Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Implemented measures to enhance environmental protection awareness among employees, including paper recycling and energy-efficient practices.
• Complied with ISO 14001:2004 for environmental management.

Social Achievements

• Maintained good relationships with employees, offering competitive salaries, bonuses, and benefits.
• Prioritized internal promotions and maintained an equal opportunity employment policy.
• Complied with OHSAS 18001:2007 for occupational health and safety, achieving bizSAFE Level Star certification.
• Donated to Hougang Village Merchants’ Association and Sian Chay Medical Institution.

Governance Achievements

• Adopted all code provisions in the Corporate Governance Code (CG Code).
• Complied with the Model Code for Securities Transactions by Directors.
• Established an audit committee, remuneration committee, and nomination committee.

Climate Goals & Targets

Environmental Challenges

• Risk of work injuries in the construction industry.
• Potential for supply chain disruptions.

Mitigation Strategies

• Implemented an occupational health and safety management system and conducted risk assessments.
• Maintained approved lists of suppliers and subcontractors, carefully evaluating their performance and compliance.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Environmental compliance of products
• Quality of materials
• Conflict of interest checks

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Appendix 27 of the Listing Rules

Certifications: ISO 9001:2008, OHSAS 18001:2007, ISO 14001:2004, bizSAFE Level Star

Third-party Assurance: Not disclosed

Environmental Metrics

ESG Focus Areas

• Greenhouse Gas Emissions
• Waste Management
• Environmental Management
• Workplace Equity
• Employees’ OHS
• Service Responsibility
• Data Privacy
• Community Engagement
• Supply Chain Management
• Anti-corruption

Environmental Achievements

• Implemented measures to enhance environmental protection awareness among employees, aiming to save energy, fully utilize resources, and recycle waste. Reduced paper consumption from 667.12 kg to 639.00 kg.
• Reduced direct GHG emissions from mobile combustion sources (Scope 1): Carbon dioxide from 50,048.8 kg to 34,501.11 kg; Methane from 101.14 kg to 56.61 kg; Nitrous oxide from 7,002.41 kg to 3,935.85 kg.
• Reduced indirect GHG emissions resulting from purchased electricity and water processing (Scope 2) from 17,493.88 kg to 14,494.79 kg.

Social Achievements

• Maintained good relationships with employees, offering competitive salaries, bonuses, and allowances. Implemented an annual review system for performance assessment.
• Established a safe and healthy working environment, certified to ISO 45001 and bizSAFE Level Star. Two injury cases reported, resulting in seven lost working days.
• Implemented measures to combat COVID-19, including providing face masks and disinfectants, enforcing hygiene requirements, and providing educational materials.

Governance Achievements

• Complied with all code provisions in the Corporate Governance Code.
• All Directors confirmed full compliance with the Model Code for Securities Transactions by Directors of Listed Issuers.
• Established an audit committee, remuneration committee, and nomination committee, all with written terms of reference.

Climate Goals & Targets

Environmental Challenges

• Significant slowdown in the progress of the Group’s electrical engineering works due to the Circuit Breaker measures imposed by the Singapore Government from 7 April 2020 to 1 June 2020 to combat COVID-19.
• Uncertainty of the development of the COVID-19 outbreak.

Mitigation Strategies

• Singapore Government introduced several stimulus packages to mitigate the impact of COVID-19.
• Implemented measures to combat COVID-19 (see Key Achievements - Social).

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Approved lists of suppliers and subcontractors are maintained. Procurement is only made from these approved parties. Suppliers are selected based on environmental compliance, quality of materials, and potential conflicts of interest. Subcontractors are selected based on safety records, quality of work, environmental compliance, complaint records, labor practices, and potential conflicts of interest.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: ISO 9001:2008, ISO 45001:2018, ISO 14001:2004

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Named as one of the 6 Singapore companies among Forbes’ Top 200 Listed Asia-Pacific firms with less than US$1 billion sales (18 August 2020)

Environmental Metrics

ESG Focus Areas

• Climate Change
• Occupational Health and Safety
• Employment Practices
• Supply Chain Management
• Customer Relations
• Anti-Corruption

Environmental Achievements

• Implemented an energy-use efficiency target of reducing energy use by 20% based on FY 2021 levels for electricity, paper and water.
• Set an emissions reduction target of 20% of the Group’s emissions over five years compared with FY 2021. Plan to gradually replace petrol vehicles with electric vehicles.

