Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economic
• Environmental
• Social
• Governance

Environmental Achievements

• Reduced plastic waste production by 50% compared to 2018 (300 kg in 2019)
• Developed self-cleaning marine growth products extending service life beyond five years
• Achieved zero fatalities, zero Loss Time Incidents (LTI), and zero Medical Treatment Injuries (MTI) at worksites

Social Achievements

• Maintained zero complaints for discrimination
• Achieved zero Loss Time Incidents (LTI) and zero Medical Treatment Injuries (MTI) at worksites
• Retained employees from divested subsidiaries through acquisition by Disruptech Holdings Sdn Bhd

Governance Achievements

• Maintained zero incidents of corruption
• Complied with the principles and guidelines of the Singapore Code of Corporate Governance 2018

Climate Goals & Targets

Environmental Challenges

• Fluctuating oil and gas prices impacting client revenue and project viability
• Potential project delays or cancellations due to rising climate change concerns and regulations
• Risks related to corruption due to operations across different countries and numerous partners
• Potential weather disruptions impacting asset integrity management work

Mitigation Strategies

• Diversification into the healthcare sector (postpartum care centers)
• Divestment of underperforming subsidiaries
• Stringent cost control and cessation of new capital investment
• Centralized procurement process validated by ISO 9001:2015
• Zero-tolerance policy towards corruption, whistle-blowing policy, and regular audits
• Contingencies in work schedule and budgeting to compensate for potential weather disruptions

Supply Chain Management

Supplier Audits: Annual vendor evaluation

Responsible Procurement

• Multi-layered procurement process vetted at various management levels; review of supplier reputation, track record, and work ethics

Climate-Related Risks & Opportunities

Physical Risks

• Adverse weather patterns delaying work

Transition Risks

• Decreased demand for fossil fuels, potential litigation, and additional compliance obligations

Reporting Standards

Frameworks Used: GRI Standards: Core Option

Sustainable Products & Innovation

• Self-cleaning marine growth products

Environmental Metrics

ESG Focus Areas

• Economic Performance
• Anti-Corruption
• Employment
• Diversity and Equal Opportunity
• Customer Health and Safety
• Customer Privacy
• Ethics and Integrity

Social Achievements

• Achieved zero complaints for discrimination.
• Zero incidents of non-compliance with regulations and voluntary codes concerning the health and safety impacts of products and services.
• Zero substantiated complaints concerning breaches of customer privacy.

Governance Achievements

• Achieved zero incidents of corruption.
• Two subsidiaries obtained Good Distribution Practices for Medical Devices (GDPMD) certification.

Climate Goals & Targets

Environmental Challenges

• High employee turnover rate (47%) due to strategic pivot and COVID-19 pandemic.
• Delayed expansion plans due to COVID-19 pandemic.
• Potential risks associated with corruption due to operations across Singapore and Malaysia and engagement with numerous partners.

Mitigation Strategies

• Centralized Accounting, Finance, and Supply Chain Management departments.
• Implemented a whistle-blowing policy.
• Zero-tolerance policy toward accepting gifts or favors.
• Directors attend SGX-mandated Director Training Programme.
• Regular checks on product quality and safety.
• Daily feedback check-ins and customer service interviews.
• Supplier screening policy and relevant certifications for medical devices.
• Annual inspections of facilities.
• Regular stock checks for equipment and consumables.
• Compliance with PDPA and appointment of a Data Protection Officer.

Supply Chain Management

Supplier Audits: Annual vendor evaluation

Responsible Procurement

• Supplier screening policy

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards: Core Option

Third-party Assurance: Not disclosed

Environmental Metrics

ESG Focus Areas

• Economic Performance
• Anti-Corruption
• Employment
• Diversity and Equal Opportunity
• Customer Health and Safety
• Customer Privacy
• Ethics and Integrity

Social Achievements

• Maintained zero incidents of discrimination and sexual harassment complaints.
• Achieved zero incidents of non-compliance with health and safety regulations.
• Achieved zero substantiated complaints concerning breaches of customer privacy.

Governance Achievements

• Maintained zero incidents of corruption for three consecutive years (FY2020-2022).
• Complied with the principles and guidelines of the Singapore Code of Corporate Governance 2018.

Climate Goals & Targets

Environmental Challenges

• High employee turnover rate (60% in FY2022).
• Need to strengthen data security measures to protect customer privacy as the company expands its use of digital technology.

Mitigation Strategies

• Implementing new requirements for regular skills training for employees to improve satisfaction and retention.
• Considering the implementation of a safe data storage system to manage increasing volumes of patient data.
• Appointing a Data Protection Officer to ensure compliance with data protection regulations.

Supply Chain Management

Supplier Audits: Annual external audit of accounting and procurement practices.

Responsible Procurement

• Supplier screening policy to ensure compliance with health and safety requirements.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards 2021, TCFD (partially)

Certifications: Good Distribution Practices for Medical Devices (GDPMD) - HealthPro Pharma Pte Ltd and HealthPro Marketing Sdn Bhd

Third-party Assurance: Internal

Environmental Metrics

ESG Focus Areas

• Customer health and safety
• Anti-corruption
• Customer privacy
• Employment
• Diversity and equal opportunity
• Climate change

Environmental Achievements

• Reduced Scope 2 emissions to approximately 41.18 tCO2e in FY2023

Social Achievements

• Maintained zero incidents of discrimination and zero substantiated complaints concerning breaches of customer privacy in FY2023
• Implemented more rigorous minimum qualifications for patient care providers

Governance Achievements

• Achieved zero incidents of corruption in FY2023
• Implemented a whistle-blowing mechanism

Climate Goals & Targets

Environmental Challenges

• Temporary suspension of postpartum care services at SS2 due to rectification works
• Reduction in revenue from outsourced services
• Increased loss after tax due to legal, corporate and fund-raising costs

Mitigation Strategies

• Exploring other sites for a new postpartum care centre
• Implementing measures to ensure payroll services are only provided after outstanding payments are settled
• Implementing crisis response plans to reduce negative impacts from extreme weather events

Supply Chain Management

Supplier Audits: Annual external audit

Responsible Procurement

• Supplier screening policy
• Obtaining relevant certifications for distributing and operating medical devices

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events disrupting business operations

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards 2021, TCFD

Certifications: Good Distribution Practices for Medical Devices (GDPMD)

Third-party Assurance: Internal

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed