OUR FIRST SUSTAINABILITY REPORT
At the heart of our organization, we strive for sustainable development. This has led us to create an action plan to guide us, inspire our team and business students, and equip them with the knowledge and tools for sustainable innovation and responsible leadership.
While we have been working towards sustainability for several years, this is our first Annual ESG Report accessible to the public. Although we know we are not perfect, we understand that the most important thing is to take the first step and continuously learn as we prioritize sustainable practices in our business operations.
We recognize that our work and the people we serve have the potential for significant impact, as educating others is a powerful way to promote ESG practices. Therefore, our report will focus on the environment, society, and governance, as well as on the educational aspects of our programs.
Our Industry:
Creating Connections and Making a Positive Impact
Travel is intrinsic to connecting people, promoting cultural exchange, and supporting conservation. It is crucial to bridge gaps between individuals from diverse backgrounds, facilitate cultural exchange, and foster mutual understanding. Moreover, it is an industry with immense potential for job opportunities and creating a better living for people worldwide. However, we must also acknowledge the adverse effects of carbon emissions on the environment and take steps towards minimizing them.
Business education equips future leaders with the knowledge and tools necessary for sustainable development. At Austral Education Group, we recognize our privileged position and strive to make a meaningful impact in various areas.
Let’s delve into some of the key areas we focus on.
But first, let’s review our Methodology:
We have adopted a methodology based on key performance indicators (KPIs) developed under the EFFAS framework to measure and report our progress accurately. This framework allows us to track our sustainability efforts and show progress over time. Transparent reporting of ESG metrics is essential for stakeholders to assess our sustainability performance and hold us accountable.
E
Environmental
ESG 1
Energy Efficiency
ESG 2
GHC Emissions
S
Social
ESG
Staff Turnover
ESG 4
Training & Quelifications
ESG 5
Maturity of Workforce
ESG 6
Absenteeism Rate
G
GOVERNANCE
ESG 7
Litigation Risks
ESG 8
Corruptions
V
LONG TERM VIABILITY
ESG 9
Revenue from New Products
E
Energy Efficiency:
Monitoring Energy Usage: Tracking and Assessing Efficiency
To manage energy consumption, we closely monitor the dollar energy consumption at all our office locations. This allows us to gain insights into our overall energy usage. To further evaluate the efficiency of our energy use, we also measure specific energy consumption per desk. This key performance indicator (KPI) provides valuable information on how effectively we utilize energy resources, and it is estimated in dollar consumption.
We strive to optimize energy usage and minimize waste and unnecessary expenses by monitoring and assessing these factors.
GHG Emissions:
Tackling Climate Change: Our Commitment to Reducing Greenhouse Gas Emissions
At Austral Group, we take climate change seriously.
Monitoring our Impact: We track our total GHG emissions to understand our environmental footprint.
Assessing Our Efficiency: We calculate GHG emissions per revenue unit and employee to further evaluate our impact. By capturing this data, we can determine our specific GHG emissions and work towards reducing them.
A business school program in Asia is more than just a chance to see the tourist attractions and sample the local cuisine – it is an opportunity to immerse students in some of the world’s most vibrant economies and learn from the movers and shakers of the global business world. Whether studying the latest technological advances in Japan, the cutting-edge technology of South Korea, or the diversifying economy of Malaysia, business school students will gain valuable insights into international business practices, global supply chains, and emerging markets. A trip to Singapore or Vietnam will offer a chance to learn about cross-cultural communication and explore the potential of emerging markets.
So, pack your bags and get ready for the business school trip of a lifetime!
