Singapore entities following the accident, reviewed our material handling operations and intensified safety assessments. We continued to emphasise the importance of workplace safety across our businesses and our commitment to “Safety Before Profits”. People: We promote the professional and personal development of our employees. For example, we launched a series of employee-centric learning campaigns on topics such as leadership, digitalisation and cybersecurity. This promotes a culture of continuous learning among our people as workplace needs and challenges, as well as industry expectations continue to evolve. Community: We serve our communities through a combination of volunteer work, skills-based contributions as well as in-kind and monetary support. In 2022, we contributed close to $2.9m to community causes. Materiality and Disclosures: In 2022, we reviewed and refreshed our material ESG factors to include Technology & Innovation and Cybersecurity & Data Protection. We continue to deepen and broaden our disclosures in line with the evolving international and local frameworks, including GRI, SASB, SGX and TCFD. Data: We launched a group-wide sustainability reporting platform to improve the accuracy, traceability and transparency of our data. UNGC: We submitted our inaugural Communication on Progress to UNGC. It demonstrated our commitment to adhering to the UNGC’s Ten Principles in the areas of Human Rights, Labour, Environment and Anti-Corruption. ENABLING OUR CUSTOMERS Our commitment to supporting our customers’ sustainability efforts is underpinned by our target to increase our sustainability-linked revenue to more than $3 billion by 2026. This was announced at our Investor Day in November 2021. We continue to grow our current businesses to support the: • Reduction of GHG emissions • Solving of urban and city challenges • Growth of the circular economy New Solutions: Our businesses continue to create new solutions including an Airbitat Data Centre Cooling System and a Carbon Prospecting Dashboard. This is augmented by a pipeline of new business ventures which we are building through our In.Vent innovation platform. In.Vent enables us to support good business ideas with strong growth potential while being aligned to sustainability considerations and impact. Opportunities: As part of our TCFD journey, we identified several new climate-related opportunities. These include areas relating to energy management, new materials, the carbon services value chain and other emerging green technology applications. Suppliers: We initiated a review of our supply chain risks and opportunities to take into account the ongoing geopolitical, pandemic and climate change impact. Our Supplier Code of Conduct was also strengthened, including in the areas of conflict minerals, human rights and export control. COMMITMENT TO THE JOURNEY ST Engineering continues to be committed to sustainability, whether in our own operations or through enabling our customers and communities. We will continue to leverage our diverse capabilities and partner with other innovative firms and institutions. This will help us to build the depth of expertise and breadth of technologies, which will enable us to move towards greater sustainability in our businesses and operations globally. Sincerely, VINCENT CHONG SY FENG Group President & CEO 28 February 2023 OVERVIEW OUR SUSTAINABILITY APPROACH ECONOMIC ENVIRONMENTAL SOCIAL GOVERNANCE INDEX 07
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