Climate Change Data

CFM Holdings Limited

Climate Impact & Sustainability Data (2018-07 to 2019-06, 2019-07 to 2020-06, 2020-07 to 2021-06, 2021-07 to 2022-06, 2023)

Reporting Period: 2018-07 to 2019-06

Environmental Metrics

ESG Focus Areas

  • Economic
  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Proper disposal of material waste through licensed scrap contractors.
  • Subsidiaries certified with ISO 14001:2015 for environmental management systems.

Social Achievements

  • Two workplace injuries reported, covered by insurance, employees returned to work after recovery.
  • Annual performance appraisals for all employees.
  • Comprehensive training program to address employee knowledge gaps and industry updates.
  • Various team-building activities throughout the year.

Governance Achievements

  • Zero incidents of bribery and whistleblowing.
  • Implementation of a Personal Data Protection (PDP) policy.
  • Annual review of internal controls.

Climate Goals & Targets

Environmental Challenges

  • Decrease in demand for metal stamping and fabrication.
  • Impact from the partial disposal of an indirect subsidiary.
Mitigation Strategies
  • Developing new metal stamping services and products.
  • Expanding metal stamping services to the US and Europe.
  • Improving gross profit margin through operational efficiencies and cost reduction.

Supply Chain Management

Responsible Procurement
  • Evaluation of suppliers to ensure procurement from approved vendors.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards (core option)

Certifications: ISO 9001:2015, IATF 16949:2016, ISO 14001:2015

Reporting Period: 2019-07 to 2020-06

Environmental Metrics

ESG Focus Areas

  • Economy
  • Environment
  • Community
  • Governance

Environmental Achievements

  • Proper disposal of material waste through licensed scrap contractors.
  • Zero workplace injuries reported.

Social Achievements

  • Zero workplace injuries reported (FY2019: Two (2)).
  • Annual performance appraisals for all employees.
  • Comprehensive training map to address employee knowledge gaps.

Governance Achievements

  • Zero incidents of bribery and whistleblowing.
  • Implementation of a Personal Data Protection (PDP) policy.
  • Compliance with the Code of Corporate Governance 2018 and Catalist Rules.

Climate Goals & Targets

Environmental Challenges

  • Decrease in demand from metal stamping, tooling, and cleanroom products segment due to the Malaysia control order and the Singapore circuit breaker.
  • Covid-19 pandemic requiring safe distancing measures and work-from-home arrangements.
Mitigation Strategies
  • Cutting down manpower to meet orders timely.
  • Implementing safe distancing measures, work-from-home arrangements, face masks, hand sanitizers, more regular cleaning, and staggered working hours.

Supply Chain Management

Responsible Procurement
  • Evaluation of suppliers to ensure procurement from approved vendors only.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards (core option), SGX-ST Listing Rules (711A and 711B)

Certifications: ISO 9001:2015, IATF 16949:2016, ISO 14001:2015

Reporting Period: 2020-07 to 2021-06

Environmental Metrics

ESG Focus Areas

  • Economy
  • Environment
  • Community
  • Governance

Environmental Achievements

  • Zero injuries reported at the workplace.
  • Proper disposal of material waste through licensed scrap contractors.
  • Renewal of ISO 14001:2015 certifications for plants.

Social Achievements

  • Zero injuries reported at the workplace.
  • Annual performance appraisals for all employees.
  • Comprehensive training plan to cater to employees' skill development.
  • Implementation of safe distancing measures and work-from-home arrangements during the Covid-19 pandemic.

Governance Achievements

  • Compliance with the new code of corporate governance 2018.
  • Compliance with whistleblowing and anti-corruption policies.
  • Zero incidents of bribery and whistleblowing.
  • Implementation of a Personal Data Protection (PDP) policy.
  • Board composition in compliance with Catalist Rules and Corporate Governance 2018.

Climate Goals & Targets

Environmental Challenges

  • Global Covid-19 pandemic affecting supply chain and raw material costs.
  • Uncertain business environment.
Mitigation Strategies
  • Implementation of safe distancing measures, work-from-home arrangements, and other Covid-19 safety protocols.
  • Maintaining stable markets and businesses despite the pandemic.
  • Continuous review and update of policies.

