Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced energy consumption by 0.7%
• Reduced waste generation by 1.4%
• 10% of dry waste reused and recycled
• Zero spills
• Launched the ONE°15 Marina – Seakeepers Asia Coral Garden project with 91.1% coral transplant survivorship
• Achieved MIA International Clean Marina Level 4 Award (ISO 14001:2015)

Social Achievements

• Zero guest and employee safety incidents (excluding one minor injury resulting in 7 man-days lost)
• Employees attended training programs including first aid and emergency trainings
• Held 36 member engagement events (significant increase from 14 in 2018)

Governance Achievements

• No reported incidents of corruption
• Strict compliance with Personal Data Protection Act (2012), no reported breaches
• Strict compliance with social and economic regulations, no serious non-compliance incidents

Climate Goals & Targets

Environmental Challenges

• Climate change risks (hurricanes, storms, tsunamis)
• Stringent government regulations on business activities contributing to climate change

Mitigation Strategies

• Adequate environmental and safety measures implemented at marinas
• Careful site selection and implementation of safety measures (dredging, breakwaters, wave fences)
• Environmental policies to mitigate regulatory risks

Supply Chain Management

Responsible Procurement

• Evaluation of food suppliers based on freshness, quality, and timely delivery

Climate-Related Risks & Opportunities

Physical Risks

• Hurricanes, storms, tsunamis

Transition Risks

• Stringent government regulations

Reporting Standards

Frameworks Used: GRI Standards “Core” option

Certifications: ISO 14001:2015

Awards & Recognition

• Marina Industry Association (“MIA”) International Clean Marina Level 4 Award (ISO 14001:2015)
• Asian Boating Awards – Best Asian Marina (multiple years)
• Luxury Travel Awards – Unique Luxury Hotel of the Year 2019
• Best Contribution to the Asian Marina Industry – Arthur Tay (2019)
• Corporate Insider – Winner of Business Excellence Awards (2019)
• 14th South West ECo Awards – Commendation Award (Corporate Category (2018))
• Agoda Gold Circle Award 2015
• Influential Brands: Lifestyle & Yachting Hub – Winner 2015
• Asian Boating Awards – Green Maritime Company of the Year 2015
• The Yacht Harbour Association (“TYHA”) Gold Anchor Award Scheme (5 Gold Anchor)
• ISO 9001:2008 –Quality Management System (2009)

Environmental Metrics

ESG Focus Areas

• Upholding Good Governance and Ethics
• Building Climate Change Resilience
• Protecting Our Environment
• Caring for Our Customers
• Developing Our Human Capital
• Contributing to Our Community

Environmental Achievements

• Achieved 14% reduction in water withdrawal from public utilities by implementing water saving initiatives
• Promoted environmental awareness by educating members and the public through events such as Eco Month
• Launched an indoor vertical garden that can cultivate over 15 types of vegetables and herbs
• 100% replacement of light bulbs with solar energy in garden areas
• Reduced energy intensity from 373 MJ/$’000s revenue in FY2021 to 319 MJ/$’000s revenue in FY2022

Social Achievements

• Engaged a global consulting company to conduct a wage survey for employees to ensure employment compensation and benefits remain fair and competitive
• Achieved an average of 19 training hours for permanent employees
• Hosted the Energy Observer, a vessel using renewable energy

Governance Achievements

• Zero incidents of non-compliance with socioeconomic rules and regulations, including customer privacy and tax-related laws

Climate Goals & Targets

Environmental Challenges

• Increase of carbon tax in Singapore
• Singapore aims for 80% of all buildings (by Gross Floor Area) to achieve the BCA Green Mark by 2030
• 60% of hotel room stock in Singapore to attain internationally-recognised hotel sustainability certification by 2025
• Hotels in Singapore are to commence tracking of emissions by 2023 and reduce emissions by 2030 with a view to reach net zero by 2050
• Sentosa Development Corporation (“SDC”) to be net zero by 2030
• The need to cater for members’ desire for greener initiatives
• Negative stakeholder perception if the Group is not seen to be doing enough on climate-related matters
• Rising temperatures from climate change

Mitigation Strategies

• Discussion with energy suppliers to install solar panels at our marina; purchasing energy from cleaner and renewable sources
• Exploring applying for the BCA Green mark
• Exploring attaining more hotel sustainability-related certifications, and also tap on any available government grants
• Continuing tracking emissions and rolling out emission reducing initiatives
• Actively involved in discussions to support Sentosa’s net-zero goal; part of the Sentosa Carbon Neutral Network
• Ongoing engagement with customers and members; working closely with existing partners
• Consistently dedicated resources within the organisation to champion sustainability; exploring more ISO certifications; organising events to build awareness
• Considering installing more environmentally friendly shading and architecture as well as improve air circulation within our premises

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Screening food suppliers for import/export licenses; ensuring restaurants do not serve endangered species; using FSC, PEFC, or Green Label certified paper products; using biodegradable takeaway containers

