SIA ENGINEERING COMPANY LIMITED SUSTAINABILITY REPORT
2022/2023
CONTENTS
02 | 16 | 67 |
ABOUT SIA ENGINEERING COMPANY | ENHANCE VALUE CREATION | SUSTAINABILITY PERFORMANCE |
05 | 31 | OF KEY SUBSIDIARIES |
72 | ||
CEO'S MESSAGE | EMPOWER OUR WORKFORCE | |
08 | 48 | DEFINITIONS AND METHODOLOGIES |
82 | ||
APPROACH TO SUSTAINABILITY | MANAGE OUR ENVIRONMENTAL IMPACT | |
60 | GRI CONTENT INDEX | |
85 | ||
PURSUE ACTIVE PARTNERSHIPS | ||
TCFD INDEX |
SIA ENGINEERING COMPANY | 01 | SUSTAINABILITY REPORT 2022/23 |
ABOUT SIA | MANAGE OUR | SUSTAINABILITY | ||||||||
ENGINEERING | CEO'S | APPROACH TO | ENHANCE | EMPOWER OUR | ENVIRONMENTAL | PURSUE ACTIVE | PERFORMANCE OF | DEFINITIONS AND | GRI CONTENT | TCFD |
COMPANY | MESSAGE | SUSTAINABILITY | VALUE CREATION | WORKFORCE | IMPACT | PARTNERSHIPS | KEY SUBSIDIARIES | METHODOLOGIES | INDEX | INDEX |
ABOUT
SIA ENGINEERING COMPANY
[2-1][2-6]
SIA Engineering Company (SIAEC) is a leading aviation maintenance, repair and overhaul (MRO) service provider based in Singapore. With a network of 23 subsidiaries, joint venture (JV) and associated companies spanning Singapore, Hong Kong, Indonesia, Japan, Malaysia, the Philippines, the United States and Vietnam, SIAEC provides a comprehensive suite of MRO services to airline customers and aerospace equipment manufacturers worldwide. SIAEC's range of services encompasses airframe and line maintenance, fleet management, repair and overhaul of engines and components, aircraft cabin modifications, engineering and material management support.
SIA Engineering Company Limited is listed on the Mainboard of the Singapore Exchange (SGX) and is a subsidiary of Singapore Airlines Limited (SIA).
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ABOUT SIA | MANAGE OUR | SUSTAINABILITY | ||||||||
ENGINEERING | CEO'S | APPROACH TO | ENHANCE | EMPOWER OUR | ENVIRONMENTAL | PURSUE ACTIVE | PERFORMANCE OF | DEFINITIONS AND | GRI CONTENT | TCFD |
COMPANY | MESSAGE | SUSTAINABILITY | VALUE CREATION | WORKFORCE | IMPACT | PARTNERSHIPS | KEY SUBSIDIARIES | METHODOLOGIES | INDEX | INDEX |
OUR MISSION AND
CORE VALUES
[2-23]
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.
TEAMWORK
We work with pride as one team to achieve success together.
CONCERN FOR STAFF
We value our staff and care for their well-being. We treat them with respect and dignity and seek to provide them with appropriate training and
development so that they can lead fulfilling careers.
SAFETY
We regard safety as an essential part of all our operations. We maintain and adopt practices that promote the safety of our customers and staff.
CORE
VALUES
PURSUIT OF EXCELLENCE
We strive for the highest professional standards in our work and aim to be the best in everything we do.
CUSTOMER FIRST
Our customers are foremost in our minds all the time. We go the extra mile to exceed their expectations.
INTEGRITY
We strive for fairness in all our business and working relationships.
SIA ENGINEERING COMPANY | 03 | SUSTAINABILITY REPORT 2022/23 |
ABOUT SIA | MANAGE OUR | SUSTAINABILITY | ||||||||
ENGINEERING | CEO'S | APPROACH TO | ENHANCE | EMPOWER OUR | ENVIRONMENTAL | PURSUE ACTIVE | PERFORMANCE OF | DEFINITIONS AND | GRI CONTENT | TCFD |
COMPANY | MESSAGE | SUSTAINABILITY | VALUE CREATION | WORKFORCE | IMPACT | PARTNERSHIPS | KEY SUBSIDIARIES | METHODOLOGIES | INDEX | INDEX |
ABOUT
THIS REPORT
THIS IS THE SIXTH SUSTAINABILITY REPORT FROM SIAEC
REPORTING PERIOD
[2-3]
This report highlights our economic, environmental, social and governance initiatives and performance for the financial year 1 April 2022 to 31 March 2023 (FY2022/23). 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 2022.
REPORTING SCOPE AND BOUNDARY
[2-2]
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 are progressively expanding the scope of our reporting and have included in this report sustainability data for four subsidiaries: SIA Engineering (Philippines) Corporation, Singapore Aero Support Services Pte. Ltd, SIA Engineering Japan Corporation and SIA Engineering (USA) Inc.
Please refer to page 21 for the full list of SIAEC's subsidiaries, JV and associated companies. Financial information relating to SIAEC Group's business can be found in the FY2022/23 Annual Report.
REPORTING FRAMEWORK
Global Reporting Initiative (GRI)
This report has been prepared with reference to the latest GRI Universal Standards 2021. The GRI Universal Standards is selected as it is widely used and internationally recognised by organisations for sustainability reporting.
SGX Sustainability Reporting Listing Rules and Guide
This report has been prepared in accordance with the six primary components set out in SGX-ST Listing Rule 711B and takes reference from SGX Practice Note 7.6 Sustainability Reporting Guide, which provides guidelines on component requirements and reporting principles. The report has incorporated new requirements of Listing Rule 711B and Sustainability Reporting Guide for financial years beginning on or after 1 January 2022, such as climate-related disclosures, internal review of the sustainability reporting process and mandatory sustainability training for directors. SIAEC is adopting a phased approach towards implementation of recommendations of Task Force on Climate-related Financial Disclosures by the required date of FY2024/25 set by SGX and is progressively reporting on the climate-related disclosures.
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 aspects important to SIAEC and our stakeholders against the
SDGs and identified 13 SDGs that our sustainability practices are in support of.
REPORTING QUALITY
[2-5]
SIAEC has not sought external assurance for this report and is considering doing so for future reports. To address internal review requirements in accordance with Rule 711B of the SGX-ST Listing Manual, SIAEC engaged an external consultant to review identified key aspects of the FY2022/23 Sustainability Report.
FEEDBACK
[2-3]
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 siaec@singaporeair.com.sg.
SIA ENGINEERING COMPANY | 04 | SUSTAINABILITY REPORT 2022/23 |
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SIA Engineering Company Ltd. published this content on 06 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2023 11:34:02 UTC.
