Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced electrical energy consumption by 3.3% year-on-year (from 52,796,875 kWh in 2018 to 51,041,529 kWh in 2019).
• Reduced diesel consumption by 6.2% year-on-year (from 68,093 liters in 2018 to 63,868 liters in 2019).
• Reduced petrol consumption by 15.1% year-on-year (from 68,268 liters in 2018 to 57,941 liters in 2019).
• Reduced hazardous waste by 3.5% (from 144 tonnes in 2018 to 139 tonnes in 2019).
• Reduced non-hazardous waste by 21.7% (from 1,093 tonnes in 2018 to 856 tonnes in 2019).

Social Achievements

• Implemented a strategic reward system based on employees’ abilities, performance, contributions, and experiences.
• Organized recreational activities for employees (food fairs, company trips, etc.).
• Provided a variety of training and personal development opportunities for employees.

Governance Achievements

• Established a Corporate Business Ethics and Code of Conduct Policy.
• Adopted a Fraud Risk Management Policy.
• Implemented a Whistle Blowing Policy.
• Conducted annual refresher training on anti-corruption and whistle-blowing policies.
• Maintained ISO 14001 certification across all operating sites.

Climate Goals & Targets

Environmental Challenges

• Increased water consumption in 2019 (9.5% year-on-year increase) due to increased floor area, cleaning, and a pipe leakage.
• Death of an employee in a Chinese factory deemed work-related.
• Increased employee turnover (from 37.9% in 2018 to 59.0% in 2019), partly due to a redundancy exercise.

Mitigation Strategies

• Monitoring meter readings and maintenance of water fittings to minimize leakage.
• Strengthening safety management practices to minimize workplace injuries.
• Targeting to maintain employee turnover rate within 10% of the 2016 level.

Supply Chain Management

Responsible Procurement

• Vendor evaluation assessment yearly; replacing toxic substances with environmentally friendly substitutes; purchasing environmentally friendly materials with accredited green labels upon customer requests.

Climate-Related Risks & Opportunities

Reporting Standards

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

Certifications: ISO 14001

Environmental Metrics

ESG Focus Areas

• Economic Performance
• Environmental
• Social
• Governance

Environmental Achievements

• Reduced energy consumption by 25.0% year-on-year to 38,260,378 kWh.
• Decreased energy intensity by 5.3% to 0.249 kWh per dollar of revenue.
• Reduced diesel consumption by 16.6% to 53,297 liters.
• Reduced petrol consumption by 51.6% to 28,054 liters.
• Reduced water consumption by 23.7% year-on-year to 205,773 m3.
• Reduced hazardous waste by 21.6% to 109 tonnes.
• Reduced non-hazardous waste by 7.6% to 791 tonnes.
• Achieved estimated annual saving of at least 300 tonnes of paper by using reusable containers.

Social Achievements

• Maintained average electricity consumption per dollar of revenue
• Maintained average water consumption per dollar of revenue
• 100% of employees receive an annual performance review
• Organized recreational trip for employees in Zhuhai, China
• Increased average training hours per employee to 20 hours from 14 hours in 2019.

Governance Achievements

• Zero incidents of workplace fatalities.
• Zero incidents of non-compliance with environmental laws and regulations resulting in significant fines or sanctions.
• Zero significant chemical spillage.
• Zero incidents of non-compliance with forced or compulsory labour.
• Zero incidents of non-compliance with child labour.
• No identified leaks, thefts or losses of customer confidential information.
• No confirmed incidents of corruption.

Climate Goals & Targets

Environmental Challenges

• Business disruptions due to Covid-19 containment measures and weaker end-user demand.
• Higher employee turnover rate (48.4%) due to factory closures and travel restrictions.

Mitigation Strategies

• Implemented business continuity plan and measures to ensure employee well-being and operational sustainability.
• Streamlined China operations to improve resource utilization and energy efficiency.
• Actively filled vacant positions.

