Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economic performance
• Procurement practices
• Product development and design
• Energy use
• Employment practices
• Marketing and labelling
• Corporate Governance
• Compliance
• Ethical business practices

Environmental Achievements

• Products consume less than 0.5 watts of power in standby or off mode and less than 2 watts in networked standby, in compliance with EU energy efficiency requirements.
• All products operating on rechargeable batteries meet the U.S. Department of Energy requirement in terms of Unit Energy Consumption.
• All products with power adaptors comply with the Europe Energy-Related Products (ERP) Directive and the U.S. Department of Energy Level VI energy efficiency requirements.
• Improved packaging to be more environmentally friendly, using less plastic and more paper.
• Compliance with Restriction of Hazardous Substance (RoHS) and Registration, Evaluation, Authorisation and Restriction of Chemicals (REACh).
• Registered with various compliance schemes in Europe for collection and recycling of WEEE (Waste Electrical and Electronic Equipment), batteries and packaging.

Social Achievements

• Encourages a work environment that embraces inclusiveness, diversity and teamwork.
• Equal opportunity employer.
• Offers employees competitive remuneration packages.
• Invests in employee training and development.
• Emphasis on workplace safety and healthy work environment.
• Clear labelling on products to inform consumers on recycling or disposal.

Governance Achievements

• Committed to adhere to a high standard of corporate governance, accountability and transparency.
• Adheres to the principles and provisions of the Singapore’s Code of Corporate Governance 2018.
• Adopted a Code of Business Conduct and Ethics.
• Implemented a Whistle Blowing Policy.

Climate Goals & Targets

Environmental Challenges

• Reducing electricity consumption at the Singapore Corporate Headquarter.
• Optimizing product distribution and logistics, focusing on logistical efficiency and reliability, cost efficiency, and environmental footprint.

Mitigation Strategies

• Reviewing and implementing energy conservation and efficiency initiatives at the Singapore Corporate Headquarter (exploring efficient use of spaces, energy-efficient appliances, motion sensors for lights).
• Transporting products to market by sea freight where possible, consolidating cargoes efficiently, and using regional hubs to reduce carbon footprint.
• Encouraging employees to reduce business travel and using conference calls or emails for interoffice communication.

Supply Chain Management

Responsible Procurement

• Set expectations for suppliers to operate in a socially and environmentally responsible manner, maintaining management systems that integrate environmental, health and safety, labour and ethics standards.
• Expect suppliers to conduct their worldwide operations responsibly, avoiding human rights violations.
• Suppliers are mostly certified to ISO14001 and comply with the RBA Code of Conduct.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards: ‘Core’ option, SGX Sustainability Reporting Guide

Environmental Metrics

ESG Focus Areas

• Economic performance
• Product development and design
• Energy use
• Employment practices
• Marketing and labelling
• Corporate Governance
• Compliance
• Ethical business practices

Environmental Achievements

• Improved battery life and product energy efficiency without sacrificing performance or consumer experience
• Products comply with EU energy efficiency requirements and U.S. Department of Energy requirements
• Power adaptors achieve over 88% efficiency
• Working on improving packaging to be more environmentally friendly, using less plastic and more paper
• Actively supporting Singapore’s Mandatory Packaging Reporting scheme
• Implementing comprehensive 3R (Reduce, Reuse, Recycle) plans
• Products comply with Restriction of Hazardous Substance (RoHS) and Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH)
• Member of various compliance schemes for collection and recycling of WEEE, Batteries and Packaging wastes
• Suppliers are mostly certified to ISO14001
• Suppliers comply with the RBA Code of Conduct
• Optimizing product distribution and logistics focusing on efficiency and reduced environmental footprint
• Reducing paper usage through electronic documents and approvals

Social Achievements

• Encourages a work environment that embraces inclusiveness, diversity and teamwork
• Equal opportunity employer
• Offers competitive remuneration packages
• Invests in employee training and development
• Places emphasis on workplace safety and healthy work environment
• Clear labelling on products to inform consumers on recycling and disposal
• Compliance with regulations on environmental laws and directives

Governance Achievements

• Adheres to a high standard of corporate governance, accountability and transparency
• Board monitors the effectiveness of management and reviews corporate governance practices
• Adheres to the principles and provisions of the Singapore’s Code of Corporate Governance 2018
• Adopted a Code of Business Conduct and Ethics
• Board has identified climate change as a material and strategic issue and has oversight of Creative’s approaches in considering, evaluating and integrating climate-related risks and opportunities

Climate Goals & Targets

Environmental Challenges

• Tightening regulations on Greenhouse Gas (“GHG”) Emission
• Need to develop new products that align with industry regulations
• Weather disruptions, rising temperature, global warming and water scarcity
• Increased distribution costs and duration to distribute our products due to logistics difficulties

Mitigation Strategies

• Use of more efficient modes of transport
• Use of technology to better plan and schedule shipment and delivery
• Develop products with higher energy efficiency, that optimize material usage, and that use more of post-consumer recycled plastic
• ERM framework to identify and assess risks and opportunities

Supply Chain Management

Responsible Procurement

• Set expectations for suppliers to operate in a socially and environmentally responsible manner
• Suppliers to comply with RBA Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Weather disruptions, rising temperature, global warming and water scarcity

Transition Risks

• Tightening regulations on Greenhouse Gas (“GHG”) Emission
• Need to develop new products that align with industry regulations

Opportunities

• Use of more efficient modes of transport
• Use of technology to better plan and schedule shipment and delivery
• Develop products with higher energy efficiency, that optimize material usage, and that use more of post-consumer recycled plastic
• New and emerging markets - consumer interest in climate-friendly products is growing

Reporting Standards

Frameworks Used: GRI Standards, SGX Sustainability Reporting Guide, TCFD