
• Implemented an Enterprise Risk Management (ERM) Framework to manage sustainability-related risks.

Climate Goals & Targets

Environmental Challenges

• Increase in energy consumption in FY2023 due to replanning of floor area and office spaces, including purchase of facilities equipment to support new product line.
• Decline in revenue generated in FY2023 compared to FY2022 due to downturn of the semiconductor industry.
• Higher employee turnover rate in FY2023 than in FY2022 due to reduction in year-on-year revenue.

Mitigation Strategies

• Exploring alternative solutions, such as use of renewable energy sources, to reduce carbon footprint.
• Re-evaluating business and building resilience throughout business operations for long-term sustainable growth.
• Increased talent training to maintain turnover rate.

Supply Chain Management

Supplier Audits: Annually

Responsible Procurement

• Telford Philippines’ Code of Conduct and Ethics Commitment

Climate-Related Risks & Opportunities

Physical Risks

• Increased severity of extreme weather events (volcanic eruption)

Transition Risks

• Increased compliance costs with increased regulations and requirements for sustainability reporting and sustainable production methods.
• Changing customer behaviour (demand for eco-friendly products)

Opportunities

• Resource efficiency
• Adopting cost-efficient technology and harnessing alternative energy sources

Reporting Standards

Frameworks Used: GRI Standards 2021, TCFD