The Sustainability Framework outlines SIAEC’s approach in management of our sustainability topics under four key pillars, which are aligned to the six capitals (financial, manufactured, intellectual, human, natural, and social and relationship capitals) defined by the International Integrated Reporting Council, and are in support of the 13 United Nations Sustainable Development Goals (UN SDGs).
Exploring emerging technology and adopting innovative solutions
Forming JVs and partnerships with OEMs and strategic partners
Broadening service offerings through expanding capabilities
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Sustainability Topics |
2030 Goals |
|---|---|
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Sustainable Economic Growth |
Continue to generate and distribute sustainable economic value to our shareholders and stakeholders, while ensuring long-term value creation
Continue to expand our capabilities and geographical footprint to better serve customers' needs
Continue to develop innovative solutions to aid employees in enhancing safety and efficiency, meet customers' changing needs and stay at the forefront of the industry |
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Service Quality |
No major findings from audits by aviation authorities |
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Resilient and Responsible Supply Chain |
Strong collaboration with key suppliers who support our sustainability ambitions, to work towards a sustainable supply chain |
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Sustainability Topics |
2030 Goals |
|---|---|
|
Governance and Compliance |
No material non-compliance with applicable laws and regulations |
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Data Protection and Cybersecurity |
No major incidents of cybersecurity and data breaches |
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Climate Action |
Halve Scope 1 and 2 Emissions (against FY19/20 baseline) and towards net-zero emissions by 2050 |
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Environmental Management |
15% reduction in water intensity (against average intensity from FY2017/18 to FY2019/20)
30% recycling rate
No major incidents of non-compliance with environmental regulations |
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Community and Social Vitality |
Continue to support underprivileged and raise awareness on environmental sustainability |
Staff participating in beach cleanup
Learning journey to St John’s National Marine Laboratory to learn about biodiversity in Singapore and the impact of microplastics
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Sustainability Topics |
2030 Goals |
|---|---|
|
Employee Well-being and Safety |
No work-related fatalities |
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Human Capital Management |
Grow capabilities and continuous improvement culture for sustainable business growth |
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Diversity, Equity and Inclusion |
No incidences of discrimination |
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Labour-Management Relations |
Maintain harmonious industrial relations through collaborative partnerships |
STAR Award as recognition for staff
Training programmes and development schemes to support employees
