Climate Change Data

ECON Healthcare (Asia) Limited

Climate Impact & Sustainability Data (2022-04 to 2023-03, 2023-04 to 2024-03)

Reporting Period: 2022-04 to 2023-03

Environmental Metrics

Total Carbon Emissions:874.85 tCO2e/year
Scope 1 Emissions:82.30 tCO2e/year
Scope 2 Emissions:792.55 tCO2e/year
Total Energy Consumption:7.24 TJ/year
Carbon Intensity:Decreased by 31% between FY2022 and FY2023

ESG Focus Areas

  • Energy Efficiency & Emissions
  • Excellent Service Quality and Patient Safety
  • Training & Development
  • Ethics & Integrity

Environmental Achievements

  • Replaced ~70% of fluorescent light fixtures with LEDs in Singapore facilities.
  • Initiated a feasibility study for centralized ACMV monitoring and control systems in three nursing homes.

Social Achievements

  • Enhanced Quality Framework to guide quality practices in nursing homes.
  • Launched a new People Management Programme for mid-senior employees.
  • Achieved a monthly average of 0.38% falls per 1000 resident days.

Governance Achievements

  • Established a sustainability governance structure.
  • Reported zero confirmed cases of corruption in FY2023.
  • Strengthened vendor selection processes with whistle-blowing procedures.

Climate Goals & Targets

Short-term Goals:
  • Replace all fluorescent light fixtures with LEDs by end-FY2024.
  • Complete feasibility study and implement centralized ACMV monitoring and control systems by end-FY2024.

Environmental Challenges

  • Increased pricing of GHG emissions
  • Exposure to litigation related to greenwashing
  • Mandates on and regulation of existing products and services
  • Increased cost of raw materials
  • Costs to transition to lower emissions technology
  • Sea level rise
  • Change in precipitation
  • Change in temperature (average and extreme)
Mitigation Strategies
  • Improving energy efficiency and reducing energy wastage
  • Conducting periodic scans of exposure for regulatory developments
  • Reducing energy usage
  • Close monitoring of trends in supply and demand for raw materials or switching to alternative supply chains
  • Thorough evaluation, pilot projects, and working with trusted suppliers for any new or innovative technologies
  • Including environmental risk considerations when deciding on the location of operations
  • Conducting periodic scans of exposure for physical risks
  • Visibility study on the potential usage of renewable energy
  • Exploring solutions and biophilic design in buildings to enhance climate resilience

Supply Chain Management

Responsible Procurement
  • Three quotations required for services above S$1,000
  • New vendors must submit a vendor form including IPT declaration, PDPA, bank account verification, and ACRA BizFile

Climate-Related Risks & Opportunities

Physical Risks
  • Sea level rise
  • Change in precipitation
  • Change in temperature (average and extreme)
Transition Risks
  • Enhanced emissions reporting obligations
  • Increased pricing of GHG emissions
  • Exposure to litigation
  • Mandates on and regulation of existing products and services
  • Increased cost of raw materials
  • Costs to transition to lower emissions technology

Reporting Standards

Frameworks Used: GRI Standards 2021, TCFD recommendations

Sustainable Products & Innovation

  • Virtual Reality Therapy Platforms
  • Cognitive Training and Rehabilitation (SilverPad)
  • Circuit-based Pneumatic Strength Training
  • Robotic Animal Therapy (PARO)

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Total Carbon Emissions:1076.76 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:8.86 tCO2e/year
Scope 2 Emissions:1067.90 tCO2e/year
Scope 3 Emissions:1349.36 tCO2e/year
Renewable Energy Share:0%
Total Energy Consumption:9.34 TJ/year

ESG Focus Areas

  • Energy Efficiency and Emissions
  • Excellent Service and Patient Safety
  • Training and Development
  • Ethics and Integrity

Environmental Achievements

  • Reduction of electricity consumption by 12% per sqm in FY2024.
  • Replaced all fluorescent lights with LEDs.
  • Incorporated Scope 3 GHG emission calculations on purchased goods and services and capital goods.

Social Achievements

  • Zero medication errors in FY2024.
  • Average training hours for all staff levels increased by 13% for FY2024.
  • Achieved a fall rate of 0.402 per 1000 days.

Governance Achievements

  • Zero confirmed incidents of corruption reported.
  • Introduced two new policies: Conflict of Interest and Board Diversity.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Install solar panels at Braddell, Choa Chu Kang, and Upper East Coast nursing homes in FY2025
Short-term Goals:
  • Reduce electricity consumption per square metre by 3% from FY2024

Environmental Challenges

  • High electricity consumption.
  • Rising inflation and economic uncertainties.
Mitigation Strategies
  • Installed energy-efficient equipment and optimised air conditioning usage.
  • Plans to install solar panels across properties from FY2025 onwards.
  • Implementing mitigation strategies to enhance and optimise operations and minimise the effects of increased energy costs.

Supply Chain Management

Responsible Procurement
  • Ethical business policies to ensure fair selection of suppliers and vendors.
  • Transparent communication and avoidance of bias or preferential treatment.

Climate-Related Risks & Opportunities

Physical Risks
  • Acute Change in Precipitation
  • Acute Change in Temperature
  • Acute Extreme weather
  • Acute Droughts/water stress
  • Chronic Sea Level rise
Transition Risks
  • Reputation
  • Demand for green buildings
  • Policy and Legal
  • Technology
Opportunities
  • Investing in renewable energy and sustainable solutions to reduce energy consumption.

Reporting Standards

Frameworks Used: GRI Standards 2021, TCFD

Sustainable Products & Innovation

  • Virtual Reality Therapy Platforms
  • SilverPad cognitive training tablet
  • Circuit-based Pneumatic Strength Training
  • Gait and Standing Training with ceiling hoists
  • Robotic Animal Therapy (PARO)