OUR SUSTAINABILITY APPROACH Why it is Material How We Manage It UN SDGs ENVIRONMENT Environmental Protection Climate change is an issue of urgency and importance. A low carbon business strategy is not only good for the environment, but also enables us to better respond to climate change related regulations and price volatilities of hydrocarbon resources. Environmental efforts are coordinated by the Environment Committee. All our material business units in Singapore are certified ISO 14001 Environmental Management Systems. Our global operations abide by relevant environmental regulations and requirements. Productivity Staying lean, efficient and effective in our systems and process, optimises the use of our resources and is fundamental to maintaining our competitive edge. Productivity efforts are coordinated by the Continuous Improvement Committee. Initiatives such as Kaizen, quality action teams and value innovation teams are embedded into day-to-day operations. We empower employees to identify and eliminate waste and also recognise exemplary contributions. Green Products & Services Cities and organisations around the world are looking to minimise their carbon footprint while reducing operating costs. Our technology community actively looks into the design and development of products that are more sustainable. Our engineers incorporate green considerations not just into end products, but also into responsible production and through-life support. Through these efforts, we are able to empower and enable our customers to become more sustainable. SOCIAL People Excellence We are only as strong as our people. With a capable, motivated and agile workforce, we are able to strengthen our talent pipeline to pursue sustainable growth. Our people and culture strategy seeks to enhance our capability and capacity for growth, build a passionate and engaged workforce, and position us at the forefront of people practices. This proposition is realised through talent attraction and management, career development, diversity and inclusion, a fair reward system, work-life integration and harmonious union relations. Total Workplace Safety & Health We are committed to “Safety Before Profit”. A safe and healthy workplace protects workers from injury, stress and illness, and also reduces absenteeism and turnover. It also increases productivity and raises employee morale. This duty of care extends to our visitors and contractors working within our premises. Workplace safety and health efforts are coordinated by the Workplace Safety & Health Committee. All our material business units in Singapore are certified ISO 45001 Occupational Health and Safety Management Systems. Our global operations abide by relevant workplace safety regulations and requirements. Quality Products & Services Customers rely on us to meet their operational needs. Our products must be compliant with all relevant regulations and be safe to produce, operate and maintain. It must also be reliable over the product’s lifecycle. In addition, our services must meet our customers’ requirements and be delivered at the promised quality and within the committed turnaround time. Our quality efforts are coordinated by the Quality Committee. The majority of our operations are certified ISO 9001 Quality Management Systems or equivalent. We design, manufacture and service our products in accordance with industry standards and meet all regulatory requirements. In addition, we actively work with our suppliers and collaborators to ensure that we provide high quality bought-in parts and services. We also regularly seek feedback from our customers to continuously improve our products and services. Responsible Procurement We depend on a resilient and sustainable supply of goods and services to meet our business needs. We are committed to managing our suppliers ethically and working with them to ensure a responsible supply chain. Our procurement community champions the effective management of our suppliers to align business behaviours, drive greater efficiencies, streamline processes and build greater resilience. We work with our suppliers to embed responsible procurement principles into our processes. Economic Performance Inclusive growth and value creation for our stakeholders are key to our long-term viability. We are committed to delivering a sustainable and balanced triple bottom line of “People, Planet, Profit.” Our strategic planning community reviews the Group’s strategy in the context of global trends and developments. Our operations and support function teams focus on operational excellence to ensure that we continue to add value to our stakeholders and impact our communities in a positive manner. Corporate Community Contributions We are committed to being a good corporate citizen in the places where we operate. Making a positive impact in our host communities is aligned with our core value of compassion. Corporate community contributions are coordinated by the Corporate Social Responsibility Committee. We measure, report and communicate our corporate community investments and philanthropy efforts. GOVERNANCE Ethical Business & Regulatory Compliance We comply with applicable laws and regulations in the jurisdictions where we operate. We have zero tolerance for fraud and corrupt practices. In addition, we actively protect our data and those entrusted to us by our stakeholders. The Risk & Assurance function oversees matters relating to governance, risk and compliance. It has put in place a regulatory compliance framework to continually train our global workforce on our Code of Business Conduct and Ethics. The department also works with relevant functions and operations to strengthen compliance. MATERIAL ESG FACTORS OVERVIEW OUR SUSTAINABILITY APPROACH ENVIRONMENTAL SOCIAL GOVERNANCE AWARDS INDEX 14 ST ENGINEERING SUSTAINABILITY REPORT 2021
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