Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental protection
• Social sustainability
• Corporate governance enhancement

Environmental Achievements

• 22% reduction in water use intensity compared to the 2017 baseline
• JAFZA South warehouse received LEED Gold certification
• Offset 25% of group emissions through UNFCCC program
• Over 600 trees planted across the group

Social Achievements

• Launched Tristar ‘Safety at Sea’ conference
• Organized Tristar road safety seminar in Saudi Arabia
• Became a signatory of UN’s Women’s Empowerment Principles
• 9th consecutive year for blood donation in Tristar HQ
• 7th consecutive year of Tristar Toastmasters Club
• Fair Labor and Anti-Corruption trainings and awareness

Governance Achievements

• Integration of the CSR Framework to an ESG (Environmental, Social, and Governance) Framework
• Group CEO elected as UNGC UAE Local Network Board Member
• Achieved a 13% increase in sales compared to 2018
• Received the Golden Peacock Award across 3 categories: Occupational Health and Safety; Sustainability and CSR

Climate Goals & Targets

Environmental Challenges

• High amount of hazardous wastewater generation from chemical tanker washing bays

Mitigation Strategies

• Installed an Effluent Treatment Plant (ETP) to address hazardous wastewater

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Sustainability aspects incorporated into revised procurement policy

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards: Core option

Certifications: LEED Gold

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 3 (Good Health and Well-being)
• SDG 5 (Gender Equality)
• SDG 7 (Affordable and Clean Energy)
• SDG 8 (Decent Work and Economic Growth)
• SDG 12 (Responsible Consumption and Production)
• SDG 13 (Climate Action)
• SDG 17 (Partnerships for the Goals)

Various initiatives throughout the report align with these SDGs

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• RoSPA Gold Award
• Golden Peacock Award (Occupational Health and Safety, Sustainability, CSR)
• LEED Gold Certification

Environmental Metrics

ESG Focus Areas

• Climate Change
• Fair Labor
• Community Investment
• Gender Diversity and Inclusion
• Health and Safety

Environmental Achievements

• 61% of operations are ISO 14001 certified
• 19 million sheets of waste paper averted by GCS
• Tristar reported a 7% reduction in overall emissions compared to 2020
• Agility Logistics Parks started working on an EDGE Buildings certification project in Saudi Arabia

Social Achievements

• Supported programs that provided schooling or training to more than 500,000 young people
• Supported 4,200 refugees from Syria, Myanmar and South Sudan
• 24% of new hires are female
• Signed the UN Women’s Empowerment Principles
• 98% of women in our workforce who took parental leave returned to work

Governance Achievements

• Signed onto the World Economic Forum’s Stakeholder Capitalism Principles
• Founding member of the First Movers Coalition

Climate Goals & Targets

Environmental Challenges

• Sale of Global Integrated Logistics (GIL) business requiring refocusing of sustainability efforts
• Need to improve data collection and reporting systems to establish a new baseline for continuing operations
• Limited availability of renewable energy technologies and electric/alternative fuel vehicles in emerging markets where Agility operates

Mitigation Strategies

• Refocusing sustainability efforts on controlled businesses and sharpening integrated ESG investment approach
• Improving data collection and reporting systems across Agility subsidiary businesses
• Increasing focus on sourcing renewable energy and zero-emission technologies across the portfolio

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct
• Fair Labor Code of Conduct

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 14001, ISO 45001

Awards & Recognition

• Tristar won the Royal Society for the Prevention of Accidents Global Gold Award 11 times
• GCC won multiple health and safety awards — most recently a British Safety Council International Safety Award with distinction in 2022

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity, Equity, and Inclusion
• Fair Labor
• Community Investment
• Responsible Investment

Environmental Achievements

• Agility Logistics Parks (ALP) obtained the first EDGE Advanced Certification ever awarded for a warehouse in the GCC for its Riyadh logistics park in Saudi Arabia, demonstrating 40% more energy efficiency than the market.
• Tristar reduced operational CO2 emissions by 450 tons with one solar project in a year.
• Menzies added more than 140 electric units to its fleet in 2022, with over 100 on order for 2023.

Social Achievements

• Reached more than 43,000 people through community investments.
• 90% of employees completed ethics and anti-corruption training.
• 98% of employees completed health and safety training.
• Menzies supported more than 25 applications through the John Maxwell Menzies (JMM) Community Fund in 2022.
• Tristar hosted the annual Safety at Sea Conference for the fourth time, attended by 1,700 seafarers on average per year.

Governance Achievements

• Established a Diversity Council in 2023.
• Formalized ESG due diligence for new ventures from 2023.
• Menzies implemented a new Third Party Risk Management solution.

Climate Goals & Targets

Environmental Challenges

• Significant changes in business structure (sale of Global Integrated Logistics and acquisition of Menzies).
• Global financial uncertainty, conflict, and climate change.
• Varying environmental footprints across subsidiaries.
• Incomplete Scope 3 emissions data for some subsidiaries.
• Challenges with obtaining security clearance for airport passes for refugee employment (Menzies).

