20 Fostering Sustainable Ecosystems About the Report Leadership Messages About the Theme Corporate Overview Stakeholder Engagement and Materiality Assessment Our ESG priorities and Performance OUR ESG STRATEGY ESG Pillars: The work we do today determines our future Our focus on sustainability revolves around four core pillars: Circular Economy, Responsible Supply Chains, Carbon Neutrality and Diversity, Equity, and Inclusion (DEI). These pillars guide our daily business decisions across all our operations. Additionally, our CSR initiatives align with these four ESG pillars. We are continuously advancing our sustainability initiatives by committing to industryleading goals that aim to safeguard ecosystems, achieve carbon neutrality, and support thriving communities and individuals. Furthermore, we are actively investing in sustainable growth areas, preparing ourselves and our industry for future demands. We passionately believe that our endeavors will not only contribute to significant and impactful climate action but also yield favorable outcomes for our key stakeholders, including our valued customers, resolute employees, and esteemed shareholders. These pillars form a cornerstone for our vision to ensure we foster sustainable ecosystems. Pillar I: Carbon Neutrality GSEZ achieved carbon neutrality in 2019, following an assessment by Aera and verification by SGS. Our carbon emissions were offset, allowing us to become carbon neutral. In Chad, we have installed solar farms with a capacity of 500kW reducing the dependence on fossil fuel. During the reporting period, we have officially entered into a commitment agreement with the Science Based Targets Initiative (SBTi) for our Gabon SEZ. This commitment entails striving towards achieving net zero value chain emissions by the year 2050. Our ultimate goal is to reduce emissions to a level that aligns with carbon abatement pathways, and to offset any remaining emissions by permanently extracting the equivalent amount of atmospheric CO2. We have also partnered with Rainforest Alliance, an international non-profit organization, to proactively work towards creating a balance, where people and nature dwell in harmony. This partnership will lay the grounds for sustainable agriculture for our commodities like cashew, pineapple, spices, sesame, soya, and corn. Pillar II: Circularity At our Particle Board Factory in GSEZ, we have implemented the initiative to optimize the amount of material our timber business reuses and recycles to meet our circular Our ESG Priorities and Performance At Arise IIP, we seek to create “industrial symbiosis,” where by-products of one manufacturing process is used as inputs for another, thus promoting circularity.
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