Social Achievements

• Maintained good relationships with employees, offering competitive salaries, bonuses, and benefits.
• Implemented measures to combat the COVID-19 pandemic, including providing face masks and disinfectant, requiring adherence to hygiene requirements, and placing educational material.
• Provided adequate training and on-site training for employees.
• Complied with all laws and regulations relating to the prevention of child labour or forced labour.

Governance Achievements

• Complied with all code provisions in the Corporate Governance Code.
• Established an anti-corruption policy and procurement practices, prohibiting kickbacks and commissions.
• Adopted a whistle-blowing policy to encourage reporting of concerns.

Climate Goals & Targets

Environmental Challenges

• Significant decrease in revenue due to the Circuit Breaker measures imposed by the Singapore Government and the resurgence of COVID-19 cases globally.
• Severe supply chain disruption and manpower shortages, causing a significant increase in material and labour costs.
• Heightened alert measures in May 2021 further delayed project progress.

Mitigation Strategies

• Closely monitoring the situation and maintaining constant contact with subcontractors and suppliers.
• Implementing safe management measures at project sites in accordance with Singapore Government regulatory requirements.
• Adopting a Reduce, Replace and Reuse approach to energy use efficiency.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Maintaining approved lists of suppliers and subcontractors; selecting suppliers based on environmental compliance, quality of materials, and conflict of interest; selecting subcontractors based on safety record, quality of work, environmental compliance, complaint records, labour practices, and conflict of interest.

Climate-Related Risks & Opportunities

Physical Risks

• Flood risks

Transition Risks

• Market risk in construction materials

Opportunities

• Development of energy-efficient products and smart technology (smart lighting).

Reporting Standards

Frameworks Used: Null

Certifications: ISO 14001:2015, ISO 45001, bizSAFE STAR

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Smart lighting

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Received a Certificate of Commendation from a main contractor in appreciation of continued support in maintaining a safe and healthy workplace (March 12, 2022)
• Established an energy-use efficiency target of reducing energy use by 20% based on FY 2021 levels for electricity, paper and water.
• Environmental management system in conformance with the ISO 14001:2015 international standard.

Social Achievements

• Maintained good relationship with employees, offering salaries, bonuses, and allowances; annual review system for performance assessment.
• Established stable business relationships with major customers; majority of top 5 customers have long-standing relationships (4-11 years).
• Occupational health and safety system; ISO 45001:2018 certified and bizSAFE STAR certified.
• Comprehensive recruitment process verifying applicant age and background; regular site inspections to prevent child or forced labor.
• Implemented measures to combat COVID-19 pandemic: provided masks and disinfectant, enforced hygiene requirements, developed workplace guidelines, ensured vaccine compliance.

Governance Achievements

• Complied with all code provisions in the Corporate Governance Code.
• All Directors fully complied with the Model Code for Securities Transactions by Directors.
• Board reviewed the effectiveness of the risk management and internal controls systems.
• Established an audit committee, remuneration committee, and nomination committee, all with written terms of reference.
• Adopted a board diversity policy.

Climate Goals & Targets

Environmental Challenges

• Severe supply chain disruption and manpower shortages due to COVID-19 and stringent border controls.
• Safe Management Measures (SMMs) affecting project progress.
• Russo-Ukrainian War adding pressure and disruption to the global supply chain, boosting inflation and increasing material and transportation costs.
• Significant decrease in revenue and gross profit due to COVID-19 and related restrictions.

Mitigation Strategies

• Closely monitoring the situation and evaluating the impact on the timeline to utilize unutilized reallocated net proceeds.
• Easing of SMMs and border controls since April 2022, allowing migrant workers to return to Singapore.
• Implementing cost overrun of ongoing projects in anticipation of productivity loss and prolongation of project timeline.
• Gradually replacing petrol vehicles with electric vehicles to reduce emissions.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Environmental compliance of products
• Quality of materials
• Conflict of interest checks
• Past safety record
• Quality of work
• Environmental compliance
• Complaint records
• Labor practices
• Conflict of interest checks

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather disrupting operations

Transition Risks

• Stringent climate legislation and regulations

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Appendix 27 “Environment, Social and Governance Reporting Guide” to the Rules Governing the Listing of Securities

