Content
- Our business
- Board statement
- Reporting framework
- Reporting period and scope
- Feedback
6 Stakeholder engagement
- Policy, practice and performance reporting
- Material factors
9 Supporting the UN Sustainable Development Goals
10 Sustainability trends
11 GRI content index
Renaissance United Limited | Sustainability Report FY2021 |
1. Our business
We are an investment holding company with a diversified portfolio of strategic investments. Our investment portfolio comprises strategic stakes in various sectors which includes the following:
- Supplying gas to households, commercial and industrial users in the People's Republic of China ("Gas Distribution Business");
- Specialising in Burn-in Board design and manufacturing for the semiconductor industry ("Electronics and Trading Business"); and
- Real estate residential development in the United States of America ("Property Development Business").
Our geographical presence is as follows:
The supply chain for our revenue streams are as follows:
Gas Distribution Business
Supplier
Sourcing
- Procures compressed natural gas and liquefied natural gas from major local gas suppliers
- Procures pipes, valves, gas meters and other materials to develop pipeline network
Customer
Installation, connection and distribution
A last-mile natural gas pipeline network is built to connect our residential and industrial customers to the national pipeline network
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Renaissance United Limited | Sustainability Report FY2021 |
Electronics and Trading Business |
Supplier
Sourcing
-
Procures consumables and
othersemiconductor components - Sources for test and measurement equipment from manufacturers in United States of America ("USA"), United Kingdom, Japan, and Taiwan
- Sources for sockets from customers (on consignment basis)
Manufacturing
Manufacturing
Design and assembly of burn-in boards based on customers' specifications
Customer
Point of sale
- Sale of burn-in boards to semiconductor related companies
- Provision of consultancy services
- Acts as agent and distributor for sale of semi-conductor back end equipment such as vision inspection systems and test systems
Property Development Business
Service provider
Sourcing
Sources for professional service providers such as engineers and consultants
Development | Customer | ||
Development | Point of sale | ||
Develops | and | obtains | Sale of developed property to home |
approval | for | the site | builders who will construct the |
plan | properties before selling to end | ||
customers |
2. Board statement
We reaffirm our commitment to sustainability with the publication of our sustainability report ("Report"). For this Report, we provide insights into the way we do business, while highlighting our environmental, social, governance ("ESG") factors, economic performance and customer experience (collectively as "Sustainability Factors").
Whilst mindful of our profit oriented objective, we are committed to strike a balance between growth, profit, governance, environment, the development of our people and well-being of our communities to secure a long-term future of our Group. The Board having considered sustainability issues as part of its strategic formulation, determined the material Sustainability Factors and overseen their management.
In line with our commitment to sustainability, the Board emphasises on improving our corporate governance practices across the Company and its subsidiaries to maintain strong corporate governance.
A sustainability policy ("SR Policy") covering our sustainability strategies, reporting structure, materiality assessment and processes in identifying and monitoring material Sustainability Factors has been put in place. This SR Policy serves as a point of reference in the conduct of our sustainability reporting. Under this SR Policy, we will continue to monitor, review and update our material Sustainability Factors from time to time, taking into account the feedback that we receive from our engagement with our stakeholders, organisational and external developments.
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Renaissance United Limited | Sustainability Report FY2021 |
Our sustainability framework is supported by our key stakeholders; namely, communities, customers, employees, regulators, shareholders and vendors. We work closely with stakeholders in our value chain and their inputs drive our sustainability focus on the material Sustainability Factors as follows.
Reporting priority1
High Medium Low
A summary of our key sustainability performance is as follows:
Sustainability
factor
Customer experience
Economic
Environmental
Social
Governance
Performance indicator
Percentage of employees with more than 3 years ofservice
Employee's turnover rate
Turnover
Profit/ (Loss) after income tax
Electricity consumption per employee:
- Electronics and Trading Business
- Gas Distribution Business
Number of workplace accidents
Number of reported incident of unlawful discriminationagainst employees
Number of serious offence3 reported
Singapore Governance and Transparency Index("SGTI") score
Sustainability performance
FY2021 | FY2020 | ||||||
89% | 84% | ||||||
9% | 6% | ||||||
S$72.6 million | S$52.5 million | ||||||
(S$4.8 million) | S$0.2 million | ||||||
5,978 | 4,146 | ||||||
4,673 | -2 | ||||||
- | - | ||||||
- | - | ||||||
- | - | ||||||
35 | 64 | ||||||
- Reporting priority refers to the ranking assigned to each Sustainability Factor based on the level of concern to stakeholders and the significance of our impacts on the economy, environment and society. Refer to section 7.3 for further details.
- Comparative electricity consumption data for Gas Distribution Business was not presented in FY2020 due to non- availability of information. We have strengthened our data collection process and included the information in FY2021.
- A serious offence is defined as one that involves fraud or dishonesty amounting to not less than S$100,000 and punishable by imprisonment for a term of not less than 2 years which is being or has been committed against the Company by officers or employees of the Company.
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Renaissance United Limited published this content on 29 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 September 2021 12:31:08 UTC.