Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainability

Governance Achievements

• Upgraded Information Technology system to enable increased efficiency and accuracy.
• Started construction of a new plant located at Tuas South Link 3 with expected completion by the first quarter of 2019.

Climate Goals & Targets

Environmental Challenges

• Key projects progressing slower than expected.
• Downward price pressure from competition within the industry.

Mitigation Strategies

• Focusing on key businesses and continuous review of key operations.
• Upgraded Information Technology system.
• Construction of a new plant at Tuas South Link 3.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Economic Performance
• Occupational Health and Safety
• Training and Education

Social Achievements

• No work-related injuries or incidents in FY2019.
• More than 100% increase in training hours compared to FY2018.

Governance Achievements

• No reports of malpractices received by the Audit Committee in FY2019.
• Adherence to the Code of Corporate Governance 2018 issued by the Monetary Authority of Singapore.

Climate Goals & Targets

Environmental Challenges

• Volatile and uncertain economic environment in FY2019.

Mitigation Strategies

• Exploring new business opportunities and markets, improving efficiency, and exploring cost-cutting measures.

Supply Chain Management

Responsible Procurement

• Suppliers who meet quality, environmental, safety, and health standards; guided by ISO standards.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards Sustainability Reporting Guidelines 2016 – Core Option, Singapore Exchange Securities Trading Limited (SGX-ST) Listing Manual Section B: Rules of Catalist

Certifications: ISO 45001:2018 (OHS Management System), bizSAFE (highest Star level)

Environmental Metrics

ESG Focus Areas

• Economic Performance
• Occupational Health and Safety
• Training and Education

Social Achievements

• Zero work-related injuries and COVID-19 breaches in 2020.
• Implemented various COVID-19 safety measures at warehouse and office (temperature checks, social distancing, etc.)

Governance Achievements

• Adherence to the principles and guidelines of the Code of Corporate Governance 2018 issued by the Monetary Authority of Singapore.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic caused unprecedented uncertainty and disruptions to global economy and operations.
• Lower revenue contribution from entities in Singapore, Holland, and China due to restrictions and relocation of manufacturing plant.
• Intense competition and higher freight costs due to COVID-19 impacting gross profit margin.
• Difficulty securing orders and projects with higher gross profit margins due to COVID-19.

Mitigation Strategies

• Cost-cutting measures and focusing on profit-generating units.
• Relocation of manufacturing plant to Wuhu, China.
• Financial aids and subsidies from the Singapore government to defray manpower costs.
• Tighter cost control measures and reduced marketing and distribution activities during the "Circuit Breaker" period.

Supply Chain Management

Responsible Procurement

• Stringent guidelines on the selection and evaluation of suppliers based on quality, cost-effectiveness, track records, reputation, and other requirements.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards Sustainability Reporting Guidelines 2016 – Core Option, Singapore Exchange Securities Trading Limited (“SGX-ST”) Listing Manual Section B: Rules of Catalist

Certifications: ISO 9001:2015, ISO 45001:2018, bizSAFE (highest Star level)