Climate Change Data

LMS Compliance Ltd.

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:527,554 kg CO2e
Scope 1 Emissions:27,469 kg CO2e
Scope 2 Emissions:408,213 kg CO2e
Scope 3 Emissions:91,872 kg CO2e
Renewable Energy Share:2.96%
Total Energy Consumption:517,438 Kwh
Water Consumption:6,535 m3
Waste Generated:542 KG
Carbon Intensity:4.93 kg CO2e/conformity activity (2022)

ESG Focus Areas

  • Environment
  • Social
  • Governance
  • Digitalisation

Environmental Achievements

  • Adopting green energy (solar energy) to reduce carbon footprint
  • Consolidating the run time of analytical instruments to reduce emissions during the conditioning process

Social Achievements

  • Implementation of Amoeba Management System (AMS) to drive talent transformation
  • Full sponsorship for advanced educational programs (MBA and Computer Engineering courses)

Governance Achievements

  • Incorporated RobecoSAM’s Economic Dimension Score (“EDS”) into top management and governance performance evaluations
  • Established a Sustainable Development Committee (SDC) to lead Sustainability and Climate Change Agenda

Climate Goals & Targets

Long-term Goals:
  • Achieve Net Zero Carbon Emissions by 2050
Medium-term Goals:
  • Further reduce emission intensity by 60% by 2040
Short-term Goals:
  • Reduce emission intensity by 30% by 2030

Environmental Challenges

  • Climate change impacts (extreme weather, water availability, temperature fluctuations, waste management challenges, power outages)
  • Rising energy costs (TNB’s GET tariff increase)
  • Potential loss of investor interest in non-ESG sustainable stocks
  • Data security risks
Mitigation Strategies
  • Adopting green energy, implementing energy efficiency measures, installing solar panels, redesigning shop floor and office space, installing water reuse and storage system, installing UPS, implementing robust data security systems and controls

Supply Chain Management

Supplier Audits: Annual vendor assessment

Responsible Procurement
  • Vendor Assessment and PDP Policy Compliance

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
  • Water availability
  • Temperature fluctuations
  • Waste management challenges
  • Power outages
Transition Risks
  • Regulatory and compliance changes (Carbon tax, CBAM)
Opportunities
  • Market demand for lower carbon footprint products and services

Reporting Standards

Frameworks Used: GRI Universal Standards 2021, SASB (Chemical cum Professional), TCFD, SGX Core Metric standards, UN SDGs

Certifications: ISO 17025, ISO 17021, ISO 17029

Third-party Assurance: MY CO2 CERTIFICATION SDN BHD (limited assurance)

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed