Page 69 - Vaculug Sustainable Report 2022

Our journey of sustainable transformation started under the guidance of our purpose-driven Chairman. With the support of our leadership team, and our sustainability strategy Road Map to guide us
forward, we are on a path to achieve the goals we have set out for this decade.
We recognise that to achieve our ESG goals - sound and responsible governance is essential. In our 2021 Sustainability Report, we put forward some bold targets, not least becoming carbon net-zero by 2030. We are resolute about achieving the ambitious goals we have set out and remain committed to ensuring we have the proper governance structure.
Over the past year we have taken steps to bolster our governance structure and processes. We introduced procedures to monitor our energy usage, and to gather and track the data we needed to conduct our carbon assessment and measure our impact.
To help us implement our sustainability agenda,
in December 2022 we recruited and hired Dianne Agbayani as our Sustainability Associate. Dianne started in this new role in January 2023. A key focus of her role is to help us reduce our environmental impact, as well as to identify areas for improvement to meet our net-zero carbon targets.
As our Sustainability Associate, Dianne plays
a crucial role in driving our organisation’s ESG commitments forward by actively contributing to the development and implementation of key initiatives.
Dianne’s key responsibilities include conducting research, collecting and analysing data,
and assisting in the creation of sustainability reports. Dianne also engages with stakeholders, promoting sustainability goals and fostering
a culture of environmental responsibility within our organisation.
To support us on our journey of sustainable transformation, we collaborated with Paolo Taticchi, Professor of Strategy and Sustainability at UCL School of Management. This helped us design our sustainability strategy and our first Sustainability Report, which we published in September 2022.
As we continue our journey, we look forward to continuing to work with Paolo when he joins us as our Chief Sustainability Advisor in 2023.
To effectively govern and action our sustainability agenda, we understand the importance of tracking and measuring our activities. For this reason, we partnered with Tecno International, a leading carbon assessment consulting firm that specialises in assessing the carbon impact of companies in line with the GHG (Greenhouse Gas) Protocol. In addition to conducting a comprehensive carbon assessment, in 2023, Tecno International will be supporting us in developing our decarbonisation plan, putting us on the path towards achieving carbon net-zero by the end of this decade.
Over the past year we also partnered with external sustainability consultants to help us implement
our plans. We collaborated with sustainability and risk management expert Antimo Matano who program managed the implementation of key ESG activities. Antimo developed our Code of Ethics, our Sustainability & DEI focused training for staff and senior management. Antimo also supported us with various certification application processes in line with our ESG strategy and commitments. Additionally,
in line with our commitment to disclose and share our progress with key stakeholders, we engaged a sustainability consultant to support us with our Sustainability Reporting efforts.
In addition to our purpose-driven leadership and approach to governance, at Vaculug we believe it is the responsibility of every employee to embody our company’s values, and to apply sustainable thinking to each business decision made, and each action taken.
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