Jubilee Industries Holdings Ltd.
Climate Impact & Sustainability Data (2019-04-01 to 2020-03-31)
Reporting Period: 2019-04-01 to 2020-03-31
Environmental Metrics
ESG Focus Areas
- Environmental Compliance
- Employment
- Occupational Health & Safety
- Economic Performance
- Governance
Environmental Achievements
- No incident of non-compliance with environmental laws and regulations for FY2020.
Social Achievements
- No fatalities and no major accidents in the workplace for FY2020 due to strict compliance with established policies and regular safety checks.
- Implemented social distancing rules and staggered working hours in response to the COVID-19 pandemic.
Governance Achievements
- Implemented governance processes and practices by adopting a framework of corporate governance policies and practices in line with principles and guidelines set out in the Code of Corporate Governance 2018.
Climate Goals & Targets
Short-term Goals:
- Achieve positive growth in revenue and net profit for FY2021.
Environmental Challenges
- US-China trade tensions impacting global supply chains and causing pricing pressures from customers.
- COVID-19 pandemic disrupting global supply chains, weakening global demand, and reducing production capacity.
- Foreign exchange volatility.
Mitigation Strategies
- Reviewed all processes to focus on improvements in safety, productivity, and operational efficiency.
- Implemented cost containment measures.
- Strategizing to diversify customer base and expand product offerings.
Supply Chain Management
Responsible Procurement
- Stringent vendor selection process; sustainable practices of vendors form part of vendor evaluation criteria.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Standards: Core option