Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economic Performance
• Environmental Sustainability
• Social Responsibility
• Governance

Environmental Achievements

• Actual energy consumption and emissions lower than target for most building and construction projects
• Actual water consumption lower than target for all building and construction projects
• Actual waste and effluents production lower than target for all building and construction projects
• BCA Green and Gracious Builder Award (Excellent) in 2019
• Green Mark Platinum rating for Raffles Hospital Extension
• Implementation of energy conservation practices and improved energy efficiency in Maldives operations
• Zero significant impact on water sources in Maldives
• Implementation of waste management practices in Maldives resulting in zero environmental non-compliance incidents

Social Achievements

• Achieved zero fatal workplace safety incidents
• RoSPA Gold Award for health and safety management systems and culture
• Championed diversity in terms of nationality, race, age, gender, beliefs and social attitudes
• Implemented an organisational-wide safety audit system and CultureSAFE program
• 100% of Kooddoo Airport staff hired from the local community
• Significant proportion of employees hired from local community for Maldives projects

Governance Achievements

• Zero confirmed incidents of corruption in FY2019
• Implementation of Employee Anti-Gambling Policy
• Annual Declaration of Independence Form for key personnel to mitigate conflicts of interest

Climate Goals & Targets

Environmental Challenges

• Slightly higher than planned energy consumption in Seaside Residences due to exceeding anticipated number of workers
• Managing environmental impacts of high-volume marine recreation activities at Pullman Maldives Maamutaa Resort

Mitigation Strategies

• Implementing water conservation measures to reduce water consumption
• Using rainwater for vehicle washing
• Implementing rules on boat operators and tourists engaging in recreational activities to protect coral reefs
• Performing Environmental Impact Assessment (EIA) and obtaining approval for Pullman Maldives Maamutaa Resort project

Supply Chain Management

Responsible Procurement

• Evaluation of suppliers and subcontractors based on track record, workmanship, ISO certification and safety performance
• Continuous assessment of suppliers based on compliance with material specification/standards, response to defective material/emergency, and Green and Gracious practices
• Stringent control at site level via biometric system to ensure only valid work permit holders can gain entry

Climate-Related Risks & Opportunities

Reporting Standards

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

Certifications: ISO 9001:2008, SS ISO 9001:2008, ISO 14001:2004, SS ISO 14001:2004, OHSAS 18001:2007, BizSAFE Star Certificate

Sustainable Products & Innovation

• Green concrete
• Prefabricated Prefinished Volumetric Construction (PPVC)
• Prefabricated Bathroom Unit (PBU)
• Eco-friendly textile products (Oeko-Tex Standard 100)

Awards & Recognition

• BCA Green and Gracious Builder Award (Excellent)
• RoSPA Gold Award
• The Edge Singapore Centurion Club (2019)
• World Luxury Hotel Award (2018)
• BCA Green and Gracious (GGBS) (Excellence) (2018)
• RoSpa (Royal Society for the Prevention of Accidents) Health and Safety Award (2018)
• MOM Certificate of Merit for Safety Performance Awards
• BCA A1 grading

Environmental Metrics

ESG Focus Areas

• Occupational Health and Safety
• Environmental Sustainability
• Community Engagement
• Economic Performance
• Supplier Relations
• Covid-19 Response

Environmental Achievements

• Met sustainability targets for water and energy consumption, effluents and emissions production and use of recycled and green materials in projects.
• Awarded BCA Green And Gracious Builder Award (Excellent) in 2020.
• National Skin Centre project received a Green Mark Platinum rating.
• Energy consumption reduced by 17% at Kooddoo Airport.

Social Achievements

• Zero life loss at workplace.
• Zero reportable occupational diseases at workplace.
• Continued to provide training, re-skilling and upskilling and health and wellness initiatives for staff and workers.
• Supported community and charitable initiatives particularly in the area of education.
• 100% of Kooddoo Airport workforce are local hires.

Governance Achievements

• Zero confirmed incidents of corruption in FY2020.
• Established clear guidelines and procedures for employees regarding gifts and entertainment.
• All key personnel are required to sign an Annual Declaration of Independence Form.

Climate Goals & Targets

Environmental Challenges

• Covid-19 pandemic impacted operations.
• Supply chain disruptions.

Mitigation Strategies

• Implemented robust safety measures to meet stringent safe distancing and other workplace measures.
• Upgraded digital capabilities to improve efficiencies and minimise waste.
• Enhanced DfMA technologies capacity.
• Government grants used for Covid-19 relief funds and safe management measures.

Supply Chain Management

Supplier Audits: Suppliers and subcontractors evaluated based on track record, workmanship, ISO certifications, safety performance, and Green and Gracious practices.

