Climate Change Data

Environmental Metrics

ESG Focus Areas

• Fuel Efficiency
• GHG Emissions
• Health and Safety
• Training and Development
• Legal & Regulatory Compliance

Environmental Achievements

• Reduced office footprint from more than 16,000 square feet to less than 7,000 square feet and Tuas warehouse footprint from more than 240,000 square feet to 150,000 square feet.
• Purchased 3 new Euro 6 fleet trucks and leased 5 new Euro 6 trucks as part of fleet refresh program, with approximately 86% of the Singapore fleet being Euro 4 or higher.
• Maintained zero incidents of non-compliance with environmental laws and regulations, oil spills, flaring, and noise levels above 85 decibels.

Social Achievements

• Singapore Logistics received certification for ISO 9001:2015 and ISO 14001:2015 and BizSafe Star (equivalent to Level 5).
• Provided 34 training courses (6 internal, 28 external) to employees.
• Maintained zero high consequence or fatal injuries for employees and subcontracted workers in both Oil & Gas and Logistics.

Governance Achievements

• Refreshed approach to managing and governing sustainability-related risks and opportunities, identifying functional champions reporting to Senior Management.

Climate Goals & Targets

Environmental Challenges

• High employee turnover rate for employees with less than one year of service.
• Potential environmental risks associated with Oil & Gas operations (oil spills, flaring, noise pollution).

Mitigation Strategies

• Developing a new vision and core values, reviewing work schedules and resourcing adequacy, strengthening next-level leadership to be effective people managers.
• Implementing ISO 14000 systems, regular monitoring of environmental impact parameters, and submitting reports to local regulators.
• Using a precautionary approach to environmental management, including oil spill protection measures and noise level monitoring.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards: Core option

Certifications: ISO 9001:2015, ISO 14001:2015, BizSafe Star

Environmental Metrics

ESG Focus Areas

• Environmental Stewardship
• Occupational Health and Safety
• Training and Education
• Community
• Anti-corruption

Environmental Achievements

• Reduced diesel consumption in Indonesia significantly due to increased utilization of external vendors, decline in customer volumes, greater trip consolidation, and mix of customer destinations.
• Fleet refreshment program phasing in trucks with more environmentally-friendly engines (Euro 6). In Singapore, Euro 2 trucks comprised only 21% of the total fleet, with Euro 4 or higher forming 79%.
• Improved energy efficiency at offices and warehouses; new warehouse equipped with energy-efficient lighting.

Social Achievements

• Continued to encourage all employees to treat workplace health and safety as a personal and collective responsibility.
• Received ISO 9001:2015 and ISO 14001:2015 certifications (Logistics business in Singapore).
• Certified as BizSafe Star (Level 5).
• Offered 2,289 training hours to employees (average of ~6 hours per employee).

Governance Achievements

• Established an anti-corruption policy; all employees declared knowledge of the policy.
• No incidence of anti-corruption or bribery reported.
• Whistleblowing policy in place.

Climate Goals & Targets

Environmental Challenges

• Significant reliance on diesel for transportation (logistics) and natural gas for power generation (oil and gas).

Mitigation Strategies

• Fleet refreshment program.
• Car tracking software to monitor fleet and driver behavior.
• Energy efficiency improvements in offices and warehouses.
• Regular assessment of fuel consumption and CO2 emissions.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards 2016: Core Option

Certifications: ISO 9001:2015, ISO 14001:2015, BizSafe Star (Level 5)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Achieved a two-leaf label from Green Freight Asia for sustainability efforts in Singapore logistics.
• Refreshed Euro 2, 4, and 5 engine trucks to Euro 6 trucks in Singapore, meeting stricter EU emission standards.

Social Achievements

• Certified for ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 in Singapore logistics.
• Achieved BizSafe Star (equivalent to Level 5) certification in Singapore logistics.
• Presented Long Service Awards to 34 employees.

Governance Achievements

• Implemented an anti-corruption policy with annual declarations from employees.
• Established a sustainability governance structure to manage sustainability-related risks and opportunities.

Climate Goals & Targets

Environmental Challenges

• Slight increase in Scope 1 emissions (18%) due to increased transport activity in Indonesia and disruptions from the COVID-19 pandemic.

Mitigation Strategies

• Fleet refreshment program with more fuel-efficient trucks.
• Car tracking software to monitor fleet behavior and reduce idling.
• Eco-driving training for drivers.
• Energy-efficient lighting in new warehouse.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards 2016: Core Option

Certifications: ISO 14001, ISO 9001, ISO 45001, BizSafe Star

Awards & Recognition

• Two-leaf label from Green Freight Asia

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced Scope 1 GHG emissions (diesel) by 6% compared to FY2020, totaling 5,140 tonnes CO2e.
• Upgraded trucks to Euro 6 standards, with Euro 2 trucks comprising only 7.5% of the fleet in Singapore.
• Implemented energy-efficient lighting in Tuas warehouse.
• Obtained the two-leaf label certificate from Green Freight Asia.

