Environmental, Social and Governance (ESG) Strategy
- 1. Introduction
Growing concerns about social and environmental issues has led to greater interest in how companies are governed. As good corporate citizens, companies are increasingly expected, as part of their corporate strategy, to consider its impact on the planet and its peoples, in addition to profits.
ESG metrics (including climate change and greenhouse gas emissions; energy efficiency and resource usage; pollution and waste; health and safety; diversity, inclusion and pay parity; stakeholder and community engagement; human rights; and ethics) are indicative of how a company influences or impacts the environment within which it operates and the way it is able to respond and manage risks and opportunities, as well as its resilience generally.
Although Happytel Retail Group Pty Ltd (“the Company”) is not currently legally required to provide ESG disclosures, it understands that its failure to proactively respond to ESG poses a commercial and reputational risk to the Company, and may adversely affect its sustainability.
- 2. ESG Strategy
Rapidly developing regulatory frameworks, stakeholder demands and increasing environmental concerns, all mean that ESG is fast becoming a top priority for businesses. To keep pace with this change, the Company wishes to:
* keep abreast of the most up to date information available to it;
* understand the risks and opportunities ESG presents; and
* take action to ensure that the Company continues to satisfy stakeholders and places itself in the best position for long term, sustainable growth.
As leaders in the smartphone accessories and services industry, the Company has developed a robust ESG Strategy (commensurate with its size and sector) which is five-fold:
- (i) Develop and implement an ESG Policy;
- (ii) Develop and adopt a code of conduct for suppliers;
- (iii) Undertake an ESG audit and material risk assessment across its business to identify areas of improvement (including a life cycle assessment for products and services);
- (iv) Develop appropriate ESG goals and objectives to respond to identified areas of improvement; and
- (v) Develop standards for measuring and reporting against ESG goals and objectives.
3. ESG Policy
The Company will develop an ESG Policy that identifies key ESG principles and practices to be followed by all employees.
- 4. ESG Supplier Code of Conduct
The Company will develop an ESG code of conduct for suppliers that identifies key ESG principles and practices to be followed by its suppliers.
5. ESG Audit
The Company will carry out a comprehensive ESG audit and material risk assessment across its business in the following six key areas:
- * climate change and greenhouse gas emissions;
- * energy efficiency and resource usage;
- * pollution and waste;
- * health and safety;
- * diversity, inclusion and pay parity; and
- * regulatory compliance.
The Company shall identify the metrics for the target areas and complete a data analysis to establish its ESG baseline.
- 6. ESG Objectives and Framework
Having caried out an ESG audit and material risks assessment, the Company will identify areas of improvement and develop ESG goals and objectives to address the same. It will implement an ESG framework based on these priorities through new policies, processes and practices commensurate to the Company’s size and sector.
- 7. Measuring and Reporting
The Directors will regularly review, measure and report to stakeholders at suitable intervals on the Company’s progress in implementing its ESG strategy. This will include providing an annual report on the Company’s website.