ANNUAL REPORT 2025 51 Sustainability Statement laws and regulations for the FYE 31 August 2025 and the past 2 financial years. We will continue to implement control measures and strive for a zero-incident workplace. ENVIRONMENTAL STEWARDSHIP We acknowledge that for the long-term sustainability of the Group, sound environmental stewardship is necessary. Thus, we are committed to minimising our environmental footprint. We intend to address this matter from the aspects of material sourcing and managing waste as well as enhancing climate-resilience and alleviating our environmental footprint. Material Sourcing and Managing Waste We place great care in the usage of our raw materials, paper. We manage material wastage arising from the manufacturing of books as well as excess stocks by applying stringent controls on our printers and making data-driven decisions to prevent overprinting. Proper care is taken to store our raw materials and finished products so as to avoid damages. Older stocks still fit for use are cleared through marked-down sales and donated to organisations and any remainders are collected and sold to recycling facilities. Production wastage is kept at 1%, which is within the current standard set by the Group. We are continuously evaluating and improving our processes to reduce wastage. To the best of our abilities, our purchases of raw materials are made from manufacturers who support sustainability initiatives and/or bodies, such as the Sustainable Forestry Initiative (“SFI”), Forest Stewardship Council (“FSC”) and Programme for the Endorsement of Forest Certification (“PEFC”). Without compromising on quality and with the consent of our customers, we would also incorporate products made from recycled paper into our product mix. To meet the needs arising from the ever-changing education landscape, we have also dedicated a significant portion of our resources to developing digital education solutions. By offering digital products, we are able to empower our customers with 21st century educational technology while reducing our carbon footprint and other negative impacts on the environment. Climate-resilience and Environmental Footprint Climate change presents financial risk to the global economy. We aim to play our part by integrating climate-related initiatives into our operations, enhancing our resilience to climate impacts and taking measures to minimise our environmental footprint. Our initiatives are guided by a framework that covers governance, strategy, risk management and performance metrics, ensuring a comprehensive approach to addressing climate-related risks and opportunities. Governance Recognising the significant impact of climate change on our business, the Group has incorporated climate-related factors into its decision-making process. The Board oversees climate-related mitigation efforts and continuously monitors both the risks and opportunities arising from climate change. Strategy Our strategy revolves around the climate-related risks, which are classified into transition risks and physical risks. Transition risks stem from the shift towards a sustainable, low-carbon economy, driven by regulatory changes and evolving market trends. Physical risks, on the other hand, result from the direct impacts of climate change, such as extreme weather events and rising temperatures, which can affect our assets and operations. These risks could lead to increased costs, fluctuations in revenue, and potential damage or disruptions caused by both short-term and long-term climate-related events. Risk Management Through an effective risk management system, the Board and the AC maintain oversight of climate-related risks. Looking ahead, we plan to strengthen our risk management framework by improving our EES risk indicators. This would help us to better identify climate-related risks and implement strategies for their mitigation.
RkJQdWJsaXNoZXIy NDgzMzc=