Social Achievements

• Maintained a low rate of 6.68 recordable work-related injuries per 1,000,000 hours worked with zero fatalities and high-consequence injuries.
• Achieved an average of 3.07 training hours per employee.
• Provided long service awards to 19 employees and care packs to all employees.

Governance Achievements

• Zero cases of anti-corruption or bribery reported.
• Robust governance structure with Sustainability Functional Champions engaging decision-makers in implementing ESG initiatives.
• Implemented a Group-wide Enterprise Risk Management (ERM) program.

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions and labor crunch due to the COVID-19 pandemic.

Mitigation Strategies

• Maintained business resilience, achieving a revenue of S$39.5 million.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards 2016: Core Option

Certifications: ISO 14001:2015, ISO 45001:2018, BizSafe Star (Level 5)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Upgraded trucks to Euro 6 standard, reducing the percentage of Euro 2 trucks in Singapore to 8%
• Introduced electric vans
• Maintained ISO 14001:2015 Environmental Management System
• Awarded the two-leaf label certificate by Green Freight Asia

Social Achievements

• Maintained zero work-related fatalities and high-consequence work-related injuries
• Reduced recordable work-related injuries compared to FY2021
• Offered various benefits to employees, including parental leave and enhanced GHS/GPA coverage

Governance Achievements

• Established a strong sustainability governance structure with Sustainability Functional Champions
• Implemented an enterprise risk management (ERM) program
• Upholds a zero-tolerance policy towards all forms of corruption
• All Board Members completed training on sustainability matters

Climate Goals & Targets

Environmental Challenges

• Weak global economic outlook due to complex international situation and economic pressures
• Climate change risks (extreme weather, regulatory changes, market shifts)
• Increased operating costs due to adverse weather conditions, regulatory compliance, and transition to electric vehicles

Mitigation Strategies

• Fleet renewal program to improve fuel efficiency and reduce emissions
• Introduction of electric vehicles
• Energy efficiency initiatives in offices and warehouses
• ERM program to identify, assess, manage, and monitor material ESG risks
• Actions to reduce and eliminate the impact of climate-related risks and seize climate opportunities

Climate-Related Risks & Opportunities

Physical Risks

• Increased severity of extreme weather events

Transition Risks

• Implementation of national decarbonisation strategies
• Enhanced emissions-reporting obligations
• Transition to Electric vehicle fleet
• Increased price of fossil fuels
• Shifts in customer preferences

Opportunities

• Development and/or expansion of low-emission goods and services
• Use of more efficient modes of transport
• Use of lower-emission sources of energy

Reporting Standards

Frameworks Used: GRI Standards 2021, TCFD recommendations

Certifications: ISO 14001:2015, ISO 45001:2018, BizSafe Star status (Level 5), TradeFIRST Enhanced band, STP certification

Sustainable Products & Innovation

• Electric Vehicles

Awards & Recognition

• Two-leaf label certificate by Green Freight Asia

Environmental Metrics

ESG Focus Areas

• Economic
• Environmental
• Social
• Governance

Environmental Achievements

• Recertified Environmental Management System under ISO 14001:2015
• Maintained Green Freight Asia (GFA) level two label certificate
• Progressed in replacing diesel forklifts with electric ones

Social Achievements

• Maintained zero work-related fatalities and high-consequence work-related injuries
• Offered various employee benefits including parental leave, group term life insurance, and enhanced medical coverage
• Renewed ISO 45001:2018 certification in Occupational Health and Safety Management Systems and achieved BizSafe Star status

Governance Achievements

• All Board Members completed sustainability training as prescribed by SGX-ST
• Implemented an Enterprise Risk Management (ERM) program to identify and manage material ESG risks
• No reported incidents of corruption or whistle-blowing matters

Climate Goals & Targets

Environmental Challenges

• Challenging global economic landscape
• Increased severity of extreme weather events
• Implementation of national decarbonisation strategies
• Enhanced emissions-reporting obligations
• Transition to Electric vehicle fleet
• Increased price of fossil fuels
• Shifts in customer preferences to a greener model

Mitigation Strategies

• Adapting strategy to meet challenges and stabilize cooperation with customers
• Fleet refresh program upgrading trucks to Euro 6 standard
• Increased use of biodiesel
• Implementation of Electric Vehicles (EVs)
• Broadened energy data collection efforts
• Implementing energy efficiency measures

Climate-Related Risks & Opportunities

Physical Risks

• Increased severity of extreme weather events

Transition Risks

• Implementation of national decarbonisation strategies
• Enhanced emissions-reporting obligations
• Transition to Electric vehicle fleet
• Increased price of fossil fuels
• Shifts in customer preferences to a greener model

Opportunities

• Development and/ or expansion of low-emission goods and services
• Use of more efficient modes of transport
• Use of lower-emission sources of energy

Reporting Standards

Frameworks Used: GRI Standards 2021, SGX-ST Listing Rules 711A and 711B, TCFD

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

Awards & Recognition

• Silver medal by EcoVadis