Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Energy Efficiency
• Water Use Reduction
• Waste Reduction
• Diversity and Equal Opportunity
• Training, Development and Talent Retention
• Human Rights and Labour Management
• Health and Safety
• Economic Performance
• Ethical Business Practices
• Compliance
• Anti-Corruption

Environmental Achievements

• Generated 12,279,203 MJ of renewable solar energy, avoiding approximately 7,274 tonnes of CO2 emissions.
• Reduced overall Scope 1 and Scope 2 emissions by 6% (from 14,578 tCO2e to 13,755 tCO2e) in 12M-Mar2020 compared to the previous year.
• Yoma Central reused 117,236 tonnes of waste and recycled 773 tonnes of waste in 12M-Mar2020.
• Reduced non-hazardous waste disposed in landfill by 60% (from 5,704 tonnes to 2,330 tonnes) in 12M-Mar2020 compared to FY2019.
• Composted 30 tonnes of waste in FP2020.

Social Achievements

• Increased headcount by 30% from 4,026 to 5,238 employees in FP2020.
• Achieved 86% employee satisfaction.
• Rolled out the Anargat Program (Future Program) in January 2021 to address employee concerns and improve wellbeing.
• Implemented a maternity leave policy offering longer leave options and guaranteed employment.
• 11,592 volunteer hours completed by employees in FP2020.
• Supported 37 projects through Wave Money, including social security payments, loan disbursements, and cash transfers.

Governance Achievements

• Maintained ranking within the top 5% of listed companies on the Singapore Governance and Transparency Index 2020.
• No significant fines or non-monetary sanctions for non-compliance with environmental laws or regulations in FP2020.
• 80% of managers completed respectful workplace training.
• 13% of new hires received training on Corporate Governance, Operational Compliance and Code of Conduct in 12M-Mar2020.

Climate Goals & Targets

Environmental Challenges

• Data limitations in accurately reporting climate impact due to ongoing improvements in data collection methodologies.
• Challenges related to water usage data collection due to Myanmar's developing infrastructure.

Mitigation Strategies

• Working with dedicated sustainability staff to improve data collection processes.
• Striving to include additional water usage data in future reports as Myanmar's infrastructure improves.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Implementing procurement guidelines to reduce waste generation.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards: Core option, Singapore Exchange (SGX-ST) Sustainability Reporting Guidelines

Certifications: IFC EDGE (Yoma Central)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 7 (Affordable and Clean Energy)
• SDG 8 (Decent Work and Economic Growth)
• SDG 9 (Industry, Innovation and Infrastructure)
• SDG 11 (Sustainable Cities and Communities)
• SDG 13 (Climate Action)

The Group's businesses contribute to these SDGs through job creation, renewable energy generation, sustainable development projects, and community investment programs.

Sustainable Products & Innovation

• City Loft (affordable housing)
• Yoma Central (green design and construction principles)

Awards & Recognition

• Top 5% on the Singapore Governance and Transparency Index (SGTI) in 2020
• Earth Hour Hero Award – Earth Hour 2020
• Yoma Central awarded Best Mixed-Used Development and Best Retail Development by Property Guru Myanmar 2020 Property Awards

Environmental Metrics

ESG Focus Areas

• Economic Performance
• Ethical Business Practices
• Compliance
• Energy Efficiency and Climate Change
• Water Use and Reduction
• Waste and Effluent
• Diversity and Equal Opportunity
• Training and Development
• Talent Retention
• Human Rights and Labour Management
• Health and Safety

Environmental Achievements

• Yoma Micro Power completed 545 off-grid solar plants and 3 grid-tied solar plants, offsetting more than 5 million litres of diesel per year and preventing the equivalent of more than 13,000 tonnes of greenhouse gas emissions.
• Yoma Land partnered with Yoma Micro Power to install ground-mounted solar farms at Pun Hlaing Estate and StarCity, estimated to save almost 4,000 tonnes of CO2 emissions per annum.
• The Group generated approximately 603,090 MJ of renewable energy from solar panels installed at The Campus and StarCity.

Social Achievements

• 88% of Group employees were vaccinated against COVID-19 by 30 September 2021.
• Launched a mental health support program for employees.
• Implemented Anargat program to support female employees starting families, including extended maternity leave options and financial support.
• Approximately 43% of the Group’s workforce is female. As at 31 December 2021, female representation on Yoma Strategic’s Board of Directors is 22%.
• Various companies within the Group are partners of M2030, a movement to eliminate malaria in Asia by 2030.

Governance Achievements

• Maintained its ranking within the top 5% of listed companies for the SGX-ST Governance and Transparency Index.
• Implemented a robust risk management framework aligned with ISO 31000:2009 and the COSO Integrated Framework.
• Established a Whistle-blowing Policy.

Climate Goals & Targets

Environmental Challenges

• Substantial uncertainty in the economic and business environment in Myanmar since February 1st, 2021, impacting revenue and profits.
• COVID-19 pandemic and its various waves, disrupting operations and creating unforeseen challenges.
• Dampened consumer sentiment and spending, affecting Yoma F&B and Yoma Motors.
• Delays in the completion of the Yoma Central Project due to construction suspension.

