Microelectronic’s Corporate Responsibility

Microelectronic’s Corporate Responsibility is mostly focused on its performance in relation to staff and customers, environment and social presence.

Energy Consumption

Microelectronic monitors its environmental performance via established voluntary goals to help track and improve upon its energy consumption.

The Energy Conservation goal is to achieve annual savings equal to 3.00% year-on-year of Microelectronic’s total energy use. We are also conscious of the 2050 target to achieve 50% reduction in GHG emissions and, although our GHG emissions are consistently decreasing so far, we are working with our electricity supplier to join a green energy program based on the purchase of RECs (renewable energy certificates).

Our energy consumption during financial year 2023-2024 was approximately 9% lower than in FY2023, while the average energy cost per kWh year-on-year increased by almost 35% over FY2023 (our provider is Energy Australia). While we believe the increase in cost per kWh was due to external market factors, the lower consumption was achieved through a more careful use of facilities, combined with a rationalisation of business activity.

Over the 12 years’ period, since we commenced recording our emissions, we achieved a compound average reduction rate of 5.33% yearly in Energy Consumption and of 9.71% in Greenhouse Gas emissions, which shows, overall, our Company’s successful effort in meeting or exceeding our target.

Note: the amount of GHG emissions has been calculated on the basis of the Emissions Factor for NSW, which is a fixed percentage of the electricity consumption in kWh (source: AEMO 2023-2024)

Health and Safety

Microelectronic is committed to ensuring a safe and healthy work environment for its staff, in compliance with legislative obligations. This commitment is underpinned by Microelectronic’s Code Of Ethics which reflects and fosters the importance of staff’s health, both mental and physical, with an appropriate work-life balance.

Social Performance

Through its community support programs Microelectronic aims to make a meaningful contribution to the social and economic well-being of our communities.
Microelectronic is a sponsor of the St. George Foundation, a member of the IMPACT100 Sydney North Community, a regular supporter of the Sir David Martin Foundation and of the Westpac Lifesavers Rescue Helicopters.
In addition, Microelectronic regularly supports local schools and charity events with donations of money and goods.