SIA Engineering : FY2021/22 Sustainability Report

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02		05		07		21		35
ABOUT SIA		CEO'S	APPROACH TO		ENHANCE VALUE		EMPOWER OUR
ENGINEERING		MESSAGE	SUSTAINABILITY		CREATION		WORKFORCE
COMPANY

50		60		67		71		79
MANAGE OUR		PURSUE ACTIVE	SUSTAINABILITY	DEFINITIONS AND		GRI CONTENT
ENVIRONMENTAL		PARTNERSHIPS	PERFORMANCE OF	METHODOLOGIES		INDEX
IMPACT				KEY SUBSIDIARIES

01

SIA ENGINEERING COMPANY | SUSTAINABILITY REPORT 2021/22

ABOUT SIA					MANAGE OUR		SUSTAINABILITY			02
ENGINEERING	CEO'S	APPROACH TO	ENHANCE VALUE	EMPOWER OUR	ENVIRONMENTAL	PURSUE ACTIVE	PERFORMANCE OF	DEFINITIONS AND	GRI CONTENT
COMPANY	MESSAGE	SUSTAINABILITY	CREATION	WORKFORCE	IMPACT	PARTNERSHIPS	KEY SUBSIDIARIES	METHODOLOGIES	INDEX

About

SIA Engineering

Company

[102-1][102-2][102-3][102-4][102-5][102-6][102-7]

The SIA Engineering Company (SIAEC) Group is a leading aviation maintenance, repair and overhaul (MRO) service provider based in Singapore and with presence in Hong Kong, Indonesia, Japan, Malaysia, Philippines, United States and Vietnam. The Group currently comprises 23 subsidiaries, joint venture and associated companies (JVs) and employs more than 8,000 people.

The Group provides a comprehensive suite of MRO services to airline customers and aerospace equipment manufacturers worldwide, ranging from airframe

and line maintenance, fleet management, repair and overhaul of engines and components, aircraft cabin modifications, engineering and material management support, to additive manufacturing.

SIA Engineering Company Limited is listed on the Mainboard of the Singapore Exchange (SGX) and is a subsidiary of Singapore Airlines Limited (SIA).

SIA ENGINEERING COMPANY | SUSTAINABILITY REPORT 2021/22

ABOUT SIA					MANAGE OUR		SUSTAINABILITY
ENGINEERING	CEO'S	APPROACH TO	ENHANCE VALUE	EMPOWER OUR	ENVIRONMENTAL	PURSUE ACTIVE	PERFORMANCE OF	DEFINITIONS AND	GRI CONTENT
COMPANY	MESSAGE	SUSTAINABILITY	CREATION	WORKFORCE	IMPACT	PARTNERSHIPS	KEY SUBSIDIARIES	METHODOLOGIES	INDEX

03

Our Mission

and Core Values

[102-16]

Our Mission is underpinned by our Core Values,

which define SIAEC's corporate culture.

MISSION STATEMENT

SIA Engineering Company is engaged in providing aviation engineering services of the highest quality, at competitive prices for customers and a profit to the Company.

CORE VALUES

PURSUIT OF	CUSTOMER
EXCELLENCE	FIRST
We strive for the highest	Our customers are
professional standards	foremost in our minds
in our work and aim to	at all times. We go the
be the best in everything	extra mile to exceed
we do.	their expectations.

SAFETY	CONCERN
FOR STAFF
We regard safety as an	We value our staff and
essential part of all our	care for their well-being.
operations. We maintain	We treat them with
and adopt practices that	respect and dignity and
promote the safety of	seek to provide them
our customers and staff.	with appropriate training
	and development so
	that they can lead
	fulfilling careers.

INTEGRITY

We strive for fairness in all our business and working relationships.

TEAMWORK

We work with pride as one team to achieve success together.

SIA ENGINEERING COMPANY | SUSTAINABILITY REPORT 2021/22

ABOUT SIA					MANAGE OUR		SUSTAINABILITY			04
ENGINEERING	CEO'S	APPROACH TO	ENHANCE VALUE	EMPOWER OUR	ENVIRONMENTAL	PURSUE ACTIVE	PERFORMANCE OF	DEFINITIONS AND	GRI CONTENT
COMPANY	MESSAGE	SUSTAINABILITY	CREATION	WORKFORCE	IMPACT	PARTNERSHIPS	KEY SUBSIDIARIES	METHODOLOGIES	INDEX

About This

Report

This is the fifth Sustainability

Report from SIAEC.

REPORTING PERIOD

[102-50][102-51][102-52]

This report highlights our economic, environmental, social and governance (EESG) initiatives and performance for the financial year 1 April 2021 to

31 March 2022 (FY2021/22). Data and information from past reporting cycles have been included, where available. The report is published on an annual basis on our website, with our last report published in August 2021.

REPORTING SCOPE AND BOUNDARY

[102-7][102-45]

All information, including data, statistics and targets presented in this report, relates to SIAEC's operations in Singapore where the majority of our activities are carried out, unless stated otherwise. We have included in this report data for two key subsidiaries: SIA Engineering (Philippines) Corporation (SIAEP) and Singapore Aero Support Services Pte. Ltd (SASS), and are progressively expanding the reporting to include other key JVs and subsidiaries.

SIAEC's JVs are listed on page 25. Financial information relating to the SIAEC Group's business can be found in the FY2021/22 Annual Report.

REPORTING FRAMEWORK

[102-12][102-54]

GLOBAL REPORTING INITIATIVE (GRI)

This report has been prepared in accordance with the GRI Standards: Core option. The GRI Standards is selected as it represents the global best practice for reporting an organisation's sustainability impact. We are reviewing the new GRI Universal Standards effective 1 January 2023 with plans to transition to the new standards in subsequent reports.

SGX SUSTAINABILITY REPORTING LISTING RULES AND GUIDE

This report has been prepared in accordance with the five primary components set out in the SGX-ST Listing Rule 711B, and takes reference from the SGX Sustainability Reporting Guide, which provides guidelines on component requirements and reporting principles. On 1 January 2022, the SGX-ST Listing Rule

711B and the SGX Sustainability Reporting Guide were updated to include new requirements for financial years beginning on or after 1 January 2022 (for disclosure in reports published in calendar years beginning 1 January 2023), such as climate-related disclosures, internal review of the sustainability reporting process, and mandatory sustainability training for directors. SIAEC has started working towards timely compliance with these requirements.

UNITED NATIONS SUSTAINABLE DEVELOPMENT GOALS (SDGS)

SIAEC supports the United Nations 2030 Agenda for Sustainable Development. Recognising that businesses are integral to the achievement of these goals, we have reviewed the aspects important to SIAEC and our stakeholders against the SDGs and identified 13 SDGs that our sustainability practices are in support of.

REPORTING QUALITY

[102-56]

SIAEC has not sought external assurance for this report and is evaluating doing so for future reports. In line with the updated SGX requirements for financial years beginning on or after 1 January 2022, SIAEC will be performing an internal review of our sustainability reporting processes in FY2022/23.

FEEDBACK

[102-53]

We value your feedback, which will help us to improve our reporting and sustainability practices. You can reach out to SIAEC's Sustainability Working Group at [e-mail].

SIA ENGINEERING COMPANY | SUSTAINABILITY REPORT 2021/22