Supply Chain Management

Supplier Audits: Yearly vendor evaluation assessment

Responsible Procurement

• Responsible procurement of materials; work with vendors to replace toxic substances with environmentally-friendly substitutes; purchase environmentally-friendly materials with accredited green labels upon customer requests.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards 2016 – Core reporting requirements (GRI 2018 for Occupational Health and Safety)

Certifications: ISO 9001:2015, ISO 13485:2016, ISO 14001:2015, IATF 16949:2016

Awards & Recognition

• Singapore 1000 Company 2020

Environmental Metrics

ESG Focus Areas

• Economic Performance
• Environmental
• Social
• Governance

Environmental Achievements

• Reduced energy consumption by 3.3% year-on-year (from 41,331,000 kWh in 2020 to 39,983,951 kWh in 2021)
• Reduced water consumption by 32.0% year-on-year (from 205,773 m3 in 2020 to 140,017 m3 in 2021)
• Reduced hazardous waste by 36.7% (from 109 tonnes in 2020 to 69 tonnes in 2021)
• Reduced non-hazardous waste by 21.4% (from 791 tonnes in 2020 to 622 tonnes in 2021)
• Zero incidents of non-compliance with environmental laws and regulations resulting in significant fines or sanctions

Social Achievements

• 100% of employees receive an annual performance review
• Permanent employee turnover rate not exceeding 30%
• Zero incidents of workplace fatalities
• Zero incidents of non-compliance with forced or compulsory labour
• Zero incidents of non-compliance with child labour

Governance Achievements

• No confirmed incidents of corruption
• Zero incidents of non-compliance with environmental laws and regulations resulting in significant fines or sanctions
• No identified leaks, thefts or losses of customer confidential information

Climate Goals & Targets

Environmental Challenges

• Business disruptions due to bottlenecks in global supply chains, causing disruptions in the production of raw materials and delay in shipments
• Increased lost-time injury rate from 4.54% in 2020 to 8.97% in 2021 due to inattention to safety requirements and mandatory reporting changes.

Mitigation Strategies

• Implemented initiatives to enhance energy efficiency (e.g., use frequency conversion air compressors, replace light fittings with LEDs, regular maintenance of plant & machinery)
• Implemented initiatives to improve water management and promote water conservation (e.g., record/monitor meter readings, regular maintenance of water fittings, education on water saving)
• Implemented a “3R” approach towards waste management – “REDUCE, REUSE AND RECYCLE”, including waste bin management program, recycling program, and vendor evaluation assessment.
• Strengthened workplace safety practices in response to increased lost-time injury rate, including stepped-up employee safety briefings.

Supply Chain Management

Supplier Audits: Yearly basis

Responsible Procurement

• Responsible procurement of materials
• Work closely with vendors to replace toxic substances with environmentally-friendly substitutes
• Purchase environmentally-friendly materials with accredited green labels upon requests from customers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards 2016 – Core reporting requirements (GRI 2018 for Occupational Health and Safety), SGX-ST Listing Rules 711A and 711B

Certifications: ISO 14001

Environmental Metrics

ESG Focus Areas

• Economic
• Environmental
• Social
• Governance

Environmental Achievements

• Decreased average electricity consumption per dollar of revenue
• Maintained average water consumption per dollar of revenue
• Zero significant chemical spillage
• Recycled 43% (50.0 tonnes) of hazardous waste, and 60% (457.2 tonnes) of non-hazardous waste in 2022

Social Achievements

• No confirmed incidents of corruption
• Permanent employees turnover rate not exceeding 30%
• 100% of employees receive an annual performance review
• Zero incidents of workplace fatalities
• Zero incidents of non-compliance with forced or compulsory labour
• Zero incidents of non-compliance with child labour

Governance Achievements

• Zero incidents of non-compliance with environmental laws and regulations resulting in significant fines or sanctions
• No identified leaks, thefts or losses of customer confidential information

Climate Goals & Targets

Environmental Challenges

• Increased administrative expenses, lower foreign exchange gain and other income leading to decreased net profit.
• Higher amount of hazardous waste stemmed from the higher rate of machine maintenance
• Increased non-hazardous waste due to decommissioning and disposing metal from end-of-life mould, as well as disposing of accumulated waste from some of our factories.

