Our Net Zero Transition Plan
These five categories underpin our net zero transition plan:
Energy Demand Reduction: Implement Energy Saving Measures across all Facilities
- Established targets and initiatives for each site, provide clear cadence to drive progress
- Initiatives include facilities management & production process efficiency improvements
- Johor (Malaysia) & Huizhou (China) new buildings are green building certified for optimal energy use
- Energy demand reduction initiatives include: Compressed air bypass line optimisation in China plant; Information and energy monitoring system implementation in Singapore, etc.
Renewable Energy Self-Generation: Incorporate Solar Energy Generation System on Relevant Sites
- Solar panels installed in Singapore, Weymouth (UK) & Huizhou (China) sites, ~5% site energy usage
- Exploring on-site solar energy generation in Malaysia, Germany & Chengdu (China)
Renewable Energy Purchase: Pursue Renewable Energy Power Purchase Agreements / Renewable Energy Certificates for Net Zero Goals
- Global headquarter in Singapore moved to 100% renewable energy use
- Set plans to gradually phase in renewable energy for all sites – near-term targets to focus on Europe & Southeast Asia facilities being 100% renewable energy by 2030
Electrification: Convert Carbon-Emitting Tools to Electric Powered (e.g. Vehicles, Heating Systems)
- Actively pursue electrification opportunities for heating systems at sites
Education & Governance: Strategic Investments in Human Capital, such as Training, Awareness-Building, etc.
- Established a central cross-functional ESG team, reporting to executive management committee & board, to drive strategic planning, communication, change management & engagement on ESG-related matters
- Incorporate regular communications strategy for ESG education and outreach for group-wide employees