Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social

Environmental Achievements

• Implemented energy-saving initiatives to reduce carbon footprint
• Launched waste management policies including paper recycling and turning off idle equipment

Social Achievements

• Provided various staff activities to enhance employee sense of belonging and create a friendly working environment
• Established policies focusing on a safe and healthy workplace, including training on risk associated with goods handling and posting safety warnings
• Implemented various training programs for employee development

Climate Goals & Targets

Environmental Challenges

• Stiff competition in public residential projects in Singapore
• Drastic changes in the PRC solar power business environment, including tariff adjustments and quota allocation bidding
• Challenges in the solar power business due to tumbling installation costs and intense market competition
• Keen competition and inflating costs
• Uncertainty of the solar power business in the PRC

Mitigation Strategies

• Leveraging resources to improve profitability and controlling operating costs
• Exploring opportunities in other new business areas and expanding through strategic acquisition or alliance
• Implementing stringent budget control management and detailed project planning to avoid delays and cost overruns
• Developing and maintaining long-term customer relationships by advancing skills and technology and enhancing supply chain quality

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental
• Social

Environmental Achievements

• Reduced CO2 emissions from 20.0 tonnes in 2023 to 23.1 tonnes in 2024 (Note: This is an increase, not a reduction. The report does not show a clear reduction in emissions.)
• Implemented green office practices such as double-sided printing, using recycled paper, and reducing energy consumption.

Social Achievements

• No work-related fatalities recorded in the past three years.
• No injury cases or loss of man-days during the years ended 30 June 2024 and 2023.
• 96% of general staff and 27% of management attended training programs in 2024.

Governance Achievements

• Complied with all applicable code provisions of the CG Code except for two deviations (Chairman and CEO, and insurance cover for legal action against directors).

Climate Goals & Targets

Environmental Challenges

• Compressed gross profit margin in electrical distribution system businesses.
• Risks associated with extreme weather events disrupting operations.
• Rising temperatures impacting worker health and safety in outdoor projects.
• Potential changes in PRC government policies towards renewable energy.

Mitigation Strategies

• Stringent budget control management and detailed project planning to avoid delays and cost overruns.
• Additional resources spent on monitoring health and safety risks for workers in hot climates, including more frequent breaks and water provision.
• Developing solar power business to offer cleaner energy resources.
• Monitoring regulatory developments and obtaining expert legal advice.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• The Group encourages suppliers, business partners and their associates to follow the same standards of integrity and transparency.

Climate-Related Risks & Opportunities

Physical Risks

• Storms, floods, droughts, and heat waves

Transition Risks

• Changes in PRC government policies towards renewable energy

Opportunities

• Development of solar power business

Reporting Standards

Frameworks Used: Appendix 27 Environmental, Social and Governance Reporting Guide

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed