Growing sustainable profit |
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Corporate Governance |
- Continue to uphold the highest corporate governance standards and an effective enterprise risk management framework to enhance business resilience and agility.
- Continue to provide accurate and timely disclosure on the Company, including financial situation, performance, and governance structure.
- Continue to adhere to the Group’s Code of Conduct, financial discipline, and management, driving accountability and long-term value creation.
- Zero substantiated cases of corruption or legal compliance issues.
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- Provided timely quarterly business updates and half-yearly results releases.
- Frequent updates on financial targets and sales orders received.
- Regular Board and Board committee meetings as well as frequent engagements with management.
- Zero substantiated cases of corruption or legal compliance issue.
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Economic performance |
- Continue to provide innovative solutions through R&D.
- Continue to provide continuous product improvement to serve our customers better.
- Continue cost reduction engineering initiatives and “lean” operations to drive productivity improvements.
- Continue to encourage and incentivise employees to initiate and develop innovative ideas that they can patent.
- Maintain economic value generation of at least 5% (FY2021 Target).
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- Achieved the financial targets as guided to investors with a performance of S$519.0 million revenue.
- Considerable engineering development projects and revenue from customers, which is a positive sign of customer satisfaction and close working relationship.
- Staff members were awarded Technical Awards for the initiation of innovative ideas.
- Achieved FY2020 Target of increase economic value generation by at least 5%.
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Investing and caring for our people |
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Diversity and Inclusion |
- Encourage diversity in our workforce in terms of gender, race, and age groups.
- Ensure whistleblowing channels are in place for employees and various stakeholders.
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Talent acquisition and retention | Continue to reward and provide employees with competitive remuneration packages and welfare to attract and retain talents and staff. | A low turnover rate of 0.90% a month. (Achieved FY2020 Target of below 1.50%). |
Saving our planet |
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Community Involvement | Continue to engage with the community and develop more partnerships with charity organisations to improve our community’s welfare. |
- Our US teams donated masks to several places of worships.
- Our Malaysia site donated masks to the Customs office in Penang.
- Employees could donate their vacation leave to convert to cash to help colleagues who faced financial difficulties due to the pandemic.
- Healthcare staff Changi General Hospital and Sengkang General Hospital received hampers, to appreciate them for working long hours during COVID-19.
- Donated milk powder to THK Nursing Home’s elderly residents.
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Environmental Footprint |
- Maintain zero environmental issues and continue to improve energy consumption efficiency and emission intensity.
- Maintain reduction of energy emission intensity ratio by 10% (FY2021 Target).
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- Zero incidents of environmental-related issues.
- Achieved a lower energy consumption rate per monetary unit of sales and emission intensity ratio by 12.7%. (Achieved FY2020 Target of reduction of energy emission intensity ratio by 10%)
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Sustainable Supplier Management | 100% of main contracted suppliers to be in line with AEM requirements | 100% of AEM’s key fabrication suppliers screened and in line with AEM requirements. |