Climate-Related Risks & Opportunities

Physical Risks

• Rising temperatures
• Sea level rise

Transition Risks

• Increase of carbon tax
• Changes to policy and legal obligations
• Technological innovation
• Changing market demand
• Changing stakeholder expectations

Opportunities

• Increase energy efficiency
• Adopting renewable energy
• Integrating sustainable practices into services
• Shift in demand from high climate-risk disaster-prone countries to lower climate-risk countries
• Managing climate risk and capitalising on opportunities to improve business resiliency

Reporting Standards

Frameworks Used: GRI 2021 Standards, TCFD Recommendations, UN SDGs

Certifications: ISO 14001:2015, ISO 9001:2015, 5 Gold Anchor Platinum accreditation (MIA), Superyacht Ready (MIA), Level 4 International Clean Marina

Third-party Assurance: Internal review by internal audit function

UN Sustainable Development Goals

• SDG 6 (Clean Water and Sanitation)
• SDG 12 (Responsible Consumption and Production)
• SDG 13 (Climate Action)
• SDG 14 (Life Below Water)

Group's contributions to water efficiency, waste management, climate change resilience, and marine biodiversity conservation

Sustainable Products & Innovation

• ONE°15 Flora Garden

Awards & Recognition

• 5 Gold Anchor Platinum accreditation (MIA)
• Superyacht Ready (MIA)
• Level 4 International Clean Marina
• Tripadvisor’s Travellers’ Choice Awards 2022
• SG Clean certification

Environmental Metrics

ESG Focus Areas

• Good Governance and Ethics
• Building Climate Change Resilience
• Protecting Our Environment
• Caring for Our Customers
• Developing Our Human Capital

Environmental Achievements

• Hosted Blue Water EduFest 2023 to raise awareness about ocean conservation.
• Installed three Collec’Thors, removing 3 tonnes of floating waste.
• Increased coral area and diversity in the ONE°15 Marina – Seakeepers Asia Coral Garden project (144 transplanted corals, 2.66m2 of coral area).

Social Achievements

• Allocated S$250,000 to scholarship programs, conservation projects, and seed funding for researchers.
• Provided a free health screening to all employees.
• Provided 2,977 training hours to employees (average 18 hours per employee).

Governance Achievements

• Achieved zero incidents of non-compliance with SGX-ST listing rules or the Code of Corporate Governance.
• Achieved zero reported corruption or significant whistle-blowing reports.
• Achieved zero substantiated complaints concerning breaches of customer privacy and data loss.

Climate Goals & Targets

Environmental Challenges

• Increase of carbon tax in Singapore.
• Singapore's aim for 80% of buildings to achieve BCA Green Mark by 2030.
• 60% of hotel room stock in Singapore to attain internationally-recognized hotel sustainability certification by 2025.
• Hotels in Singapore to commence tracking emissions by 2023 and reduce emissions by 2030.
• Need to cater for members’ desire for greener initiatives.
• Negative stakeholder perception if the Group is not seen to be doing enough on climate-related matters.
• Rise in global average temperature increases resulting in more frequent and intense weather events.

Mitigation Strategies

• Using solar panels to reduce energy consumption.
• Replacing air conditioners with energy-efficient units.
• Assessing BCA requirements and possibilities of getting buildings Green Mark certified.
• Exploring attaining more hotel sustainability certifications.
• Tracking emissions and rolling out emission reduction initiatives.
• Implementing various green initiatives (charging points, biodegradable materials, etc.).
• Consistently dedicating resources to champion sustainability.
• Organizing events to raise awareness.
• Monitoring weather conditions and investing in infrastructure as needed.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Screening food suppliers for licenses.
• Ensuring restaurants do not serve endangered species.
• Using FSC/PEFC/Green Label certified paper products.
• Using biodegradable takeaway containers.

Climate-Related Risks & Opportunities

Physical Risks

• Rise in global average temperature and sea level rise affecting marina infrastructure.

Transition Risks

• Increase in carbon tax.
• Regulatory changes related to green building certifications.
• Changes in stakeholder expectations regarding sustainability.

Opportunities

• Increase energy efficiency.
• Shift in demand from high climate-risk countries to lower climate-risk countries.
• Diversify services with an eco-friendly focus.

Reporting Standards

Frameworks Used: GRI Standards 2021, TCFD Recommendations

Certifications: ISO 14001:2015, ISO 9001:2015, Level 4 International Clean Marina

Third-party Assurance: Internal review by internal audit function

UN Sustainable Development Goals

• Goal 3
• Goal 4
• Goal 6
• Goal 12
• Goal 13
• Goal 14
• Goal 16

The Group's contributions to these goals are detailed in the report.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Tatler’s Best of Singapore | Travel & Shopping – Yacht Charters
• International Marina of the Year 2023 (MIA)
• Farm-to-Table Logo (Singapore Food Agency)
• Singapore Hotel Sustainability Award 2023-2024