GB Auto - Water Security 2023
W0. Introduction
W0.1
(W0.1) Give a general description of and introduction to your organization.
GB Corp is a leading automotive company in the Middle East and a non-bank financial services provider in Egypt with markets in Iraq and Egypt, with over 28,000 employees (2022). GB Corp's revenues (FY 2022) were 29,789 Million EGP. With a rich, and diversified business portfolio, GB Corp strives to embody excellence in every aspect of its business. With a diverse human capital which compiled years of experience in their field of expertise, GB Corp occupies a remarkable leadership in the markets it operates in. The year2022 has been a major milestone in GB Corp's journey. A new brand, rapid digitalization and sustainability across the business lines mark out the year. We have chosen to rebrand us as GB Corp as a representation of who we are today. The unified entity encompasses GB Auto, GB Capital, GB Logistics, GB Ventures, GB Academy and the GB Foundation for Development as subsidiaries of GB Corp.
GB Auto, a market leader in Middle East and Africa, known for its service offerings. This includes manufacturing, assembly, distribution, and after-sales of different types of vehicles ranging from 2&3 wheelers, passenger cars, commercial vehicles, construction equipment and tires. GB Auto's portfolio of partners currently includes the leading global brands of 1) passenger cars: Hyundai, Mazda, GWM, Fabrika, Chery, Changan, 2) tires: Goodyear, Lassa, Yokohama, Westlake, Techking, Doublestar and Verde.
GB Capital is a non-bank financial services provider in Egypt. GB Logistics is an Integrated Service Provider (ISP) specialized in offering high-quality logistics services. GB Ventures is a specialized technology Venture Capital focused primarily on seed investments within the mobility ecosystem. GB Academy is outfitted to provide professional technical training that are tailored to customer needs. Finally, GB Foundation is a non-profit organization focused on bridging the gap between the vocational education and industry needs by applying international standards and accreditations.
2022 marks our third disclosure year to CDP's Climate Change questionnaire and our first disclosure year to CDP's Water Security Questionnaire. We published our seventh sustainability report and second GRI report, in accordance to the Global Reporting Initiative (GRI) Standards, Task Force on Climate-Related Financial Disclosures (TCFD), and the United Nations Sustainable Development Goals (UN SDGs). Our third Carbon Footprint Report disclose our 2022 GHG emissions as well as additional details related to the data disclosed in this questionnaire.
In 2022, we successfully phased out diesel entirely across all our manufacturing facilities and replaced it with natural gas, as part of our ongoing efforts to reduce our carbon footprint. Additionally, in terms of governance we have developed GB Corp ESG Strategy 2022-2025 covering 2030 Vision. We have recently launched four hybrid vehicle models. In addition, a partnership will facilitate the localization of Electric, Diesel and CNG buses to serve both the Public and Private transportation sectors in the Egyptian market.
Prima manufacturing plant started the operation of Solar PV in November 2022, currently supplying 1.5% of the plant's electricity consumption. Badr and Sadat plants are in the process of installing solar PV panels, scheduled for operation in 2024. Sadat manufacturing plant is in the process of installing a wastewater treatment system that treats wastewater discharged to be reused in the manufacturing process and for landscape irrigation.
We have also made significant steps on digitalization with a wide range of newly introduced digital tools and channels. One of our key achievements of GB Corp of the reporting year has been the Supplier Gate, a new efficient framework and digital tool for managing our supplier relations. The recently launched Forsa app providing people with greater financial flexibility and is now available across more than 4,000 stores.
During 2022, GB Corp contributed to COP27, hosted by Egypt, through a clean 100%-electric30-bus fleet to reiterated its commitment to present solutions of a clean and sustainable future.
To enhance our ESG performance, we are presently working on creating an Environmental and Social Management System for all of GB Corp's operations. The goal is to develop a comprehensive Climate Change Risk Management System and incorporate it into our existing Group Risk Management Framework.
The boundaries included in this reporting period include facilities and sites across Egypt and Iraq. The facilities in Egypt include 5 factories, in addition to 58 service centres/showrooms, and 6 office buildings. The facilities in Iraq include 1 admin building, 35 showrooms and service centers, 5 warehouses and 4 outlets.
For further information, the links can be accessed as indicated below:
Website: https://gb-corporation.com/
Sustainability report: https://s3.amazonaws.com/resources.inktankir.com/gb/GB-Corp-SR22.pdf
W0.2
(W0.2) State the start and end date of the year for which you are reporting data.
Reporting year
Start date | End date |
January 1 2022 | December 31 2022 |
W0.3
(W0.3) Select the countries/areas in which you operate.
Egypt
W0.4
CDP | Page | 1 | of 23 |
(W0.4) Select the currency used for all financial information disclosed throughout your response.
EGP
W0.5
(W0.5) Select the option that best describes the reporting boundary for companies, entities, or groups for which water impacts on your business are being reported.
Companies, entities or groups over which operational control is exercised
W0.6
(W0.6) Within this boundary, are there any geographies, facilities, water aspects, or other exclusions from your disclosure?
Yes
W0.6a
(W0.6a) Please report the exclusions.
Exclusion | Please explain |
Facilities not associated with | As our factories are the most critical and water intensive in our business, only our 5 factories (all located in Egypt) are set as our boundaries, where the other facilities have been |
manufacturing. | excluded (which consist of showrooms, service centers and office buildings in Egypt) |
As this is our first year to disclose on the Water Security Questionnaire, we are starting with the most critical facilities, to include all of facilities in the upcoming years. | |
W0.7
(W0.7) Does your organization have an ISIN code or another unique identifier (e.g., Ticker, CUSIP, etc.)?
Indicate whether you are able to provide a unique identifier for your organization. | Provide your unique identifier |
Yes, a Ticker symbol | AUTO |
W1. Current state
W1.1
(W1.1) Rate the importance (current and future) of water quality and water quantity to the success of your business.
Direct use | Indirect | Please explain | |
importance | use | ||
rating | importance | ||
rating | |||
Sufficient amounts of | Important | Important | The direct utilization of freshwater, withdrawn from the national water supply system, plays an important role in GB Corp's operations. Water serves as a crucial |
good quality freshwater | component in various key manufacturing processes, including vehicle painting, and is also essential for employee use (WASH). | ||
available for use | |||
Additionally, indirect freshwater use holds significance in our operations. As a large purchaser of parts and components, many of which require water in their | |||
manufacturing processes, GB Corp primarily sources car parts and assembles them in our manufacturing facilities. Both direct and indirect operations are | |||
impacted by the availability of good quality freshwater, which is why they are rated as "important" in our assessment. | |||
Looking ahead, GB Corp anticipates that a sufficient supply of good quality freshwater will remain critical for our direct use, as our core manufacturing processes | |||
will remain unchanged. We also foresee that our suppliers will continue to rely on water for their operations, while global water scarcity concerns will persist due | |||
to heightened demand and variable supply. | |||
Sufficient amounts of | Important | Important | GB Corp utilizes water in its manufacturing processes, and currently, the direct use of recycled, brackish, and/or produced water holds significance for our facilities |
recycled, brackish | in Egypt, considering the high water stress risk in the region. Ensuring sufficient water for production needs, while minimizing the impact on available freshwater, | ||
and/or produced water | remains a priority. We anticipate this importance to persist in the future. | ||
available for use | |||
Aiming for zero wastewater discharge from our manufacturing processes by 2030, GB Corp has already taken action. In 2021, we initiated the installation of a | |||
wastewater treatment plant at our El Sadat manufacturing facility. This plant incorporates a Reverse Osmosis (R/O) system, which plays a key role in treating and | |||
recycling water back into our manufacturing processes. We are delighted to share that as of 2022, we have achieved an 80% completion rate. Our plan is to | |||
replicate such facilities in our other manufacturing plants in the coming years. | |||
The indirect use of recycled water by our suppliers is crucial for ensuring a continuous supply, particularly in regions facing water scarcity. As we anticipate water | |||
scarcity to worsen in certain areas in the future, this aspect remains classified as "important". Embracing water recycling practices will help reduce our | |||
dependence on freshwater resources. | |||
W1.2
CDP | Page | 2 | of 23 |
(W1.2) Across all your operations, what proportion of the following water aspects are regularly measured and monitored?
% of | Frequency of | Method of measurement | Please explain | |
sites/facilities/operations | measurement | |||
Water withdrawals - total | 76-99 | Continuously | Water meters for the national water grid withdrawal. | GB Corp operates three factories, namely Prima, Badr, and Sadat factory, all of |
volumes | which are connected to the national water supply system. These factories rely | |||
entirely on this supply for their water needs. To monitor water consumption | ||||
efficiently, water meters have been installed across all industries, enabling | ||||
continuous measurements. Each manufacturing facility diligently monitors its water | ||||
usage through these water meters and gathers water withdrawal data from the | ||||
monthly water bills. | ||||
However, it's worth noting that GB Polo, a factory within the organization, uses | ||||
groundwater in its processes, but the total volumes of water usage are not being | ||||
tracked at the moment. Additionally, there is another factory named as Citi Factory, | ||||
which does not have a significant industrial water consumption. Instead, the primary | ||||
water usage at this facility is for employee needs. Specific data records pertaining to | ||||
water usage at Citi Factory are currently unavailable. | ||||
Water withdrawals - | 76-99 | Continuously | Each of the factories only have one source of water | Among our 5 factories, only 3 are connected to the national water supply system |
volumes by source | withdrawal, as specified. | and directly withdraw water for their industrial processes. However, one of the | ||
factories does not utilize industrial water in its processes, while another factory relies | ||||
on groundwater as its water source. | ||||
Entrained water associated | <> | |||
with your metals & mining | Applicable> | |||
and/or coal sector activities | ||||
- total volumes [only metals | ||||
and mining and coal | ||||
sectors] | ||||
Produced water associated | <> | |||
with your oil & gas sector | Applicable> | |||
activities - total volumes | ||||
[only oil and gas sector] | ||||
Water withdrawals quality | Not monitored | <> | The water we receive from the national water supply system adheres to the industrial | |
Applicable> | water standard, ensuring that it is fully suitable for use in all our processes. | |||
Water discharges - total | 76-99 | Continuously | Prima and GB Polo Factory have a contractor that | At present, two of our factories, namely Prima and GB Polo Factory, have engaged |
volumes | collects all the water discharged from the industrial | a contractor responsible for collecting all waste discharge for treatment. This | ||
processes to be treated to meet the national laws and | process occurs on a weekly basis; however, there are currently no precise records | |||
requirements. The water is being collected on a | available regarding the volume of water discharged. | |||
weekly basis, where we are currently working on | ||||
enhancing our water management system and water | Recognizing the importance of accurate data management, GB Corp is actively | |||
records. | engaged in developing a robust system for recording and monitoring water | |||
discharge. As we work towards implementing this comprehensive solution, we have | ||||
established a temporary estimation approach. For all three factories that monitor | ||||
their water withdrawal volume, namely Prima, Badr, and El Sadat, we have | ||||
determined the water discharge volume to be an estimated 90% of the total water | ||||
withdrawal volume. | ||||
Water discharges - | 76-99 | Continuously | The volume of water discharge in Prima, Badr, and El | Prima and GB Polo Factory have engaged a contractor responsible for collecting |
volumes by destination | Sadat factories is estimated based on the volume of | and treating all the water discharged from their industrial processes. Due to the | ||
water withdrawn. | nature of GB Polo's water supply, which involves groundwater from wells on its | |||
premises, the monitoring of its water withdrawal system was not feasible, resulting in | ||||
Prima Factory and GB Polo both have contractors | the inability to estimate water discharge volumes for GB Polo. | |||
responsible for collecting and treating the water | ||||
discharge. Conversely, Badr and El Sadat factories | On the other hand, both Badr and El Sadat factories manage their wastewater | |||
dispose of their water discharge into the national | discharge by disposing of it into the national sewage system. Before doing so, they | |||
sewage system. Before doing so, they ensure that the | ensure that the effluent characteristics comply with the prescribed national laws and | |||
effluent characteristics comply with the national laws | regulations. | |||
and regulations. | ||||
Regarding water discharge volumes, for all three factories - Prima, Badr, and El | ||||
Sadat - the estimation approach considers these volumes to be approximately 90% | ||||
of their respective total water withdrawal volumes. | ||||
Water discharges - | Not monitored | <> | Prima and GB Polo factories have contracted services for collecting and treating | |
volumes by treatment | Applicable> | their industrial water discharge, while the other two factories utilize the national | ||
method | sewage system for water discharge after ensuring compliance with applicable | |||
national laws and regulations regarding effluent characteristics. | ||||
Water discharge quality - | 76-99 | Other, please | Periodic monitoring of effluent characteristics is | The discharged water from Prima ang GB Polo factories collected by the contractor |
by standard effluent | specify | conducted specifically when we are required to report | is managed as an outsourced service, and while it is not directly monitored by us, | |
parameters | (Periodically) | to the Ministry of Environment. | we exercise utmost diligence in selecting reputable partners to collaborate with. This | |
ensures that we maintain the highest standards of water treatment and remain fully | ||||
compliant with all relevant national laws and regulations governing water discharge. | ||||
Regarding the other two factories; Badr and El Sadat, water discharge is dumped | ||||
into the national sewage system after ensuring that it meets the requirements of the | ||||
national laws and regulations. | ||||
Water discharge quality - | Not monitored | <> | The discharged water from Prima ang GB Polo factories collected by the contractor | |
emissions to water | Applicable> | is managed as an outsourced service, and while it is not directly monitored by us, | ||
(nitrates, phosphates, | we exercise utmost diligence in selecting reputable partners to collaborate with. This | |||
pesticides, and/or other | ensures that we maintain the highest standards of water treatment and remain fully | |||
priority substances) | compliant with all relevant national laws and regulations governing water discharge. | |||
Regarding the other two factories; Badr and El Sadat, water discharge is dumped | ||||
into the national sewage system after ensuring that it meets the requirements of the | ||||
national laws and regulations. | ||||
Water discharge quality - | Not relevant | <> | GB Corp's water discharges are typically maintained at ambient temperature, making | |
temperature | Applicable> | this metric currently irrelevant. As we anticipate that our future discharges will also | ||
be at ambient temperature, we expect this metric to remain irrelevant in the future. | ||||
CDP | Page | 3 | of 23 |
% of | Frequency of | Method of measurement | Please explain | |
sites/facilities/operations | measurement | |||
Water consumption - total | 76-99 | Continuously | At this state, the water consumption is estimated | As part of our continuous commitment to enhancing water management practices, |
volume | based on the water withdrawals and water discharge | we are dedicated to developing a robust data collection and management system. | ||
volumes, where we are working on enhancing our | During this transitional phase, we are currently providing estimates of our water | |||
water management system and water records for | consumption based on water withdrawal and water discharge volumes, employing | |||
upcoming assessments and analysis of our | the following equation: Water Consumption = Water Withdrawal - Water Discharge. | |||
operations. | ||||
It is important to highlight that this methodology is currently applicable only to the | ||||
three manufacturing facilities that actively monitor their water withdrawal volume, | ||||
namely Prima, Badr, and El Sadat. | ||||
Water recycled/reused | Not monitored | <> | El Sadat factory is currently in the process of installing a wastewater treatment plant. | |
Applicable> | Once the implementation is completed, we will closely monitor and assess the water | |||
that is recycled and reused as part of our water management efforts. Additionally, | ||||
we have plans in place to replicate this positive step by installing wastewater | ||||
treatment plants in our other manufacturing facilities. | ||||
The provision of fully- | 100% | Continuously | There are invoices for all purchased drinking water. | All factories operated and managed by GB Corp provide access to safe and fully |
functioning, safely | For hygiene and sanitation, this is made according to | functioning WASH services to all employees and workers. | ||
managed WASH services | cleaning schedules. All equipment is also observed | |||
to all workers | regularly by certain responsible dedicated engineers | The drinking water is bought for all employees and workers, as the tap water is not | ||
at the plants. | suitable for drinking. Hygiene and sanitation are regularly observed and cleaned | |||
according to schedules to ensure consistency. PPEs and sanitizers are also | ||||
available for use. | ||||
Preventive measures are taken at the workplace for all employees to ensure their | ||||
safety with all precautions taken including safety clothes, glasses, gloves etc. All | ||||
equipment is regularly being checked to identify any irregularities and maintenance | ||||
done. | ||||
W1.2b
(W1.2b) What are the total volumes of water withdrawn, discharged, and consumed across all your operations, how do they compare to the previous reporting year, and how are they forecasted to change?
Volume | Comparison | Primary | Five- | Primary reason | Please explain | |
(megaliters/year) | with | reason for | year | for forecast | ||
previous | comparison | forecast | ||||
reporting | with previous | |||||
year | reporting | |||||
year | ||||||
Total | 118.14 | This is our | Unknown | Lower | Increase/decrease | In 2022, the total water withdrawal volume in our three manufacturing plants equipped with water meters, namely |
withdrawals | first year of | in efficiency | Prima, Badr, and El Sadat, amounted to 118.14 megaliters. As this marks our first year of disclosing water data, we | |||
measurement | are unable to provide precise comparisons with previous years at this time. | |||||
Looking ahead, we have forecasted a positive trajectory for the next five years. Based on our strategic plans and | ||||||
objectives, we anticipate a decrease in water withdrawals in line with our targeted goal to reduce production water | ||||||
intensity by 10% by the year 2030. | ||||||
Total | 106.33 | This is our | Unknown | Lower | Increase/decrease | Based on our water withdrawal volume in 2022, we estimated the water discharge to be approximately 90% of this |
discharges | first year of | in efficiency | water withdrawal volume, amounting to 106.33 megaliters. As this is our first year of reporting water data, we are | |||
measurement | unable to provide a precise comparison with the previous year. | |||||
Looking ahead, we have set ambitious targets for the next five years to reduce water discharge volumes. These | ||||||
efforts are in line with our commitment to reduce production water intensity. Furthermore, one of our key goals is to | ||||||
achieve zero wastewater discharge by 2030. To work towards this target, we are actively installing wastewater | ||||||
treatment plants in our manufacturing facilities. These treatment plants will play a crucial role in treating and recycling | ||||||
water back into our industrial processes, contributing to our overall sustainability objectives. | ||||||
Total | 11.81 | This is our | Unknown | Lower | Increase/decrease | The reported water consumption of 11.81 megaliters is derived from the volumes of water withdrawals, along with an |
consumption | first year of | in efficiency | estimated 90% water discharge. | |||
measurement | ||||||
As we remain committed to advancing our water management practices, we recognize that precise data on the | ||||||
volume of water discharged and water consumption is currently unavailable. During this transitional phase, we are | ||||||
employing an estimation approach, utilizing the equation: Water Consumption = Water Withdrawal - Water Discharge, | ||||||
which yielded the reported figure of 11.81 megaliters for the current reporting year. | ||||||
Since this is our first year of reporting water data, we are unable to provide a precise comparison with the previous | ||||||
year. | ||||||
Looking ahead to the five-year forecast, we are optimistic that our water consumption will decrease through the | ||||||
implementation of various projects and initiatives aimed at enhancing water efficiency within our manufacturing plants. | ||||||
W1.2d
CDP | Page | 4 | of 23 |
(W1.2d) Indicate whether water is withdrawn from areas with water stress, provide the proportion, how it compares with the previous reporting year, and how it is forecasted to change.
