Environmental, Social and Governance Statement

1. Introduction

G23LAB is committed to conducting business in a responsible and sustainable manner. Our Environmental, Social, and Governance (ESG) practices are integral to our overall strategy, and we recognize the importance of transparent reporting on our performance in these key areas.

2. Environmental (E) Considerations

Environmental Commitment:

We are dedicated to minimizing our environmental impact. Our commitment includes:

• Reducing greenhouse gas emissions through energy-efficient practices.

• Conserving resources and minimizing waste through responsible production and consumption.

• Implementing sustainable sourcing practices to protect biodiversity.

Climate Action:

We support global efforts to address climate change. Our initiatives include:

• Setting internal targets to reduce carbon emissions.

• Investing in renewable energy sources and energy-efficient technologies.

3. Social (S) Responsibility

Employee Well-being:

We prioritize the well-being of our employees. Our initiatives include:

• Providing a safe and inclusive working environment.

• Offering competitive benefits, professional development, and work-life balance.

Diversity and Inclusion:

We are committed to fostering diversity and inclusion. Our actions include:

• Implementing policies to promote diversity at all levels of the organization.

• Providing training to raise awareness of unconscious bias and promote an inclusive culture.

Community Engagement:

We actively engage with and contribute to the communities in which we operate. Our efforts include:

• Supporting local charitable initiatives and community development projects.

• Collaborating with stakeholders to address social challenges.

4. Governance (G) Practices

Board Composition:

Our board of directors is committed to strong governance practices. This includes:

• Regular evaluations to ensure effective governance and oversight.

Ethical Conduct:

We uphold the highest standards of ethical conduct. Our commitments include:

• A code of conduct that guides employees in ethical decision-making.

• Transparent reporting and communication with shareholders and stakeholders.

Risk Management:

We integrate ESG factors into our risk management processes. This involves:

• Identifying and assessing potential ESG-related risks and opportunities.

• Implementing measures to mitigate risks and capitalize on opportunities.

5. Performance Metrics and Targets

Key Performance Indicators (KPIs):

We measure our ESG performance through various KPIs, including:

• Reduction in carbon emissions.

• Employee satisfaction and retention rates.

• Diversity metrics at all organizational levels.

Targets:

We set ambitious targets to improve our ESG performance. Our goals include:

• Achieving carbon neutrality by 2030.

• Increasing diversity representation wherever possible.

6. Stakeholder Engagement

We actively engage with our stakeholders, including employees, customers, investors, and local communities. This engagement informs our ESG strategy and ensures that we address the concerns and expectations of our diverse stakeholders.

7. Compliance and Reporting Frameworks

We adhere to relevant ESG standards and reporting frameworks. Our reporting aligns with industry-specific guidelines and ensures transparency in our ESG disclosures.

8. Future Commitments

We are committed to continuous improvement in our ESG practices. This includes ongoing assessments, adjustments to our strategies, and regular communication on our progress.