Climate Change Data

Serial System Ltd

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:782.24 tons CO2e (Scope 1 & 2) + 1,742.30 tons CO2e (Scope 3)
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:1,742.30 tons CO2e
Renewable Energy Share:Not disclosed
Total Energy Consumption:1,484.03 MWh
Water Consumption:10,792.90 m3
Waste Generated:4.39 tons (paper)
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Maintained 100% compliance with NEA’s MPR framework
  • Installed dual flush system in toilets
  • Started tapping into possible logistics partners which use alternative fuels and vehicles

Social Achievements

  • Global turnover rate decreased in FY2023 (17%) from FY2022 (22%)
  • Total donations of S$219,000 to various causes and organizations
  • Employees had benefited from a total of 5,809 hours of training

Governance Achievements

  • Upheld high standards of responsible business practices and had no major disputes
  • No confirmed incidents of corruption
  • No incidents of non-compliance

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Progressively install solar panels in other offices where feasible
  • Reduce Scope 1 and 2 emissions by 30% from 2019 baseline
  • Reduce Scope 3 emission intensity by revenue by 20% from 2022 baseline
Short-term Goals:
  • Install solar panels in Singapore head office by Q4 2024

Environmental Challenges

  • Increased electricity consumption due to inclusion of ACTH's whole year consumption
  • Increased use of air freight shipment mode
  • Increased paper consumption
Mitigation Strategies
  • Discussions to install solar panels in Singapore head office
  • Encouraging employees to conserve energy and water
  • Exploring sustainable transportation alternatives
  • Implementing PaperCut MF Integration to reduce paper usage

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Stringent pre-qualification and procurement process
  • Restricted party screening

Climate-Related Risks & Opportunities

Physical Risks
  • Flooding
  • Extreme heat
Transition Risks
  • Carbon tax regulation
Opportunities
  • Use of renewable energy (solar energy)
  • Use of sustainable alternatives in transportation

Reporting Standards

Frameworks Used: SGX-ST Listing Manual Rules 711A and 711B, ISSB, SASB, GRI Universal Standards 2021, TCFD

Certifications: ISO 9001, ISO 13485, ISO 22301, ISO 45001, ISO 14001, TradeFIRST Premium Band, Secure Trade Partnership (STP)

Third-party Assurance: Internal review

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed