Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced GHG emissions intensity (tCO2e per employee) in Singapore and Malaysia by 28.20% compared to FY2020.
• Reduced non-hazardous waste disposal intensity (tonnes per employee) in Singapore and Malaysia by 22.97% compared to FY2020.
• Reduced total water consumption by approximately 53.70% in FY2021 compared to FY2020.

Social Achievements

• Implemented a series of sound employment rules and regulations, including compensation and dismissal, recruitment and promotion, working hours, rest periods, diversity and equal opportunities, anti-discrimination, and other benefits and welfare.
• Provided a comprehensive remuneration package for employees, including company bonuses, gifts, and wreaths for occasions, outpatient treatment, and dental benefits, extended childcare leave, long service awards.
• Approximately 66.47% of employees participated in training, with an average of 23.09 training hours per employee.

Governance Achievements

• Established an ESG working taskforce to oversee ESG matters, collect and analyze ESG data, monitor and evaluate performance, ensure compliance, and prepare ESG reports.
• Implemented a whistle-blowing mechanism to report fraud, corruption, dishonest practices, or other similar matters.
• Established stringent and standardized procurement system to evaluate suppliers and ensure compliance with quality, environment, and safety standards.

Climate Goals & Targets

Environmental Challenges

• Increased GHG emissions and non-hazardous waste disposal due to a new segment in the PRC and increased business activities.
• Potential disruption of operations due to extreme weather events.
• Stringent climate legislations and regulations increasing compliance costs and risks.

Mitigation Strategies

• Implemented GHG reduction measures such as requiring employees to turn off computers and lights, utilizing teleconferences, and adopting energy conservation measures.
• Implemented waste reduction measures such as double-sided printing, electronic communication, and recycling.
• Regularly monitors existing and emerging trends, policies, and regulations relevant to climate change to avoid cost increments, non-compliance fines, or reputational risks.

Supply Chain Management

Supplier Audits: 686 suppliers were evaluated

Responsible Procurement

• Established a stringent and standardized procurement system.
• Formulated the Procurement and Payment Policy.
• Developed the Approved Vendor List (“AVL”) and the Vendor Evaluation Form.

Climate-Related Risks & Opportunities

Physical Risks

• Increased frequency and severity of extreme weather events such as extreme cold or heat, storms, heavy rains, typhoons

Transition Risks

• Stricter environmental laws and regulations

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Appendix 27 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced paper waste disposal by approximately 18.29% compared to FY2021 due to work-from-home arrangements and paperless measures.

Social Achievements

• No work-related fatalities in the past three years, including the reporting period. No lost days due to work injury during the reporting period.
• Provided approximately 124 hours of anti-corruption training to 62 employees and 5 hours to 5 directors.

Governance Achievements

• Established an ESG working taskforce to oversee ESG matters, collect and analyze data, and prepare ESG reports.
• Confirmed establishment of appropriate management policies and internal control systems for ESG issues.

Climate Goals & Targets

Environmental Challenges

• Higher employee turnover rate in FY2022 compared to FY2021 due to a competitive labor market.
• Increase in total non-hazardous waste by approximately 65.60% in FY2022 compared to FY2021, mainly due to increased food waste from new hires in the PRC office.
• Increase in total energy consumption by approximately 16.90% and water consumption by approximately 28.07% in FY2022 compared to FY2021, primarily due to increased office space and new hires in the PRC office.

Mitigation Strategies

• Implemented energy conservation measures, including adopting energy-saving modes for equipment and regularly reviewing energy consumption levels.
• Implemented waste reduction measures and initiatives to manage waste effectively and encourage recycling.
• Promotes water conservation among employees through behavioral changes and encourages water conservation.

Supply Chain Management

Supplier Audits: 858 suppliers evaluated in FY2022 (686 in FY2021); regular monitoring and assessments; onsite inspections.

Responsible Procurement

• Stringent and standardized procurement system; Procurement and Payment Policy; Approved Vendor List (AVL) and Vendor Evaluation Form.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events disrupting operations, damaging infrastructure, hampering employees, disrupting supply chains, and damaging assets.

Transition Risks

• Stricter climate legislations and regulations increasing compliance costs and risks of claims/lawsuits.

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: ESG Reporting Guide (Appendix 27 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited)

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental Targets (GHG Emissions, Non-hazardous Waste Management, Energy Consumption, Water Consumption)
• Employment Practices
• Health and Safety
• Supply Chain Management
• Product Responsibility (Customer Privacy, Intellectual Property)
• Anti-corruption
• Community Investment

Environmental Achievements

• Reduced total GHG emissions by approximately 25.48% compared to FY2022
• Reduced total energy consumption by approximately 13.98% compared to FY2022
• Reduced total non-hazardous waste by approximately 6.00% compared to FY2022

Social Achievements

• Implemented a comprehensive remuneration package for employees
• No work-related fatalities in the past three years, including the Reporting Period, and no lost days due to work injury during the Reporting Period
• Supported the community focusing on elderly care, with 50 employees volunteering 5 hours and providing approximately S$13,711 worth of donation to 305 beneficiaries

Governance Achievements

• Established an ESG working taskforce to oversee ESG matters
• Implemented a Whistle-blowing Policy and mechanism
• Provided anti-corruption training to employees and directors

Climate Goals & Targets

Environmental Challenges

• Higher employee turnover rate in FY2023 compared to FY2022 due to competitive labor market
• Increased paper waste disposal in Singapore and Malaysia offices due to resumption of normal operations after the COVID-19 pandemic
• Potential disruptions to operations from extreme weather events

Mitigation Strategies

• Implemented measures to reduce exhaust gas emissions from company vehicles
• Adopted various waste reduction measures and initiatives to manage waste effectively
• Established a Business Continuity Planning Policy and BCP to ensure business continuity in case of emergencies
• Regularly monitors existing and emerging trends, policies and regulations relevant to climate change

Supply Chain Management

Supplier Audits: 1,218 suppliers evaluated in FY2023

Responsible Procurement

• Established a stringent and standardised procurement system
• Formulated the Procurement and Payment Policy
• Developed the Approved Vendor List and Vendor Evaluation Form

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events disrupting operations, damaging infrastructure, and injuring employees

Transition Risks

• Stricter environmental laws and regulations increasing compliance costs and risks

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Appendix 27 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed