Sustainability
Sustainability Governance
Our approach to sustainability is spearheaded by a robust governance structure involving internal stakeholders at all levels. Led by the Board, we aim to cultivate a sustainability-cognisant culture across our operational footprint.
We have established dependable avenues for all team members to raise relevant sustainability matters aligned with their expertise and instigate transformative changes. The Sustainability Steering Committee plays a vital role in our efforts, driving meaningful progress towards our sustainability vision through the implementation of actionable strategies and initiatives.
Board of Directors (“Board”)
- Assumes overall responsibility for and oversight of the Group’s sustainability agenda, including identifying sustainability topics, setting objectives and establishing policies and practices
- Nominated by the Nomination and Remuneration Committee, which further evaluates the Board’s performance on sustainability matters through a peer evaluation process
- The Board’s sustainability responsibilities are led by our Managing Director/Chief Executive Officer, Mr. Lim Peng Jin
The Sustainability Steering Committee (“SSC”)
- Comprises members of the Scientex Executive Committee (“EXCO”) and is led by our Managing Director/Chief Executive Officer, Mr. Lim Peng Jin
- Regularly engages with stakeholders and staff at the departmental or subsidiary level
- Identifies potential sustainability topics based on these engagements, and subsequently presents said topics to the Board for consideration
- Develops comprehensive strategies for identified sustainability topics
- Sets key performance indicators for strategies identified, involving data management systems, reporting processes and internal control mechanisms
- Develops sustainability-related policies which govern sustainability practices across the Group, and tables these policies to the Board for approval
Group Sustainability Team
- Provides recommendations to the SSC on potential sustainability topics, and on the subsequent development and execution of strategies for identified and approved sustainability topics
- Supports the SSC in the nomination of specific working groups responsible for executing strategies formulated by the SSC
- Implements strategies together with the identified Sustainability Working Groups
- Reports on the outcomes and progress of related strategies during monthly management meetings with the SSC
- Monitors sustainability initiatives, and maintains records for regular reviews of sustainability management procedures and performance
- Takes the lead in preparing and presenting sustainability-related reports, in compliance with applicable reporting requirements
Sustainability Working Groups
- Appointed on a topic-by-topic basis depending on the needs of the topic and its initiatives
- May include representatives from the various departments and divisions within the Group
- Works with the Group Sustainability Team to ensure the effective implementation of formulated strategies while adhering to specific management procedures
- Maintains accurate records of actions taken and the results achieved
- Delivers comprehensive reports on related actions taken and their outcomes, during monthly management meetings
- Act as a conduit between the Group Sustainability Team and individual departments and subsidiaries, providing an avenue for staff members to highlight and elevate potential sustainability matters for consideration
- Assumes overall responsibility for and oversight of the Group’s sustainability agenda, including the identification of sustainability topics, setting of objectives, and establishing policies and practices
- Nominated by the Nomination and Remuneration Committee, which is also responsible for evaluating the Board’s performance on sustainability issues through a peer evaluation process
- The Managing Director/Chief Executive Officer, Mr. Lim Peng Jin, spearheads the sustainability responsibilities of the Board
- Comprises members of the Scientex Executive Committee (“EXCO”) and is led by the Managing Director/Chief Executive Officer, Mr. Lim Peng Jin
- Conducts regular engagements with stakeholders and staff at the departmental or subsidiary level
- Identifies potential sustainability topics based on these engagements, and tables these topics for Board consideration
- Develops detailed strategies for sustainability topics identified
- Sets key performance indicators for strategies identified, involving data management systems, reporting processes and internal control mechanisms
- Develops sustainability related policies which govern sustainability practices across the Group, and tables these policies to the Board for approval
- Provides recommendations to the SSC on potential sustainability topics, and on the subsequent development and execution of strategies for the sustainability topics which are identified and approved
- Provides assistance to the SSC in the nomination of specific working groups to execute strategies formulated by the SSC
- Responsible for the execution of strategies in tandem with the Sustainability Working Groups identified
- Reports on the outcomes or progress of strategies to the SSC in monthly management meetings
- Monitors sustainability initiatives, maintaining proper records to facilitate regular reviews of sustainability management procedures and overall performance
- Leads sustainability related reports and presentations, ensuring compliance with applicable reporting requirements
- Appointed on a topic-by-topic basis depending on the needs of the topic and its initiatives
- May comprise representatives from any of the departments and divisions within the Group
- Works with the Group Sustainability Team to ensure smooth implementation of strategies formulated, while adhering to specific management procedures
- Maintains proper records of actions taken and their results
- Delivers detailed reports on actions taken and results during monthly management meetings
- Act as a conduit between the Group Sustainability Team and individual departments and subsidiaries, providing an avenue for staff members to highlight and elevate potential sustainability issues for consideration