Climate Change Data

Koyo International Limited

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

Total Energy Consumption:207,422 kWh/year
Water Consumption:4,729 m3/year

ESG Focus Areas

  • Economic Performance
  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Koyo Engineering (S.E. Asia) Pte Ltd and Koyo M&E Pte Ltd are ISO 14001:2015 certified.
  • Implemented BCA Green Mark projects.
  • Adopted the Reduce, Reuse and Recycle (3Rs) methodology to manage waste.

Social Achievements

  • Achieved zero workplace fatalities.
  • Achieved zero Accident Frequency Rate (AFR) and zero Accident Severity Rate (ASR) for two consecutive years.
  • Koyo Engineering (S.E. Asia) Pte Ltd received the RoSPA Gold Award for health and safety performance.

Governance Achievements

  • Incorporated "whistle-blowing" procedures.
  • Adheres closely to the principles and guidelines of the Code of Corporate Governance 2018 and other applicable laws.
  • No whistleblowing reports received in FY2022.

Climate Goals & Targets

Short-term Goals:
  • Reduce paper consumption by 5% in FY2023.
  • Reduce energy and water consumption by 5% in FY2023.
  • Achieve 14% of local hires in FY2023.

Environmental Challenges

  • Manpower shortage and operational challenges resulting from the pandemic.
  • Rising manpower costs and higher cost of subcontractors’ services.
  • Did not meet the target of 20% for local hires due to labour market constraints.
Mitigation Strategies
  • Prudent management of projects, costs, and cash flow.
  • Exploring opportunities for revenue or profit-accretive acquisitions and innovative practices to improve productivity and revenue.
  • Committed to providing competitive remuneration and benefits to employees and achieving 14% of local hires in FY2023.

Supply Chain Management

Responsible Procurement
  • Purchase control to ensure subcontractors and external service providers meet project requirements.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards 2021, Catalist Rules 711A and 711B, Practice Note 7F of the Catalist Rules

Certifications: ISO 14001:2015 (Koyo Engineering (S.E. Asia) Pte Ltd and Koyo M&E Pte Ltd), ISO 45001:2018 (Koyo Engineering (S.E. Asia) Pte Ltd and Koyo M&E Pte Ltd)

Awards & Recognition

  • RoSPA Gold Award

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:181,275 kWh/year
Water Consumption:4,902 m3/year
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Economic Performance
  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Achieved a 5% reduction in paper usage.
  • Achieved a 5% reduction in energy consumption.
  • Implemented more energy-efficient lighting, resulting in lower power use.
  • Employed water-efficient fittings and fixtures in corporate headquarters.

Social Achievements

  • Maintained zero workplace fatalities.
  • Zero discrimination cases reported.
  • Zero whistleblowing reports received.
  • 200 hours of project in-house training per employee.

Governance Achievements

  • Maintained zero breaches of customer privacy or loss of customer data.
  • No whistle-blowing reports received.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Reduce paper consumption by 5% in FY2024.
  • Reduce energy and water usage by 5% in FY2024.
  • Achieve 14% of locals in the total workforce in FY2024.
  • Maintain zero workplace fatalities in FY2024.
  • Maintain zero incidence of discrimination cases in FY2024.
  • Maintain zero whistle-blowing reports in FY2024.
  • Maintain zero breaches of customer privacy in FY2024.

Environmental Challenges

  • Challenging year for the construction industry due to inflation and geopolitical conflicts.
  • Liquidation of a customer (Tiong Aik Construction Pte Ltd) resulting in an allowance for expected credit losses of S$3.1 million.
  • Did not achieve a 5% reduction in water consumption due to longer operating hours at site offices.
  • Did not achieve the target of 14% locals in the total workforce due to project requirements.
  • Did not achieve zero ASR (Accident Severity Rate) due to one incident.
Mitigation Strategies
  • Prudent management of projects, costs, and cash flow.
  • Exploring innovative practices to improve productivity and revenue.
  • Implementing the 3Rs (Reduce, Reuse, Recycle) methodology for waste management.
  • Investing in energy-saving products and driving water-use efficiency.
  • Implementing the Occupational Health and Safety Management System that meets the requirements of ISO 45001:2018 standard requirement.
  • Conducting safety campaigns and risk assessments to improve safety.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Purchase control to ensure subcontractors and external service providers meet project requirements; focus on quality, accountability, and sustainability.

Climate-Related Risks & Opportunities

Physical Risks
  • More frequent and severe extreme weather
Transition Risks
  • Costs to transition to lower emissions technology
  • Enhanced emission-reporting obligations
  • Mitigating negative financial impacts
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI Standards 2021, Catalist Rules 711A and 711B, Practice Note 7F of the Catalist Rules

Certifications: ISO 14001:2015 (Koyo Engineering (S.E. Asia) Pte Ltd and Koyo M&E Pte Ltd), ISO 45001:2018 (Koyo Engineering (S.E. Asia) Pte Ltd and Koyo M&E Pte Ltd)

Third-party Assurance: Internal audit review; no external assurance sought.

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed