ESG Focus Area And Goals

Focus Area and Goals

Teamglobal Logistics conducted a materiality assessment exercise to identify ESG aspects that are most important for Teamglobal Logistics’ business and its stakeholders. The materiality assessment followed the approach prescribed by the Global Reporting Initiative (GRI) standards.
The high priority material topics are;

Environment Social Governance
1. Promotion of Sustainable Behavior for Resource Conservation

2. Energy Efficiency in Operations

3. GHG Emission Reduction

4. Management of climate related physical risks

5. Low Carbon Logistics Services

1. Occupational Health and Safety

2. Accident Management

3. Employee Diversity & Inclusion

4. Talent Attraction and Retention

5. Community Relations

6. Grievance Management & Whistleblower Protection

1. Compliance Management

2. Procurement of Sustainable Products and Services

3. Supply Chain Management

4. Data Security and Privacy

5. Business Ethic

6. Corporate Governance

The high priority material topics have been used to define ESG focus areas and associated commitments for 2023-2030 horizon

Focus Area 1: Innovation for Low Carbon Logistics

Commitment

  • Pioneer low carbon logistics services across sea, air, land mode of transportation, through innovative business models.
  • Increase share of renewable energy and use greener fuels to meet energy demand across operations.
  • Achieve carbon neutrality in operations at Container Freight Stations (CFSs).
  • Encourage employees, business partners, and suppliers to proactively reduce their carbon footprint.

Focus Area 2: Adoption of 3R-Reduce, Reuse, Recycle for Resource Conservation

Commitment

  • Adopt 3R principles to reduce resource consumption (energy, water, materials) in offices, at Container Freight Stations (CFSs), and company events.
  • Prioritize procurement of sustainable products and services.
  • Ensure safe handling and source segregation for all waste streams.
  • Minimize waste sent to landfills by improving waste recycling rates and undertaking proper disposal of non-recyclable waste streams at Container Freight Stations (CFSs).

Focus Area 3: Health and Well-being of Employees

Commitment

  • Adopt best practices for health & safety management for accident prevention, mitigation of OHS risks in own as well as sub-contracted operations.
  • Conduct health and safety focused awareness and training for own employees as well as workers employed through contracted operations.
  • Offer equal opportunities to employees and foster diversity and social inclusion.
  • Routinely assess employee’s well-being and their needs for career development and take required actions for improvement.

Focus Area 4: Corporate Governance

Commitment

  • Establish systems for strategic risk assessment and take actions to mitigate the risks in own operations as well as operations of critical business partners and suppliers.
  • Adopt best practices for corporate governance to ensure ethical and responsible business conduct.
  • Adopt a collaborative approach to engage with local community, proactively address their concerns, and undertake actions for community welfare.
  • Actively engage with business community, government, larger civic society to advocate for a conducive ecosystem for adoption of sustainable practices in logistics sector.

Quality Policy

Our endeavor is to set new standards in providing cost effective logistics solutions with an emphasis on safe & timely deliveries thereby exceeding our customer’s expectations, while protecting Confidentiality, Integrity and Availability of information.

We shall build business on principles of mutual trust, fairness and Integrity.
This shall be achieved by:

  • Adopting right technology
  • Building competencies in people
  • Addressing service deviations through continual process monitoring and improvement
  • Effective customer relationship
  • Establishing, implementing and maintaining the quality management system