Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economic Performance
• Energy Consumption
• Occupational Health and Safety
• Customer Satisfaction

Environmental Achievements

• Implemented automated electrical supply regulation system to switch off unnecessary appliances and air-conditioning during non-operational hours, resulting in reduced energy consumption.

Social Achievements

• Achieved 86% customer satisfaction.
• Only four minor injuries reported in 2017.
• Actively sponsored events benefiting the underprivileged and young talents in aerospace.

Governance Achievements

• Established an Enterprise Risk Management (ERM) manual and management framework.
• Implemented corporate policies and procedures to ensure compliance with laws and regulations.
• Established a whistleblowing policy.

Climate Goals & Targets

Environmental Challenges

• Managing energy consumption from precision engineering instruments and machinery.
• Maintaining workplace health and safety.

Mitigation Strategies

• Monitoring system and maintenance team for energy consumption.
• Automated electrical supply regulation system.
• OHS policy, training, and on-site response plan for injuries.

Supply Chain Management

Responsible Procurement

• Strict procedures for identifying, selecting, qualifying, and monitoring vendors for raw materials, standard items, special process services, and fixtures.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI G4 Guidelines: Core option

Environmental Metrics

ESG Focus Areas

• Corporate Governance
• Employee Relations
• Environmental Compliance

Environmental Achievements

• 5% improvement on water management
• Exploring ways to reduce carbon footprint, including deploying solar energy in 2023

Social Achievements

• Achieved 88% customer satisfaction
• Average of 5 training hours per employee in FY2022
• Zero records of complaints on discrimination

Governance Achievements

• Target achieved for zero non-compliance with applicable laws and regulations
• Enterprise Risk Assessment and Control Self-Assessment conducted annually
• Zero corruption incidents

Climate Goals & Targets

Environmental Challenges

• Lower business volume in 2H2022
• 23.5% decline in Precision Machining segment revenue due to lower sales of electronic components and slow aviation sector recovery
• Decline in sales in the final quarter of FY2022 in the Equipment Manufacturing segment due to slowdown in the semiconductor industry

Mitigation Strategies

• Expanding product portfolio to meet evolving customer needs
• Improving manufacturing processes and developing new solutions in the semiconductor business
• New factory in Penang, Malaysia scheduled for completion in 2H2023, full production expected in 1Q2024
• Relatively diversified income stream minimizes impact of economic challenges

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Strict procedures of identifying, selecting, qualifying and monitoring vendors

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards

Certifications: AS9100, ISO 45001, NADCAP

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• The Best Supplier in Aerospace Asia Pacific 2011 (Eaton Corporation)
• Certificate of Accreditation 2018 (Aker Solutions)
• Performance Excellence Award 2019 (Safran)
• Outstanding Supplier Award 2021 (Kulicke & Soffa)
• Commitment and Partnership to HP Award 2022 (HP Inc.)

Environmental Metrics

ESG Focus Areas

• Energy Efficiency
• Emissions
• Water Conservation
• Waste Management
• Corporate Governance
• Risk Management
• Anti-Corruption and Whistleblowing
• Economic Performance
• Socioeconomic Compliance
• Environmental Compliance
• Customer Data Privacy
• Customer Satisfaction
• Caring for Our Community
• Employee Relations
• Training and Development
• Occupational Health & Safety
• Diversity and Equality in Employment

Environmental Achievements

• Installed solar panels at Seletar plant (FY2023), extending to Malaysia plant in 2024.
• Reduced total energy consumption by 18.8% to 6,947,705 kWh (FY2022: 8,556,169 kWh).
• Reduced total Scope 1 and Scope 2 emissions by 18.6% to 2,894,067 kgCO2e (FY2022: 3,554,998 kgCO2e).

Social Achievements

• Achieved 90% customer satisfaction (2022: 88%).
• Two injuries reported in FY2023 (FY2022: three injuries), all minor.
• Average 5.8 training hours per employee in FY2023 (FY2022: 5.1 hours).

Governance Achievements

• Established an Enterprise Risk Management (ERM) manual and management framework.
• Conducted Control Self-Assessment (CSA) in FY2023.
• No whistleblowing reports received during the year.

Climate Goals & Targets

Environmental Challenges

• Global semiconductor demand slowdown and economic headwinds.
• Higher production costs in Precision Machining segment.
• Lower global demand for semiconductors impacting Equipment Manufacturing segment.
• Low demand for industrial manufacturing equipment impacting Trading & Others segment.
• Climate-related risks: supply chain disruptions, rising temperatures, sea levels, regulatory changes, and market shifts.

Mitigation Strategies

• Relocation to Penang, Malaysia to lower operating costs.
• Open to merger and acquisition opportunities.
• Expanding Aerospace product portfolio and enhancing manufacturing processes.
• Developing innovative solutions in the semiconductor business.
• Developing business continuity plans to reduce disruptions.
• Contributing to global efforts to curb GHG emissions.
• Formulating an asset replacement plan to comply with new regulatory requirements.
• Aligning business practices with industry best practices and regulatory requirements.
• Implementing climate and sustainability-related measures.
• Presenting key climate and sustainability-related achievements transparently.
• Developing a comprehensive sustainability plan.

Supply Chain Management

Responsible Procurement

• Strict procedures of identifying, selecting, qualifying and monitoring vendors for raw materials, standard items, special process services, and fixture and gauge fabrication.

Climate-Related Risks & Opportunities

Physical Risks

• Disruptions to supply chains due to extreme weather
• Damage to equipment and property
• Disruption of infrastructure and utilities
• Rising temperatures
• Rising sea levels

Transition Risks

• Increase in carbon tax
• More stringent environmental policies
• Exposure to litigation
• Changing customer demand for sustainable products

Opportunities

• Minimisation of operating costs through resource efficiency
• Use of more energy efficient equipment
• Development of sustainable products
• Resource substitution

Reporting Standards

Frameworks Used: GRI Standards

Certifications: AS9100D, ISO 9001, ISO 13485, ISO 14001, ISO 45001, NADCAP

Third-party Assurance: Virtus Assure Pte. Ltd. (internal audit)

UN Sustainable Development Goals

• SDG 5
• SDG 6
• SDG 8
• SDG 10
• SDG 12
• SDG 13
• SDG 16

JEP supports all 17 UN SDGs and contributes in particular to gender equality, clean water and sanitation, decent work and economic growth, responsible consumption and production, climate action, and peace, justice and strong institutions.

Awards & Recognition

• Aker Solutions Certificate of Accreditation 2018
• Safran Performance Excellence Award 2019
• Kulicke & Soffa Outstanding Supplier Award 2021
• HP Inc. Commitment and Partnership to HP Award 2022
• Eaton Corporation The Best Supplier in Aerospace Asia Pacific 2011