Climate Change Data

HB Global Limited

Climate Impact & Sustainability Data (2021)

Reporting Period: 2021

Environmental Metrics

ESG Focus Areas

  • Product Quality Management
  • Product Safety
  • Training and Development
  • Occupational health and Safety
  • Energy Consumption
  • Effluents and Waste
  • Community Engagement

Environmental Achievements

  • Monitored and reduced CO2 emissions (first year of monitoring)
  • Promoting water saving

Social Achievements

  • Provided 200 hours of employee training
  • No staff complaints or disputes regarding occupational health and safety
  • Implemented an occupational health and safety (OHS) policy
  • Adapted an existing training program to train selected staff on gender-based violence and harassment (GBVH)

Governance Achievements

  • Implemented Anti-Bribery and Corruption Policy (in 2020)
  • Established a two-tier governance structure with a Sustainability Committee

Climate Goals & Targets

Environmental Challenges

  • Return sales and profit below pre-COVID levels due to increased logistic and raw material costs and store closures
  • Significant cost increases in energy, logistics, and commodities
  • Port congestion and road freight limitations
  • Impact of COVID-19 pandemic on business operations and sustainability
  • Supply chain disruptions
Mitigation Strategies
  • Developed and implemented new management systems
  • Improved store labor efficiency and lower operating costs
  • Implemented price increases where necessary
  • Closely monitoring the COVID-19 situation and responding proactively
  • Reviewing Business Impact Analysis (BIA) and Stress Test to minimize impact

Supply Chain Management

Responsible Procurement
  • Working with suppliers to build more equitable, ethical, and sustainable supply chains
  • Addressing modern slavery
  • Increasing traceability and transparency
  • Improving farming practices
  • Improving standards in suppliers’ factories

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards (2016), Integrated Reporting (IR), UN Sustainable Development Goals (SDGs)

Certifications: ISO 9001:2015, ISO 22000:2018, HACCP, FDA, BRC

UN Sustainable Development Goals

  • No Poverty
  • Zero Hunger
  • Good Health and Well-being
  • Quality Education
  • Gender Equality
  • Clean Water and Sanitation
  • Affordable and Clean Energy
  • Decent Work and Economic Growth
  • Industry, Innovation, and Infrastructure
  • Reducing Inequalities
  • Sustainable Cities and Communities
  • Responsible Consumption and Production
  • Climate Action

The report lists several SDGs and mentions how HB Global's activities relate to them, but doesn't provide detailed explanations of contribution.