Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economic
• Social
• Governance
• Environmental
• Health and Safety

Environmental Achievements

• Reduced water consumption by 32.1%
• Reduced electricity consumption by 26.2%
• Reduced water consumption cost by 28.2%
• Reduced electricity consumption cost by 16.2%
• Recycled 239kg of paper (FY2018), 820kg (FY2017)
• Reduced safety and accident severity rate by 33.3%
• Maintained average EHS training hours per employee at 7.6 hours

Social Achievements

• Increased total training hours by 16.7% to 11,997 hours
• Increased average training hours per employee by 18.8% to 11.4 hours
• Launched first employee satisfaction survey
• Adopted Fareclock application for employee records
• Implemented employee self-service system
• Organized annual appreciation events and team building activities

Governance Achievements

• Implemented Performance Point System (PPS) within code of conduct for employees
• Adhered strictly to guidelines set by the Personal Data Protection Act (PDPA)
• No material non-compliance of regulatory requirements
• 9 incidents of environmental violations addressed through stepped-up environmental protection program

Climate Goals & Targets

Environmental Challenges

• Margin pressure due to competitive pricing environment
• Lower profit margin projects
• Rising direct operational costs
• Completion of airport and roadworks projects
• Strong competition in pricing for construction materials
• Lower demand from existing customers for construction materials
• Potential shortage of labor and increase in labor cost
• Inability to attract and retain key personnel
• Subject to regulations and guidelines imposed by various government and regulatory authorities
• Possibility of cost overruns

Mitigation Strategies

• Streamlining operations and improving order book quality
• Improving operational efficiencies and implementing key performance measurement tools
• Improving the quality of asphalt premix
• Streamlining processes and maximizing output of asphalt plant
• Seeking better pricing and improving utilization of asphalt plant
• Diversifying revenue sources and undertaking overseas projects
• Automating processes to increase productivity
• Implementing talent development initiatives
• Adopting a prudent approach and adapting to changes in the operating environment
• Extensive organizational restructuring in human resource management, strengthening accountability, optimizing asset utilization, enhancing management oversight and monitoring of project progress

Supply Chain Management

Responsible Procurement

• 100% local suppliers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards: Core Option

Certifications: IMS-ISO 9001, BS-OHSAS 18001, ISO 14001, Green And Gracious Builder Award, bizSAFE STAR

Sustainable Products & Innovation

• Recycled aggregates and asphalt

Awards & Recognition

• Green And Gracious Builder Award
• bizSAFE STAR
• Contractor Safety Recognition Award (Teacly (S) Pte. Ltd.)

Environmental Metrics

ESG Focus Areas

• Environmental, Health, and Safety (EHS)
• Human Capital and Innovation
• Business Resilience
• Governance

Environmental Achievements

• Achieved zero environmental violation incidents for 3 consecutive years.
• 19% decrease in GHG emission intensity
• 16% decrease in energy consumption
• 31% decrease in water consumption intensity

Social Achievements

• Average training hours per employee of 11.2 hours.
• Reduced more than 10% reportable and non-reportable incidents and injuries in the worksite.
• Increased 13% of female employees in the senior management team.
• Customer satisfaction index increased to 90%.
• Rework cases reduced by 20% compared to FY2022.

Governance Achievements

• Full adherence to Code of Corporate Governance and maintained zero whistleblowing incidents.
• Achieved zero environmental violation incidents for 3 consecutive years.
• Achieved zero complaints concerning breaches of customer privacy or losses of customer data in FY2023.

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions and inflationary pressures.
• Maintaining a balance between productivity and safety.

Mitigation Strategies

• Invested in various productivity tools (ERP system, CCTV monitoring).
• Engaged independent parties for comprehensive risk assessment.
• Implemented EHS Monitoring Plan, Safety Enhancement Programme (SEP), and Competency Skill Test for site supervisors.
• Regular meetings with project managers to monitor and improve resource utilization.

Supply Chain Management

Supplier Audits: Periodic evaluations; 83% of procurement budget allocated to local suppliers in FY2023.

Responsible Procurement

• Approved Vendor List (AVL) based on product quality, price, certifications, delivery, and responsiveness.
• Prioritization of vendors with environmental certifications (e.g., ISO 14001:2015).

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards: Core Option, SGX-ST Listing Manual (Practice Note 7F)

Certifications: Null

Third-party Assurance: Crowe Horwath First Trust Advisory Pte Ltd (review of internal controls related to sustainability reporting, not data verification)

UN Sustainable Development Goals

• Goal 3 (Good Health and Well-being)
• Goal 6 (Clean Water and Sanitation)
• Goal 7 (Affordable and Clean Energy)
• Goal 8 (Decent Work and Economic Growth)
• Goal 13 (Climate Action)

Initiatives aligned with SDGs through EHS programs, water conservation, energy efficiency, employee well-being, and GHG emission reduction.

Sustainable Products & Innovation

• Recycled aggregates and asphalt

Awards & Recognition

• Contractor Safety Recognition Award
• Safety Recognition Award
• Safety Accomplishment Award
• bizSAFE STAR
• BCA Green & Gracious Awards

Environmental Metrics

ESG Focus Areas

• Economic Sustainability
• Environmental Stewardship
• Social Responsibility
• Governance Excellence

Environmental Achievements

• Achieved an 8.9% reduction in carbon footprint compared to the previous year.
• Maintained zero environmental-related cases reported in FY2024.
• Maintained zero significant issues related to biodiversity in FY2024.
• Achieved cost savings of S$3,240,000 by opting for recycled materials for underground works over conventional sources in FY2024.

Social Achievements

• Certified under the Singapore Progressive Wage Mark.
• Signed the President’s Challenge Enabling Employment Pledge.
• Established a Grievances Policy to ensure a fair and transparent process for addressing concerns and grievances among employees.

Governance Achievements

• Full adherence to Code of Corporate Governance and maintained zero whistleblowing incidents.
• Achieved zero environmental violation incidents for 4 consecutive years.
• Achieved zero complaints concerning breaches of customer privacy or losses of customer data in FY2024.

Climate Goals & Targets

Environmental Challenges

• Potential shortage of labor and increase in labor cost
• Downgrade or loss of BCA grades or builder’s licenses
• Dependency on public sector demand in Singapore
• Dependency on project tender success
• Inability to attract and retain key personnel
• Subject to regulations and guidelines imposed by various government and regulatory authorities
• Possibility of cost overruns

Mitigation Strategies

• Automation of processes to increase productivity
• Ensuring compliance with BCA requirements
• Diversification of revenue sources and overseas projects
• Competitive tendering and margin management
• Talent development initiative
• Prudent approach and adaptation to changes in the operating environment
• Organizational restructuring, accountability, asset utilization, management oversight, and digital platforms for project review and control

Supply Chain Management

Supplier Audits: Periodic assessments

Responsible Procurement

• Prioritising vendors with environmental certifications such as ISO 14001:2015

Climate-Related Risks & Opportunities

Physical Risks

• Erratic weather patterns and high temperatures affecting project completion speed and efficiency

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards: Core Option

Certifications: Null

Third-party Assurance: Crowe Horwath First Trust Advisory Pte Ltd

UN Sustainable Development Goals

• Goal 3 (Good Health and Well-being)
• Goal 6 (Clean Water and Sanitation)
• Goal 7 (Affordable and Clean Energy)
• Goal 8 (Decent Work and Economic Growth)
• Goal 9 (Industry, Innovation and Infrastructure)
• Goal 11 (Sustainable Cities and Communities)
• Goal 13 (Climate Action)

Various initiatives described in the Sustainability Report

Sustainable Products & Innovation

• Recycled aggregates for use at work sites and in asphalt premix production

Awards & Recognition

• Green And Gracious Builder Award
• IMS-ISO 9001
• BS-OHSAS 18001
• ISO 14001
• Contractor Safety Recognition Award (Construction)
• Safety Recognition Award
• Safety Accomplishment Award