Environmental Responsibility

In 2023, we stepped up our commitment to reducing environmental impacts and efficient use of resources by setting specific environmental targets that build on our long-term goal to become a net-zero company by 2050. These targets will guide our efforts towards energy conservation, waste reduction and greenhouse gas emissions reduction within our operations.

Focus Areas

Climate Action

• Carbon Footprint (Scope 1&2)

• Energy Management (Renewable energy, efficiency)

Waste & Circularity

• Waste & Water Management

• Circular Economy Efforts

Our actions support the following UN SDGs:

Our target and progress in 2023

Carbon footprint

Waste Management

Recycled materials

Water use

Energy

Circularity

Carbon footprint

KPI

Total Scope 1 and 2 Greenhouse Gas (“GHG”) emissions

2030 Target

Absolute reduction of Scope 1 & 2 emissions by 20% compared to the 2023 baseline

Progress in 2023

Conducted a thorough data collection and carbon accounting exercise to set the baseline

Waste Management

KPI

Total waste disposal

2030 Target

Increase the share of commercial waste diverted from landfill by 10% compared to the 2023 baseline

Progress in 2023

Conducted a thorough waste data collection exercise to define and set the baseline number

Recycled materials

KPI

% of recycled materials used in key products

2030 Target

Increase the share of recycled materials used in key products by 10% compared to the 2023 baseline

Progress in 2023

Assessed current state of recycled materials used in key products to define the baseline number

Water use

KPI

Water use intensity

2030 Target

Maintaining a low level of water use and intensify efforts to reduce water usage wherever possible

Progress in 2023

Conducted data collection across network to assess water use intensity baseline number

Energy

KPI

Amount of renewable energy generated on-site

2030 Target

Continuous efforts to increase the proportion of renewable energy generated

Progress in 2023

Assessed the current onsite renewable energy production to define the current baseline kWh production baseline

Circularity

KPI

All circularity efforts

2030 Target

Continuous efforts to improve circularity (e.g., efforts to reuse, repair, increase share of recycled materials used)

Progress in 2023

Continued efforts on further improving the circularity of our products through efficiency and digital solutions

Climate Action

Loscam is dedicated to driving meaningful climate action across its operations, reflecting our commitment to environmental stewardship.

Our key climate action initiatives

1

Reused Materials

99% of timber waste is reused or recycled for various purposes, such as mulch and arts, significantly reducing the consumption of raw wood.

2

Waste and Emission Reduction

Our shared pallet pools are established to reduce waste, resource usage, and greenhouse gas emissions. Utilizing our Pallet Pooling System can actively contribute to minimising the carbon footprint.

3

Extended Lifespan

Through continuous repair and maintenance, Loscam pooled pallets enjoy a longer lifespan. This reduces the need for frequent replacement and further contributes to waste reduction.

4

Reduced Volatile Organic Compounds (“VOC”) Emissions

100% use of water-based paints instead of solvent-based paints as they typically have lower VOC levels, leading to improved indoor air quality and reduced environmental impact due to lower toxicity levels and reduced emission of harmful chemicals.

5

Recycling Efforts

Any disposed parts and components are responsibly recycled through carefully selected recycling companies.

6

Energy Saving

Utilise natural light in depots through installation of laser-light roof sheeting. Installed smart lighting systems in depots through use of sensors.

7

Energy Efficiency

Upgrading of repair equipment to ensure optimum use of electricity in repair processes.

Performance Highlight

tCO2e / RMB$m

of GHG emission intensity

kWh / RMB¥m

of electricity consumption intensity

kWh

of renewable electricity generated from on-site solar panels

m3 / RMB¥m

of water consumption intensity

Waste & Circularity

By offering standardised wooden pallet products and a pooling system as essential elements of our business model, Loscam actively promotes pallet reuse and reutilisation across the entire supply chain which contributes significantly to the circular economy.

Performance Highlights

of timber waste is reused or recycled into various secondary products such as mulch and arts

million

pallets repaired annually across Loscam's depots in Southeast Asia, Australia, New Zealand and Greater China, ensuring no waste pallets end up in landfills

overall waste recycling rate

reuse rate for repaired pallets

of timber used in Loscam's repair processes come from reclaimed pallet boards