Climate Change Data

King Wan Corporation Limited

Climate Impact & Sustainability Data (2018-04 to 2019-03, 2020-04 to 2021-03, 2023-04 to 2024-03)

Reporting Period: 2018-04 to 2019-03

Environmental Metrics

Total Carbon Emissions:244,133 kg/CO2
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:406,888 Kwh
Water Consumption:32,720 m³
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Economic Performance
  • Anti-corruption
  • Employment
  • Occupational health and safety
  • Training and development
  • Diversity and opportunity
  • Local community
  • Customer health and safety
  • Customer privacy
  • Energy efficiency
  • Water, effluents and waste
  • Environmental compliance

Environmental Achievements

  • 6.2% reduction in electricity consumption, resulting in 10% cost savings on electricity bills
  • Maintained water consumption below the target limit of 35,000 m³
  • Numerous BCA Green Mark projects undertaken (Platinum, Gold Plus, and standard)

Social Achievements

  • Achieved zero fatality both at the corporate office and project sites
  • Employee turnover rate of 14.4% (below the national average of 21.6% for the construction sector)
  • Average CONQUAS score of 97.3 (significantly above the industry average of 88.9)
  • Community involvement through volunteering and fundraising for MDAS and Sunburst
  • Employee engagement programs like the Zoo-mazing Race

Governance Achievements

  • No identified conflict of interest
  • No identified case regarding breach of customer privacy or loss of customer data
  • No incidents of corruption and no public legal cases

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Adopt innovative technologies for construction to reduce waste and increase efficiency
  • Achieve zero fatality and injuries
Short-term Goals:
  • Reduce energy and water consumption for dormitory, corporate office and mobile loo business
  • Introduce more diversity into the workplace

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

Supply Chain Management

Supplier Audits: Annual vendor evaluation

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI Standards: Core option

Certifications: OHSAS 18001, ISO 9001, bizSAFE Star accreditation

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2020-04 to 2021-03

Environmental Metrics

Total Carbon Emissions:102,426 tCO2e (derived from corporate office and dormitory energy usage)
Total Energy Consumption:373,162 kWh
Water Consumption:18,560 m3

ESG Focus Areas

  • Economic
  • Social
  • Environmental
  • Governance

Environmental Achievements

  • 13.8% reduction in electricity consumption
  • 46.9% reduction in water consumption
  • 15.9% cost savings on electricity bills
  • 46.9% savings on water bills
  • Participation in BCA Green Mark projects (Daintree Residence)

Social Achievements

  • Zero fatalities at corporate office and project sites
  • Employee turnover rate below national average (14.69% vs 16.8%)
  • Average CONQUAS score of 97.03 (significantly above industry average)
  • Various CSR initiatives: Care to Clean and Disinfect, Care to Trim, Care to Pack and Deliver, support for MDAS

Governance Achievements

  • No identified conflicts of interest
  • No identified cases regarding breach of customer privacy or loss of customer data
  • No incidents of corruption and no public legal cases

Climate Goals & Targets

Long-term Goals:
  • Achieve zero fatalities and injuries
Medium-term Goals:
  • Adopt innovative technologies for construction to reduce waste and increase efficiency
  • Continue to engage and develop employees
Short-term Goals:
  • Reduce energy and water consumption for dormitory, corporate office and mobile loo business
  • Introduce more diversity into the workplace

Environmental Challenges

  • Rising costs of materials and labour due to the COVID-19 pandemic
  • Project suspensions and delays due to the COVID-19 pandemic
Mitigation Strategies
  • Assembled a management-led Task Force to address COVID-19 challenges
  • Implemented standard operating procedures and regular employee communications
  • Took precautionary measures in accordance with Singapore government guidelines
  • Provided temporary accommodations and IT support for remote working
  • Supported migrant workers with daily necessities and food

Supply Chain Management

Supplier Audits: Annual vendor evaluation

Responsible Procurement
  • High standards of quality, safety and sustainability for projects

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards: Core option

Certifications: ISO 45001:2018 (OH&S), ISO 14001:2015 (EHS), bizSAFE Star

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Total Carbon Emissions:919 tCO2e/year
Scope 1 Emissions:814 tCO2e/year
Scope 2 Emissions:141 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:12,266,670 MJ/year
Water Consumption:21,732 m3/year
Waste Generated:137.2 tons/year
Carbon Intensity:9.6 metric tonnes per $ million of revenue

ESG Focus Areas

  • Economic Performance
  • Business Ethics and Anti-corruption
  • Management of Energy Consumption
  • Management of Water Consumption
  • Management of GHG Emissions
  • Management of Waste and Pollutants
  • Human Rights
  • Workplace Health & Safety
  • Board and Workforce Diversity
  • Workforce Training & Development
  • Community Impact
  • Employment Turnover
  • Personal Data Protection and Privacy
  • Environmental Compliance
  • Legal Compliance
  • Board Independence

Environmental Achievements

  • Reduced Scope 1 GHG emissions by 4.4% compared to FY2023.
  • Reduced total GHG emissions to 919 metric tonnes of CO2 equivalent (FY2023: 940 metric tonnes).
  • Implemented a waste segregation system in October 2023 to enhance recycling efforts.
  • Decreased diesel and petrol consumption.

Social Achievements

  • Achieved zero fatalities in the workplace.
  • Maintained a consistent average training hours per employee (15 hours in FY2024, 16 hours in FY2023).
  • Participated in the "Sew Much Love" CSR initiative, raising $10,060 for charity.
  • Ensured 100% compliance with the Personal Data Protection Act (PDPA).

Governance Achievements

  • Achieved zero incidents of corruption.
  • Achieved zero incidents of non-compliance with laws and regulations.
  • Achieved zero identified conflicts of interest between the Group and any interested party.
  • Achieved zero environmental-related regulatory fines.

Climate Goals & Targets

Long-term Goals:
  • Set long-term targets for energy, water, GHG emissions, and waste management.
Medium-term Goals:
  • Reduce energy, water, GHG emissions, and waste intensity by 5%.
Short-term Goals:
  • Implement strict Code of Business Conduct and Ethics; achieve zero confirmed incidents of corruption.
  • Maintain or reduce energy, water, GHG emissions, and waste intensity.
  • Evaluate labour practices and ensure safe working conditions.
  • Hire and retain suitable talent; improve overall turnover rate.
  • Enforce comprehensive safety program; achieve zero fatalities.
  • Enhance employee skill sets through training; maintain or improve average training hours.
  • Introduce more workplace diversity; maintain zero incidents of unlawful discrimination.
  • Continue community engagement.
  • Ensure 100% PDPA compliance; achieve zero data breaches.
  • Explore recycling programs; achieve zero environmental-related regulatory fines.
  • Ensure 100% legal compliance.

Environmental Challenges

  • Increased electricity usage due to increased residents in dormitories.
  • Potential damage to assets and machinery due to extreme weather events.
  • Increased carbon emission reduction costs due to potential expansion of carbon pricing mechanisms.
  • Increased operating costs due to rising mean temperatures.
  • Potential loss of market share due to shifts in customer preferences for low-carbon materials.
Mitigation Strategies
  • Researching alternative fuel options for vehicles.
  • Implementing energy-efficient practices across all departments.
  • Implementing measures to ensure responsible water usage (e.g., installing water-efficient fittings).
  • Developing a resilient climate strategy plan to address climate-related risks and opportunities.
  • Investing in resilient materials and adopting sustainable approaches to enhance supply chain resilience.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Increased extreme weather events (flash floods)
  • Rising mean temperatures
Transition Risks
  • Expansion of carbon pricing mechanisms
  • Enhanced climate reporting requirements
  • Shift in customer preference and increased cost of raw materials
Opportunities
  • Increased supply chain resilience and adaptability
  • Increased competitiveness from green building projects

Reporting Standards

Frameworks Used: GRI Standards 2021, TCFD (comply or explain)

Certifications: ISO 14001:2015, ISO 45001:2018

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed