ASIAPHOS LIMITED
Climate Impact & Sustainability Data (2015)
Reporting Period: 2015
Environmental Metrics
ESG Focus Areas
- Environmental Management
- Safety
- Employee Welfare
- Community Development
Environmental Achievements
- Implemented effective air and water recycling measures and proper handling and disposal of waste rocks.
- Collected and used gas produced during P4 production for other downstream operations to reduce environmental impact.
- Achieved Level 2 of safety requirements (Level 5 being the highest).
Social Achievements
- Employed local workers and provided training and skills development.
- Complied with laws, responded positively to government policies, paid taxes, and improved local employment.
- Participated in local community projects.
Governance Achievements
- Adhered to most principles and guidelines of the Code of Corporate Governance 2012.
- Established an Audit Committee with written terms of reference.
- Implemented a whistle-blowing policy.
Climate Goals & Targets
Short-term Goals:
- Increase approved annual production scale for Mine 1 from 50,000 tonnes to potentially 400,000 tonnes by December 2016.
Environmental Challenges
- Slowing global and Chinese economy impacting demand for phosphate rocks and related chemicals.
- Challenging price outlook for P4.
- Expiry of exploration and mining licenses.
Mitigation Strategies
- Improved production efficiency to increase cost effectiveness.
- Developed export market for downstream phosphate chemical products.
- Submitted applications for renewal of licenses (one mining license renewed).
Supply Chain Management
Responsible Procurement
- Procured all raw materials from local suppliers.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Code of Corporate Governance 2012, Singapore Financial Reporting Standards (FRS)
Certifications: ISO 14001 (Mianzhu Norwest)
Third-party Assurance: Ernst & Young LLP