Financial Performance - As of September 30, 2023, the group has an order book of approximately SGD 133.9 million[38] - The group successfully secured new projects valued at approximately SGD 43.4 million during the fiscal year ending September 30, 2023[38] - The overall financial condition of the group remains robust, allowing continued operations in a challenging environment[38] - Revenue decreased to SGD 56.06 million in 2023 from SGD 67.10 million in 2022, a decline of 16.1%[103] Environmental Management - The overall greenhouse gas emissions density increased by 1.6% to 0.0743 tons per million SGD in revenue during the reporting period[77] - The total construction waste generated decreased significantly from 230.49 tons in 2022 to 65.42 tons in 2023, indicating improved waste management practices[63] - The company achieved a paper waste reduction from 0.82 tons in 2022 to 0.59 tons in 2023, reflecting enhanced resource efficiency[63] - The company maintained zero violations of local laws and regulations regarding waste management during the reporting period[62] - The company aims to achieve a zero violation target for waste handling and disposal in the next reporting period[54] - The company continues to monitor and review its environmental management system to ensure compliance with ISO 14001:2005 standards[75] - The company has implemented measures to reduce direct and indirect greenhouse gas emissions from its operations[80] - The air emissions density increased to 0.0743 tons per million SGD in revenue, attributed to increased use of in-house resources for construction projects[77] - Greenhouse gas emissions intensity decreased by 10.3% from 63.87 tons CO2 equivalent per million SGD revenue to 57.31 tons CO2 equivalent per million SGD revenue[81] - Scope 2 greenhouse gas emissions intensity increased by 52.8% from 0.36 tons CO2 equivalent per million SGD revenue to 0.55 tons CO2 equivalent per million SGD revenue[81] - Energy consumption intensity reduced by approximately 10.5% to 234,738 kWh per million SGD revenue[89] - The company aims to reduce total waste emissions intensity by 5% in the next reporting period[84] - The company recognizes the importance of water resource sustainability and aims to minimize water usage and manage water quality[86] - The company has implemented measures to reduce raw material waste in daily operations[92] - All construction waste is handled by subcontractors in compliance with local laws and regulations[85] - The company has adopted solar-powered machinery and energy-efficient office equipment[88] Employee Relations and Development - The company emphasizes the importance of maintaining good relationships with employees through competitive compensation and benefits[18] - The company emphasizes employee development and has established policies to support a positive work environment[95] - The company ensures fair dismissal policies in compliance with local regulations[97] - Employee turnover rate in Singapore was 31.4% in 2023, up from 27.0% in 2022, indicating a 4.4 percentage point increase[117] - The workforce consisted of 183 full-time employees in 2023, down from 200 in 2022, representing a decrease of 8.5%[114] - The company provides various employee benefits, including medical reimbursements and interest-free loans for those facing financial difficulties[119] - The average training hours for male employees increased by approximately 14% from 8.6 hours in 2022 to 9.8 hours in 2023, while female employees' average training hours decreased by about 42% from 6.2 hours to 3.6 hours[157] - The company aims to achieve a workplace fatality rate of zero in the next reporting period and to reduce work-related lost days to less than 200 by the fiscal year 2024[129] - 100% of senior and middle management employees received training in 2023, while 60% of other employees were trained[131] - The company is committed to providing continuous education scholarships for employees pursuing courses related to their job scope or the company's goals[144] - The company recognizes the importance of competitive employee compensation and regularly reviews its remuneration policies to ensure competitiveness[140] - The number of work-related incidents reported included only minor injuries, with no fatalities recorded from 2018 to 2023[153] - The company encourages employees to enhance their skills through external training and provides funding for such courses[129] - The company aims to increase the percentage of trained male and female employees by 3% in the next reporting period[131] Corporate Governance and Social Responsibility - The board is committed to navigating through challenges and appreciates the support from shareholders and business partners[39] - The group has established a formal quality management system and has been certified under ISO 9001:2015[162] - The group actively collaborates with approximately 352 recognized suppliers, with 100% of procurement conducted locally in Singapore[185] - The group aims to maintain zero undisclosed conflicts of interest and zero reported incidents[181] - The group emphasizes the importance of customer feedback and has established formal guidelines for handling feedback[191] - The group does not rely on controlling shareholders or their affiliates for operational resources from suppliers[186] - The group has a commitment to corporate social responsibility and community investment[176] - The group provided a total of SGD 2,345 in sponsorship for local community charitable activities during the reporting period[196] - The group participated in a total of 210 hours of volunteer service, including events with the Singapore Association of the Visually Handicapped and celebrations for Lunar New Year and Christmas[196] - The board and management are committed to maintaining high standards of corporate governance and strong internal controls to enhance shareholder value[197] Compliance and Risk Management - The group has not engaged in any related party transactions or continuous related party transactions during the fiscal year[11] - The company has not purchased, sold, or redeemed any listed securities during the fiscal year ending September 30, 2023[3] - The group has not been aware of any violations of the Personal Data Protection Act during the reporting period[174] - The group has implemented measures to ensure compliance with local labor laws, prohibiting child and forced labor[183] - The group has a formal process for monitoring supplier performance to prevent commercial bribery and discrimination[186]
S&T HLDGS(03928) - 2023 - 年度财报