Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Economic Performance
• People
• Governance

Environmental Achievements

• No cases of fines or non-monetary sanctions for non-compliance with regulatory requirements in 2020 for power plant and shipping businesses.
• Ningbo Yinzhou Manhattan Tower designed with approximately 20% greening rate and aims to maximize natural lighting to reduce electricity consumption.

Social Achievements

• Zero fatalities across all business segments in 2020.
• No cases of grievances concerning discrimination or unfair employment practices reported in 2020.
• Comprehensive welfare and benefits scheme including medical and dental benefits, maternity leave of 16 weeks and paternity leave of two weeks.

Governance Achievements

• Good corporate governance practices guided by the Singapore Code of Corporate Governance.
• Whistle-blowing policy encourages reporting of concerns about possible improprieties.

Climate Goals & Targets

Environmental Challenges

• Air, water, and ash emissions from power plant, shipping operations, and property development.
• Marine pollution in the shipping sector.

Mitigation Strategies

• Careful handling of emissions to prevent toxic emissions and minimize pollution.
• Waste management processes to filter waste before discharging.
• Use of low-sulphur content coal.
• Scheduled repair and maintenance of shipping fleet.
• Independent inspections to ensure compliance with regulations.
• Greening initiatives and energy-efficient design for property development.

Supply Chain Management

Responsible Procurement

• Suppliers are assessed in accordance with our procurement policies before being qualified as our list of approved vendors. We perform evaluation on new vendors and regularly re-assess the performance of our existing key suppliers.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards: Core option, Singapore Exchange’s Practice Note 7.6 Sustainability Reporting Guide

Environmental Metrics

ESG Focus Areas

• Environmental Compliance
• Occupational safety and health
• Diversity and equal opportunities
• Training and education
• Good corporate governance practice
• Risk governance

Environmental Achievements

• Zero fines or sanctions from non-compliance with regulatory requirements across the Group’s renewable energy business in 2023.
• Completed divestment of power plant business in Indonesia during the year.
• Delivered additional 12.4 MWp of rooftop solar projects in Vietnam in 2023, bringing the total operational capacity to 42.55MWp.
• Commenced construction of the 111MW DC/94 MW AC Utility Solar Project in Queensland, Australia in 2H2023.

Social Achievements

• Zero fatalities, zero high consequence injury cases, zero recordable work-related injuries, and zero occupational disease across all business segments in 2023.
• No cases of grievances concerning discrimination or unfair employment practices reported.
• Approximately 5% of staff achieved 20 hours of training per year in 2023.

Governance Achievements

• Streamlined compliance policies and processes and integrated them into business processes in 2023.
• Strengthened human resources to support the implementation of policies and procedures.

Climate Goals & Targets

Environmental Challenges

• Policy risk: Changes in government regulations or policies may increase costs or adversely affect the business.
• Legal risk: Non-compliance with environmental laws and regulations.
• Physical risk: Adverse climate change may cause operational disruptions, productivity loss, and damage.
• Fluctuation in electricity pricing in the spot market due to state schemes, supply and demand, and commodity prices.

Mitigation Strategies

• Regular monitoring of regulations and policies.
• Maintaining local teams working with local governments and ensuring permits are obtained.
• High-level risk assessment to identify potential environmental risks before investment.
• Appropriate insurance coverage for assets.
• Securing high percentage of mid to long term contracted Power Purchase Agreements with fixed pricing.
• Using prudent pricing forecasts from market consultants.
• Designing and building assets in line with industry standards, including installation of tracking technology to minimize damage from adverse weather.

Supply Chain Management

Supplier Audits: Suppliers are assessed in accordance with procurement policies before being qualified as approved vendors. Regular reassessment of key suppliers.

Responsible Procurement

• Assessment of new vendors and regular reassessment of existing key suppliers.

Climate-Related Risks & Opportunities

Physical Risks

• Adverse weather conditions

Transition Risks

• Changes in government legislations, regulations or policies
• Pricing uncertainty in the spot market

Opportunities

• Transition to renewable energy solutions
• Round-the-clock renewable energy with energy storage technology

Reporting Standards

Frameworks Used: GRI Standards 2021, TCFD recommendations

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Renewable energy assets (solar, wind)

Awards & Recognition

• Not disclosed