Climate Change Data

Environmental Metrics

ESG Focus Areas

• Health and safety
• Community engagement
• Workforce diversity
• Environmental conservation
• Sustainable supply chain management

Environmental Achievements

• Implemented recycling program to reduce carbon footprint
• Encouraged energy-efficient practices in the workplace (energy-efficient bulbs, switching off computers and lights when not in use, double-sided printing)

Social Achievements

• Provided a quality work environment complying with health and safety standards
• Practiced open-door policy and encouraged two-way communication
• Implemented work-from-home and in-office work schedule arrangement during lockdown
• Provided necessary equipment for employees working from home
• Provided external and internal training to enhance employee skills
• Committed to workforce diversity in recruitment, skills enhancement, role appointments, employee retention, succession planning, and training and development

Governance Achievements

• Established a Code of Conduct and Ethics
• Established a whistleblower policy
• Established an Anti-Bribery & Corruption policy
• Established a Gender Diversity Policy
• Regularly reviewed and updated the Board Charter
• Undertook an annual assessment of Independent Directors
• Established a transparent relationship with external auditors through the Audit Committee
• Undertook annual assessment of the suitability and independence of External Auditors
• Outsourced internal audit function to an independent professional firm

Climate Goals & Targets

Environmental Challenges

• Global shortage of production capacity affecting revenue despite strong bookings
• Supply chain disruptions due to unexpected lockdowns and pandemic-related restrictions
• Restrictions on hiring foreign knowledge professionals causing delays in product development
• Closing of international borders impacting the economy and face-to-face contract negotiations

Mitigation Strategies

• Stepped up efforts in managing the supply chain
• Increased resources in developing the China market
• Qualified more manufacturing partners to meet production demands
• Hired talented fresh graduates and developed fast-track on-the-job training programs
• Conducted business online to minimize disruption from border closures

Supply Chain Management

Supplier Audits: Annually and continuously

Responsible Procurement

• Adherence to ISO standards in supplier selection
• Emphasis on ethical conduct and professionalism in vendor relationships
• Co-generation of opportunities with suppliers

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Adopted ESG Framework in July 2023, setting out vision, core objectives, and ESG metrics for a more sustainable future.
• Committed to reducing environmental impact and promoting sustainable practices.
• Minimizing waste generation, promoting recycling and waste reduction practices.
• Reducing energy consumption and promoting the use of renewable energy sources.
• Encouraging sustainable transportation practices.
• Ensuring responsible procurement practices that prioritize environmentally friendly products and services.
• Managing and reducing the use of hazardous materials and waste.

Social Achievements

• Recognizes the importance of social responsibility to patients, employees, and communities.
• Providing a safe and healthy work environment, promoting equal opportunities and fair treatment.
• Supporting local communities through volunteerism, training programs, and partnerships with local suppliers.
• Maintaining high ethical standards, upholding transparency, integrity, and accountability.
• Encouraging social responsibility among suppliers and business partners.
• Committed to leveraging the diverse backgrounds of its workforce to provide good customer service.

Climate Goals & Targets

Environmental Challenges

• Struggling for profitability.

Mitigation Strategies

• The Board believes that the current leadership structure (dual roles of Chairman and CEO) improves the Board’s ability to focus on key policy and operational issues and maintains sustainability and creativity.

Supply Chain Management

Responsible Procurement

• Prioritize environmentally friendly products and services
• Encouraging social responsibility among our suppliers and business partners

Climate-Related Risks & Opportunities

Physical Risks

• Exposure to natural disasters