Environment
The Group is committed to safeguarding the environment. It continues to monitor and minimise any potential adverse effects of its business operations that may impact the community and environment.
Environment Management System
The Group recognises the impact of its day-to-day business operations on the environment. As such, it is committed to achieving
excellence in manufacturing and managing its operations in an environmentally sustainable way by continuously reviewing the
controls and standard operating procedures. Its manufacturing plants are accredited with ISO 14001: Environment Management
System.
During the financial year, environmental audits that were focused on significant aspects, risks and objectives as required by the
Environmental Management System standards were conducted. Systems are in place to monitor and measure noise exposure,
environmental air pollution, scheduled waste disposal and sewage discharge to meet legal requirements.
GHG Emissions Data
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Oriental Fastech Manufacturing Vietnam We have used the data for the year 2016 as our baseline for Scope 2 emissions. GHG Emissions Data for Year of 2022 to 2024 compared to the 2016 baseline |
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| Tonnes of CO2e | ||||
| 2024 | 2023 | 2022 | Base year 2016 | |
| Scope 2 | 113 | 139 | 259 | 279 |
| Total Gross Emissions | 113 | 139 | 259 | 279 |
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We do not have scope 1 emissions as there are no direct emissions generated in our operations. Scope 3 emissions are not included in our measurement and reporting at this point in time. In 2022, we reduced our CO2e intensity (per unit of revenue) by 11.0% compared to the base year 2016. In 2023, we reduced our CO2e intensity (per unit of revenue) by 51.5% compared to the base year 2016. In 2024, we reduced our CO2e intensity (per unit of revenue) by 57.0% compared to the base year 2016. |
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Carbon Reduction Target
We will continue to maintain our target of a 52% reduction in GHG emissions intensity (Scope 2) per million USD sales revenue by 2025.
Carbon Reduction Initiative & Action Plan
Optimize energy efficiency by studying consumption patterns and upgrading equipment.
Install energy-efficient inverters to reduce electricity use.
Enhance staff engagement on Zero Carbon initiatives through internal communication.
While renewable energy adoption faces challenges, we continue exploring feasible solutions.
Allocate part of our profits to purchase Renewable Energy Certificates (RECs) to support our carbon reduction goals.
Electricity and Paper Consumption
The Group promotes environmentally conscious work practices such as energy saving and recycling in order to reduce adverse impact on the environment. It monitors the energy and water consumption on a monthly basis and any unusual deviations are promptly addressed and investigated. Employees are educated to switch off air-conditioning and lights during lunch hours and after office hours to reduce unnecessary energy consumption. Also, any water leakage is fixed as soon as it is noticed to avoid waste. Employees are also encouraged to reduce printing or photocopying, and where possible, to use double side printing and recycled paper to reduce carbon footprint on the environment. The Group also encourages a paperless working environment and practise online E-payment to suppliers, E-notification from human resource department to all employees and E-Annual Report to shareholders.
Waste Management
The Group ensures that waste is properly managed and stored. Used materials such as papers or paper cartons are reused, where possible, or collected by scrap collector to recycling centre. Non-recyclable waste is disposed of responsibly in compliance with regulatory requirements through appointed waste contractor.