Micro-Mechanics (Holdings) Ltd.
Climate Impact & Sustainability Data (2020)
Reporting Period: 2020
Environmental Metrics
Total Energy Consumption:8,843,412 kWh/year
ESG Focus Areas
- Economic Performance
- Training and Education
- Occupational Health & Safety
- Diversity and Equal Opportunity
- Energy
- Local Community
- Materials
- Anti-corruption
- Socioeconomic compliance
- Supplier Environmental Assessment
- Supplier Social Assessment
Social Achievements
- Provided personal protection equipment (N95 masks) to frontline police in Malaysia.
- Two teams from Philippines office participated in separate blood donation exercises for Red Cross.
Governance Achievements
- Singapore plant operations re-confirmed as conforming to Anti-Bribery Management System standard ISO37001:2016.
- Singapore plant operations renewed Business Continuity Management System standard ISO22301:2012 certification.
- Completed first Director Peer Evaluation.
- Continued announcing quarterly financial results via SGXnet.
Climate Goals & Targets
Environmental Challenges
- COVID-19 pandemic caused temporary closures and reduced workforce at various manufacturing facilities.
- Supply chain disruptions and government restrictions due to COVID-19.
- Possibility of positive COVID-19 tests resulting in factory shutdowns.
- Earthquake risk at US facility (uninsured).
Mitigation Strategies
- Implemented employee and visitor health screening, limited travel, and activated business continuity plans.
- Implemented extensive safety protocols (masking, social distancing, cleaning) at all facilities.
- Adjusted capital expenditure timing.
- Implemented automation to improve operational capabilities.
- Employee education and training programs to minimize earthquake damage.
Supply Chain Management
Responsible Procurement
- Requires suppliers to adhere to quality standards and sustainability practices.
- Requires COC, TSS, and SDS documentation for direct material suppliers.
- Encourages suppliers to adopt RBA principles.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Standards – “Core” option
Certifications: ISO 37001:2016 (Anti-Bribery Management System), ISO 22301:2012 (Business Continuity Management System)
Awards & Recognition
- Over 30 awards for corporate governance, quality of disclosure, transparency, and investor relations.
- Best CEO Award (2018)
- Singapore Corporate Governance Award (Small Cap) (2019, 2018, 2017, 2016)
- Shareholder Communications Excellence Award (Small Cap) (2019, 2018, 2017)
- Singapore Corporate Governance Award (Information Technology) (2017)
- Most Transparent Company (Information Technology) (2016)
- Most Transparent Company (Mainboard Small Caps) (2015, 2011, 2010, 2009, 2008)
- Corporate Governance Award (Sesdaq) (2006)
- Most Transparent Company (Sesdaq) (2005)
- Best for Shareholders’ Rights and Equitable Treatment in Singapore (2010, 2009)
- Asia 200 Best Under A Billion Companies (2006)
- Productivity Award (2018)
- Singapore Productivity Awards (2017)