Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Implemented 3R (Reduce, Reuse, Recycle) principles across operations, reducing paper consumption and energy usage.
• ISO 14001:2015 certification for Environmental Management System.

Social Achievements

• Employee engagement through meetings, social gatherings, sports, and team-building workshops.
• OHSAS 18001:2007 and ISO 45001:2018 certifications for Occupational Health and Safety Management System.
• Introduced Anti-Bribery and Corruption Management System.

Governance Achievements

• Established a clear division of responsibilities at the head of the company.
• Implemented a Code of Conduct for all Directors and employees.
• Established a Whistleblowing Policy.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic causing disruptions and restrictions in various operating countries, leading to project delays, supply chain disruptions, and manpower movement restrictions.
• Reduced fabrication load in UAE facilities due to project suspensions.
• Delays in project progress and increased receivable turnover in KSA due to the COVID-19 pandemic.

Mitigation Strategies

• Adopted stringent safety measures to ensure the safety and well-being of employees and stakeholders.
• Implemented Standard Operating Procedures and safety norms for COVID-19.
• Successfully delivered three major Offshore Wind projects in Europe.
• Completed major structural steel works for Merdeka PNB 118 Tower.
• Made inroads into the North Africa region by securing a 55-storey tower project in Morocco.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Bursa Malaysia Sustainability Reporting Framework, GRI Sustainability Reporting Standards

Certifications: ISO 14001:2015, OHSAS 18001:2007, ISO 45001:2018, ISO 9001:2015

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Practises the concept of 3R (Reduce, Reuse and Recycle) in all activities and operations.
• Eversendai Environmental Management System has been certified to the international standard of ISO 14001:2015 and has been recertified until 2023.

Social Achievements

• Employee engagement through meetings, social gatherings, sports and team building workshops.
• Eversendai Occupational Health and Safety Management System has been certified to the international standards of OHSAS 18001:2007 and ISO 45001:2018.

Governance Achievements

• Established an Anti Bribery and Corruption Management System.
• Implemented a Whistleblowing Policy.

Climate Goals & Targets

Environmental Challenges

• Slowdown in key markets.
• Lingering COVID-19 related disruptions resulted in low fabrication capacity utilization (30%).
• Pandemic related productivity and supply chain disruptions impacted projects.
• Increased losses due to aftereffects of the COVID-19 pandemic resulting in impairment of contract assets and receivables.

Mitigation Strategies

• Comprehensive internal review of cost estimates and margins of all ongoing projects.
• Solidifying the business and concentrating on geographies with a strong competitive advantage.
• Embarked on a comprehensive and thorough internal review of cost estimates and margins of all the ongoing projects to ensure prudent recognition of profits, and further strengthening operational and management controls.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Bursa Malaysia Sustainability Reporting Framework, GRI Sustainability Reporting Standards

Certifications: ISO 14001:2015, OHSAS 18001:2007, ISO 45001:2018, ISO 9001:2015