Mitigation Strategies

• Implemented cost reduction initiatives, reducing fixed staff costs by more than 60%.
• Deferred non-essential operating and capital expenditures.
• Paid down debt and revised principal and interest payment schedules.
• Focused on strengthening core businesses (Yoma Land and Wave Money).
• Rationalised Yoma F&B and Yoma Motors platforms.
• Developed alternative sourcing strategies.
• Transitioned from expatriates to local managers.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: UN Global Compact

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 7
• Goal 8
• Goal 13

The Group’s businesses provide a total of approximately 3,700 jobs to local staff in Myanmar. Wave Money improves financial inclusion. The heavy equipment business aims to help farmers improve crop productivity.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate Change
• Energy and Water Use
• Waste & Effluents
• Training, Development & Talent Retention
• Labour Management Relations
• Child Labour
• Occupational Health & Safety
• Local Communities
• Customer Privacy
• Customer Health & Safety
• Anti-Corruption
• Compliance, Regulatory Governance
• Direct Value Generated

Environmental Achievements

• Significantly reduced GHG emissions intensity from 0.2876 tCO2e/US$’000 in FP2023 to 0.07381 tCO2e/ US$’000 in FY2024
• Reduced energy intensity from 2,111.45 MJ/US$’000 in FP2023 to 851.82 MJ/ US$’000 in FY2024
• StarCity recycled 35 tonnes of waste, avoiding approximately 102.9 metric tonnes of CO2e emissions and generating US$5,356 from recycling
• Campus recycled 2.5 tonnes of waste, avoiding approximately metric tonnes of CO2e emissions and generating US$261 from recycling
• Avoided the release of approximately 9,306 tCO2e annually through a company transport programme
• Saved over 46,604 sheets of A4 paper, or over 27,962.4 kg of carbon footprint by switching to digital forms

Social Achievements

• Zero recorded work-related injuries for FY2024
• 3,906 hours of volunteer work
• 35,620 training hours in 12M-Mar2024 (average 7.51 hours per employee)
• Launched the “Pathway to Success Programme” providing insights and experiences to aspiring professionals
• Implemented Anargat Programme supporting working mothers with 20 weeks of paid maternity leave and MMK 700,000 financial support
• Organised Yoma Family Day with over 4,000 employees and their family members

Governance Achievements

• Achieved one training/refresher session per quarter on the Code of Conduct and Anti-Bribery and Corruption Policy for targeted audience
• In the top 5% of the Singapore Governance and Transparency Index (“SGTI”) in 2022
• Won the Best Investor Relations (Silver Award) and Best Annual Report (Silver Award) at the Singapore Corporate Awards

Climate Goals & Targets

Environmental Challenges

• High staff turnover due to Myanmar’s conscription law
• Unreliable electricity supply in Myanmar impacting operational costs
• Challenges in accurately reporting climate impact due to data limitations
• Data limitations in accurately tracking water usage due to lack of water meters in Myanmar
• Regulatory changes and stricter environmental requirements increasing compliance burdens

Mitigation Strategies

• Created job opportunities for local communities through various initiatives, including the SISU taskforce
• Investing in solar energy systems and promoting energy-efficient practices across business units
• Engaging dedicated sustainability teams to enhance data collection processes
• Exploring the installation of water meters and expanding data collection capabilities
• Legal and compliance teams updating the Board and senior management on upcoming regulatory changes

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Pre-agreement contracts with suppliers for materials
• Agreements with suppliers regarding data privacy
• Procurement guidelines promoting prevention, reduction, recycling, and reuse

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Stricter regulations (carbon taxes, import limitations)
• New technologies requiring cost outlay

Opportunities

• Implementing alternative energy sources
• Carbon credit programmes
• Leveraging alternative energy sources (solar, biofuels)

Reporting Standards

Frameworks Used: GRI Standards 2021, TCFD framework, UN SDGs

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 1: No Poverty
• Goal 2: Zero Hunger
• Goal 3: Good Health and Well-being
• Goal 4: Quality Education
• Goal 5: Gender Equality
• Goal 7: Affordable and Clean Energy
• Goal 8: Decent Work and Economic Growth
• Goal 11: Sustainable Cities and Communities
• Goal 12: Responsible Consumption and Production
• Goal 16: Peace, Justice and Strong Institutions

Contributions outlined in the report for each SDG

Sustainable Products & Innovation

• City Loft affordable housing
• Estella eco-friendly townhouses
• ARA modern living concept

Awards & Recognition

• Best Investor Relations (Silver Award)
• Best Annual Report (Silver Award)
• Developer of the Year and Green Technology Initiative of the Year for Estella Townhouses

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance
• Cultural Heritage

Environmental Achievements

• Not disclosed

Social Achievements

• Provided a severance package equal to six months of pay to employees of Grand Mee Ya Hta Executive Residence.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Potential impacts on ambient air quality, noise and vibration, water quality, soil and groundwater, waste, landscape and visual, traffic and health and safety during construction and operation.
• Management of hazardous materials (asbestos, lead paint, etc.) in existing buildings.

Mitigation Strategies

• Implementation of an Environmental and Social Management Plan (ESMP) with mitigation measures for each potential impact.
• Hazardous Materials Assessment and Exposure Control Plans for asbestos and SMF removal.
• Waste management plan including recycling and disposal of hazardous waste.
• Traffic management plan to mitigate construction and operational traffic impacts.
• Health and safety guidelines and training for workers.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Flooding

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: ADB Safeguards Policy Statement (2009), IFC Performance Standards

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed