Climate Change Data

Environmental Metrics

ESG Focus Areas

• Regulatory Compliance
• Food Safety
• Environmental Sustainability
• Social Contribution

Environmental Achievements

• Reduced carbon emission intensity by 1.0% from the previous year despite increased sales.

Social Achievements

• Invested an average of 12 hours of training on each operational staff.
• All employees are subject to an annual performance appraisal.

Governance Achievements

• Zero incidents of non-compliance with corporate governance rules and regulations.
• Zero incidents of bribery and corruption.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic temporarily closed offices and factories from late January 2020 to early February 2020.
• Potential for a second outbreak of COVID-19 in China and Japan impacting business.

Mitigation Strategies

• Implemented precautionary measures to protect employee health and safety.
• Formulated plans to ensure product safety, stable production, and smooth sales to ensure business continuity.

Supply Chain Management

Supplier Audits: Periodic supplier evaluation

Responsible Procurement

• Securing long-term supply of shiitake mushrooms
• Zero fertiliser use
• Natural irrigation
• Developing win-win partnerships with suppliers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards: Core Option, Sustainability Reporting Guide in Practice Note 7.6 of the SGX-ST Listing Manual

Certifications: ISO 9001:2008, ISO 22000:2005

Environmental Metrics

ESG Focus Areas

• Regulatory Compliance
• Food Safety
• Environmental Sustainability
• Social Contribution

Environmental Achievements

• Reduced carbon emission intensity by 15% from the previous year (49.8 kgCO2e per square meter of factory floor area)
• Reduced wastewater discharge intensity by 10% from the previous year (4.2 m3 per square meter of factory floor area)
• Reduced water consumption intensity by 9% from the previous year (5.0 m3 per square meter of factory floor area)

Social Achievements

• Provided 12 hours of training per operational staff
• 100% of employees subject to regular performance appraisal
• 62% female representation in the workforce

Governance Achievements

• Zero incidents of non-compliance with corporate governance rules and regulations
• Zero incidents of bribery and corruption

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting domestic and export sales
• Challenging market conditions in China and Japan

Mitigation Strategies

• Conserving cash resources for long-term sustainability
• Stringent cost management
• Building rapport with existing customers
• Actively marketing and promoting leasing of investment properties

Supply Chain Management

Supplier Audits: Periodic supplier evaluation

Responsible Procurement

• Securing long-term supply of shiitake mushrooms
• Zero fertiliser use
• Natural irrigation
• Developing win-win partnerships with suppliers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards: Core Option, Sustainability Reporting Guide in Practice Note 7.6 of the SGX-ST Listing Manual

Environmental Metrics

ESG Focus Areas

• Regulatory Compliance
• Food Safety
• Environmental Sustainability
• Social Contribution

Environmental Achievements

• Reduced carbon dioxide emission by 4% from the previous year (2,119 tonnes of CO2e)
• Installed 2 PV Systems generating 600-800 MWh per year
• 100% of wastewater discharge meets local emission standards

Social Achievements

• Average of 11 hours of training per operational staff
• All employees subject to annual performance appraisal
• 64% female representation in the workforce
• Zero fatalities and minimal non-severe injuries

Governance Achievements

• Zero incidents of non-compliance with corporate governance rules and regulations
• Zero incidents of bribery and corruption

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting business operations
• Rising geopolitical tensions dampening business sentiments
• Overall decline in overseas sales

Mitigation Strategies

• Expanding real estate leasing business in China
• Exercising cost control and improving revenue
• Conserving cash resources for long-term sustainability
• Stringent cost management and building rapport with major customers
• Actively marketing and promoting the leasing of investment properties

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Purchasing organic products from local suppliers (zero fertilizer)
• Utilizing natural irrigation systems
• Collaborating with Fujian Agricultural and Forestry University for improved mycelia

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Universal Standards 2021, SGX-ST Listing Manual Practice Note 7.6

Certifications: ISO 9001:2008, ISO 22000:2005

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Regulatory Compliance
• Food Safety
• Environmental Sustainability
• Social Contribution

Environmental Achievements

• Reduced carbon emission intensity by 45% (from 156 kgCO2e/m2 to 86 kgCO2e/m2), primarily due to decreased production activity and installation of PV systems.
• Reduced energy consumption by 11% (from 2,279 MWh to 2,016 MWh) in food processing.
• Reduced water consumption by 18% (from 220 liters to 181 liters) in food processing.
• Reduced wastewater discharge by 18% (from 187 liters to 153 liters) in food processing.
• 100% of wastewater discharge meets local emission standards.

Social Achievements

• Increased average training hours per operational staff to 14 hours (from 11 hours).
• 100% of employees subject to regular performance appraisal.
• 55% female representation in the workforce.
• Zero reported cases on fatality and injuries in the workforce.

Governance Achievements

• Zero incidents of non-compliance with corporate governance rules and regulations.
• Zero incidents of bribery and corruption.
• Implemented anti-corruption training for all employees annually and online training twice a year for office employees.

Climate Goals & Targets

Environmental Challenges

• Decreased production activity in FY2023 impacting overall performance.
• Potential impact on supply chains due to inclement weather conditions.
• Escalating geopolitical tensions impacting business sentiment and macroeconomic conditions.

Mitigation Strategies

• Strategic diversification of revenue streams through real estate leasing business.
• Rigorous cost control measures to optimize operational efficiency.
• Intensified revenue-enhancing strategies.
• Implementation of in-house facility management initiative as part of business continuity plan.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Close to 100% of purchases are from reliable local suppliers.

Climate-Related Risks & Opportunities

Physical Risks

• Inclement weather affecting supply chains.

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards 2021, Sustainability Reporting Guide in Practice Note 7.6 of the SGX-ST Listing Manual

Certifications: ISO 9001:2008, ISO 22000:2005

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Regulatory Compliance
• Food Safety
• Environmental Sustainability
• Social Contribution

Environmental Achievements

• Reduced GHG emissions in Food Processing to 238 tCO2e, a 75% decrease compared to FY2023
• Reduced electricity consumption in Food Processing to 1031 MWh, a 49% decrease compared to FY2023
• Reduced water consumption in Food Processing to 8,228 tonnes, a 95% decrease compared to FY2023
• 100% Wastewater discharge meets local emission standards

Social Achievements

• Zero reported cases on all types of injuries
• Zero reported cases on fatality in workforce
• Average training hours increased to 15 hours per operational staff

Governance Achievements

• Zero incidents of non-compliance with corporate governance rules and regulations
• Zero incidents of bribery and corruption

Climate Goals & Targets

Environmental Challenges

• Policy and regulatory changes related to climate issues
• Effects of climate change (rising temperatures, shifting precipitation)
• Brand image and reputation risk due to climate change impacts
• Extreme weather events (floods, heatwaves, typhoons)

Mitigation Strategies

• Regular equipment maintenance to enhance resilience against adverse environmental conditions
• Price comparisons to select suitable suppliers and minimize costs
• Regular communication with intermediary companies to ensure product/service alignment with market prices
• Close monitoring of weather conditions and implementation of reinforcement measures for outdoor equipment
• Advanced cooling systems, beverages, and medical supplies for employee well-being
• Regular communication with tenants and staff through WeChat

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• 100% purchases from local suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (floods, heatwaves, typhoons)

Transition Risks

• Policy and regulatory changes
• Effects of climate change (rising temperatures, shifting precipitation)
• Brand image and reputation risk

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards: Core Option, TCFD recommendations, SGX-ST Practice Note 7.6 Sustainability Reporting Guide

Certifications: ISO 22000:2018 (Food Safety Management System)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 3: Good Health and Well-being
• Goal 5: Gender Equality
• Goal 12: Responsible Consumption and Production
• Goal 13: Climate Action

Detailed explanations provided in the report (Page 14)

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed