ABC Technologies Inc.
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:11,332 tCO2e (Scope 1) + 76,288 tCO2e (Scope 2)
Scope 1 Emissions:11,332 tCO2e
Scope 2 Emissions:76,288 tCO2e
ESG Focus Areas
- Environmental Sustainability
- Health & Safety
- Employee Engagement
- Supplier Relationships
- Corporate Governance
- Community Involvement
Environmental Achievements
- Achieved energy consumption target (1% absolute reduction)
- Achieved waste reduction target (1% absolute reduction)
- Resin usage 1% lower than the previous year
Social Achievements
- Launched Employee Engagement Committee to improve employee satisfaction
- Implemented Paid Time Off (PTO) policy for Canadian salaried employees
- Continued participation in community initiatives and charitable activities
Governance Achievements
- Significant updates to Code of Business Conduct & Ethics
- Developed an enterprise cybersecurity strategy
- Achieved a bronze level sustainability rating on Ecovadis platform
Climate Goals & Targets
Long-term Goals:
- Achieve carbon neutrality on direct and indirect emissions (Scope 1 and Scope 2) by 2035
Medium-term Goals:
- Reduce carbon emissions by 3% annually for the next 3 years
Short-term Goals:
- Minimum 15% reduction in slip, trip & fall related injuries
- 5% increase in overall Ecovadis scorecard
- Minimum 15% reduction in Total Incident Rate (TRIR)
Environmental Challenges
- Supply chain disruptions due to COVID-19 lockdowns and raw material price increases
- Employee turnover, especially within the first 90 days of employment
- COVID-19 impact on staffing and employee retention
Mitigation Strategies
- Improved onboarding processes to reduce early turnover
- Implementation of employee engagement committees
- Addressing supply chain challenges through proactive management and collaboration
Supply Chain Management
Supplier Audits: Approximately 2% of direct suppliers audited annually
Responsible Procurement
- Supplier Quality and Development Manual outlining expectations for environmental, safety, and sustainability performance
- Commitment to conflict-free minerals
- Encouragement of ISO 14001 certification for suppliers
- Prohibition of human rights abuses, trafficking, child labor, and forced labor
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GHG Protocol Corporate Accounting and Reporting Standard, CDP, NQC, Ecovadis, M2030 Bee Program, Suppliers Partnership for the Environment (SP), UN Global Compact
Certifications: ISO 14001, ISO 45001 (in progress)
Sustainable Products & Innovation
- Products using 100% PCR rPP
Awards & Recognition
- Various awards for quality, customer care, and diversity
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:89,157 tCO2e/year (Scope 1 and 2 combined)
Scope 1 Emissions:14,865 tCO2e/year
Scope 2 Emissions:75,292 tCO2e/year
ESG Focus Areas
- Environmental Sustainability
- Social Responsibility
- Governance
- Health & Safety
- Employee Engagement
- Supplier Relationships
Environmental Achievements
- Increased EcoVadis sustainability score by 8 points and achieved a silver rating status
- Reduced global environmental footprint through initiatives such as pack density increases, reductions in logistical movements, and resourcing products to local vendors resulting in 20.8 tons of CO2e Offset savings
- Reduced resin consumption by more than 4 million pounds
- Achieved 1.2 million pounds of part weight reduction at the Grand Rapids Plant
- Karl Etzel implemented a photovoltaic system reducing CO2 emissions by over 380 tons annually
- ABC Soria Plant in Spain installed photovoltaic panels producing 161,971 kWh annually
- Waste reduction initiatives resulting in savings of over 7 tons of CO2 and USD $125,000 in material costs at Querétaro Plant
- Waste diversion program at Etobicoke Plant diverting more than 188 tons of waste
Social Achievements
- Launched annual “Employee Appreciation Month”
- Provided leaders and HR with “Thank You Cards” to recognize employee contributions
- Launched #destinationemployer social media campaign
- Significant strides in Talent Management, including global talent assessment and succession planning
- Implemented a new standard Global Job Description template
- Offered 70+ new learning opportunities in various categories
- Implemented PTO policy for Canadian salaried employees
- Launched a comprehensive compliance training program for salaried employees
Governance Achievements
- Achieved ISO 45001:2018 certification for Tier 1 ABC legacy sites
- Enterprise overhaul of processes and policies reaffirming commitment to ethical business practices
- Launched a comprehensive compliance training program
- Developed an enterprise cybersecurity strategy based on industry accepted frameworks
- Adopted a Supplier Code of Conduct
Climate Goals & Targets
Medium-term Goals:
- Achieve carbon neutrality on direct and indirect emissions (Scope 1 and Scope 2) by 2035
Short-term Goals:
- Reduce hand injuries by a minimum of 15% from FY23
- Reduce energy usage by 3% from FY23
- Improve overall Carbon Disclosure Project score by one ranking level
Environmental Challenges
- Employee turnover, especially in plants within the first 90 days
- Managing cybersecurity risks
Mitigation Strategies
- Increased touch points with new hires to ensure successful onboarding
- Rolling out employee engagement committees
- Implementing a layered defense model for cybersecurity, including robust training and technical solutions
Supply Chain Management
Supplier Audits: Approximately 2% audited annually
Responsible Procurement
- Supplier Quality and Development Manual outlining expectations for environmental, safety, and sustainability performance
- Supplier Code of Conduct
- Third-party monitoring of ESG topics throughout the supply base
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: EcoVadis, M2030 Bee Program, United Nations Global Compact, Carbon Disclosure Project (CDP), NQC Supplier Assurance
Certifications: ISO 45001:2018
Sustainable Products & Innovation
- Products using 100% post consumer recycled (PCR) materials
Awards & Recognition
- Silver EcoVadis 2023 Sustainability Rating
- Numerous other awards listed in the report