Boustead Projects Limited
Climate Impact & Sustainability Data (2021, 2023)
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Eco-sustainability
- Quality
- Workplace Safety & Health
- Socio-economic value creation
Environmental Achievements
- Delivered numerous Green Mark Platinum-rated business park and industrial developments, resulting in estimated annual savings of S$11.4 million in electricity tariff savings and S$0.2 million in water tariff savings. Built 1 out of every 5 Green Mark Platinum-rated new private sector industrial developments and 2 out of every 5 Green Mark Platinum-rated new private sector logistics developments.
Social Achievements
- Thousands of mentorships through bizSAFE Mentors program, helping subcontractors strengthen workplace safety, health, and security standards and improve sustainability.
- Generated and distributed S$446.8 million in direct economic value (EV) shared among key stakeholders (team, clients, partners, suppliers, lenders, shareholders, media, governments, and communities).
Governance Achievements
- Listed as one of only 92 SGX-listed corporations on the SGX Fast Track Programme for high corporate governance standards and good compliance track record.
- Board and executive directors took salary reductions to mitigate pandemic impact.
Climate Goals & Targets
Environmental Challenges
- COVID-19 pandemic causing prolonged project closures, lower productivity, and foreign labor shortages in Singapore.
- Supply chain disruptions.
- Landlord-tenant disputes.
Mitigation Strategies
- Implemented strict health checks, social distancing, split teams, and remote working arrangements.
- Gradual ramp-up of construction activities in line with government advisories.
- Cost management measures including organization-wide cost reviews, salary freeze, and reduction in board fees and senior management salaries.
- Technology implementation (IDD, 7D BIM, AR/VR, data analytics, drone technology) to mitigate pandemic risks and enhance safety.
- Partnership with TraceSafe for wearable safety devices providing real-time contact tracing and safe distancing.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Standards: Core Option
Awards & Recognition
- Numerous awards for exemplary WSH performance
- Singapore Corporate Governance Award in the Newly Listed Category at the Securities Investors Association (Singapore) Investors’ Choice Awards 2017
- Hermes Creative Awards (Platinum or Gold Winners from 2017 to 2020)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:256,000 kWh/year
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Sustainability
- Green Building
- Climate Change
- Renewable Energy
Environmental Achievements
- Razer SEA HQ awarded Green Mark Gold Plus by Singapore’s Building & Construction Authority
- Razer SEA HQ incorporates 380 solar panels, generating 256,000 kWh of energy annually, offsetting 3,600 metric tonnes of carbon emissions over 20 years
Social Achievements
- Not disclosed
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Not disclosed
Mitigation Strategies
- Not disclosed
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Green Mark Gold Plus
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Corporate Excellence & Resilience Award at the Singapore Corporate Awards 2021 Special Edition
- Singapore Corporate Governance Award in the Newly Listed Category at the Securities Investors Association (Singapore) Investors’ Choice Awards 2017