The context in which the Company operates has been transformed by climate impact, nature loss, and social unrest around inclusion and working conditions. This new global environment is challenging the traditional expectations of corporations and redirecting investment capital. Global sustainable investment now tops $30 trillion, up 68% since 2014 and tenfold since 2004. Tradewiz is charting a course to build resilience and enhance our social licence through a greater commitment to long-term, sustainable value creation that embraces the wider demands of people, planet and shared prosperity.
The Board of the Company has resolved to adopt the World Economic Forum (WEF) ESG framework and instructed management to set up an impact measurement plan for each sustainability area which includes, but is not limited to, governance, anti-corruption practices, ethical behaviour, human rights, carbon emissions, land use, ecological sensitivity, water consumption, diversity and inclusion, pay equality and tax payments.
To ensure that Tradewiz can measure, monitor, and report on its ESG disclosure progress, the Company has engaged impact monitoring technology platform Socialsuite to streamline the disclosure and ongoing ESG reporting process. The Company’s goal is to demonstrate commitment and progress on making ESG disclosures, but more broadly, aims to progress a range of ESG benchmarks as set out by the WEF’s ESG White Paper.
While our business is creating an inherent positive impact, the adoption of the WEF framework has already paid ESG dividends. The Company will provide regular updates on its ESG disclosure progress and seek to ensure that our business remains an impact investment for shareholders and local communities.
The Company has deployed Socialsuite’s ESG Go technology platform to set its initial ESG baseline. With a tailored action plan, the Company will focus on delivering and reporting ongoing progress toward disclosing and improving ESG metrics and indicators.
Socialsuite’s ESG Go reporting technology provides an easy way for investors and other stakeholders to assess the commitment and progress of the Company on its journey to create “best in class” ESG credentials and outcomes.
To follow the Company's progress towards it's ESG objectives please refer to our ESG Dashboard
Through out the course of the year the Company releases a number of reports that contain ESG disclosures, these include:
There are also a number of standing policies:
In addition to this the Company has made a number of disclosures below.
The Company makes the following
disclosures with respect to governance
metrics:
Anticorruption (GO-04)
100% of all staff have been trained on the
Company's
anti-bribery and corruption policy (ABC)
as part of induction. The Company is the process
of developing a policy and practice for training
business partners.
There have been
no actual or suspected incidents of corruption
during the current year.
Risk Management (GO-05)
As part of its compliance with Corporate
Governance Principle 7.2 the Board of Directors
reviews the Company's risk management
framework annually and receives a quarterly risk
review from Management.
As part of
the adoption of the WEF ESG framework in
September 2021 the Company has updated its risk
management framework to incorporate ESG
considerations.
Securities Trading Management
In addition to the disclosures above, the
Company, as part of its commitment to good
governance also utilises the
Drawbridge
solution to manage compliance with its
Securities Trading Policy.
While the Company's current
operations do not have a significant
environmental impact, the Company recognises the
risk posed by climate change and the potential
for impact on businesses.
The Company
makes the following additional disclosures with
respect to planet metrics:
Greenhouse Gas (GHG) Emissions (PL-01-A)
The Company is currently assessing its approach
to the GHG Protocol Corporate Accounting and
Reporting Standard.
Currently, the
majority of the Company's emissions come
from its Company's corporate office in
Perth, WA. The Company does not currently
operate any heavy equipment, motor vehicles or
other emission producing equipment.
Task for Climate-related Financial
Disclosures (TCFD) implementation
(PL-01-B)
The updated 2021
TCFD recommendations
cover disclosures across Governance, Strategy,
Risk Management and Metrics & Targets
related to climate.
While the
Company believes its climate related risks are
low given the digital nature of the Company and
its operations it does note the ongoing
discussions related to the impact of Bitcoin and
digital assets on the environment. While no
formal policy has been developed the
Company's intention is to work with
upstream providers committed to ESG such as
Binance Australia
and source digital assets mined with renewable
energy.
The Company aims to be
compliant with the TCFD recommendations by
2024.
Land use and ecological sensitivity
(PL-02)
Due to the nature of the Company's
operations this is not a material area and
therefore disclosures not required.
Water consumption (PL-03)
Due to the nature of the Company's
operations this is not a material area and
therefore disclosures not required.
The Company makes the following
additional disclosures with respect to its
people metrics.
Wage Level (PE-01-C)
The ratio of average entry level wage compared to local minimum wage is 1.57 for all genders.
This does not take into account other benefits such as fringe benefits or participation in the Company's Employee Incentive Plan.
Child, forced or compulsory labour (PE-01-D)
The majority of the Company's material suppliers are Australian based professional service organisations or technology providers.
As at 31 December 2021, the Company has reviewed its material suppliers and considered there are no suppliers that are considered to have a significant risk of child labour, forced or compulsory labour.
Health and Safety (PE-02)
There was no reported fatalities, high consequence work related injuries, or recordable work related injuries in the 12 months to 31 December 2021.
The absentee rate for the 12 months end 31 December 2021 was 1.07% (224 / 20,800).
The Company places an emphasis on mental health. As part of its commitment to mental health, all staff have access to the Company's Employee Assistance Program with Clearhealth Psychology.
Training Provided (PE-03)
The Company places a high importance on training and is exemplified in our value "Never stop developing". The total training expenditure for the 12 months to 31 December 2021 was $28,497 at an average of $2,849 per person.
The Company makes the following additional
disclosures with respect to prosperity
metrics:
Rate of Employment (PR-01)
During the 12 months to 31 December 2021
the Company hired 11 new staff, of the new staff
hired:
- 4 identified as female and 7
identified as male; and
- 6 were between
the age of 30 and 40, 3 were between the age of
40 and 50 and 2 were over 50.
During
the 12 months to 31 December 2021, 3 employees
ceased employment with the Company. All
employees were male between the age of 30 -
40.