Choo Chiang Holdings Ltd.
Climate Impact & Sustainability Data (2017, 2018, 2019, 2020, 2021, 2023)
Reporting Period: 2017
Environmental Metrics
ESG Focus Areas
- Environment
- Governance
- People
Environmental Achievements
- Worked with waste contractors on long-term no-waste ambition; reduced impact on natural environment through waste management and recycling of copper and paper; raised employee awareness on sustainable development.
Social Achievements
- Invested in employee training programs in new technology; launched internal training programs offering progression mobility; encouraged integration of safety and regular communication into daily work; 100% of employees received regular performance and career development reviews.
Governance Achievements
- Established a Sustainability Council and a Sustainability Working Group; implemented a robust governance framework; ensured compliance with relevant legislation, regulations, and codes of practice; conducted supplier assessments based on ISO standards.
Climate Goals & Targets
- Not disclosed
- Not disclosed
- Not disclosed
Environmental Challenges
- Not disclosed
Mitigation Strategies
- Not disclosed
Supply Chain Management
Supplier Audits: 100% of new suppliers in 2017 were screened using environmental criteria.
Responsible Procurement
- Initial screening for all new suppliers; assessment aligned with ISO or OHSAS standards; benchmarking against QMS-ISO 9001, H&S-OHSAS 18001, EMS-ISO 14001 or equivalent standards.
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: GRI Standards – Core Option
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2018
Environmental Metrics
ESG Focus Areas
- Economic
- Environmental
- Social
- Governance
Environmental Achievements
- Worked with waste contractors on long-term no-waste ambition; reduced impact on natural environment through efficient waste management and recycling; raised employee awareness on sustainable development.
Social Achievements
- Invested in employee trainings to promote professional and personal development; rewarded employees who uphold company values.
Governance Achievements
- Complied with the Code of Corporate Governance 2012; established a robust governance framework to ensure objectives are met.
Climate Goals & Targets
Environmental Challenges
- Road traffic safety risks across the supply chain.
Mitigation Strategies
- Established a health and safety committee; implemented a road safety policy; logged accidents to support employee recovery; provided health and safety training.
Supply Chain Management
Supplier Audits: 100% of new suppliers in 2018
Responsible Procurement
- Initial screening process for all suppliers aligning with ISO or OHSAS standards.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Standards: Core Option
Reporting Period: 2019
Environmental Metrics
ESG Focus Areas
- Economic Performance
- Environmental Performance
- Social Performance
- Governance
Environmental Achievements
- 100% of new suppliers were assessed using environmental criteria and passed the Group’s screening process.
Social Achievements
- Workplace injury rate and accident severity rate maintained below 2% and 0.05% respectively.
- 216 hours of training provided to all employees.
- Average training hours per employee increased by 5%.
Governance Achievements
- Full compliance with the Code of Corporate Governance issued by the Monetary Authority of Singapore.
Climate Goals & Targets
- Maintain 100% assessment for new suppliers.
- Maintain workplace injury rate at below 2% and accident severity rate at below 0.05%.
Environmental Challenges
- Road traffic safety risks across the supply chain.
- Two road accidents with non-serious injuries involving lorry drivers.
- Two minor workplace injuries.
Mitigation Strategies
- Established a health and safety committee.
- Longstanding road safety policy in place.
- Continued emphasis on managing workplace health and safety.
- Providing health and safety sessions internally.
Supply Chain Management
Supplier Audits: 100% of new suppliers
Responsible Procurement
- Initial screening process aligned with ISO or OHSAS standards.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Standards: Core option
Reporting Period: 2020
Environmental Metrics
ESG Focus Areas
- Economic Performance
- Environmental Performance
- Social Performance
- Governance
Environmental Achievements
- 100% of new suppliers in 2020 were screened using environmental criteria.
- Worked with waste contractors on long-term no-waste ambition, reducing impact through efficient waste management and recycling.
Social Achievements
- No workplace injury reported in FY2020.
- One traffic accident with non-serious injuries involving a Group driver.
- Provided lodging allowances and assistance for Malaysian staff during border closure.
- 764 hours of training provided to employees, exceeding the target of a 1% increase in average training hours per employee.
Governance Achievements
- Full compliance with the Code of Corporate Governance issued by the Monetary Authority of Singapore.
Climate Goals & Targets
Environmental Challenges
- Impact of Covid-19 pandemic on customer demand and revenue, requiring implementation of a Covid-19 business continuity plan.
- Road traffic safety risks across the supply chain.
Mitigation Strategies
- Implemented Covid-19 business continuity plan (BCP) including measures to keep employees safe (social distancing, staggered working hours, mandatory mask wearing, telecommuting).
- Provided lodging allowances and assistance for Malaysian staff.
- Established a health and safety committee to monitor and advise on occupational health and safety matters.
