REVEZ Corporation Ltd
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:7.53 tCO2e/year
Scope 2 Emissions:7.53 tCO2e/year
Total Energy Consumption:66,795.55 MJ/year
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Reduced energy consumption by approximately 41% from FY2021 to FY2022 (66,795.55 MJ in FY2022 vs 112,874.40 MJ in FY2021). This reduction was primarily due to the disposal of AIAC and ceased operation of IOIO.
- Reduced GHG emissions by approximately 41% from FY2021 to FY2022 (7.53 tCO2e in FY2022 vs 12.81 tCO2e in FY2021). This reduction was primarily due to the disposal of AIAC and ceased operation of IOIO.
Social Achievements
- Implemented a wide variety of retention strategies including improved onboarding processes, recognition, engagement and award schemes, benefits enhancements and work-life balance initiatives.
- Provided learning opportunities for employees, such as short digital learning courses and workshops to enhance technical skills.
Governance Achievements
- Zero cases of violations in FY2022 relating to ethics and compliance.
- Zero cases of violations in data breach or data integrity in FY2022.
- Implemented a comprehensive security procedure when deploying business activities to reduce any risk of data breach due to employee carelessness or errors. All relevant employees are trained to understand the security system procedures.
Climate Goals & Targets
Short-term Goals:
- Reduce employee turnover rate to 10% in FY2023.
Environmental Challenges
- Attracting and retaining well-qualified talent in a competitive job market.
- Shortage of skilled manpower.
Mitigation Strategies
- Working with an offshore service provider to support its Singapore workforce so as to spread out workloads for regional projects.
- Continued engagements and communication to reduce employee turnover rate to 10% in FY2023.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Standards
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:3.47 tCO2e/year
Scope 2 Emissions:3.47 tCO2e/year
Total Energy Consumption:29,999.20 MJ (approximately 8333.11 kWh)
Carbon Intensity:0.0011 tCO2e/SGD 1,000 of revenue in FY2023
ESG Focus Areas
- Environmental Stewardship
- Social Responsibility
- Governance
Environmental Achievements
- Reduced energy consumption by approximately 55.1% from FY2022 to FY2023. Reduced total GHG emissions by approximately 53.9% from FY2022 to FY2023.
- Implemented energy-efficient LED bulbs in Magenta Wellness Pte Ltd offices.
- Promoted paper reduction and digital document management in Magenta Wellness Pte Ltd.
Social Achievements
- Maintained 0% employee turnover rate in FY2023 (excluding departures due to subsidiary disposals).
- Implemented strategies for employee retention, including improved onboarding, recognition initiatives, and work-life balance programs.
- Achieved a hiring rate of 22.2% in FY2023.
Governance Achievements
- Maintained zero ethics and compliance violations in FY2023.
- Implemented a whistle-blowing policy.
- No substantiated complaints concerning breaches of customer privacy or losses of customer data.
Climate Goals & Targets
Long-term Goals:
- Reduce energy intensity by 5% to 10%
- Maintain high customer service standards and promptly address complaints.
- Enhance data privacy by certifying internal SOPs on data protection with ISO27001 certification.
Medium-term Goals:
- Reduce energy intensity by 5%
- Expand service provider network to include government hospitals, TCM practitioners, and dentists.
- Implement cybersecurity measures to enhance data privacy.
Short-term Goals:
- Reduce energy intensity by 5%
- Increase the number of medical service providers to 700 clinics by 2024.
- Abide by the PDPA with an internal policy in place to safeguard data privacy.
Environmental Challenges
- Understanding and managing climate-related risks and opportunities.
- Maintaining a competitive advantage in a dynamic healthcare market.
- Ensuring data privacy and security.
Mitigation Strategies
- Developing a strategy that integrates climate-related risk and opportunities and establishes targets aligned with TCFD recommendations.
- Implementing energy efficiency measures to increase energy efficiency.
- Engaging with stakeholders to promote sustainable practices, and seeking feedback and input to enhance transparency and accountability.
- Monitoring and reviewing the progress, and enhancing reporting and disclosure practices to align with TCFD recommendations.
- Investing in robust internal security systems to mitigate data breaches and leaks.
- Implementing comprehensive security protocols and employee training.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Standards 2021, TCFD