Climate Change Data

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