Mitigation Strategies

• Reassessing and realigning groupwide sustainability approach.
• Supporting subsidiaries in developing their own sustainability strategies.
• Strengthening data collection systems for consistent and comparable data.
• Improving Scope 3 emissions reporting.
• Developing a more detailed analysis of key risks and opportunities across the business (TCFD reporting).

Supply Chain Management

Responsible Procurement

• Menzies' Supplier Code of Conduct.
• ALP's sustainable procurement program (2023 implementation).
• GCC's rigorous approach to supplier due diligence.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (cyclones, drought, extreme heat, floods)
• Changes in precipitation patterns
• Rising mean temperatures

Transition Risks

• Enhanced emissions-reporting obligations
• Costs to transition to lower emissions technology
• Changing customer behavior
• Increased pricing of GHG emissions
• Mandates on and regulation of existing products and services
• Stigmatization of sector
• Exposure to litigation

Opportunities

• Use of supportive policy incentives
• Development and/or expansion of low emission goods and services
• Shift in consumer preferences
• Participation in renewable energy programs
• Move to more efficient buildings
• Use of more efficient modes of transport
• Use of new technologies
• Participation in carbon market
• Shift toward decentralized energy generation
• Use of lower-emission sources of energy
• Access to new markets
• Development of climate adaptation and insurance risk solutions

Reporting Standards

Frameworks Used: GRI, TCFD (in progress)

Certifications: ISO 14001 (ALP), ISO 45001 (ALP), EDGE Advanced Certification (ALP)

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 8 (Decent Work and Economic Growth)
• Goal 9 (Industry, Innovation, and Infrastructure)
• Goal 11 (Sustainable Cities and Communities)
• Goal 13 (Climate Action)
• Goal 17 (Partnerships for the Goals)

Agility's initiatives contribute to these goals through investments in renewable energy, support for SMEs, development of sustainable infrastructure, community engagement, and partnerships with various organizations.

Sustainable Products & Innovation

• Electric ground support equipment (Menzies)
• Hybrid vehicles (Shipa Delivery)
• Sustainable design features in warehouses (ALP)

Awards & Recognition

• FTSE4Good member
• EcoVadis Gold (DSV)
• EcoVadis Silver (Menzies)
• RoSPA Health and Safety Award (Tristar)
• Golden Peacock Award for Sustainability and CSR (Tristar)
• EDGE Advanced Certification (ALP)
• Dubai’s Taqdeer Award (GCC)
• British Safety Council International Safety Award (GCC)

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability

Environmental Achievements

• UAE invested more than USD 50 billion in clean energy projects in 70 countries
• UAE-US Partnership to Accelerate the Transition to Clean Energy aims to catalyze USD 100 billion to deploy clean energy globally
• Saudi Arabia has committed USD 266 billion to clean energy
• Morocco has a USD 13 billion program in green fertilizers and clean energy
• Qatar initiated a USD 1.5 billion public-private sewage treatment project
• Saudi Aramco announced a USD 1.5 billion sustainability fund

Governance Achievements

• South Africa imposed a code of corporate governance
• Johannesburg Stock Exchange requires ESG reporting
• UAE committed to becoming a key player in decarbonization
• ADNOC developed a comprehensive 2030 Sustainability Strategy

Climate Goals & Targets

Environmental Challenges

• Insufficient public finance to meet climate change challenges
• Private investors see climate-related projects as higher risk
• Limited government budgets and access to green finance and technology
• Weak monitoring and reporting frameworks
• Fossil fuel dependency in the Middle East

Mitigation Strategies

• Governments can reduce risk through project structuring and blended finance
• Focus on practical implementation aspects – finance, capacity building, technology access
• Voluntary carbon markets to address climate finance gap
• Collaboration between governments and corporations
• Diversification of economies away from fossil fuels

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather conditions, desertification, biodiversity loss, sea level rise

Environmental Metrics

ESG Focus Areas

• Sustainability
• Climate Change
• Renewable Energy
• Waste Reduction
• Energy Consumption

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Greenwashing concerns in the West
• Fear of reduced investment in emerging markets due to increased environmental oversight
• Concerns about the EU's Carbon Border Adjustment Mechanism (CBAM) and Emissions Trading Scheme (ETS) harming trade
• Annual shortfall of $4.3 trillion in investment needed to meet the UN's sustainable development goals
• Difficulty obtaining high-quality data on emerging market companies regarding diversity, labor, and environmental practices
• Lack of infrastructure in India
• Corruption in India
• Climate change events affecting businesses

Mitigation Strategies

• Hands-on approach to finding suitable investment targets
• Working with local partners
• Sending 'boots on the ground' for more nuanced investment decisions
• Infrastructure upgrade projects in India (highways, airports, electricity generation, renewable energy)
• Addressing climate change disruptions through various initiatives (demand forecasting, inventory management, partnerships)

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Rising energy costs
• Regulatory pressure

Opportunities

• Investment in renewable energy technologies

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed