Climate Change Data

Environmental Metrics

ESG Focus Areas

• Customer Experience
• Economic
• Environmental
• Social
• Governance

Environmental Achievements

• Reduced GHG emissions intensity from 0.05 tonnes CO2e/revenue S$’000 in FY2022 to 0.06 tonnes CO2e/revenue S$’000 in FY2023 (Note: denominator changed to align with industry practices)
• Reduced water consumption intensity from 1.54 m3/revenue S$’000 in FY2022 to 1.11 m3/revenue S$’000 in FY2023
• Reduced effluent intensity from 0.86 m3/revenue S$’000 in FY2022 to 0.62 m3/revenue S$’000 in FY2023
• 100% of used cooking oil properly disposed of (FY2022: 100%)
• Installation of solar panels at Singapore plant to generate clean energy

Social Achievements

• Zero food safety incidents resulting in regulatory non-compliance and penalty (FY2022: zero)
• Zero incidents of non-compliance concerning product labeling (FY2022: zero)
• Zero workplace fatalities, zero high-consequence work-related injuries, 1 recordable work-related injury (FY2022: 3), and zero work-related ill-health cases (FY2022: zero)
• Zero incidents of unlawful discrimination against employees (FY2022: zero)
• Increased average training hours per employee from 9 hours in FY2022 to 16 hours in FY2023
• Reduced employee turnover rate from 20% in FY2022 to 17% in FY2023
• Collaboration with The Food Bank Singapore Ltd to donate 4,354 kg of food to the needy
• Group-wide blood donation initiative

Governance Achievements

• Zero whistle-blowing incidents and serious offenses (including corruption) raised (FY2022: zero)
• Zero incidents of non-compliance with laws and regulations resulting in fines and/or non-monetary sanctions (FY2022: zero)

Climate Goals & Targets

Environmental Challenges

• Lower demand for retail products due to high interest rates, inflationary environment, and appreciation of the Singapore dollar
• Temporary shutdown of Indonesian manufacturing plant due to African Swine Fever outbreak and raw material shortage
• Increased market competition and weaker consumer spending power in Malaysia
• Higher unit cost of production due to raw materials, labor, energy, and depreciation costs

Mitigation Strategies

• Conserving cash resources towards strategic priorities
• Re-assessing business model and driving improved efficiency
• Fine-tuning multi-brand, multi-product portfolio
• Cost optimization and resource deployment
• Selective growth in overseas markets and re-balancing product mix
• Tightly managing cost base to mitigate inflationary cost pressures

Supply Chain Management

Supplier Audits: Regular assessment for existing and new suppliers

Responsible Procurement

• Sourcing quality raw materials from competent and reliable suppliers
• Procuring FSC-certified carton boxes

Climate-Related Risks & Opportunities

Physical Risks

• Weather disruption
• Rising temperature
• Global warming
• Water scarcity

Transition Risks

• Changes in policy and regulations (e.g., carbon tax)
• Shifting consumer preferences for sustainable products

Opportunities

• Development of energy-efficient products
• Development of plant-based products

Reporting Standards

Frameworks Used: GRI Standards, UN Sustainable Development Goals (SDGs), TCFD

Certifications: FSSC 22000, Singapore Food Agency (SFA) Grade ‘A’, Halal certification, Vegan Trademark (selected products), EU food establishment approval (GB and EL plants)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 3
• Goal 6
• Goal 7
• Goal 8
• Goal 10
• Goal 11
• Goal 12

See Section 9 of the Sustainability Report

Sustainable Products & Innovation

• ANEW (plant-based, ready-to-eat brand)

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Economic
• Environmental
• Social
• Governance

Environmental Achievements

• 100% of waste oil disposed through licensed oil collector
• Reduced GHG emissions intensity (tonnes CO2e/revenue S$’000) from 0.054 to 0.058
• Reduced effluent generated intensity (m3/revenue S$’000) from 0.56 to 0.28

Social Achievements

• Maintained zero incidents of unlawful discrimination against employees
• Improved average training hours per employee from 16 to 21
• Contributed food products worth S$14,000 to families and individuals under ‘The Helping Hand’ initiative

Governance Achievements

• Maintained zero serious offences
• Maintained zero incidents of significant fines or non-monetary sanctions for non-compliance with applicable laws and regulations

Climate Goals & Targets

Environmental Challenges

• Increase in GHG emissions intensity due to a change in product mix with the launch of new products
• Increase in water consumption intensity due to a change in product mix with the launch of new products

Mitigation Strategies

• Developing mechanisms to track other categories of Scope 3 GHG emissions
• Developing a climate change transition plan focused on reduce, produce, and neutralize strategies
• Implementing energy efficiency measures (replacing AC units, maintenance, cleaning filters, greener work practices)
• Installing solar panels to generate clean energy
• Exploring REC and carbon credits to offset unavoidable residual GHG emissions
• Proactive measures in production process (reminding employees to dispose contaminants properly, increased grease trap maintenance)

Supply Chain Management

Supplier Audits: Regular assessment for existing and new suppliers

Responsible Procurement

• Assessment of existing and new suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Increased severity of extreme weather events

Transition Risks

• Enhanced GHG emissions-reporting obligations
• Changes in customer preferences

Opportunities

• More efficient resource deployment across the value chain
• Expanding product and service offerings with lower carbon footprint (plant-based solutions, eco-friendly packaging)

Reporting Standards

Frameworks Used: GRI Standards, TCFD

Certifications: FSSC 22000, Singapore Food Agency (SFA), Halal, Vegan trademark (selected products), Approved European Union (EU) food establishments

Third-party Assurance: Internal review; working towards external assurance in the future

UN Sustainable Development Goals

• Goal 3
• Goal 6
• Goal 8
• Goal 11
• Goal 12
• Goal 13
• Goal 16

The report details how various initiatives contribute to these goals.

Sustainable Products & Innovation

• Plant-based food products

Awards & Recognition

• Not disclosed