Climate Change Data

Aitken Spence PLC

Climate Impact & Sustainability Data (2023-03-31)

Reporting Period: 2023-03-31

Environmental Metrics

Total Carbon Emissions:82,800 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:62,001 tCO2e/year
Scope 2 Emissions:20,799 tCO2e/year
Renewable Energy Share:27%
Total Energy Consumption:895,094 GJ/year
Water Consumption:1,643,568 m3/year
Waste Generated:40,264 tons/year (solid waste kept away from landfills)

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • 27% of total energy consumed from renewable sources
  • First and only waste-to-energy power generation project in Sri Lanka (processed 220,616 MT of waste)
  • 100% wastewater and effluents from hospitality and manufacturing operations treated for safe reuse or disposal
  • Zero ecosystems adversely affected by operations

Social Achievements

  • Rs. 202.5 Mn funds channeled for community development initiatives
  • Rs. 18.6 Mn invested in training and development
  • 18% female representation in managerial roles
  • High Employee Satisfaction Score of 74%

Governance Achievements

  • Rs. 90 Mn invested in systems and processes for ESG
  • Transparent corporate reporting consistently improved
  • Zero tolerance to bribery and corruption and zero direct non-compliance with laws, regulations and voluntary codes of conduct

Climate Goals & Targets

Medium-term Goals:
  • Net zero emissions by 2030

Environmental Challenges

  • Supply chain disruptions
  • Geopolitical developments
  • Impact on trade volumes and routes
  • Changes in the demand for goods and services
  • Changing dynamics of migration
  • Change in preferred destination of travel
  • Subdued global growth
  • Energy cost
  • Lower trade volumes
  • Inflationary pressures on operational expenses
  • Tight borrowing conditions and reduced disposable income
  • Volatility in the exchange rate
  • Climate change and extreme weather events
  • Stricter regulations and rising compliance costs
  • Regulatory changes
Mitigation Strategies
  • Diversification into new market segments and geographies
  • Focus on supply chain resilience
  • Building greater operational flexibility
  • Focus on building financial resilience
  • Regular risk assessment
  • Proactively explore new market segments
  • Greater focus on expense monitoring and cost optimisation
  • Leveraging partnerships
  • Drive greater resource efficiencies
  • Commitment to achieving net zero by 2030
  • Comprehensive integrated sustainability policy
  • Explore opportunities to provide low-carbon technology solutions
  • Building a green workforce
  • Long-term investments in strategic biodiversity conservation projects
  • Staying informed about updates to pertinent laws and regulations
  • Regular impact assessments
  • Review of business models
  • Updating policies, procedures, and controls

Supply Chain Management

Supplier Audits: 559 suppliers screened during the year

Responsible Procurement
  • Local sourcing (approximately 15% of resource requirements)

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
Transition Risks
  • Regulatory changes
Opportunities
  • Renewable energy expansion

Reporting Standards

Frameworks Used: GRI Universal Standards 2021, Integrated Reporting Framework (IIRC), UN Global Compact Ten Principles, Women’s Empowerment Principles, SASB Standards

Certifications: LEED (Heritance Kandalama, Aitken Spence Printing), Green Globe 21 (Heritance Kandalama)

Third-party Assurance: EY, Chartered Accountants (non-financial); KPMG, Chartered Accountants (financial)

UN Sustainable Development Goals

  • Not disclosed

Awards & Recognition

  • Best Corporate Citizen in Sri Lanka (Ceylon Chamber of Commerce)
  • Top 100 Companies in Sustainability 2022
  • LMD awards
  • ACCA Sustainability Reporting Awards
  • TAGS Awards
  • SATA awards