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ENTREPRENEURIAL SPIRIT, HEART AND AMBITION TO BUSINESS IN ASIA.

STEWARDSHIP IN SUSTAINABILITY
Integrating sustainability across the Group to create long-term value and contribute meaningfully to the well-being of our stakeholders and the environment.

At Kuok Group Singapore, we believe that our actions today shape the future for generations to come. By committing to meaningful progress on our material priorities and integrating sustainability across the Group, we aim to create long-term value and contribute meaningfully to the well-being of our stakeholders and the environment.

Our Material Priorities

Protecting the Environment

  1. Energy and GHG Emissions
  2. Water Usage and Management
  3. Hazardous Waste Generation and Management
  4. Pollution Management
    (Noise, Air and Water)

Ensuring the Well-being of Employees and Society

  1. Employee Health, Safety and Well-being
  2. Fair and Transparent Employment Practices
  3. Future-proofing Kuok Group Singapore's workforce (Training and Development)
  4. Positive Community Impact

Managing Responsibly and Transparently

  1. Fair and Ethical Business Practices
  2. Suppliers’ Compliance with Kuok Group Singapore’s Ethical Standards
  3. Digitalisation and Innovation
  4. Cybersecurity and Data Privacy

Our Targets

Our three key pillars define our group's targets, which we will continually review and update to ensure they remain relevant and significant to our sustainability journey.

Protecting the Environment

  1. Business units have set interim 2030 carbon intensity targets and/or objectives to minimise their GHG emissions as the Group strives for Net Zero in 2050.

    FY2030 Targets

    • Allgreen Properties: Reduce carbon intensity by 20% by 2030 from 2021
    • K2 Strategic: Achieve a Power Usage Effectiveness (“PUE”) metric of 1.3 by 2030.
    • PaxOcean Group: Reduce carbon intensity by 30% by 2030 from 2021.
    • Pacific Carriers Limited (PCL): Reduce carbon intensity by 40% by 2030 from 2021.
    • PACC Offshore Services Holdings (POSH): Reduce carbon intensity by 30% by 2030 from 2021.
  2. Target zero oil spills, annually, as a responsible organisation with maritime assets, to minimise environmental damage and protect ecosystems.

Ensuring the Well-being of our Employees and Society

  1. Committed to providing at least an average of 12 hours of training per employee, annually, as professional development and growth of our employees is essential to individual and organisational success.
  2. Conduct employee engagement surveys for all staff annually as the feedback and sharing of our employees is a great source of information in refining management policies and programs that foster inclusiveness and diversity, enhance employee welfare, and improve general employment practices. We target a survey response rate of 85% for our office-based employees and 65% for our non-office-based employees.
  3. Target zero fatalities, as the protection of lives is of utmost importance and reflects our unwavering commitment to ensuring the health, well-being, and safety of our employees.
  4. Committed to providing at least an average of 4 hours of volunteering opportunities, per employee annually to create community impact.

Managing Responsibly and Transparently

  1. Provide training for all employees in the Group’s anti-bribery and corruption and whistle-blowing policies, as this is crucial to maintaining ethical standards, fostering a culture of integrity, mitigating risks associated with bribery and corruption, safeguarding our reputation, and maintaining trust among our stakeholders.
  2. Provide trainings for all employees in cybersecurity and the Group’s data protection policies, as our employees deal with sensitive information and are required to be aware of cyber threats, to maintain the privacy and trust of our stakeholders, and to mitigate the risk of data breaches.

Stakeholder Engagement

Our commitment to stakeholder engagement drives our business decisions. We value the perspectives of our employees, customers, business partners, shareholders, suppliers, regulators, and local communities. Through initiatives that span internal and external interactions, we ensure that our actions align with the priorities of those who matter most to our success.

Our Sustainability Commitments

We welcome and appreciate any feedback that could enhance our sustainability performance and reporting. Please contact us at corpcomms@kuokgroup.com.sg if you have any queries regarding our sustainability efforts.

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