Responsible Procurement

• Evaluation of suppliers and subcontractors based on their track record, workmanship, ISO certifications, safety performance as well as Green and Gracious practices.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards (Core option), Singapore Exchange Securities Trading Limited (SGX-ST) Listing Rules (711A and 711B)

Certifications: ISO 9001:2015, SS ISO 9001:2015, ISO 14001:2015, SS ISO 14001:2015, BizSAFE Star

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Green concrete
• Prefabricated Prefinished Volumetric Construction (PPVC)
• Prefabricated Bathroom Unit (PBU)

Awards & Recognition

• BCA Green And Gracious Builder Award (Excellent)
• BCA Green Mark Award (Platinum) for National Skin Centre
• BCA Construction Excellence Award for Parc Life Condominium
• RoSpa Health and Safety Silver Award
• Luxury New Hotel Award (Indian Ocean) for Pullman Maldives Maamutaa Resort
• The Edge Singapore Centurion Club
• World Luxury Hotel Award for Mercure Maldives Kooddoo Hotel
• BCA Green and Gracious (GGBS) (Excellence)

Environmental Metrics

ESG Focus Areas

• Governance and Ethics
• Quality and Innovation
• Environment
• Health and Safety
• Our People
• Supply Chain Management
• Our Community

Environmental Achievements

• Entered into a renewable energy power purchase agreement at Chin Bee Factory to utilize solar energy and reduce carbon emissions.
• Obtained a Green Loan for the refurbishment of Grand Hyatt Hotel Singapore (Green Mark Platinum project).
• Continued contributions to preserving natural biodiversity in the Maldives (waste reduction, energy conservation, coral reef preservation).

Social Achievements

• Zero workplace fatalities.
• Implemented stringent hygiene measures and safety protocols in response to the COVID-19 pandemic.
• Continued support for charitable organizations to improve community welfare.

Governance Achievements

• Established clear guidelines and procedures for employees, including a "No Gift/Cash Policy".
• Implemented a Whistleblowing Policy.
• Implemented an Employee Anti-Gambling policy.

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to COVID-19 (factory closures, shipment delays).
• Two instances of non-compliance with NEA regulations regarding noise and vector management.
• Increased waste generation at Maldives resorts due to easing of COVID-19 restrictions.

Mitigation Strategies

• Increased manpower and resources to mitigate project delays.
• Rectified NEA non-compliance issues and implemented mitigation measures.
• Implemented various measures to conserve energy and water in Maldives operations.

Supply Chain Management

Responsible Procurement

• Evaluation of suppliers and subcontractors based on track record, workmanship, ISO certifications, and safety performance.
• Continuous assessment of suppliers based on compliance with material specifications, response to defective materials, and green practices.

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI Standards “Core” option, SGX-ST’s “Comply or Explain” requirements

Certifications: ISO 9001:2015, SS ISO 9001:2015, ISO 14001:2015, SS ISO 14001:2015, ISO: 45001:2018, BizSAFE Star

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 13 (Climate Action)
• Goal 6 (Clean Water and Sanitation)
• Goal 8 (Decent Work and Economic Growth)
• Goal 11 (Sustainable Cities and Communities)
• Goal 15 (Life on Land)
• Goal 14 (Life Below Water)

The report highlights how Keong Hong's initiatives contribute to these goals through renewable energy, waste reduction, water conservation, job creation, sustainable construction practices, and biodiversity preservation.

Sustainable Products & Innovation

• Green concrete
• Prefabricated Prefinished Volumetric Construction (PPVC)
• Prefabricated Bathroom Units (PBU)
• Eco-friendly textile products (Oeko-Tex Standard 100)

Awards & Recognition

• BCA Green and Gracious Builder Award (Excellent)
• RoSPA Award
• The Edge Singapore Centurion Club (2019)
• World Luxury Hotel Award (2018)
• BCA Green and Gracious Builder Scheme (“GGBS”) (Excellence) (2018)
• Ministry of Manpower (“MOM”) Certificate of Merit for Safety Performance Awards
• BCA A1 grading
• BCA Green Mark Award (Platinum)
• BCA Construction Excellence Award
• RoSPA Health and Safety Silver Award (2020)
• World Luxury New Hotel Awards (2020)
• World Luxury Restaurant Awards (2020)
• Workplace Safety and Health Council (WSHC) Workplace Safety and Health Performance Awards

Environmental Metrics

ESG Focus Areas

• Minimise impact on environment
• Enhance wellbeing of employees and development of communities
• Strengthen governance by upholding principles of accountability, transparency and integrity

Environmental Achievements

• Entered into a power purchase agreement to provide solar energy to Chin Bee factory
• Participated in six Green Mark projects
• Coral Nursery at Pullman Resorts Maldives to preserve marine eco-system
• Installation of solar panels at Chin Bee Factory (started Dec 2022, completed Feb 2023), expected to yield 6.1mil kWh over 12 years.

