Climate Change Data

Environmental Metrics

ESG Focus Areas

• WH&S
• Quality Assurance
• Environment
• Sustainability

Environmental Achievements

• Typical carbon footprint for a LaserBond remanufactured part is less than 1% of a new part, with life improvements of between 2 to 20 times a standard part, achieving a carbon footprint of much less than 1%
• E-Clad technology uses less than a quarter of the energy used in hard chroming and does not utilize or produce harmful carcinogenic chemicals.

Social Achievements

• Maintained stable rolling 12-month Lost Time Injury Frequency Rate despite an increase in workforce size.
• Increased apprentice and trainee programs.
• Working on increasing employee autonomy, building competencies, and promoting greater decision-making at all levels of the workforce.

Governance Achievements

• Review of corporate governance practices, adopting new practices and optimizing existing ones to reflect industry best practice.
• Appointment of Ian Neal as a non-executive director.

Climate Goals & Targets

Environmental Challenges

• Supply chain constraints and accessibility of raw materials and other operational equipment
• Difficulty in scaling up the workforce to support high demand
• Difficulty in recruiting appropriately skilled people
• Unexpected delays in delivery of electronic components for technology sales

Mitigation Strategies

• Increased minimum levels of critical inventory stocks
• Obtaining immigration approval for 15 skilled visa workers
• Increased apprentice and trainee programs
• Ordering long lead time components in advance

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• MicrocladTM
• NanocladTM
• E-CladTM