Mitigation Strategies

• Implementing initiatives to enhance energy efficiency (use frequency conversion air compressors, replace older air conditioners and machinery, optimize production planning, regular maintenance, replace lights with LEDs)
• Rectification of water leaks, and reduction in the use of water consuming machinery
• Proper waste sorting and disposal methods complying with local regulations
• Engaging licensed collection vendors for hazardous waste disposal
• Diverting waste from disposal where possible

Supply Chain Management

Supplier Audits: Yearly vendor evaluation assessment

Responsible Procurement

• Responsible procurement of materials; work closely with vendors to replace toxic substances with environmentally-friendly substitutes; purchase environmentally-friendly materials with accredited green labels upon requests from customers

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (flooding, droughts)

Reporting Standards

Frameworks Used: GRI 2021 Standards

Certifications: ISO 14001

Environmental Metrics

ESG Focus Areas

• Economic Performance
• Protecting the Environment
• Developing Our Workforce
• Practicing Good Governance

Environmental Achievements

• 32,356 MWh of electricity consumed, indicating a 4.0% decrease compared to FY2022.
• 97,986 m3 of water consumed, indicating a 14.1% decrease compared to FY2022.
• 4.3% reduction in hazardous waste produced.
• 6.5% decrease in GHG emissions compared to FY2022 (22,286 tCO2e)

Social Achievements

• Zero forced labour or child labour.
• Zero workplace fatalities.
• 1:1 ratio of male and female employees.

Governance Achievements

• Zero confirmed incidents of corruption.
• Zero incidents of non-compliance with environmental laws and regulations resulting in significant fines or sanctions.
• Zero incidents of non-compliance with data protection laws.

Climate Goals & Targets

Environmental Challenges

• Heightened regulatory oversight and reporting obligations
• Increasing energy prices
• Disruption caused by sustainable technologies
• Shift in customer preferences towards eco-friendly products
• Negative perceptions among stakeholders
• Extreme weather events (floods, heatwaves, typhoons)
• Water stress due to diminishing water resources

Mitigation Strategies

• Closely monitor changes in regulatory requirements through collaboration with SSC, STF, and external consultants.
• Installation of solar panels (Singapore facilities completion in Q2 FY2024, expansion planned for other locations).
• Progressively replacing hydraulic machinery with electric alternatives.
• Discussions with suppliers and customers regarding the utilization of biodegradable bio-resin.
• Prioritize open communication with stakeholders.
• Comprehensive emergency response plan, global supplier diversification.
• Enhancing water efficiency (water-saving taps, real-time monitoring systems, rainwater harvesting).

Supply Chain Management

Supplier Audits: Annual vendor evaluation assessments

Responsible Procurement

• Compliance with environmental laws and regulations
• Use of materials with accredited green labels
• Collaboration with suppliers to replace harmful substances with environmentally friendly alternatives
• Signing RoHS and REACH agreements with all suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (floods, heatwaves, typhoons)
• Water stress

Transition Risks

• Heightened regulatory oversight
• Increasing energy prices
• Disruption from sustainable technologies
• Shift in customer preferences
• Negative stakeholder perceptions

Opportunities

• Government support for sustainability projects
• Innovation in sustainable technologies
• Use of eco-friendly materials
• Renewable energy integration
• Effective communication of sustainable practices

Reporting Standards

Frameworks Used: SGX-ST Section B: Rules of the Mainboard Listing Rule 711A and 711B, SGX-ST Practice Note 7.6 Sustainability Reporting Guide, GRI Standards, TCFD recommendations

Certifications: ISO 14001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 3 – Good Health and Well-being
• Goal 5 – Gender Equality
• Goal 8 – Decent Work and Economic Growth
• Goal 9 – Industry, Innovation and Infrastructure
• Goal 12 – Responsible Consumption and Production
• Goal 13 – Climate Action

Initiatives described in the report contribute to these goals through various programs and practices.

Sustainable Products & Innovation

• Biodegradable bio-resin for disposables, consumables, and packaging caps