Yongnam : Annual Reports And Related Documents

Contents
About Yongnam ............................................................................................................................................	2
About The Report ..........................................................................................................................................	3
Yongnam's Commitment to Sustainability ....................................................................................................	4
Sustainability Governance ........................................................................................................................	4
Statement from our Board.........................................................................................................................	5
Stakeholder Engagement..........................................................................................................................	6
Material Matters ........................................................................................................................................	7
Sustainability Policy ..................................................................................................................................	8
Maintaining our market leader position through quality and strong business values ...................................	9
Quality .......................................................................................................................................................	9
Key Projects ..............................................................................................................................................	9
Strong Business Values ..........................................................................................................................	10
Conducting our operations in a resource-efficient and environmentally caring manner.............................	11
Energy Consumption...............................................................................................................................	11
Waste and Resource Management ........................................................................................................	11
Creating a Gracious Workplace ..................................................................................................................	13
Our Workforce .........................................................................................................................................	13
Training & Development..........................................................................................................................	14
Integrated Quality, Environment, Workplace Health, Security and Safety Management System ..............	17
Health & Safety .......................................................................................................................................	17
GRI Content Index ......................................................................................................................................	21

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About Yongnam

Yongnam Holdings Limited is listed on the Mainboard of the Singapore Exchange since 11 October 1999.

With more than 40 years of experience in steel fabrication, Yongnam excels in adding value to steel construction. Its multi-disciplinary engineering and construction expertise extends from structural steelwork and specialist civil engineering solutions to design and build, as well as mechanical engineering. The Group's two production facilities in Singapore and Nusajaya, Johor, Malaysia have a total annual production capacity of 84,000 tonnes of steel fabrication. We also have a wide network of subsidiaries and project offices in the region and have undertaken projects globally including China, Thailand, Hong Kong, India among others.

Yongnam utilises the latest fabrication technologies and design innovation to offer solutions to its clients on a fast-track basis. Yongnam's modular strutting system continues to give the Group a strong competitive edge in meeting increasingly stringent design and project requirements in infrastructure and construction projects. We have an in-house pool of experienced and qualified engineers, detailers, technicians, welders, riggers and fitters, allowing us to consistently add value to our clients' projects. Yongnam aims to be the partner of choice in providing solutions for the steel construction industry.

Yongnam is a member of the Structural Steel Society and Singapore Construction Association (SCAL). Yongnam is also an accredited fabricator of the highest S1 category from the Singapore Structural Steel Society and holds A1 and A2 Grades from the BCA for the categories of General Building and Civil Engineering respectively.

Structural Steelwork	Specialist Civil
	Engineering

Design & Build	Mechanical Engineering
Figure 1: Yongnam's Areas of Expertise

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About The Report

Yongnam Holdings Limited ("Yongnam", the "Company" or the "Group") is pleased to present its Sustainability Report 2020 for the financial year ended 31 December 2020 ("FY2020"). This sustainability report is in compliance with the requirements of SGX-ST Listing Rules 711A and 711B, and in accordance to the Global Reporting Initiative ("GRI") Standards: Core option. The GRI Standards were selected for their universal application and standardised approach for businesses to report on critical sustainability issues. The report will be published on an annual cycle.

Our report covers the management approach and performance of material ESG factors of the Group in Singapore and operations of our subsidiary, Yongnam Engineering & Construction Pte Ltd, including local construction projects and our in-house production facilities1. For any given project, the main contractor ("our Client") is ultimately responsible for the Health, Safety and Environment (HSE) performance of the project while in others, Yongnam might be the main contractor. Nonetheless, where Yongnam is a subcontractor working at the project site, Yongnam is responsible for the employees under our charge on-site, as well as any subsequent sub-contractors whose work is controlled by Yongnam. Any incident or accident involving these workers will be reported back to the headquarters.

While we have not sought assurance for this report, we will strive towards doing so as our reporting matures overtime. For any queries and feedback related to this sustainability report, please contact: [e-mail].

1 Production for Singapore as a percentage of total production was 70% in FY2020.

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Yongnam's Commitment to Sustainability

Sustainability Governance

The Board is ultimately responsible for the Company's sustainability by ensuring sustainability is part of its strategic formulation and that management of key ESG matters is integrated in business operations. As delegated by the Board, the sustainability team made up of representatives of the following business units is responsible for driving sustainability strategies across the company. This team monitors different aspects of sustainability practices and reports the performance to the Board annually.

Board of Directors

Sustainability

Team

Safety

Human Resource

Production

Figure 2: Yongnam's Sustainability Team

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