Climate Change Data

Environmental Metrics

ESG Focus Areas

• Legal compliance and corporate governance
• Service quality and responsibility
• Health and safety
• Economic contribution to society
• Anti-corruption and anti-fraud
• Training and staff development
• Labour management relations
• Diversity and equal opportunities
• Water management
• Supply chain and procurement practices
• Wages and local hiring
• Business partners engagement
• Energy management
• Water conservation
• Environmental impact assessment and mitigation
• Climate change and emission

Environmental Achievements

• No incidence of serious accidents in FY2022.
• Embarked on a project to modernise the plant to improve air and water quality, including air pollution control and wastewater treatment with recycling capabilities.

Social Achievements

• Various social activities and initiatives were organised for employees, including a fitness and gym corner and outdoor activities.
• Health check-ups organised annually for employees.
• Mid-term bonuses offered to support employees dealing with inflationary pressures.
• In 2022, female employees represented 24% of the full-time headcount at the group level and 57% at the corporate office.
• In FY2022, an average of 2.41 training hours per FTE was conducted.

Governance Achievements

• No incidence of corruption or bribery in FY2022.
• No incidence of non-compliance with relevant laws and regulations in FY2022.

Climate Goals & Targets

Environmental Challenges

• Supply-chain constraints
• Labour shortages
• High inflation
• Rising business costs due to price increases for materials, soaring inflation, labour crunch and higher wages
• Customers cutting back capital expenditure and postponing construction projects
• Lingering supply-chain constraints and inflationary cost pressures
• Post Covid-19 pandemic resignations resulting in lower than target employee retention rate.

Mitigation Strategies

• Scaled up manufacturing capability and enhanced duct fabrication and coating processes.
• Built a stronger team to address pain points and bottlenecks.
• Recalibrated production capacity to optimise utilisation.
• Changed operational procedures to adapt to changing market demands and customer expectations.
• Endeavoured to build and strengthen the core production team despite labour crunch.
• Implemented various flexible work arrangements for employees.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards: Core option

Environmental Metrics

ESG Focus Areas

• Climate Change
• Health and Safety
• Training and Development
• Diversity and Equal Opportunities
• Employee Retention
• Economic Performance and Contribution to Society
• Legal Compliance and Corporate Governance

Environmental Achievements

• Installation of air pollution control systems completed in 2023
• Construction of new dedicated waste storage space nearing completion
• Construction planning of wastewater treatment with recycling capabilities underway

Social Achievements

• Various social activities and initiatives organised for employee well-being (fitness corner, outdoor activities, health check-ups, mid-term bonuses)
• Average of 11.8 training hours per FTE in FY2023 (exceeded target of 10 hours)

Governance Achievements

• No incidence of corruption or bribery in FY2023
• No incidence of non-compliance with relevant laws and regulations in FY2023

Climate Goals & Targets

Environmental Challenges

• Sluggishness in the semiconductor industry and weak macroeconomic environment
• Changes in construction timelines by semiconductor players
• Muted semiconductor market and geopolitical conflicts
• Employee retention rate (70%) did not meet target (81%)
• Limited flexibility to adapt to climate change risks

Mitigation Strategies

• Improving operational efficiency and cost optimisation
• Focusing on improving agility and adaptability
• Bidding for larger-scale projects and gaining access to overseas markets
• Talent development and strategies to improve staff retention rate
• Investing in ESG-related projects (air pollution control, wastewater treatment)

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Quality control processes
• Constant interaction on issues such as prices, quality, delivery, and supply availability

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather (floods)
• Disruption to supply and production facilities
• Damage to property and resources
• Disruption/restrictions to power and water usage
• Higher business costs

Transition Risks

• Regulation and litigation
• Additional or tightened requirements/obligations associated with utilities, GHG emissions

Opportunities

• Continuous improvement and innovation on production processes to promote resource optimisation and reduce operating expenses

Reporting Standards

Frameworks Used: GRI Standards 2021, TCFD

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed