Chip Eng Seng is committed to sustainably growing our business and we recognized the growing importance of good performance in environmental, social and governance (“ESG”) issues for a range of stakeholders. We firmly believe that forging good relationships with our stakeholders is crucial for the sustainable growth of our business.
Sustainability is one of key pillars of our business strategy that underpins our value creation process. As our business in construction and property development consume significant resources, energy, materials and also employs large numbers of workers. Chip Eng Seng aims to improve energy efficiency, water conservation, waste management and to minimize the emissions footprint from buildings we construct, develop or manage. The well-being of our workers and workplace safety and health, a critical issue for the construction sector is also amongst one of a top priority for us. Our customers’ personal data privacy is paramount and have in place controls system to prevent any unauthorized exposure. Chip Eng Seng maintains zero-tolerance position against bribery and corruption and is committed to compliance with applicable economic, labour and social laws and regulations.
All these ambitions in turn support the United Nations Sustainability Development Goals (“SGDs”). The scale and ambition of the SDGs require the collective effort of governments, businesses, organisations and all levels of society. Chip Eng Seng believes in playing its part to help meet these goals. In 2018, we mapped our business operations with the SDGs and had identified the goals where we can make a contribution. In 2019, we continued strategic integration of the SDGs into our business and had identified specific SDGs targets to monitor our contribution to sustainable development.
The details of how our material topics support the specific SDGs targets can be found in our latest Sustainability Report.
Chip Eng Seng’s Board provides strategic direction for adopting and implementing sustainability strategies and policies and oversees the management and monitoring of the sustainability policies. The Sustainability Management Committee (“SMC”), chaired by the Group’s CEO with the Group’s CFO as the deputy chairman, supervises the adoption and implementation of the sustainability strategies and policies and provides regular updates to the Board.
A project team assists the SMC with executives drawn from across the Group’s diverse business functions. The project team is responsible for collecting sustainability performance data for monitoring and reporting. A senior executive acts as project coordinator and works closely with the project team to ensure the necessary ESG performance data is gathered for sustainability reporting.
Senior representatives from various business functions actively contribute to the sustainability initiatives.
We follow the GRI standards and principle to determine material topics for sustainability reporting. We conducted our first materiality assessment in 2017 to identify Chip Eng Seng’s significant impacts on the economy, the environment and society while developing our inaugural sustainability report. Senior management representatives from all business units and functions attended a materiality workshop conducted by an external sustainability expert to review and assess stakeholder concerns and the critical sustainability issues relating to our business activities.
In 2020, we carried out a detailed materiality assessment and had mapped out the keys issues spanning various new businesses activities. These material factors are included in our Sustainability Reports.
Our updated material topics, where they occur and our management approach can be found in our latest Sustainability Report.
Our stakeholders include customers, employees, contractors, subcontractors, suppliers, investors, local community, industry partners, government agencies and regulators. The first step in determining issues that are material to Chip Eng Seng is through stakeholders’ engagement. This provides insight into the perspectives of our stakeholders and what they deem critical in the context of their relationship with us. A good understanding of their views and opinions of our stakeholders is essential for the Company to improve our performance and to drive long-term sustainability growth of our business.
We engage our stakeholders through various platforms throughout the year to determine material topics for sustainability reporting. The frequency of our engagement varies by stakeholder groups and depends on mutual needs and expectation.
Our latest Sustainability Report provide more details on how we engage our stakeholders.
The table below presents quantitative data that reflects our performance in areas that have been identified as material to our businesses and stakeholders.
More performance data, including qualitative data on each of our material issues, is available in the latest Sustainability Report.
|Material ESG Factors||2019||2020||2021|
|GHG emissions at building construction sites (tCO2)(2)||4,016||2,511||3,462|
|GHG emissions intensity at building construction sites (kgCO2/m2)( 2)||27.34||53.70||27.38|
|Electricity consumption at building construction sites(kWh)||827,756||1,476,197||1,738,984|
|Energy consumption at building construction sites (GJ)(2)||56,462||33,061||46,287|
|Energy intensity at building construction sites (GJ/m2) ( 2)||0.38||0.71||0.37|
|Waste (non-hazardous) at building construction sites (tonnes)||4,631||4,631||3,909|
|Waste (non-hazardous) intensity at building construction sites (kg/m2)||31.53||66.41||30.91|
|Water consumption at building construction sites (m3)||140,529||116,755||137,024|
|Water consumption intensity at building construction sites (m3/m2)||0.96||2.50||1.08|
|Construction, Property development & investment and Corporate divisions||357||485||646|
|Female employees (%) ( 3)||52||45||49|
|Female managers and supervisors (%) ( 3)||44||35||39|
|Average training hours per employee ( 3)||7.2||8.4||6.9|
|New hires( 3)||68||276||495|
|– Under 30 years old||58||58||152|
|– 30 – 50 years old||99||164||268|
|– Over 50 years old||25||54||75|
|Turnover rate( 3) (%)||16.5||22.7||28.8|
|– Under 30 years old||25.8||33.3||43.2|
|– 30 – 50 years old||19.7||23.7||28.6|
|– Over 50 years old||9.2||17.1||22.3|
|Occupational Health and Safety (5)|
|Recordable work-related ill health cases||0||0||0|
|Board independence (%)||56||60||56|
|Women on the board (%)||11||10||11|
- Environmental data refers to Building Construction project sites in Singapore. Environmental data for Infrastructure and civil engineering, Precast Technology, Education and Hospitality businesses are reported separately for comparability in the Environmental charter in the Sustainability Reports.
- Greenhouse Gas (“GHG”) emissions and energy data include purchased electricity (Scope 2) and fuel consumption (Scope 1).
- Performance data refers to Construction, Property development & investment, Education and Corporate divisions, the performance data excludes Hospitality division. The performance of Hospitality division is reported separately to ensure comparability in the People charter in the Sustainability Reports.
- The performance data excludes the Education and Hospitality divisions. The turnover rates in Education and Hospitality divisions are reported separately to ensure comparability in the People charter in the Sustainability Reports.
- Occupational health and safety data in construction division exclude project sites that the Company has less than 50% equity participation.