General Announcement::Sustainability Report 2021

MSM INTERNATIONAL LIMITED

SUSTAINABILITY REPORT

FINANCIAL YEAR 2021

	MSM International Limited
	Sustainability Report 2021
CONTENTS
BOARD'S STATEMENT ...........................................................................................................................................	2
ORGANISATION PROFILE.....................................................................................................................................	2
OVERVIEW OF REPORT ........................................................................................................................................	3
POLICY, PRACTICES AND PERFORMANCE REPORTING............................................................................	4
SUSTAINABILITY REPORTING PROCESS.............................................................................................................	4
STAKEHOLDER ENGAGEMENT ............................................................................................................................	4
MATERIALITY ASESSMENT....................................................................................................................................	5
ECONOMIC ................................................................................................................................................................	6
ECONOMIC PERFORMANCE ................................................................................................................................	6
PROCUREMENT PRACTICES ................................................................................................................................	7
ENVIRONMENTAL...................................................................................................................................................	7
CONSERVATION OF RESOURCES ........................................................................................................................	7
ENVIRONMENTAL COMPLIANCE.........................................................................................................................	8
SOCIAL........................................................................................................................................................................	8
OCCUPATIONAL HEALTH AND SAFETY .............................................................................................................	8
EMPLOYMENT AND TURNOVER ..........................................................................................................................	9
DIVERSITY AND EQUAL OPPORTUNITY ...........................................................................................................	10
TRAINING AND EDUCATION...............................................................................................................................	11
GOVERNANCE ........................................................................................................................................................	12
CORPORATE GOVERNANCE ...............................................................................................................................	12
RISK MANAGEMENT.............................................................................................................................................	12
BUSINESS ETHICS ................................................................................................................................................	12
WHISTLE BLOWING POLICY ...............................................................................................................................	13

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MSM International Limited

Sustainability Report 2021

BOARD'S STATEMENT

The Board of Directors ("Board") acknowledges the importance of embedding sustainability into the operations of the Group in order to fulfill the expectation and requirement of its stakeholders and to provide better understanding on the Group's business approaches in managing Economic, Environmental, Social and Governance ("EESG") risk and opportunities. Under the guidance from the Board, material EESG factors have been determined and disclosed in this Sustainability Report. The Board is responsible for overseeing the management and monitoring of these EESG factors and takes them into consideration in the determination of the Group's strategic direction and policies.

We welcome feedback from our stakeholders with regards to our sustainability efforts as this enables us to improve our policies, systems, and results. For queries and suggestions, email to [e-mail].

ORGANISATION PROFILE

MSM International Limited ("MSM" or the "Company") was listed on the SGX Catalist in 2010. MSM and its subsidiaries (collectively, the "MSM Group" or the "Group") is an integrated metal engineering company, offering a comprehensive suite of services spanning design, product development, prototyping, tool & die fabrication, production, and assembly. MSM's business activities can be broadly categorised into three core business segments, which are (1) OEM contract manufacturing products; (2) Clean room and laboratories; and (3) Kitchen appliances, equipment and related services.

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MSM International Limited

Sustainability Report 2021

OVERVIEW OF REPORT

This Sustainability Report has been prepared in accordance with the requirements of Rules 711A and 711B of the Listing Manual Section B: Rules of Catalist of the Singapore Exchange Securities Trading Limited ("SGX-ST") ("Catalist Rules"), and references to the Global Reporting Initiative ("GRI") Standards.

The Company has chosen the GRI Standards as it represents the global best practices for reporting on EESG topics. This Sustainability Report is also prepared in accordance with GRI Principles for defining report content, including:

• Stakeholder Engagement: responding to stakeholder expectations and interests;
• Sustainability Context: presenting performance in the wider context of sustainability;
• Materiality: focusing on issues that impact business growth and are of utmost importance to stakeholders; and
• Completeness: including all information that is of significant EESG impact to enable stakeholders to assess the Company's performance.

This Sustainability Report is in line with the Group's continued commitment to address issues relating to sustainability across the various EESG related factors. We hope to share more in our subsequent reports.

For this year's report, we will be taking into account disclosures of the impact of the COVID-19 pandemic on the Group's businesses and operations. Our response to the pandemic is reported in this report as well as in the Section "Letters to Shareholders" of the Annual Report 2021.

This report highlights the sustainability performance from 1 April 2020 to 31 March 2021 ("FY2021") with historical performance data included for comparison, where applicable.

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MSM International Limited

Sustainability Report 2021

POLICY, PRACTICES AND PERFORMANCE REPORTING

SUSTAINABILITY REPORTING PROCESS

Planning and	Stakeholders
scoping	Engagementx

ReportingMateriality

Assessment

Collection

of Data

STAKEHOLDER ENGAGEMENT

An important starting point in our sustainability journey is to identify our stakeholders and material aspects relevant to our business. The interests and requirements of key stakeholders are also taken into account when formulating corporate strategies. These key stakeholders include, but are not limited to employees, suppliers and service providers, investors & shareholders, customers, and regulators.

We adopt both formal and informal channels of communication to understand the needs of key stakeholders and incorporate these into our corporate strategies to achieve mutually beneficial relationships. The following sets out our engagement platforms with our stakeholders:

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