Climate Change Policy

Climate Emergency

The Intergovernmental Panel on Climate Change (IPCC) predicts the average global temperature in 2100 is likely to be between 3°C to 5.5°C above late 19th century levels if no action is taken to reduce global greenhouse gas (GHG) emissions. The global risks from climate change include:

• Extreme weather events.

• Severe impacts on the world's poorest and most vulnerable populations.

• Environmental and economic damage.

• Large-scale singular events (such as further sea level rise as major ice sheets melt).

Disruption and irreversible loss of natural habitats and resources is expected even with a 2°C temperature rise. However, rapid global action to cut GHG emissions may reduce the likelihood of global temperatures increasing by 2°C.Under the 2015 Paris Agreement, the international community set goals to:

• Ensure the rise in global mean temperatures is kept well below 2℃ above pre-industrial levels.

• Aim to limit global warming to 1.5℃.

Carbon Neutrality

We are presently assessing our annual carbon consumption with a view to creating a carbon action plan with targets to achieve carbon neutrality in our business operations. At present, we intend to reach carbon neutrality by the end of FY 2024.