Withdrawals | % | Comparison | Primary reason | Five- | Primary reason for | Identification | Please explain | |
are from | withdrawn | with | for comparison | year | forecast | tool | ||
areas with | from areas | previous | with previous | forecast | ||||
water stress | with water | reporting | reporting year | |||||
stress | year | |||||||
Row | Yes | 100% | This is our | Unknown | About | Other, please specify (We | WRI | Based on the assessment conducted using the WRI Aqueduct tool, all the locations |
1 | first year of | the | are not expecting our | Aqueduct | where our factories operate in Egypt are categorized as areas with "High" water stress. | |||
measurement | same | operations locations to | ||||||
change in the next five | As for the geographical locations of our plants, there have been no changes compared | |||||||
years) | to the previous reporting year. Similarly, the sources from which we withdraw water | |||||||
remain unchanged, with no alterations in the areas of water withdrawal. Based on our | ||||||||
current projections, we also anticipate this stability to persist over the next five years. | ||||||||
W1.2h
(W1.2h) Provide total water withdrawal data by source.
Relevance | Volume | Comparison | Primary reason for | Please explain | |
(megaliters/year) | with previous | comparison with | |||
reporting | previous reporting | ||||
year | year | ||||
Fresh surface water, | Relevant | 118.14 | This is our first | Unknown | Our primary source of water is the municipal water system, which draws its supply from the Nile River, a |
including rainwater, water | year of | freshwater source. | |||
from wetlands, rivers, and | measurement | ||||
lakes | In 2022, the total water withdrawal volume in our three manufacturing plants equipped with water meters, | ||||
namely Prima, Badr, and El Sadat, amounted to 118.14 megaliters. As this marks our first year of disclosing | |||||
water data, we are unable to provide precise comparisons with previous years at this time. | |||||
Brackish surface | Not | <> | N/A | ||
water/Seawater | relevant | Applicable> | |||
Groundwater - renewable | Relevant | <> | At present, GB Polo, one of our factories, relies on groundwater for its manufacturing processes. However, we | ||
but volume | Applicable> | lack any records pertaining to the precise amount of water consumed or the volume of groundwater extracted | |||
unknown | at this facility. | ||||
Recognizing the significance of accurate data for effective water management, GB Corp is working on the | |||||
development of a robust data collection and management system. | |||||
Groundwater - non- | Not | <> | N/A | ||
renewable | relevant | Applicable> | |||
Produced/Entrained water | Not | <> | N/A | ||
relevant | Applicable> | ||||
Third party sources | Not | <> | |||
relevant | Applicable> | ||||
W1.2i
(W1.2i) Provide total water discharge data by destination.
Relevance | Volume | Comparison with | Primary reason for | Please explain | |
(megaliters/year) | previous | comparison with previous | |||
reporting year | reporting year | ||||
Fresh surface | Relevant | 106.33 | This is our first year | Unknown | This is the fresh surface water volumes discharged by Prima, Badr and Sadat Factory, which are based on an |
water | of measurement | assumption of water discharged to be 90% of water withdrawals. | |||
Brackish | Not relevant | N/A | |||
surface | |||||
water/seawater | |||||
Groundwater | Relevant but | At present, GB Polo, one of our factories, relies on groundwater for its manufacturing processes. However, | |||
volume | we lack any records pertaining to the precise amount of water consumed or the volume of groundwater | ||||
unknown | extracted at this facility. | ||||
Recognizing the significance of accurate data for effective water management, GB Corp is working on the | |||||
development of a robust data collection and management system. | |||||
Third-party | Relevant | 106.33 | This is our first year | Unknown | The fresh surface water is discharged through third parties, i.e. the contractor and the national sewage water |
destinations | of measurement | system. | |||
Hence, this number of 106.33 megaliters (for Prima, Badr and Sadat Factory), the amount of water discharged | |||||
by a third parties is equal to the volume of fresh surface water discharged. | |||||
Prima Factory has a contractor collecting all discharged industrial water to be treated and the other two | |||||
factories (Badr and Sadat Factory) discharge their water into the national sewage system. | |||||
All volumes of water discharge are based on an assumption of water discharged to be 90% of water | |||||
withdrawals. | |||||
W1.3
CDP | Page | 5 | of 23 |
(W1.3) Provide a figure for your organization's total water withdrawal efficiency.
Revenue | Total water | Total | Anticipated forward trend | |
withdrawal | water | |||
volume | withdrawal | |||
(megaliters) | efficiency | |||
Row | 2978910 | 118.14 | 252150837 | Currently, no forecasts are available. However, we have commenced assessing water withdrawal, consumption, and wastewater discharge to ensure consistent |
1 | 0000 | .988827 | performance tracking, with an expectation of improving data quality over time. We are also implementing water withdrawal reduction initiatives, anticipating a decrease | |
in total withdrawal in the future. Additionally, we aim to achieve ISO-standard certifications for our facilities and explore water-efficiency projects to enhance | ||||
sustainability. | ||||
W1.4
(W1.4) Do any of your products contain substances classified as hazardous by a regulatory authority?
Row 1
Products contain hazardous substances | Comment |
Yes | |
W1.4a
(W1.4a) What percentage of your company's revenue is associated with products containing substances classified as hazardous by a regulatory authority?
Regulatory classification | % of revenue associated with | Please explain |
of hazardous substances | products containing substances in | |
this list | ||
Other, please specify | Don't know | Our manufacturing processes involve paintings that must adhere to specific discharge requirements as outlined in national water regulations |
(Egyptian Water | and environmental laws. | |
Regulatory ) | ||
Presently, we have engaged a contractor responsible for treating our wastewater. Additionally, we are actively working on implementing a | ||
wastewater treatment plant at our El Sadat factory, with the ultimate goal of recycling the treated water back into our industrial processes. | ||
W1.5
(W1.5) Do you engage with your value chain on water-related issues?
Engagement | Primary | Please explain | |
reason for | |||
no | |||
engagement | |||
Suppliers | No | We are | We have initiated our water assessments within our business and are currently focusing on our direct operations to set a solid management system to be able to track our |
planning to | water-related metrics. As for our suppliers, we are not engaging specific on water. However, we are planning to do so as we introduce our water policy standards within the | ||
do so within | two coming years, currently an ongoing project. For now, GB Corp has launched the Suppliers Gate portal for monitoring and controlling our suppliers' operations, | ||
the next two | assessing their capabilities, and as a result, integrating them in the company's database. Also, all suppliers are assessed against GB Corp's supplier selection criteria | ||
years | which currently incorporates both social and environmental criteria. | ||
Other | No | We are | We have initiated our water assessments within our business and are currently focusing on our direct operations to set a solid management system to be able to track our |
value | planning to | water-related metrics. As for other value chain partners (e.g. customers), we are not engaging specific on water. | |
chain | do so within | ||
partners | the next two | However, several initiatives have been done with regards to customer interaction. Our digital transformation journey is key here. | |
(e.g., | years | ||
customers) | GB Corp uses multiple channels to ensure customer outreach, including social media, in-house developed websites and applications, as well as after-sales services. All | ||
our customers (across all product lines) are well informed of proper maintenance and efficiency measures by our professionally trained after-sales personnel. We are | |||
working on integrating additional sustainability measures within our messaging and outreach. | |||
GB Corp will continue with its commitment to offering its customers the highest possible level of quality and safety by developing new safety technologies that can be apply | |||
to the vehicles. | |||
To improve our customers after sales experience, the After Sales team, launched Chery mobile application allowing seamless, instant & easier interaction. The app | |||
includes a list of features such as scheduling maintenance & repair services, answering customers inquiries as well as updating them with the latest car models. It also | |||
includes customers car maintenance history as well as a roadside assistance service, a chatbot for complaints and inquiries. | |||
W2. Business impacts
W2.1
(W2.1) Has your organization experienced any detrimental water-related impacts?
No
W2.2
CDP | Page | 6 | of 23 |
(W2.2) In the reporting year, was your organization subject to any fines, enforcement orders, and/or other penalties for water-related regulatory violations?
Water-related regulatory violations | Fines, enforcement orders, and/or other penalties | |
Row 1 | No | |
Comment
W3. Procedures
W3.1
(W3.1) Does your organization identify and classify potential water pollutants associated with its activities that could have a detrimental impact on water ecosystems or human health?
Identification | How potential | Please explain | |
and | water | ||
classification | pollutants are | ||
of potential | identified and | ||
water | classified | ||
pollutants | |||
Row | No, we do not | <> | Our water mainly consists of two water streams - industrial water used in the production process and regular water used in the kitchens and restrooms by our employees. |
1 | identify and | Applicable> | |
classify our | Regarding the industrial water used in production, the wastewater generated from the Factory's painting processes is collected and treated separately by a third-party | ||
potential water | contractor. We have outsourced this service and do not personally identify the pollutants present in the wastewater. However, we ensure that the contractor we work with is | ||
pollutants | responsible for treating the wastewater to meet the required standards. By outsourcing the treatment of our industrial wastewater, we are able to focus on our core operations | ||
and at the same time ensure that the wastewater generated from our production processes is treated effectively and in compliance with regulatory requirements. | |||
W3.3
(W3.3) Does your organization undertake a water-related risk assessment?
No, water risks-related are not assessed
W3.3c
(W3.3c) Why does your organization not undertake a water-related risk assessment?
Primary reason | Please explain | |
Row | We are planning to introduce a risk | At present, we do not undertake any water-related risk assessment. However, we are serious about addressing this issue and plan to do so within the next two years. |
1 | assessment process within the next | This is particularly important given the serious water stress situation in Egypt, where our major operations are located. |
two years | ||
Our aim is to assess the risks related to water and come up with strategies to address them. This could involve measures such as reducing our water usage, | ||
implementing water-saving technologies, and exploring alternative sources of water. By doing so, we hope to play our part in ensuring the sustainable use of water | ||
resources in Egypt and beyond. | ||
We recognize that water scarcity is a pressing global issue and believe that every organization has a responsibility to contribute to its resolution. As such, we are | ||
dedicated to taking proactive steps to manage our water usage covering any water-related risks. | ||
W4. Risks and opportunities
W4.1
(W4.1) Have you identified any inherent water-related risks with the potential to have a substantive financial or strategic impact on your business?
Yes, only within our direct operations
W4.1a
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(W4.1a) How does your organization define substantive financial or strategic impact on your business?
GB Corp has recently (during 2022) launched its revamped brand, aspiring to be more than just a provider of products and services. We want to enable solutions that bring value to people and promote sustainable practices. In our organization, we define "substantive impacts" as those that have the potential to affect our business activities, customer and employee experience in a positive and/or negative way. This could be due to water-related risks and opportunities such as conditions or events, which could affect our ability to operate as well as operational costs, earnings and financial position.
To identify and assess water-related risks, we use the two criteria:
- the severity of the impact on reputation, operating costs, and revenue, and
- the frequency with which the risk could arise
We regularly evaluate our operations to identify critical and emerging risks that could have a significant effect on GB Corp. We are also in the phase of preparing a water policy outlining our commitment to responsible water management, as well as specific goals and targets related to water use and quality. It will also cover details on the business' approach to wastewater management, water-related risk assessment, and stakeholder engagement.
- Operational risks could arise from the emerging water stress operating in a country facing water scarcity.
- Financial risks could result from financial losses exceeding a certain threshold, which requires mitigation.
- Additionally, any risk or impact that has the potential to disrupt production and/or prevent access to markets or negatively affect more than 1% of net income is considered significant and requires attention.
W4.1b
(W4.1b) What is the total number of facilities exposed to water risks with the potential to have a substantive financial or strategic impact on your business, and what proportion of your company-wide facilities does this represent?
Total number of | % company-wide | Comment | |
facilities exposed | facilities this | ||
to water risk | represents | ||
Row | 5 | Unknown | For the time being, the assessment is covering all our 5 factories (all of them located in Egypt). We have not conducted a complete assessment of our water risks |
1 | within the business, and thus, at the moment we cannot give a value for % company-wide facilities this represents (the proportion of organization's company-wide | ||
facilities exposed to substantive water risk). | |||
Our aim is to within the coming years assess the water risks associated with all our operations and identify ways to mitigate them. This will involve analyzing factors | |||
such as water availability, quality, and regulatory requirements. By doing so, we hope to gain a better understanding of the water-related risks we face and develop | |||
strategies to address them effectively. | |||
W4.1c
(W4.1c) By river basin, what is the number and proportion of facilities exposed to water risks that could have a substantive financial or strategic impact on your business, and what is the potential business impact associated with those facilities?
Country/Area & River basin
Egypt
Nile
Number of facilities exposed to water risk
5
- company-widefacilities this represents Unknown
Production value for the metals & mining activities associated with these facilities
- company's annual electricity generation that could be affected by these facilities
- company's global oil & gas production volume that could be affected by these facilities
- company's total global revenue that could be affected
Unknown
Comment
All our factories are located around the Nile, which is the main source of water withdrawal in Egypt (specific to the locations of our factories).
W4.2
(W4.2) Provide details of identified risks in your direct operations with the potential to have a substantive financial or strategic impact on your business, and your response to those risks.