Certifications: ISO 14001:2015, ISO 45001:2018, bizSAFE STAR

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Certificate of Commendation (March 12, 2022)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced GHG emissions (Scope 1) from 142.14 tonnes CO2e to 123.64 tonnes CO2e
• Reduced GHG emissions (Scope 2) from 15.29 tonnes CO2e to 15.33 tonnes CO2e
• Reduced paper consumption from 607 kg to 781 kg
• Reduced water consumption from 55.1 cubic meters to 52.9 cubic meters

Social Achievements

• Maintained ISO 45001:2018 and bizSAFE STAR certifications for occupational health and safety
• Received Certificate of Commendation for workplace safety
• Provided regular safety training to site staff
• Implemented COVID-19 prevention measures in the workplace

Governance Achievements

• Complied with all code provisions in the Corporate Governance Code
• Established an ESG Working Group
• Maintained a sufficient minimum public float
• Adopted a board diversity policy

Climate Goals & Targets

Environmental Challenges

• Decrease in gross profit margin due to increased cost of raw materials, wages, and sub-contracting costs
• Increase in provision for impairment of contract assets
• Increase in exchange loss
• Potential mismatch in time between receipt of progress payments from customers and payments to suppliers
• Reliance on contracts awarded through tendering or quotation processes
• Significant cost overruns
• Unsatisfactory performance and/or unavailability of suppliers

Mitigation Strategies

• Closely monitoring the movement of foreign currency rates and taking appropriate measures to deal with foreign exchange exposure
• Adopting a prudent cash and financial management policy
• Implementing a risk management policy for identifying and mitigating different risks, including climate-related risks
• Regularly monitoring existing and emerging trends, policies, and regulations relevant to climate
• Maintaining an internal list of approved suppliers and subcontractors
• Regularly inspecting the quality and progress of work delivered by subcontractors

Supply Chain Management

Supplier Audits: Regular inspections of quality and progress of work

Responsible Procurement

• Environmental compliance of products
• Quality of materials
• Background checks for conflict of interest

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (typhoons, storms, heavy rains)

Transition Risks

• Stringent climate legislation and regulations

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: ESG Reporting Guide (Appendix 27 to the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited)

Certifications: ISO 45001:2018, bizSAFE STAR

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Certificate of Commendation (March 12, 2022)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced GHG emissions (Scope 1) from 123.64 tonnes CO2e to 41.98 tonnes CO2e.
• Reduced GHG emissions (Scope 2) from 15.33 tonnes CO2e to 16.54 tonnes CO2e.
• Reduced nitrogen oxides emissions from 274,906.09 grams to 262,182.41 grams.
• Reduced respiratory suspended particles emissions from 16,164.81 grams to 13,802.89 grams.
• Reduced paper consumption from 781 kg to 665 kg.

Social Achievements

• Maintained ISO 45001:2018 and bizSAFE STAR certifications for occupational health and safety.
• Received Certificate of Commendation for workplace safety.
• Provided training to 100% of employees (average 23.2 hours for males, 24 hours for females).

Governance Achievements

• Complied with all code provisions in the Corporate Governance Code.
• Established an ESG Working Group to oversee sustainability initiatives.
• Maintained a sufficient minimum public float under the Listing Rules.

Climate Goals & Targets

Environmental Challenges

• Revenue reliance on project tenders.
• Potential cost overruns.
• Supplier performance and availability.
• Cash flow mismatch between customer payments and supplier payments.
• Stringent climate legislation and regulations.
• Extreme weather events disrupting operations.

Mitigation Strategies

• Close monitoring of liquidity position.
• Risk management policy and quarterly meetings with divisions.
• Regular monitoring of existing and emerging climate-related policies and regulations.
• Implementation of fast-response measures and regular inspections to prevent flooding at sites.
• Adoption of electric vehicles and promotion of efficient vehicle use.

Supply Chain Management

Supplier Audits: Regular inspections of supplier performance and environmental compliance.

Responsible Procurement

• Approved lists of suppliers and subcontractors; procurement only from approved sources; consideration of environmental compliance, quality of materials, and potential conflicts of interest.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (typhoons, storms, heavy rains)

Transition Risks

• Stringent climate legislation and regulations

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: ESG Reporting Guide (Appendix C2 to the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited)

Certifications: ISO 14001:2015, ISO 45001:2018, bizSAFE STAR

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Certificate of Commendation from a main contractor (March 12, 2022)