NoonTalk Media Limited
Climate Impact & Sustainability Data (2023, 2024)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:19 tCO2e/year
Scope 2 Emissions:19 tCO2e/year
Total Energy Consumption:46.66 MWh/year
ESG Focus Areas
- Climate Change
- Energy Consumption
- Employment Practices
- Occupational Health and Safety
- Training and Development
- Local Communities
- Business Conduct and Ethics
- Anti-corruption Practices
- Legal & Regulatory Compliance
- Economic Performance
Environmental Achievements
- Reduced energy consumption by promoting energy-saving habits and initiatives.
- Incorporated energy-efficient fixtures and fittings, including LED lights and smart lighting.
Social Achievements
- Welcomed 52 new hires, maintaining a diverse workforce.
- Maintained zero incidents of work-related injuries, fatalities, or ill-health.
- Employees underwent an average of 5.7 hours of training.
- Supported local communities through ChildAid and EnableAsia.
Governance Achievements
- Complied with the Code of Corporate Governance 2018.
- Established a whistleblowing policy.
- All Directors completed sustainability training courses.
Climate Goals & Targets
Long-term Goals:
- Achieve net zero GHG emissions by 2050.
- Reduce energy consumption to achieve overall net zero GHG emissions target.
- Maintain zero incidents of non-compliance with regulatory standards related to health and safety.
- Continue providing internal and external training courses and programmes.
- Increase the average training man-hours continuously and steadily.
Medium-term Goals:
- Include disclosures of Scope 3 emissions.
- Include disclosure of metrics and targets for GHG emissions.
- Maintain gender, age, and regional diversity of workforce.
- Maintain zero incidents related to work-related injuries, fatalities, or ill-health.
- Increase the average training hours by 5% from FY2023 baseline.
Short-term Goals:
- Monitor operations for climate-related risks.
- Commence assessment of Scope 3 emissions.
- Establish quantitative metrics and targets for GHG emissions.
- Increase diversity of employees.
- Maintain zero incidents of non-compliance with regulatory standards related to health and safety.
- Maintain zero incidents of non-compliance and violations with the Singapore Code of Corporate Governance 2018.
Environmental Challenges
- Lower earnings in both the Management and Events segment, as well as the Production segment due to fewer projects and lower revenue.
- Prevailing economic conditions and global geopolitical complexities impacted growth.
- Increased reporting requirements due to climate change.
Mitigation Strategies
- Developing strategies to enhance climate resilience.
- Exploring growth opportunities through strategic collaborations and investments.
- Nurturing a diverse pool of multi-faceted artistes.
- Engaging with third-party consultants to support data capture and climate-related reporting.
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Increased severity of extreme weather events (flooding)
- Rising mean temperatures (increased cooling costs, heat stress)
Transition Risks
- Increased reporting requirements
- Capital investments into technology development
- Increased cost of electricity and materials
Opportunities
- Enhancing energy efficiency and water conservation
- Enhanced competitiveness through low-carbon emission projects
Reporting Standards
Frameworks Used: GRI Standards 2021, TCFD recommendations
Awards & Recognition
- Best Entertainment (One-off/Annual) Award for Chingay 2022 at the 27th Asian Television Awards 2022
- Excellence Award for live event streaming for Chingay 2022 at the Asia-Pacific Broadcasting+ Awards 2023
Reporting Period: 2024
Environmental Metrics
Total Carbon Emissions:22 tCO2e/year
Scope 2 Emissions:22 tCO2e/year
Total Energy Consumption:53.70 MWh/year
ESG Focus Areas
- Climate Change
- Energy Consumption
- Employment Practices
- Occupational Health and Safety
- Training and Development
- Local Communities
- Business Conduct and Ethics
- Anti-corruption Practices
- Legal and Regulatory Compliance
- Economic Performance
Environmental Achievements
- Reduced GHG emissions from 19 tCO2e in FY2023 to 22 tCO2e in FY2024 (Note: This seems contradictory; further clarification needed from the report)
- Reduced energy consumption intensity from 0.76 MWh/employee in FY2023 to 0.99 MWh/employee in FY2024 (Note: This seems contradictory; further clarification needed from the report)
Social Achievements
- Increased the ratio of female employees.
- Maintained turnover rate on par with the industrial average.
- Employees completed 1,610 training hours in FY2024 (average 32.9 hours per employee), up from 350 hours in FY2023 (average 5.7 hours per employee).
- Zero work-related fatalities, high-consequence injuries, recordable injuries, and recordable ill-health incidents.
Governance Achievements
- Established and implemented an anti-corruption policy.
- Achieved zero incidents of non-compliance with the Singapore Code of Corporate Governance 2018, Code of Business Conduct and Ethics, and other applicable laws and regulations.
- All Directors completed 40 hours of mandatory training.
Climate Goals & Targets
Long-term Goals:
- Achieve net-zero GHG emissions by 2050.
- Reduce energy consumption to achieve overall net-zero GHG emissions target.
- Maintain average monthly turnover rate below the industrial average.
- Continuously and steadily increase the average training man-hours.
- Expand our presence beyond Singapore and strengthen our performance.
Medium-term Goals:
- Include disclosure of quantitative impact of climate-related risks.
- Include disclosure of metrics and targets for GHG emissions.
- Adopt higher energy-efficient features and fittings.
- Maintain gender, age and regional diversity of workforce.
- Maintain average monthly turnover rate below the industrial average.
- Introduce more staff welfare campaigns.
- Maintain zero confirmed incidents of corruption.
Short-term Goals:
- Monitor operations for climate-related risks.
- Assess Scope 3 emissions and progressively collect data.
- Establish quantitative metrics and targets for GHG emissions.
- Increase diversity of employees.
- Maintain on par with the national average monthly turnover rate.
- Establish and implement an anti-corruption policy.
Environmental Challenges
- Increased severity of extreme weather events affecting operations and increasing insurance costs.
- Rising mean temperature increasing cooling costs and risk of system failure.
- Increased reporting requirements due to climate change.
- Increased cost of electricity and materials.
- Changing customer preferences and increased sensitivity to EESG.
Mitigation Strategies
- Business continuity and disruption plan.
- Installation of LED lighting and energy efficiency measures.
- Engagement of a third-party consultant for climate-related reporting.
- Implementation of energy-efficient practices.
- Improved production sustainability, implementation of energy-efficient technologies, and brand sustainability programs.
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Increased severity of extreme weather events
- Rising mean temperature
Transition Risks
- Increased reporting requirements
- Increased cost of electricity
- Increased cost of materials
- Changing customer preferences
Opportunities
- Enhance energy efficiency and water conservation
- Adopt hybrid or electric vehicles
- Reuse props in multimedia production
- Use customers’ existing facilities to demonstrate products
Reporting Standards
Frameworks Used: GRI Standards 2021, TCFD framework