Social Achievements

• Achieved zero workplace fatalities
• Continued sponsorship for employees’ tertiary education
• Provided staggered work hour arrangement to promote work-life balance
• Staff uphold company’s no gambling policy via Casino Self Exclusion
• Donation of S$2,000 to The Singapore Children’s Society

Governance Achievements

• Independent Directors > 60%
• Routine internal audits in place for ISO 9001:2015, ISO 14001:2015, ISO 45001:2018
• Zero incidents of non-compliance with social and economic laws and regulations
• Zero incidents of corruption activities

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to COVID-19 (factory closures, shipment delays)
• Increased waste generation in The Antares project due to increased disposal of used formworks

Mitigation Strategies

• Increased manpower and resources for National Skin Centre Project to mitigate delays
• Monitoring and planning waste generation to stay within planned consumption in FY2023

Supply Chain Management

Supplier Audits: 100% of major suppliers and subcontractors evaluated based on track record, workmanship, ISO certifications, GGBS certification, and safety performance.

Responsible Procurement

• Selection of suppliers based on high quality and environmentally friendly practices
• Compliance with material specification/standards

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards (Universal Standards 2021)

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018

UN Sustainable Development Goals

• Goal 6
• Goal 7
• Goal 8
• Goal 9
• Goal 11
• Goal 12
• Goal 13
• Goal 14
• Goal 15
• Goal 16

Group’s business focuses are aligned with the UN SDGs.

Sustainable Products & Innovation

• Green concrete
• PPVC and PBU

Awards & Recognition

• BCA Green and Gracious Builder Award (Excellent) (2021)
• RoSPA Health and Safety Gold Award (2022)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Completed installation of solar panels on Chin Bee Factory rooftop, expected to yield 6.1 million kWh over 12 years.
• Continued coral maintenance and transplantation in Maldives, with a thriving coral nursery.

Social Achievements

• Implemented quarterly Safety Award day to celebrate safety milestones.
• Continued upskilling and reskilling programs covering 35% of workforce.
• Supported educational and training programs by local tertiary institutions.

Governance Achievements

• Zero incidents of non-compliance with social and economic laws and regulations.
• Zero incidents of corruption activities.

Climate Goals & Targets

Environmental Challenges

• Areas where targets were not met (specifics not detailed).
• Increased energy consumption due to continuous air-conditioning operation during handover phases in National Skin Centre and Grand Hyatt.
• Increased waste generation at Grand Hyatt due to demolition activities.
• Shortage of skilled labour impacting productivity.

Mitigation Strategies

• Working to attain targets for FY2024.
• Implementing water conservation measures.
• Monitoring and planning waste generation.
• Exploring adding batteries to solar energy systems in Maldives resorts and increasing solar capacity.

Supply Chain Management

Supplier Audits: 100% of new significant long-term suppliers screened using environmental and social criteria.

Responsible Procurement

• Evaluation of suppliers and subcontractors based on track record, workmanship, ISO certifications, GGBS certification, and safety performance.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards (Universal Standards 2021), SGX-ST Listing Rules 711A and 711B, UN SDGs

Certifications: ISO 14001:2015, SS ISO 14001:2015, ISO 45001:2018, ISO 9001:2015, SS ISO 9001:2015

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 3
• Goal 6
• Goal 7
• Goal 8
• Goal 9
• Goal 11
• Goal 12
• Goal 13
• Goal 14
• Goal 15
• Goal 16

Group's business focuses aligned with UN SDGs; contributions highlighted in the report.

Sustainable Products & Innovation

• Green concrete
• PPVC and PBU

Awards & Recognition

• The Edge Singapore Centurion Club (2019)
• BCA Construction Excellence Award for Parc Life Executive Condominium (2020)
• bizSAFE Star Certificate
• WSHC Workplace Safety and Health Performance Awards (WSHPA) for National Skin Centre (2021)
• World Luxury Hotel Award (2018) for Mercure Maldives Kooddoo Hotel
• ISO: 45001:2018 Certificate of Registration
• RoSpa Health and Safety Silver Award (2020)
• BCA Construction Excellence Award (Merit) for National Skin Centre (2023)
• BCA Green and Gracious Builder (GGBS) Award (Excellent) (2022)
• BCA Green Mark Award (Platinum) for Raffles Hospital Extension (2017)
• World Luxury New Hotel Awards (2020) for Pullman Maldives Maamutaa Resort
• MOH Holdings Certificate of Appreciation as Main Builder for National Skin Centre (2023)
• RoSpa Health and Safety Gold Award (2022)
• BCA Green Mark Award (Platinum) for National Skin Centre (2020)
• World Luxury Restaurant Awards (2020) for Pullman Maldives Maamutaa Resort