Climate Change Data

Mun Siong Engineering Limited

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:1,162,077 kgCO2e
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:26,942 kWh (average)
Water Consumption:1,645 m3 (average)
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental Sustainability
  • Social Sustainability
  • Governance

Environmental Achievements

  • Reduced total emissions by 15,828.84 kgCO2e compared to the previous year, reaching 1,162,077 kgCO2e.
  • Progressively replacing diesel-driven tools and equipment with electrical ones.
  • Planning to install energy-saving lighting, water-saving gadgets, and solar panels at the new office premise.

Social Achievements

  • Launched a campaign on "Mental Well-being & Stress Management", providing self-assessment tools and consultation platforms.
  • Provided 34,719 hours of training in FY2022, an increase from 21,764 hours in FY2021.
  • Conducted exit interviews for Band 4 and above resigning employees to understand reasons for leaving and improve the work environment.

Governance Achievements

  • Conducted Code of Business Ethics training for all employees in Singapore, Malaysia, and Taiwan, covering topics such as Conflict of Interest, Confidentiality, Anti-corruption & Bribery, and more.
  • Implemented a Whistleblowing programme allowing anonymous reporting of unethical conduct.

Climate Goals & Targets

Long-term Goals:
  • Net-zero emissions by 2050
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • High employee turnover rate in FY2022 due to heavy manpower shortages in the market and attractive packages offered by competitors.
  • SHE performance reached a plateau state, requiring new initiatives to improve.
Mitigation Strategies
  • Initiated multiple transition assistance programs, including offering re-employment to elderly employees and job redesign.
  • Launched a mental well-being campaign to address employee stress and improve morale.
  • Continued efforts to recruit and retain talented employees by offering competitive compensation and benefits packages.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Prompt payment
  • Good business relationship
  • Fair business practices
  • Enforcing no gift policy
  • Supplier feedback form

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI Standards 2016: Core Option

Certifications: Null

Third-party Assurance: Internal review

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:34,216 tCO2e (Scope 1 & 2 combined)
Total Energy Consumption:34,216 kWh (Group average)
Water Consumption:811 m3 (Group average)
Carbon Intensity:18.11 kgCO2e/$’000 (FY2023)

ESG Focus Areas

  • Climate Change
  • Environmental Sustainability
  • Social Sustainability
  • Governance

Environmental Achievements

  • Installed energy-saving light bulbs (90% in production, 75% in office)
  • Installed self-closing water taps to prevent wastage
  • Implemented water recycling system for hydro-jetting
  • Investing in wastewater filtration and recycling system in US
  • Targeting a 20% reduction in GHG emissions by 2030 and halving absolute Scope 1 and 2 emissions by 2050.

Social Achievements

  • Provided training to more than 1,200 employees across four countries
  • Improved new hire composition to 22.97% women in 2023 (from 6.7% in 2022)
  • Implemented a Performance Management system with 100% employee participation in reviews
  • Maintained a low rate of high-consequence injuries (LTIS reduced to 4.18)

Governance Achievements

  • Established a whistle-blowing mechanism
  • Zero reported cases of corruption or human rights violations
  • Annual mandatory training on Code of Conduct and Business Ethics for all employees
  • Ranked 53 out of 474 listed companies on the Singapore Stock Exchange in the Annual Governance and Transparency Index

Climate Goals & Targets

Long-term Goals:
  • Halve absolute Scope 1 and 2 emissions by 2050
Medium-term Goals:
  • Reduce GHG emission 20% by 2030
Short-term Goals:
  • Install solar panels at new office premise by end of 2024

Environmental Challenges

  • Regulatory transition risks (carbon tax, water pricing, electricity tariffs)
  • Physical risks from extreme weather patterns
  • Maintaining profitability and growth amidst regulatory changes
  • Attracting and retaining top-tier talent in a competitive market
  • Increasing attrition rate, particularly among female employees (11.80% in 2023)
Mitigation Strategies
  • Shifting Singapore headquarters to reduce flood risk
  • Relocating to climate-resilient location in the US Midwest
  • Installing energy-saving devices
  • Implementing energy-saving mindset among employees
  • Investing in employee well-being and development programs
  • Implementing hybrid working arrangements

Supply Chain Management

Supplier Audits: 100% for major suppliers (yearly)

Responsible Procurement
  • Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather patterns
  • Flooding
Transition Risks
  • Carbon tax
  • Water pricing
  • Electricity tariffs
  • Stricter emission standards
Opportunities
  • Improving energy efficiency
  • Developing energy-efficient products

Reporting Standards

Frameworks Used: GRI Standards Core Option, SGX-ST requirements (Rule 711A and 711B), TCFD Recommendations

Third-party Assurance: Internal review by CLA Global TS Risk Advisory Pte Ltd

Sustainable Products & Innovation

  • Ultrasonic cleaning services