Climate Change Data

No Signboard Holdings Ltd.

Climate Impact & Sustainability Data (2018-10 to 2019-09, 2022)

Reporting Period: 2018-10 to 2019-09

Environmental Metrics

ESG Focus Areas

  • Food Hygiene
  • Customer Relationship Management
  • Workplace Health & Safety
  • Staff Welfare & Training
  • Staff Remuneration & Benefits

Social Achievements

  • Provided 1,410 hours of training to employees, averaging 12.59 hours per employee.
  • Kept staff turnover low and hired 60 new employees.
  • Hired 10 new employees over 50 years old.
  • Implemented an Employee Referral Scheme.
  • Rolled out Outpatient Medical, Dental and Specialist Benefit policy.
  • Provided Group Hospitalisation and Surgical Insurance to all confirmed employees.
  • Provided welfare benefits for important occasions (maternity leave, bereavement support, etc.).
  • Organized company events and bonding activities.

Governance Achievements

  • Established Standard Operating Procedures (SOPs) for inventory management.
  • Implemented a process for purchase requisition using Sourcing Request Form and Vendor Suitability Check Form.
  • Prioritized suppliers conforming to Marine Stewardship Council (MSC) Chain of Custody Default Standard (v4.0).

Climate Goals & Targets

Medium-term Goals:
  • Maintain or increase average training hours per employee by 5%.
Short-term Goals:
  • Obtain ISO 22000 certification (Food Hygiene).

Environmental Challenges

  • Labour shortage in the F&B industry.
  • Maintaining high food hygiene standards.
  • Ensuring workplace safety.
Mitigation Strategies
  • Regular training for all food handlers.
  • Review of HR policies annually to maintain competitive remuneration and benefits package.
  • Workplace safety briefings for new employees.
  • Regular safety inspections and audits.
  • Fire drills and safety measures in place.
  • Partnership with governmental authorities for employee transition assistance.

Supply Chain Management

Responsible Procurement
  • Sourcing from pre-qualified suppliers based on pricing, reliability, and quality.
  • Regular updates to approved supplier list.
  • Use of Sourcing Request Form and Vendor Suitability Check Form.
  • Prioritization of suppliers conforming to MSC Chain of Custody Default Standard.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards 2016, SGX-ST Listing Manual (Rules 711B)

Awards & Recognition

  • SG50 Prestige Enterprise Award 2015/2016
  • Singapore’s Top F&B Brand for Seafood Category
  • Outstanding Brands – Beer 2016

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:351.7 tonnes CO2e
Scope 1 Emissions:133.4 tonnes CO2e
Scope 2 Emissions:218.3 tonnes CO2e
Total Energy Consumption:1129225 kWh
Water Consumption:6777 Cu M

ESG Focus Areas

  • Customer-centricity
  • Sustainable Business Performance
  • Water Conservation
  • Energy Conservation and Emissions Reduction
  • Occupational Health and Safety
  • Employee Retention and Development
  • Equality and Diversity in the Workplace
  • Food Quality and Hygiene
  • Robust Corporate Governance Framework

Environmental Achievements

  • Reduced GHG emissions to 351.7 tonnes CO2e (from 411.3 tonnes CO2e in FY2021)
  • Reduced water consumption intensity to 1.4 Cu M/ revenue S$’000 (from 1.3 Cu M/ revenue S$’000 in FY2021)

Social Achievements

  • Maintained zero work-related injuries and ill-health cases
  • Maintained zero reported incidents of unlawful discrimination against employees

Governance Achievements

  • Maintained zero incidents of reported corruption
  • Maintained zero incidents of serious non-compliance with applicable laws and regulations

Climate Goals & Targets

Short-term Goals:
  • Continue to engage customers through various channels on product and service initiatives.
  • Reduce water consumption intensity
  • Maintain zero work-related injuries and ill-health cases
  • Improve average training hours per employee
  • Maintain zero reported incidents of unlawful discrimination against employees
  • Maintain the ISO 22000 certification
  • Maintain zero incidents of reported corruption
  • Maintain zero incidents of serious non-compliance with applicable laws and regulations

Environmental Challenges

  • Closure of several outlets impacting revenue
  • Significant reduction in tourist footfall
  • Slow recovery in tourism
  • Management of raw ingredients and fresh food prices
  • Restructuring exercise
  • Suspension of share trading
Mitigation Strategies
  • Implemented tight controls over cash outflows
  • Regularly reviewed financial reports
  • Conducted regular management meetings
  • Court-supervised restructuring exercise
  • Investment with Gazelle Ventures
  • Submitted trading resumption proposal to SGX-ST
  • Acquisition of Eat What Pte. Ltd.

Supply Chain Management

Responsible Procurement
  • Sourcing key ingredients from pre-qualified suppliers based on pricing competitiveness, reliability, quality of ingredients and service

Climate-Related Risks & Opportunities

Transition Risks
  • Reputational and financial risks for not meeting the demands of regulators and shareholders amidst the enhanced emissions reporting requirements
Opportunities
  • Review and assessment of its value chain to identify new products and services

Reporting Standards

Frameworks Used: GRI Standards, UN Sustainable Development Goals (SDGs), Taskforce on Climate-related Financial Disclosures (TCFD)

Certifications: ISO 22000 (Little Sheep Hot Pot)

UN Sustainable Development Goals

  • 3
  • 4
  • 6
  • 7
  • 8
  • 10
  • 16
  • 17

See section 10 of the Sustainability Report