Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Improved GHG emission efficiency index by 15% from FY2018 to FY2019 (exceeding the 1% annual target).
• Improved paper consumption index by 13% from FY2018 to FY2019 (exceeding the 1% annual target).
• 100% of paper consumed was Forest Stewardship Council (FSC) certified.

Social Achievements

• Maintained a high customer satisfaction index of 91% in FY2019.
• All non-managerial employees in Singapore are covered by the Employment Act.
• Provided beyond-compliance-level benefits to full-time employees (e.g., paternity leave, compassionate leave).

Governance Achievements

• Adopted the Code of Corporate Governance as required by the Singapore Exchange (SGX).
• Established a Corporate Sustainability Committee (CSC) and a Corporate Sustainability Champion.
• Implemented a Code of Conduct and action guidelines adhered to by officers and employees.

Climate Goals & Targets

Environmental Challenges

• Reducing carbon footprint and waste.
• Building a culture of equality.
• Investing in human capital.

Mitigation Strategies

• Set a target for GHG emission efficiency improvement of 12% from 2018 level by 2030 (1% per year).
• Set a target for paper consumption improvement of 12% from 2018 level by 2030 (1% per year).
• Implemented various green practices, including using energy-efficient lighting and lead-free products.

Supply Chain Management

Supplier Audits: 100% of new suppliers screened for sustainability criteria in FY2019.

Responsible Procurement

• Supplier selection process considers sustainability policies.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards Core option

Certifications: ISO 9001:2015 (pipes and pipe fittings), ISO 13485:2016 (medical devices), FDA registered (medical devices)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 13
• SDG 15

Initiatives to reduce carbon footprint, conserve resources, and promote green practices.

Sustainable Products & Innovation

• Lead-free pipes and pipe fittings

Awards & Recognition

• Supplier of the Year Award – Platinum (2018)
• ISO 9001:2015 and ISO 13485:2016 certifications

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Improved GHG emission efficiency index by 35% from FY2018 levels.
• Improved paper consumption index by 9% from FY2018 levels.
• 100% of paper consumed was Forest Stewardship Council (FSC) certified.

Social Achievements

• Maintained high customer satisfaction index (>90%).
• Provided employee benefits beyond statutory requirements (e.g., paternity leave).
• 100% of new suppliers screened for sustainability criteria.

Governance Achievements

• Compliance with Singapore’s Code of Corporate Governance and relevant laws and regulations.
• Established a Corporate Sustainability Committee (CSC) and a Corporate Sustainability Champion.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacted operations, causing plant shutdowns, supply chain disruptions, and manpower shortages.

Mitigation Strategies

• Medical devices segment manufactured medical devices to combat COVID-19.
• Pipes and pipe fittings segment supplied products for critical infrastructure projects during the pandemic.

Supply Chain Management

Supplier Audits: 100% of new suppliers screened for sustainability criteria.

Responsible Procurement

• Sustainability criteria included in supplier selection process.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards Core option

Certifications: ISO 9001:2015 (Quality Management Systems), ISO 13485:2016 (Medical Devices - Quality Management Systems)

UN Sustainable Development Goals

• SDG 13
• SDG 15

Initiatives to reduce carbon footprint, promote green practices, and use FSC-certified paper.

Sustainable Products & Innovation

• Lead-free pipes and pipe fittings

Awards & Recognition

• Supplier of the Year Award – Platinum (2018)
• Singapore Quality Class Accreditation (2021)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Attained ISO 14001:2015 Environmental Management Systems and ISO 50001:2018 Energy Management Systems certifications in FY2022.
• Reduced total energy consumed by approximately 1% compared to FY2021.
• Reduced total Scope 1 and Scope 2 GHG emissions by approximately 2% compared to FY2021.
• Reduced GHG emissions intensity by at least 1% per year for both business segments.

Social Achievements

• Increased staff strength by 4% to 1,153 employees.
• Implemented training and development programs (though hours reduced in FY2022 due to COVID-19 restrictions).
• Forefront Medical Investment Pte. Ltd. and Vicplas Holdings Pte. Ltd. attained ISO 45001:2018 Occupational Health and Safety Management System certification.

Governance Achievements

• Adopted the Code of Corporate Governance as required by the Singapore Exchange (SGX).
• Implemented a Code of Conduct and ethics and compliance guidelines.
• Established communication channels, such as the Whistle-Blowing Policy, to report unethical behavior.
• No cases of corruption or non-compliance with regulations in FY2022.

Climate Goals & Targets

Environmental Challenges

• Shipping challenges, supply bottlenecks, and inflationary pressures due to the uneven pace of global recovery from the pandemic.
• Tight labor market in China impacting employee turnover.
• COVID-19 safe distancing measures reducing training hours.

Mitigation Strategies

• Strategic adjustments to accommodate customers and suppliers during the pandemic.
• Holding higher inventory of raw materials and finished goods.
• Working closely with suppliers to ensure higher inventory levels.
• Conducting training through virtual means.

Supply Chain Management

Responsible Procurement

• Regular, open dialogue with key suppliers to ensure alignment with sustainability objectives.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Core Option, Singapore Exchange-ST Listing Rules Practice Note 7.6 Sustainability Reporting Guide, UN SDG

Certifications: ISO 14001:2015, ISO 45001:2018, ISO 50001:2018, EN ISO 13485:2016 (Medical Devices), Green Mark (Vicplas Holdings Pte. Ltd.)

Sustainable Products & Innovation

• RoHS compliant plastic product lines

Environmental Metrics

ESG Focus Areas

• Compliance
• Anti-corruption
• Health & safety impacts of products and services
• Customer data privacy
• Supply chain management
• Energy consumption
• Reducing Greenhouse Gas (GHG) emissions
• Water consumption
• Employee relations
• Training and development
• Occupational health & safety

Environmental Achievements

• Forefront Medical Technology (Jiangsu) Co., Ltd. attained ISO 50001:2018 Energy Management Systems in FY2023 and improved our manufacturing process to reduce our use of resources, energy and waste.
• Vicplas Holdings Pte. Ltd. obtained the 4th Green Mark (highest level) under the Singapore Green Building Product certification scheme.

Social Achievements

• Roll-out of refreshed Vicplas Code of Conduct resulted in higher training hours for employees.
• Various activities organized for employees to promote a healthy lifestyle (fruit days, healthier eating, encouraging regular exercise).

Governance Achievements

• No cases of corruption, no employees dismissed or disciplined for corruption, and no contracts with business partners terminated due to violations related to corruption in FY2023.
• No cases of socioeconomic or environmental non-compliance in FY2023.

Climate Goals & Targets

Environmental Challenges

• Challenging economic and geopolitical circumstances.
• Supply chain disruptions due to COVID-19 pandemic and geopolitical conflicts.
• Tight labor market in China impacting turnover rate.

Mitigation Strategies

• Leveraged the strength of our global supply chain, operational efficiencies, and capital discipline to mitigate short-term challenges.
• Reinforced procurement processes to protect business operations and customers.
• Invested heavily into building a resilient network and collaborated with logistic-service partners to reduce costs.

Supply Chain Management

Responsible Procurement

• Sustainable Procurement Policy and Supplier Code of Conduct (to be rolled out in FY2024)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards, Singapore Exchange-ST (SGX) Listing Rules 711B and Practice Note 7.6 Sustainability Reporting Guide

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, ISO 50001:2018, EN ISO 13485:2016, EN13795-1

Sustainable Products & Innovation

• RoHS compliant plastic product lines

Awards & Recognition

• Green Mark from Singapore Green Building Council

Environmental Metrics

ESG Focus Areas

• Building Trust with Our Business Partners
• Protecting the Environment
• Caring for Our Employees
• Supporting Our Community
• Future Generations

Environmental Achievements

• Vicplas Holdings Pte. Ltd. achieved the 4th Green Mark (highest level) under the Singapore Green Building Product certification scheme.
• Reformulated plastic product lines to eliminate heavy metals such as lead in accordance with RoHS 1.

Social Achievements

• Organised a food donation drive with 23 volunteers delivering food to approximately 850 needy beneficiaries.
• 20% of the Board is comprised of females, and 13% of our senior management team is represented by females. 60% of our workforce is comprised of females.

Governance Achievements

• Adopted the Code of Corporate Governance 2018.
• Implemented a Whistle-Blowing Policy.

Climate Goals & Targets

Environmental Challenges

• Lower revenue from the medical devices segment due to customer inventory rebalancing.
• Increased operating costs associated with plant extensions, new business development, and inflationary pressures.
• Intensified competition and cost pressures in the pipes and pipe fittings segment.

Mitigation Strategies

• Investing intensively in scaling up capabilities and global manufacturing footprint.
• Focusing on efficiency improvements at manufacturing locations.
• Prudent cost management and developing new business opportunities.
• Formalising Vicplas Sustainable Procurement Policy and Supplier Code of Conduct.

Supply Chain Management

Supplier Audits: Sustainability related criteria incorporated into supplier procurement and evaluation process for key suppliers (over 50% of medical devices segment annual spend).

Responsible Procurement

• Vicplas Sustainable Procurement Policy
• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards, SGX Listing Rules 711B, Practice Note 7.6 Sustainability Reporting Guide

Certifications: EN ISO 13485:2016, ISO 14001:2015, ISO 45001:2018, ISO 50001:2018, ISO 9001:2015, ISO 14067:2018

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 12 (Responsible consumption and production)

RoHS compliant products, efforts to reduce GHG emissions and improve energy efficiency.

Sustainable Products & Innovation

• RoHS compliant pipes and pipe fittings

Awards & Recognition

• bizSAFE STAR (Vicplas Holdings Pte Ltd)