Commitment & Targets

Our 2030 Targets

Our 2030 Targets Measured Against 2022 Base Year

Sustainable Pillar Metric FY2022 Performance 2030 Target
Sustainable Innovation
R&D and engineering expenses as a percentage of total revenue 7.7% >7%
GHG emissions intensity (tCO2e/’000 production hours) 54.2 40% reduction in GHG intensity to achieve 32.5tCO2e/’000 production hours3
Percentage of total energy use from renewable sources or purchased carbon credits 0% At least 50%
Production wastewater discharge intensity (m³/’000 production hours) 444.9m³ 80% reduction in production wastewater discharge intensity to achieve 89.0 m³/’000
Annual staff training (average hours/employee) 39.7 40
Rate of recordable work-related injuries (per 1,000,000 hours worked)2 1.64 <1.0
Responsible Business
% of critical direct suppliers covered by human rights environmental, health and safety due diligence screening 100% 100%
% of new employees who have completed the Compliance and Code of Conduct training within 6 months of employment 100% 100%
No. of instances of forced and child labour in operations Zero instances Zero instances

(2) Number of total recordable work-related injuries over the total man hours for the period (per 1,000,000 hours worked)

(3) Production hours refers to machine production hours

Sustainable Innovation

As a deep-tech company, we believe that innovation and sustainability are interdependent. Nanofilm will continue to innovate for sustainability and be a driver of change, striking a balance between maximising innovation while minimising hazards to the people and environment.

Core Principles
  • Striving for innovation and operational excellence in a sustainable and responsible way
  • Continue R&D of technologies to create solutions with positive sustainability impact and improve lives

Sustainability Scorecard

Performance Indicators Units FY2020 FY2021 FY2022
R&D and engineering expenses Percentage 5.9 7.1 7.7
Patents and trademarks Number >70 >80 >90
Employees engaged in R&D and engineering Number >270 >300 >400
Completed LEAN projects Number 375 373 95


Nanofilm’s aim is to keep our impact on the environment and climate as low as possible. To achieve this, we rely on high global environmental management standards and also targeted measures such as installing wastewater treatment systems to allow for recycling of water from our operations.

Core Principles
  • Protecting the environment for the benefit of future generations
  • Committing to improve carbon footprint and water efficiency

Sustainability Scorecard

Performance Indicators Units FY2020 FY2021 FY2022
Environmental regulatory compliance incidents Number 0 0 0
ESG audits from customers Number 2 2 2
Total carbon footprint tCO₂e 43,891 69,007 72,607
Carbon footprint intensity tCO₂e/1,000 machine production hours 46.1 52.1 54.2
Total energy consumption GJ 219,898 322,344 317,384
Energy consumption intensity GJ/1,000 machine production hours 231.0 243.4 236.8
Total water consumed6 324,471 516,820 708,827
Total water consumption from production 292,855 489,809 654,683
Wastewater discharge intensity from production m³/1,000 machine production hours 300.77 273.3 444.9

(6): The total water consumed refers to water consumed from our production sites and water from the workers’ dormitories.

(7): This was previously reported as water consumption intensity of 307.7m3/1,000 machine production hours in our SR 2020. This has now been restated as wastewater discharge intensity from production.


Inclusion to us means that everyone in Nanofilm can feel that they are part of one team, are able to bring their whole self to work, and have their voices heard and respected. We also want to leverage the competitive advantage that diverse teams and inclusive cultures can bring to our business, and meet our employees’ demand for working in a company that values diversity and inclusion.

Core Principles
  • Caring for our employees’ well-being and providing for their training and development
  • Caring for the community that we operate in through various ways of community involvement

Sustainability Scorecard

Performance Indicators Units FY2020 FY2021 FY2022
Average training hours per staff Hours 18.0 26.5 39.7
Training provided by Nanofilm College Hours 39,479 81,156 101,941
Employees groupwide subject to regular performance appraisal 8 Percentage - - 100
Female representation in workforce Percentage 36 43 42
Total hiring rate for permanent employees Percentage - - 34.3
Total turnover rate for permanent employees Percentage - - 30.3
Rate of recordable work-related injuries (per one-million man hours) Rate 1.89 2.14 1.64

(8): Metric was presented on a different basis for FY2020 and FY2021

Responsible Business

Our structure ensures that we monitor and quantify compliance, manage risk as well as maintain customers’ and society’s confidence and trust.

Core Principles
  • Ensure a sound corporate governance structure to drive the overall strategy of the group
  • Compliance with rules and regulations to ensure the continued operation of the group

Sustainability Scorecard

Performance Indicators Units FY2020 FY2021 FY2022
Human rights incidents in supply chain Number 0 0 0
Sourcing from local suppliers Percentage 49 72 60

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