Sustainability Report 2021
Wing Tai Holdings Limited
Board Statement About this Report Corporate Statement Sustainability Efforts Environmental Responsibility Valuing Talent
Market Responsibility Caring for the Community Memberships, External Initiatives and Charters
GRI Content Index
Board Statement
Wing Tai Holdings Limited ("the Company") and its subsidiary companies ("the Group") are pleased to issue its fourth annual sustainability report in line with the Singapore Exchange ("SGX") guidelines on Sustainability Reporting.
The Group values sustainability considerations as an important part of its business strategy formulation. To articulate our impact on global sustainability goals, challenges, and opportunities, we have continued to align our material topics and initiatives with the relevant United Nations Sustainability Development Goals ("UN SDGs"). The Group recognises its duty as a global corporate citizen and hopes to continue improving its efforts towards creating a more sustainable future.
In FY2021, we are pleased to announce that we achieved the BCA Green Mark Gold Plus for our property, The M
at Middle Road. We are committed to developing green buildings by implementing smart home systems and energy-saving features. In addition, we pursue sustainable construction methods such as Prefabricated Prefinished Volumetric Construction at The M at Middle Road, which reduces the volume of construction waste generated on-site. The Group continues to advocate and adopt sustainable development methods and offerings to reduce our environmental impact.
The health and safety of our employees and customers remain our key priority during the COVID-19 pandemic. Our robust Business Continuity Plan enabled us to continue safely operating while complying with all safe management guidelines by the Government. As
the pandemic prolongs, we focus on building resilience amongst our employees through channels such as our Employee Assistance Programme, which provides counselling to employees who require additional support in handling the disruptive effects of the pandemic.
Faced with such unprecedented challenges and evolving circumstances, we recognise the importance of building business resilience through strong governance and digital innovation. In FY2021, we continued with our three- year digital transformation journey to strengthen cybersecurity and improve the performance of our systems. We also launched various virtual marketing initiatives to stay engaged with our stakeholders.
The Board continues to explore strategic avenues to monitor, manage and better address our current sustainability challenges. As we push steadfastly in our sustainability journey, the Board ensures oversight on all our material ESG topics and their performance. We hope this report provides insight into our efforts to manage our ESG impact.
WING TAI HOLDINGS LIMITED | SUSTAINABILITY REPORT 2021 | 01. |
About this Report
Reporting Scope and Period
This is the fourth annual Sustainability Report published by the Company, headquartered in Singapore and listed on the Singapore Exchange Securities Trading Limited ("SGX").
The scope of this report covers the Group's property and retail business in Singapore and Malaysia. The specific operations included in the scope of this report are as follows:
Commercial Property
(Directly managed)
Singapore
- Winsland House I
- Winsland House II
Residential Property
(Developed for Sale)
Singapore
- The Crest
- Le Nouvel Ardmore
-
The Garden Residences
Malaysia - Le Nouvel KLCC
- Nobleton Crest
Other Property
(Currently in Development)
Singapore
-
The M at Middle Road
Malaysia - Garden Villas (Taman Jasa Ria)
Directly Managed Retail
Multiple store branches in Singapore and Malaysia
Other geographical areas where the Group operates include The People's Republic of China, represented by its subsidiary company, Wing Tai China Pte. Ltd., and in Hong Kong, represented by the Group's associated Company, Wing Tai Properties Limited as well as in Australia through its investment arm. These companies focus on property investment and development, lifestyle retail and hospitality management in key Asian markets.
Please refer to pages 119-122 of the Company's annual report for the entire list of entities (with the exception
of inactive and dormant entities) included in the consolidated financial statements.
This report discusses the Group's sustainability performance for the financial year, which ended on 30th June 2021 ("FY2021"), and will be published annually in accordance with the SGX Listing Rules. The Group hopes to use this report to share its commitment to sustainability with its valued stakeholders, who include its employees, shareholders, investors, customers, business partners, suppliers and contractors, Government agencies and the communities it operates in.
WING TAI HOLDINGS LIMITED | SUSTAINABILITY REPORT 2021 | 02. |
Reporting Standard and Assurance
This report has been prepared in accordance to the Global Reporting Initiative ("GRI") standards: Core option. The Company selected this reporting standards due to its international recognition, global comparability
and comprehensive metrics across Environmental, Social and Governance ("ESG") topics. The GRI standards further assist in crafting a structure and providing performance direction to the Company's sustainability strategy. Additionally, this report includes references to the United Nations Sustainable Development Goals ("UN SDGs"). The UN SDGs have been employed by the Company to map their initiatives across international issues pertaining to sustainable development and is used to quantify its ESG impact.
The Company has not obtained any independent assurance of the information being reported this year but will continue to enhance its reporting processes and consider obtaining independent assurance in the future.
Feedback
This report is available on
www.wingtaiasia.com.sg
The Group welcomes any questions or feedback on this report and can be reached at http://www.wingtaiasia.com. sg/contact_us_form.php
WING TAI HOLDINGS LIMITED | SUSTAINABILITY REPORT 2021 | 03. |
Corporate
Statement
Corporate Philosophy
• Achieve winning partnerships with business partners, customers and staff.
• Maintain a strong track record of quality and an extensive portfolio of products.
Core Values
IntegrityTeamwork
LeadershipPassion
Continuous Improvement
WING TAI HOLDINGS LIMITED | SUSTAINABILITY REPORT 2021 | 04. |
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Disclaimer
Wing Tai Holdings Ltd. published this content on 02 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2021 11:26:03 UTC.