Supply Chain Management

Responsible Procurement
  • Evaluation of suppliers to ensure procurement from approved vendors only.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards (core option)

Reporting Period: 2021-07 to 2022-06

Environmental Metrics

Total Energy Consumption:3,010,621 kWh/year
Water Consumption:19,924.29 m3/year
Waste Generated:510,000 liters/year

ESG Focus Areas

  • Economy
  • Environment
  • Climate
  • Community
  • Governance

Environmental Achievements

  • Maintained ISO 14001:2015 and ISO 14001:2016 certifications for environmental management systems.
  • Proper disposal of 510,000 liters of material waste through licensed scrap contractors.
  • Target to reduce energy consumption by 15,000 kWh for FY2023.
  • Target to reduce water consumption by 100 m3 for FY2023.

Social Achievements

  • Zero workplace injuries reported.
  • 415 training hours conducted (internal and external).
  • Various team-building activities conducted.

Governance Achievements

  • One whistleblowing incident reported, with no adverse findings.
  • Zero incidents of bribery reported.
  • Compliance with Catalist Rules and Corporate Governance 2018.

Climate Goals & Targets

Short-term Goals:
  • Reduce energy consumption by 15,000 kWh by FY2023
  • Reduce water consumption by 100 m3 by FY2023
  • Reduce waste management by 120,000 liters by FY2023
  • Increase training hours to 515 hours in FY2023

Environmental Challenges

  • Global Covid-19 pandemic affecting supply chain and cost of raw materials.
  • Uncertainty in the business environment.
Mitigation Strategies
  • Implemented safety measures (masks, sanitizers, social distancing).
  • Continued operations despite pandemic constraints.
  • Regular reviews of policies on whistleblowing and anti-corruption.

Supply Chain Management

Responsible Procurement
  • Evaluation of suppliers to ensure procurement from approved vendors only.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards (core option), SGX-ST Catalist Rules (711A and 711B), Practice Note 7F – Sustainability Reporting Guide

Certifications: ISO 9001:2015, ISO 9001:2016, IATF 16949:2016, ISO 14001:2015, ISO 14001:2016

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:2,360 tCO2e (Scope 1: 110 tCO2e, Scope 2: 2,250 tCO2e)
Scope 1 Emissions:110 tCO2e/year
Scope 2 Emissions:2,250 tCO2e/year
Total Energy Consumption:3,277,000 kWh/year
Water Consumption:24,500 m3/year
Waste Generated:900 liters liquid, 440 kg solid/year

ESG Focus Areas

  • Product Quality
  • Waste and Resource Management
  • Workplace Safety
  • Employment Practices
  • Corporate Governance
  • Corporate Values and Code of Conduct

Environmental Achievements

  • Waste generated was 900 litres in liquid and 440 kg solid waste (FY2022: 890 litres and 420 kg)
  • Disposal of materials was 225,000 litres in FY2023 (FY2022: 510,000 litres).
  • Johor factory planted 13 saplings in FY2023.

Social Achievements

  • Achieved zero days workplace safety related shutdowns.
  • 4,110 training hours conducted internally and externally.
  • Various team building activities held (Chinese New Year Celebration, annual and Christmas Dinners).

Governance Achievements

  • Compliance with the code of corporate governance 2018.
  • Compliance with all mandatory listing requirements and Code of Corporate Governance 2018.
  • Zero incidents of whistleblowing and zero incidents of bribery.
  • No reported incident or complaint of personal data leaked.

Climate Goals & Targets

Short-term Goals:
  • Reduce waste by 20 litres and 10 kg for FY2024.
  • Reduce energy consumption by 15,000 kWh for FY2024.
  • Reduce water consumption by 50 m3 for FY2024.

Environmental Challenges

  • Unable to meet customers’ demand resulting in loss of future economic benefits.
  • Non-compliant with regulation acts and rules, resulting in imposed penalties and operational disruption.
  • Risk of injury resulting in damaging the social well-being of employees.
  • Business operating losses resulting from reputational damage, legal implications and lost of trust of valued stakeholders.
  • Poor product quality resulting in wastage.
  • Extensive environmental footprints as a resultant of improper waste disposal.
  • Lack of knowledge and confidence to meet job expectations.
Mitigation Strategies
  • Foster long term relationship with our valued customers.
  • Increase environmental awareness to preserve the nature from anthropogenic afflictions.
  • Increase vigilance in Occupational Health and Safety through regular trainings.
  • Attaining long term success and maximising promising financial returns for our valued stakeholders.
  • Increase brand trust through strong quality management.
  • Reduce environmental footprints for future generation via proper waste disposal.
  • Improve employees’ knowledge and confidence by sending them to accredited training courses or seminars.
  • Enhancement of policies and procedures framework through thorough continual assessment.

Supply Chain Management

Responsible Procurement
  • We evaluate our suppliers to ensure that we only procure raw materials from approved vendors.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 9001, IATF 16949, ISO 14001