Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Using sustainable materials in buildings (Laminate flooring, AAC Brick, Paint, energy-efficient air conditioners and lighting)

Social Achievements

• Launched 2 pilot Family Resource Centers (FRCs) providing programs for children and adults; Project Life collaboration to distribute medicine and oxygen concentrators during the COVID-19 pandemic; partnership with ULSA2 for capacity building in social work; '4ward with Lakeside Family Services' fundraising campaign resulting in 1.2 million steps; maintained flexible working arrangements and provided ART kits to employees.

Governance Achievements

• Enforced anti-corruption policies; maintained a whistle-blowing channel; conducted anti-corruption communication and training.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting operations and community programs; limited data connectivity in some provinces hindering community engagement.

Mitigation Strategies

• Implemented flexible working arrangements; provided ART kits; shifted FRC programs online; maintained individual communication with NGO leaders; Project Life initiative to address urgent COVID-19 needs.

Supply Chain Management

Responsible Procurement

• Emphasis on local sourcing; transparency and integrity in procurement practices.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards, UN Sustainable Development Goals (SDGs)

Environmental Metrics

ESG Focus Areas

• Affordable housing
• Community development
• Social impact
• Governance
• Environmental sustainability

Environmental Achievements

• Not disclosed

Social Achievements

• Established 3 Family Resource Centres (FRCs) in existing NHO developments, serving hundreds of families and thousands of residents.
• Raised close to S$60k to purchase life-saving oxygen concentrators during the COVID-19 pandemic.
• Resumed air travel and brought stakeholders to visit developments in Vietnam.
• Reached full occupancy at One Commonwealth investment properties.

Governance Achievements

• Improved Singapore Governance and Transparency Index ranking from #365 in FY2020 to #55 in FY2022.
• Successfully raised approximately S$7 million from new share placement.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic disruptions
• Political & Policy Risk in Vietnam
• Investment & Divestment Risk
• Regulatory & Compliance Risk
• Environmental Climate Related Risk

Mitigation Strategies

• Leveraged technology and virtual meetings to increase sector-wide capacity through training programs.
• Worked creatively and tirelessly with social impact partnership team.
• Established partnerships with experienced managers and a strategic local partner in Vietnam.
• Conducted independent risk evaluation for all live projects.
• Implemented a framework to proactively identify applicable laws and regulatory obligations.
• Developing a Task Climate Financial Disclosure (TCFD) roadmap in 2023.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Transparency and integrity
• Quality, Service, Price (QSP) comparison
• Declaration of interest with every vendor proposal

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards, UN Sustainable Development Goals (SDGs)

Certifications: Null

Third-party Assurance: Internal review by BDO Advisory Pte Ltd; no external assurance

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Affordable Housing
• Community Development (Family Centers)
• Capacity Building & Local Partnerships
• Environmental Impact
• Employee Development

Environmental Achievements

• Established baseline year for GHG and TCFD reporting in 2023.

Social Achievements

• Completion of Dragon Castle (1,288 affordable housing units) in Ha Long Bay.
• Established 3 Family Centers and 2 kindergartens in existing NHO developments.
• Increased sector-wide capacity through training programs in early childhood education and community development.
• Maintained full occupancy at One Commonwealth investment properties.

Governance Achievements

• Improved Singapore Governance and Transparency Index ranking from #55 in 2022 to #23 in 2023.
• Successfully raised approximately S$7 million through a share placement exercise.

Climate Goals & Targets

Environmental Challenges

• Dampened consumer sentiment in Vietnam due to global socio-political and economic concerns.
• Remaining competitive in the affordable housing market in Vietnam.
• Data limitations in comprehensive GHG emissions data for some holding companies.

Mitigation Strategies

• Providing a holistic suite of community amenities to enhance project value proposition.
• Strengthening strategic collaborations with overseas partners and building in-country ownership and capacity.
• Focusing resources on areas where meaningful emissions reductions can be achieved.
• Improving data collection processes for future reporting.

Supply Chain Management

Responsible Procurement

• NHO guidelines require all contractors to comply with local governmental and legal requirements. Preference given to contractors with ISO 9001, ISO 14001, and ISO 45001 certifications.

Climate-Related Risks & Opportunities

Physical Risks

• Sea level rise/flooding
• Increased frequency of extreme weather events

Transition Risks

• Reputation risk associated with consumer demand for green products
• Policy and legal risk related to energy policy

Reporting Standards

Frameworks Used: GRI 2021 Standards, UN Sustainable Development Goals (SDGs), TCFD

Certifications: B Corp

UN Sustainable Development Goals

• Not disclosed