BH Global: Annual reports and related documents

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03

About this report

13

Our sustainable strategy

04

Board statement

06

Chairman’s statement

09

Response to COVID-19

ten

Our business

Corporate Overview Global Operations

14

Stakeholder Engagement and Materials Subject identification

Economy & Governance

21

Our governance Business ethics

Business Continuity Management Economic Review and GrowthSocial

Human capital

31

Fair Employment Policies Skills Development Occupational Health and Safety Cyber ​​and Customer Data PrivacyEnvironment

45

Non-compliance with environmental law and regulation

Coping with climate change

11

Business Memberships

54

GRI content index

About this report

BH Global Corporation Ltd (“BH Global” or the “Company” and together with its subsidiaries, the “Group”) is proud to present its annual sustainability report for the financial year 2021.

Sustainable development is part of the Group’s broader strategy to create long-term value for all its stakeholders. The Group recognizes the importance of economic, environmental, social and governance (“EESG”) considerations in creating value for our business and our stakeholders. We embrace the principles of sustainability throughout our value chain and continue to develop sustainable practices in all aspects of the Group’s business by achieving high levels of integrity and excellence in its operations. The Board of Directors (the “Board”) oversees the management of these factors and takes them into account in determining the strategic direction and policies of the Group.

In FY21, the Sustainability team conducted the Stakeholder Engagement Survey to update our stakeholders’ top concerns, as part of our sustainability strategy.

This report aims to disclose our EESG performance which is considered most important to our Group’s stakeholders, including shareholders, suppliers, customers, business partners, management and employees. The purpose of preparing this report is to inform our stakeholders of the initiatives and strategies related to sustainable development that we are currently working on.

Reporting framework

This report is prepared with reference to the Global Reporting Initiative (“GRI”) Standards: Basic Option and is aligned with the reporting requirements of Rules 711A and 711B of the Motherboard of the Singapore Stock Exchange (“SGX”).

We have applied the GRI as our sustainability reporting framework because it is internationally recognized and widely adopted, allowing us to achieve full and comparable disclosure of environmental, social and governance performance in our material topics.

We have also expanded our reporting framework by integrating the United Nations Sustainable Development Goals (SDGs) into our reporting process to map our contribution to global sustainable development.

Scope and reporting period

This sustainability report presents the Group’s annual sustainability performance in fiscal year 2021. from January 1, 2021 to December 31, 2021, with historical performance data included for comparison where applicable.

This report is the fifth published sustainability report and provides an update on performance and targets on sustainable development as reported in the previous report of the annual report for the financial year 2020 published on April 6, 2021.

The content of this report emphasizes BH Global’s efforts towards global sustainability through Operations in Singapore of our six subsidiaries including:

Beng Hui Marine Electrical Pte Ltd (“BHM”)

SOPEX Innovations Pte Ltd (“SOPEX”)

BOS Offshore & Marine Pte Ltd (“BOS”)

Sea Forrest Engineering Pte Ltd (“SFE”)

Sea Forrest Power Solutions Pte Ltd (“SFP”)

Athena Dynamics Pte Ltd (“ADPL”)

Omnisense Systems Pte Ltd (“OMS”)

This report should be read in conjunction with the BH Global FY2021 Annual Report.

Report accessibility

In order to reduce our environmental footprint, we will not provide hard copies of this report.

The report will be publicly available on the company’s website athttps://www.bhglobal.com.sg/durable/, as well as on SGXNET.

Return

Feedback from the Company’s stakeholders is essential to the continuous improvement and growth of our Group. Do not hesitate to share your opinions and suggestions with us by contacting us at: SR@bhglobal.com.sg.

Independent Certification

The data and information provided have not been verified by an independent third party. We relied on internal data monitoring and verification to ensure the accuracy of data and information.

The Group has chosen to rely on internal verification mechanisms to guarantee the quality and accuracy of the data contained in this report.

Therefore, there is no independent external assurance for this report.

Board statement

BH Global’s Board of Directors recognizes the highest standards of professional performance, accountability and transparency. The Board of Directors is committed to delivering long-term value to all stakeholders through good governance of the economic, environmental and social aspects of the business.

The Board of Directors, supported by the Sustainability Committee, reviewed sustainability issues in its operations and strategies, identified material EESG topics and oversaw the management and monitoring of these topics.

This sustainability report provides details on how the Group manages key material EESG topics to create positive values ​​for our stakeholders and communities. The Board of Directors has reviewed and approved this sustainability report.

This is an excerpt from the original content. To continue reading it, go to the original document here.

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