Ban Leong Technologies Limited
Climate Impact & Sustainability Data (2021-04 to 2022-03, 2022-04 to 2023-03, 2023-04 to 2024-03)
Reporting Period: 2021-04 to 2022-03
Environmental Metrics
Total Carbon Emissions:355 tCO2e/year
Scope 1 Emissions:70 tCO2e/year
Scope 2 Emissions:285 tCO2e/year
Total Energy Consumption:613,177 kWh/year (electricity)
Carbon Intensity:0.0016 tonnes CO2e/ revenue S$’000
ESG Focus Areas
- Customer experience
- Economic
- Environmental
- Social
- Governance
Environmental Achievements
- Total GHG emissions decreased from 378 tonnes CO2e to 355 tonnes CO2e
- GHG emissions intensity decreased to 0.0016 tonnes CO2e/ revenue S$’000
Social Achievements
- 100% of confirmed employees received performance and career development reviews
- Various community engagement campaigns continued
Governance Achievements
- Established a whistle-blowing policy
- SGTI score increased to 76 (2020: 70)
Climate Goals & Targets
Environmental Challenges
- Logistics issues
- Inflation
- Supply chain disruptions due to shortage in chips and other tech parts and components
- Increasing costs due to price increase by suppliers and additional logistics costs
- Increase in turnover rate (31% in FY2022 vs 24% in FY2021)
Mitigation Strategies
- Outsourcing arrangement for deliveries to reduce diesel consumption and GHG emissions
- Regular staff trainings and resources for staff welfare to improve retention
- Monitoring online sales momentum and making changes to best serve customers
- Exploring potential opportunities in Southeast Asia, Hong Kong, and China
Supply Chain Management
Responsible Procurement
- Close collaboration with suppliers to ensure strict compliance with quality requirements and safety regulations
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Standards: Core option
UN Sustainable Development Goals
- Goal 3
- Goal 4
- Goal 7
- Goal 8
- Goal 10
- Goal 11
- Goal 12
Various sustainability factors contribute to these goals
Reporting Period: 2022-04 to 2023-03
Environmental Metrics
Total Carbon Emissions:301 tonnes CO2e
Scope 1 Emissions:65 tonnes CO2e
Scope 2 Emissions:236 tonnes CO2e
Total Energy Consumption:486,251 kWh
Waste Generated:2,016 kg e-waste
Carbon Intensity:0.0015 tonnes CO2e/ revenue $’000
ESG Focus Areas
- Customer experience
- Economic
- Governance
- Environmental
- Social
Environmental Achievements
- 100% of e-waste handled by a licensed waste collector
Social Achievements
- Organized visits to "Food From The Heart" and "Willing Hearts"
- More than 500 volunteer hours clocked amongst employees
- Overall turnover rate reduced to 23%
Governance Achievements
- Zero incidents of serious offense
Climate Goals & Targets
Long-term Goals:
- Maintain zero incident of unlawful discrimination against employees
- Maintain zero incident of substandard products resulting in electrical accidents to our customers
- Maintain zero incident of serious offence
Medium-term Goals:
- Maintain or improve economic value generated
- Maintain or reduce GHG emissions intensity
- Improve or maintain employee retention rate
- Improve or maintain average training hours per employee
- Maintain percentage of employees who received regular performance and career development reviews
Short-term Goals:
- Improve or maintain customer review rate
- Maintain or reduce GHG emissions intensity
- 100% of e-waste generated in Singapore are handled by a licensed waste collector
- Maintain zero incident of workplace injuries and ill health cases
- Maintain zero incident of unlawful discrimination against employees
- Continue with existing community engagement campaigns
Environmental Challenges
- Decline in demand for IT products
- Slowing economic conditions in overseas markets
- Geopolitical situation impacting business and consumer sentiments
- Sanctions on chip companies affecting supply chain
- Increasing costs due to price increase by suppliers and service providers
- Increased interest rates and inflationary pressures
Mitigation Strategies
- Expanded range of products, suppliers, and customer base
- Grown sales to commercial clientele to S$63.1 million (31% of group sales)
- Increased online sales to S$16.1 million (8% of total group sales)
- Prudent cash management
- Active management of receivables and inventories
Supply Chain Management
Responsible Procurement
- Work closely with suppliers to ensure strict compliance with quality requirements and safety regulations
Climate-Related Risks & Opportunities
Transition Risks
- Shifting customer preferences for sustainable products
- Enhanced emissions reporting requirements
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: GRI Standards
UN Sustainable Development Goals
- 3
- 7
- 8
- 10
- 11
- 12
- 16
See section 9 of the Sustainability Report for details
Reporting Period: 2023-04 to 2024-03
Environmental Metrics
Total Carbon Emissions:312 tCO2e/year
Scope 1 Emissions:71 tCO2e/year
Scope 2 Emissions:241 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:1186 m3/year
Waste Generated:2893 kg/year
Carbon Intensity:0.341 tonnes CO2e/revenue S$ million (Scope 1); 0.004 tonnes CO2e/square foot (Scope 2)
ESG Focus Areas
- Growth
- Governance
- Environment
- Employee Development
- Community Well-being
Environmental Achievements
- 100% of e-waste collected in Singapore handled by a licensed waste collector for proper treatment and recycling.
- Reduced Scope 1 and 2 GHG emissions from 301 tonnes CO2e to 312 tonnes CO2e
Social Achievements
- Zero workplace fatalities and high consequence work-related injuries.
- Average training hours per employee increased from 3 to 5 hours.
- Overall employee turnover rate reduced from 23% to 21%
- Continued community engagement campaigns and initiated new ones.
Governance Achievements
- Zero incidents of serious offenses.
- All directors (except one newly appointed) completed mandated sustainability training.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Reduce absolute Scope 1 and 2 GHG emissions by 20% by FY2035
Short-term Goals:
- Maintain customer review rate above 80%
- Maintain or improve economic value generated
- Reduce Scope 1 and 2 GHG emissions intensities by FY2025
- Maintain zero incidents of workplace fatalities, high consequence work-related injuries, recordable work-related injuries and ill health cases
- Maintain or improve employee retention rate
- Maintain average training hours per employee
- Maintain zero incidents of unlawful discrimination against employees
- Maintain zero incidents of substandard products resulting in electrical accidents
- Maintain zero incidents of serious offenses
Environmental Challenges
- Geopolitical tensions dampening consumer spending.
- Disruptions in logistics supply chain affecting IT manufacturing processes.
- Balancing revenue and profit growth amidst disruptions.
Mitigation Strategies
- Expanded product range to facilitate demand in the commercial segment.
- Exploring potential collaboration opportunities in Southeast Asia, Hong Kong, and China.
- Implementing a climate change transition plan focusing on emission reduction and neutralization.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Close collaboration with suppliers to ensure quality and safety compliance; disqualification of non-improving suppliers.
Climate-Related Risks & Opportunities
Physical Risks
- Increased severity of extreme weather events
Transition Risks
- Shifting customer preferences for sustainable products
- Enhanced emissions-reporting obligations
Opportunities
- Energy conservation initiatives
- Developing sustainable products
Reporting Standards
Frameworks Used: GRI Standards
Certifications: Null
Third-party Assurance: Internal review; aiming for external assurance in the future.
UN Sustainable Development Goals
- Goal 3
- Goal 6
- Goal 8
- Goal 10
- Goal 11
- Goal 12
- Goal 13
See Section 10 of the Sustainability Report for details.
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed