Eastspring Investments: Responsible Investment Report 2022
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Company E
Company E is a multiline and specialty retailer and distributor in Asia. As most retailers are actively promoting their membership programs, aiming to combine online and offline channels to strengthen consumer consumption, energy management in physical stores and customer data security were selected as our top focus for engagement. The company shared the efforts to manage energy consumption, noting that it looks to: Control the air-conditioning temperature of each branch based on weather conditions Replace the traditional lamps with LED devices Switch the warehouse to automatic extinguishing lighting, and Increase the adaption of natural lighting in the stores during daytime. We have also noted that the electricity cost of a single store has exhibited a downward trend annually. As the company is still actively expanding its stores and presence in both online and offline capacities, we expect that there will be an increase in electricity consumption. As part of the engagement, we assessed the company on their readiness for data security issues, we are satisfied that the company has sufficient governance and infrastructure in place. The company’s Information Security Officer and related personnel are responsible for implementing data security tasks and arranging education and training for all employees. All relevant personnel are required to obtain data security licenses. The company also has cross-functional Risk and Data Security Team that reviews the data security plans, governance, implementation, and supervision of each department. The team reports findings to the Board on a regular basis. In terms of infrastructure, the company has clear measures for dealing with software and hardware issues. In addition, it conducts two internal audits and one external audit every year to continuously conduct data security risk assessment and control.
Energy management
Data security
Eastspring Taiwan
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