- Longstanding road safety policy in place.
Supply Chain Management
Supplier Audits: 100% of new suppliers assessed through environmental criteria and Group’s screening process.
Responsible Procurement
- Initial screening process for all suppliers aligned with ISO or OHSAS standards.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Standards: Core option
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Economic Performance
- Environmental Sustainability
- Social Responsibility
- Governance
Environmental Achievements
- Worked with waste contractors on long-term no-waste ambition; reduced impact on natural environment through efficient waste management and recycling of copper and paper; raised employee awareness on sustainable development.
Social Achievements
- Invested in employee training to promote professional and personal development; no staff retrenchment due to Covid-19; no pay cuts or unpaid leave; maintained a safe working environment with measures to mitigate Covid-19 risks.
Governance Achievements
- Established a Sustainability Council and Working Group; complied with the Code of Corporate Governance; maintained integrity, transparency, accountability, and discipline in all practices.
Climate Goals & Targets
Environmental Challenges
- Economic impact and uncertainty from the prolonged Covid-19 situation; supply chain disruptions due to Covid-19; road traffic safety risks associated with distribution operations.
Mitigation Strategies
- Implemented flexible working arrangements (staggered hours, work-from-home, split teams); encouraged hygiene practices, workplace cleanliness, and social distancing; provided masks and implemented daily sanitizing; worked closely with suppliers to minimize supply chain disruptions; established a health and safety committee; implemented road safety policies.
Supply Chain Management
Supplier Audits: 100% of new suppliers in 2021 were screened using environmental criteria (H&S - OHSAS 18001, QMS - ISO 9001, EMS - ISO14001 or equivalent).
Responsible Procurement
- Initial screening process for all suppliers aligned with ISO or OHSAS standards; close collaboration with suppliers to minimize supply chain disruptions from Covid-19.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Standards: Core option
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Economic
- Environmental
- Social
- Governance
Environmental Achievements
- Reduced electricity intensity from 0.0041 kWh/S$ in FY2022 to 0.0039 kWh/S$ in FY2023.
- Maintained water intensity below 0.00005 m3/S$ in FY2023.
- Achieved zero environmental non-compliance in FY2023.
- 100% of new suppliers in 2023 were screened using environmental criteria.
Social Achievements
- Provided 2,348 hours of training to employees in FY2023.
- Maintained workplace injury rate at below 2% and accident severity rate at below 0.05%.
Governance Achievements
- Complied with the Code of Corporate Governance issued by the Monetary Authority of Singapore.
- Zero incidents of breach of conflict-of-interest policy in FY2023.
Climate Goals & Targets
- Not disclosed
- Improve energy efficiency and reduce electricity intensity further.
- Enhance water conservation efforts.
- Continuously enhance environmental stewardship practices.
- Continuously enhance workplace safety measures.
- Maintain electricity intensity below 0.005 kWh/S$ in FY2024.
- Maintain water intensity below 0.00005 m3/S$ in FY2024.
- Maintain zero environmental non-compliance in FY2024.
- Maintain workplace injury rate at below 2% and accident severity rate at below 0.05% in FY2024.
- Maintain no incident of breach of conflict-of-interest policy in FY2024.
Environmental Challenges
- Climate-related risks such as extreme weather affecting delivery and staff health, equipment lifespan, and potential supply chain disruptions.
- Transition risks from increasing government regulations on energy efficiency, waste reduction, and sustainable sourcing.
- Reputational risks from growing stakeholder expectations regarding climate-related actions.
Mitigation Strategies
- Installing canopies on lorries, ensuring well-ventilated premises, regular vehicle maintenance, insurance coverage, and deploying air purifiers as needed.
- Staying informed about regulatory changes and adapting business practices.
- Building internal knowledge of climate-related risks, integrating them into business decisions, and communicating transparently to stakeholders.
- Investing in LED lighting, exploring solar rooftops, and considering electric vehicles to improve energy efficiency and reduce emissions.
- Encouraging resource reuse and transitioning to electronic formats to minimize waste.
Supply Chain Management
Supplier Audits: 100% of new suppliers screened in FY2023
Responsible Procurement
- Initial supplier screening process aligned with ISO and OHSAS standards.
Climate-Related Risks & Opportunities
Physical Risks
- Extreme heat and heavy rain affecting delivery and staff health, equipment lifespan.
- Weather changes affecting vehicle and equipment lifespan.
- Air pollution from haze affecting staff and customer health.
Transition Risks
- Regulatory and compliance changes impacting operations.
- Reputational risks from growing stakeholder preferences.
Opportunities
- Improving energy efficiency to reduce operating costs.
- Waste reduction to minimize environmental impact.
Reporting Standards
Frameworks Used: GRI Standards (GRI Universal Standards 2021), TCFD