ANNUAL REPORT 2023 93 MATERIALITY MATTERS (cont’d) MYEG’s emissions data is measured based on the Group’s fuel and electricity consumed from the grid (Scope 1 and Scope 2 emissions respectively), shown below: 400,000 300,000 200,000 100,000 0.00 500,000 1,500.00 1,000.00 500.00 0.00 2,000.00 FY2022 1,637.00 FY2021 1,366.00 FY2023 1,292.60 FY2022 457.02 FY2021 424.35 FY2023 324.22 Scope 2 Emissions (CO2 tonnes) Scope 1 Emissions (CO2 tonnes) Note 1: Scope One Direct Energy (Fuel) for FY2023 takes into account the usage of petrol of MyDelivery motorcycle riders and our Internal Courier fleet, in litres. Note 2: Scope One Direct Energy (Fuel) for FY2023 fuel data may not be comparable to FY2021 and FY2022 data due to: i. The difference in calculation methodology, in which a more refined and accurate data gathering and calculation methodology has been employed for FY2023’s Scope 1-related calculations. ii. Given this refined fuel and emissions data gathering and calculations methodology being employed in FY2023, Scope 3 emissions have been segregated as a separate category in FY2023 (whereas in previous years Scope 3 business travel fuel and emissions data were part of Scope 1 calculations). The Group experienced a decrease in Scope 2 emissions (21.04% year-on-year), which can be attributed to streamlining of approved sites as part of efforts to maximise cost savings, as well as better control over electricity consumption at HQ through monthly monitoring of utility bills. Starting from FY2023 onwards, MYEG has enhanced its environmental transparency by disclosing its Scope 3 emissions. This expansion of reporting encompasses emissions related to employees’ commuting calculated via distance method. As this is the first year that MYEG has provided Scope 3 Employee Commuting emissions data in FY2023, the average distance commuted annually per employee, derived from a survey conducted among employees, has been used as the basis for arriving at an estimated total as displayed in the table below. As the Group improves its calculation methdology and data collection approach for Scope 3 data, it aims to enhance its Scope 3 disclosures in the near future. Scope 3 Emissions for FY2023 (CO2 tonnes) 0 1000 2000 3000 4000 5000 FY2023 4,127.76 217.17 4,344.94 Employee Commuting Business Travel Note 1: Comparative figures for previous years are not available as FY2023 is the first year that Scope 3 data are being segregated and reported. Note 2: Scope 3 Business Travel data consist of business travel info from MYEG and its major subsidiaries. i. The difference in calculation methodology, in which ii. Given this refined fuel and emissions data gathering distance commuted annually per employee derived from a survey conducted among employees has been used as the SUSTAINABILITY STATEMENT
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