Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced energy consumption (excluding production) by 25%
• Reduced paper consumption by 30%
• Reduced water usage for operations (excluding manufacturing) by 25%
• 30% of consumed energy comes from renewable sources
• Optimized vehicle fleet for fuel efficiency
• Stopped purchasing single-use plastics and non-recyclable materials
• All offices equipped with water dispensers, reducing bottled water use
• All companies use paper from environmentally-certified suppliers
• 100% of hazardous waste disposed of through proper channels since 2019
• MCFI started buying in bulk instead of jerrycans
• Reduced and eliminated products destructive to biodiversity
• Increased weightage of environmentally-sound products by 10% in each BU's portfolio
• Optimized green packaging

Social Achievements

• Achieved gender equity in staff
• 25% of women at management level
• One female member on the Board of Directors (out of 10)
• Published gender pay gap (16% in 2019, aiming for under 2% by 2020)
• Implemented Agile Work policy encouraging work from home to reduce transport emissions and improve work-life balance
• Created online content to improve user experience for products (Archemics)

Governance Achievements

• Implemented a new supplier onboarding form with ESG criteria
• Encouraged companies to buy local products ('Made in Moris')

Climate Goals & Targets

Environmental Challenges

• Initial delay in launching the 13 Planet Goals initiative due to lockdown

Mitigation Strategies

• Postponed launch to September 2020

Supply Chain Management

Responsible Procurement

• New supplier onboarding form with ESG criteria
• Encouraged local sourcing ('Made in Moris')

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Responsible Sourcing
• Biodiversity
• Eco-certified Products
• Consumer Education
• Packaging Optimization
• Energy Consumption Reduction
• Renewable Energy
• Vehicle Fleet Optimization
• Single-Use Plastics Reduction
• Paper Consumption Reduction
• Waste Recycling
• Water Consumption Reduction
• Gender Diversity

Environmental Achievements

• Reduced non-industrial energy consumption below the 2025 target in 2021 and further decreased in the first half of 2022.
• 16% of total electricity consumed came from renewable sources in the first half of 2022.
• Achieved 100% reduction in paper consumption below the 2025 target since 2021.
• Reduced water consumption in non-industrial sites in the first half of 2022 compared to 2021.
• 17.1 tonnes of material reused, sold, given away, or recycled in the first half of 2022.

Social Achievements

• Launched the Planet Convention 2022, an internal sustainability competition.
• Conducted trainings for female managers on assertiveness, public speaking, and energy management.

Governance Achievements

• Adopted a Responsible Sourcing Policy in 2021.
• Implemented Supplier Onboarding Form to collect ESG information from suppliers.

Climate Goals & Targets

Environmental Challenges

• Low percentage of women in management (18% at mid-2022).
• High percentage of hazardous products (8% of portfolio).
• Dependence on national grid for electricity, which is mainly generated from fossil sources (76.1%).
• Data limitations for waste recycling outside of chemical companies.

Mitigation Strategies

• Initiatives to improve energy efficiency in Ingenia and Archemics.
• Phasing out HFC refrigerant gases in Novengi.
• Sensitization programs on safe use and disposal of products.
• Planet Convention projects addressing packaging, waste reduction, and water consumption.
• Initiatives to increase the percentage of women in management.

Supply Chain Management

Responsible Procurement

• Responsible Sourcing Policy
• Supplier Onboarding Form
• Preference for local products

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact

Environmental Metrics

ESG Focus Areas

• Decarbonization & Climate Change
• Circular Economy
• Regenerative Agriculture
• Diversity, Equity and Inclusion
• Sustainable supply chains

Environmental Achievements

• Completed the Group’s first carbon footprint assessment
• 71,131 KWh renewable energy produced (2023)
• Stopped the use of single-use plastic and non-recyclable materials in EO Solutions
• 100% of solid waste is recycled or disposed of responsibly in EO Solutions
• Decreased paper consumption by 30% in EO Solutions

Social Achievements

• Strengthened the leadership team through the appointment of key strategic roles at the Head Office
• Carried out the Group Engagement Survey 2023
• Implemented a new Performance Management System for the management team
• Implemented a new pension scheme in eight companies of the Group
• Pursued our Employee Welfare Programme

Governance Achievements

• Devised a new three-year strategy to set a more focused strategic direction for Harel Mallac
• Restructuring of hospitality assets, distributing shares of Cavell Touristic Investments Ltd (CTIL)
• Acquisition of Technic Water Services (TWS) by MCFI
• Acquisition of remaining stake in Aerolik.OI

Climate Goals & Targets

Environmental Challenges

• Escalating import and finance costs
• Fierce market competition
• Staff turnover
• Depreciation of the Mauritian Rupee
• Disruptions in global supply chains
• Rising commodity prices
• Tight labour markets
• Rising energy prices
• Hikes in interest rates
• Inflationary pressures
• Weakening consumer confidence
• Political uncertainty
• Socio-economic instability
• Staffing issues

Mitigation Strategies

• Overhauled business model
• Invested in organisational capabilities
• Built resilience and depth into existing activities through acquisitions (TWS, Aerolik.OI)
• Enriched talent pool, promoting diversity
• Implemented ‘Unlocking Potentials’ strategy
• Driving customer engagement and improving customer experience
• Boosting efficiency through process enhancement and digitalisation
• Reviewing capital allocation priorities
• Redoubled efforts in talent development and retention
• Revisiting Employer Value Proposition
• Rolling out policies that optimise engagement
• Developing future leaders from within
• Implementing a new Sustainability and ESG Programme

Supply Chain Management

Supplier Audits: 40% by 2025

Responsible Procurement

• Integrating ESG criteria in supplier selection

Climate-Related Risks & Opportunities

Physical Risks

• Extreme climate events (cyclones)

Opportunities

• Leveraging investment in Solar Field to accelerate sustainability goals

Reporting Standards

Frameworks Used: Mauritius Companies Act 2001, IFRS, National Code of Corporate Governance (2016), United Nations Sustainable Development Goals (SDGs), International Integrated Reporting Council (IIRC)’s International Framework (some elements)

Certifications: ISO 9001, OHSAS 18001, ISO 45001