Country/Area & River basin
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Egypt
Nile
Type of risk & Primary risk driver
Regulatory
Tighter regulatory standards
Primary potential impact
Fines, penalties or enforcement orders
Company-specific description
As factories, we are regularly being inspected by authorities regarding our operations, where the water withdrawal and wastewater discharge needs to follow the national regulations. There would be high penalties if any of the requirements are not met. As we operate in a country with high water stress, we are aware that these regulations and standards might become tighter in the future. Therefore, we are strict committed to follow the regulations in addition to observing any changes in the regulations.
Timeframe
Unknown
Magnitude of potential impact
Medium
Likelihood
More likely than not
Are you able to provide a potential financial impact figure?
No, we do not have this figure
Potential financial impact figure (currency)
Potential financial impact figure - minimum (currency)
Potential financial impact figure - maximum (currency)
Explanation of financial impact
N/A
Primary response to risk
Other, please specify (Setting internal procedures and startards to related to water withdrawal, use and discharge)
Description of response
To avoid any penalties by the current regulations or more stringent laws in the future, we are in the phase of developing a water policy standard to be completed and realized within the two coming years. Thereto, we are seeking our plants to be certified with relevant ISO-certifications. Prima Plant is currently in the process of attaining the ISO 50001 certification. Also, we have received a preparatory training course and got certified on the proper implementation of the standard's requirements, where we seek to do this for all our facilities.
Cost of response
0
Explanation of cost of response
Data not available regarding the cost of response.
Country/Area & River basin
Egypt
Nile
Type of risk & Primary risk driver
Reputation & markets
Negative media coverage
Primary potential impact
Brand damage
Company-specific description
As a leading company in our field operating in this region, we recognize the importance of protecting our reputation. Any negative media coverage could potentially harm our brand and have a significant impact on our business, including the risk of losing customers and market share.
We understand that our reputation is built on providing high-quality products and services, as well as conducting our operations in a responsible and sustainable manner. Therefore, we are committed to upholding these values and ensuring that our business practices reflect our commitment to ethical and responsible conduct.
By prioritizing our reputation, we aim to maintain the trust and loyalty of our customers and stakeholders, and to continue to be a trusted partner in the communities where we operate.
Timeframe
Unknown
Magnitude of potential impact
Medium-low
Likelihood
About as likely as not
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Are you able to provide a potential financial impact figure?
No, we do not have this figure
Potential financial impact figure (currency)
Potential financial impact figure - minimum (currency)
Potential financial impact figure - maximum (currency)
Explanation of financial impact
N/A
Primary response to risk
Comply with local regulatory requirements
Description of response
We place great importance on ensuring that our operations are conducted in compliance with national regulations. Additionally, we strive to obtain ISO certification for our facilities and are continuously exploring opportunities to address any concerns that may impact our business.
To achieve this, we regularly hold board-level meetings to discuss climate-related issues and identify ways to improve our environmental performance. Through these discussions, we aim to stay up-to-date with the latest developments in environmental regulations and best practices, and to implement measures to reduce our environmental impact.
We recognize the importance of responsible business practices and are committed to upholding high standards in all areas of our operations. By taking a proactive approach to environmental management, we aim to ensure that our operations are conducted in a sustainable and responsible manner.
Cost of response
0
Explanation of cost of response
Data not available regarding the cost of response.
Country/Area & River basin
Egypt
Nile
Type of risk & Primary risk driver
Chronic physical
Water stress
Primary potential impact
Reduction or disruption in production capacity
Company-specific description
Operating in a country with high water stress, an increasing population, and high demand for water, we face the risk of reduced production capacity due to water scarcity. This risk is further compounded by the rapid development of new cities and factories, which puts additional strain on already limited water resources.
Timeframe
Unknown
Magnitude of potential impact
High
Likelihood
Likely
Are you able to provide a potential financial impact figure?
No, we do not have this figure
Potential financial impact figure (currency)
Potential financial impact figure - minimum (currency)
Potential financial impact figure - maximum (currency)
Explanation of financial impact
N/A
Primary response to risk
Adopt water efficiency, water reuse, recycling and conservation practices
Description of response
As a manufacturing company, we understand that water is a vital resource that is essential to our operations. We recognize the importance of responsible water management and are taking proactive steps to address the risks associated with water scarcity and ensure the sustainable use of water resources.
One of the key ways we are addressing these risks is by exploring water-saving technologies to be implemented and practices across our operations. This includes measures such as optimizing our production processes to reduce water usage, regular monitoring of the water consumption to identify areas for improvement, and monitoring all equipment with regular maintenance.
We are also focused on optimizing our wastewater treatment processes, including investing wastewater treatment systems that enable us to treat and reuse wastewater in
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GB Auto SAE published this content on 01 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 November 2023 11:07:28 UTC.