We've actively engaged a broad spectrum of both internal and external stakeholders, including
all of our subsidiary businesses, to solicit their insights and guide our approach. In July
2019, the establishment of our Sustainability Leadership Council (SLC) marked a pivotal
moment, strategically uniting the myriad sustainability endeavors of our individual
businesses under a cohesive, Group-wide management framework.
The Sustainability Leadership Council
Comprising senior-level representatives from our diverse portfolio of businesses, the SLC
serves as a dynamic platform for knowledge sharing, the formulation of holistic
sustainability strategies, and the mobilization of activities to enact them. Additionally,
it offers a robust foundation for supporting and coordinating sustainability initiatives
across the Group.
The SLC's membership is comprised of chief executives or other leaders of our principal
businesses, in addition to executive directors from YLG Groups and heads of Group functions.
The SLC also boasts representation from our Non-executive Directors, further enriching its
diversity of perspectives. The Council is further supported by an external advisor.
Convening every six months since its inception, the SLC's discussions have unveiled a
profound enthusiasm and commitment across our businesses to develop a more synchronized
sustainability approach on a Group-wide scale. There's a growing realization within each
business that sustainability should not merely be an auxiliary concern but a fundamental
component of their modus operandi, intrinsically tied to their purpose and strategy.
Our Group Sustainability Strategy
The foundation of our sustainability strategy was forged through a materiality assessment of
crucial Group-wide concerns, meticulously identified and prioritized, drawing on feedback
from all Group businesses.
From the outset, we've placed a premium on engaging our colleagues, involving them closely in
the formulation and execution of our sustainability agenda. An instrumental initial step was
a comprehensive 'pulse check' survey among employees, conducted in January 2020. This survey
solicited feedback from colleagues across our businesses, gauging their perspective on the
most pressing sustainability priorities for the Group. With over 500 colleagues contributing
their insights, an impressive 100 of them expressed a keen desire to actively partake in the
development and execution of our sustainability agenda.
The initial framework has since metamorphosed into a meticulously detailed sustainability
strategy that we are now proposing for approval. The strategy's primary aim is to identify,
prioritize, and effectively oversee the management of pertinent sustainability matters
across our diverse business portfolio, enabling them to seize novel sustainable
opportunities. We believe that this proactive approach to sustainability will serve to
mitigate risks and fortify our businesses' competitive edge by mobilizing our workforce,
deepening our ties with crucial stakeholders, and inciting innovation. The synergy of our
businesses driving the sustainability agenda forward collectively far outweighs the
advantages of each of them pursuing standalone initiatives. This strategy is also an
integral component of our business's future-proofing.
Pioneering Climate Leadership
At YLG GROUP LTD, we ardently believe that addressing climate change is not merely a
moral imperative but a fundamental necessity for ensuring the economic and social well-being
of the communities in which we operate. Our unwavering commitment to pioneering climate
leadership is anchored in two distinct areas of focus: climate risk management and
decarbonization. We are dedicated to instilling climate resilience within our Group's
operations by crafting strategies that encompass both climate mitigation and climate
Climate Risk Management
Climate risk management is a pivotal facet of our strategy, encompassing a comprehensive
approach to understanding, assessing, and mitigating climate-related risks. This
multifaceted endeavor entails mapping the potential climate risks and developing proactive
measures to future-proof our business. We address both physical risks, which involve how a
changing climate impacts our assets, and transition risks, which encompass the evolving
landscape of regulations, technologies, markets, and potential reputational risks associated
with our actions.
Decarbonization is central to our commitment to mitigate our environmental footprint. We have
embarked on a journey to calculate and report carbon inventories for each of our diverse
businesses. Initially, our focus lies on Scope 1 and Scope 2 emissions, considering these as
a priority for reduction. Our Group will conscientiously evaluate a spectrum of actions
aimed at decarbonizing our operations. In 2021, we have initiated a study to establish
carbon reduction targets and formulate comprehensive decarbonization strategies at both the
Group and business levels. Our ultimate goal is to significantly reduce our carbon footprint
and usher in a more sustainable future.
Fostering Social Inclusion
At YLG GROUP LTD, our commitment to sustainability extends to fostering
social inclusion, a broad pillar that revolves around three fundamental
elements of social and economic sustainability: health, education, and
livelihood. This initiative not only focuses on our internal colleagues but
also extends its reach outward to the communities we serve.