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Board Of Directors  |  Key Management  |  Competitive Strengths  |  Corporate Governance  |  Sustainability Report

Ryobi Kiso is a leading ground engineering solutions provider and its products and services have a direct impact on the environment and the public. The Group's CEO and the Board understand the importance of fulfilling its social responsibilities while maximizing returns for the shareholders.

Similarly, Ryobi Kiso, as part of the Singapore construction industry, strives to fulfill and exceed the construction sustainability guidelines advocated by the Building and Construction Authority ("BCA") and other authorities. Thereby, achieving sustainable competitive advantages and identifying sustainability values within the organization has always been one of the Group's priorities.

At Ryobi Kiso, the management endeavors to make significant contributions towards achieving economic and social goals for the various stakeholders. The Group has directly exerted its sustainability visions on the following five areas:

Environment

Ryobi Kiso is aware that the nature of the Group's products and services will have certain impact on the environment. The processes which the Group adopted are environmentally friendly and resources deployed will be sustainable

In 2016, Ryobi Kiso has attained the accreditation under Green and Gracious Builders Scheme initiated by BCA. The Group's products and services have met industry sustainability and environmental guidelines. The Group also ensures that the material and services that it procures also meet the industry green standard.

Green Initiatives on Work Sites

In general, the Group firmly believes the value of "reduce, reuse, and recycle". Ryobi Kiso strives to reduce pollutions, particularly environmental and noise pollutions. The Group is always looking for ways to reuse and/or recycle excess resources for alternative purposes in order to reduce wastages. Some of the initiatives include:

Green Initiatives in Office

The Group also extends its green policies from the work sites to enterprise-wide including its offices. At company level, it tracks energy, paper and water usage and has implemented numerous programs to reduce wastages. Some of the initiatives include:

Carbon Emission Reduction Program

Greenhouse gases emission is a major concern of the Group, and processes had been implemented to reduce greenhouse gases emission. Equipment is maintained regularly in compliance with manufacturers' recommendation and the Group's maintenance regime, to ensure optimal efficiency of its equipment and reduction in greenhouse gases emission. Ryobi Kiso also seeks alternative energy sources and has already deployed some solar-powered equipment on the work sites. The usage of carbon reduction products are also strongly encouraged.

Human Capital

Training and Professional Development

Human capital is the key to any company's success in today's dynamic and challenging business environment as well as to ensure business continuity in the long term. Ryobi Kiso places great emphasis on supporting the professional growth of its employees and have identified various learning programs as well as training courses to help them to develop the necessary skills, competencies and behaviors to handle increasingly complex challenges at work. Training hours are tracked and monitored, while both in-house and external trainers are engaged to ensure progression and upgrading of skills.

Talent Acquisition and Retention

The Group also highly values talented employees and has in place various initiatives to attract young and capable engineers as well as to retain experienced employees. Within each calendar year, the Group will participate in various careers talks and seminars that are held by the tertiary institutions to scout for new talent. The Human Resource department always keeps itself abreast of the latest salary trends in the industry in order to offer attractive and competitive remuneration packages. Clear career progression paths and skills acquisition programs are planned which allows the Group's employees to fully develop their potentials.

Similarly, Ryobi Kiso also treasures experienced veterans of the industry. The Group does not discriminate older workers and has instilled a mindset of "age plays no part in value creation" throughout the organisation. This has enabled the Group to continue to employ senior employees beyond their retirement age.

Care for Workforce

In Ryobi Kiso, it believes that a worker's well being will have exponential effect on productivity. As such, the Group has put in place many programs to ensure that the welfare of its workers are being well taken care of. Achieving work-life balance is one of the main targets for each business units.

As Ryobi Kiso has workers and employees of diverse background, it pays special attention to cultural differences. Having good culture awareness, the Group is able to understand its workers' needs and prevent unnecessary frictions and encourage better bonding between workers of different nationalities; thereby creating a much happier workforce.

Additionally, the Group houses its worker population within its own dormitory. This gives Ryobi Kiso full autonomy in determining the types of amenities as well as the day-today welfare programs. A dormitory officer is appointed to understand the concerns of the general worker and conduct regular feedback sessions. All workers are encouraged to voice their concerns or any difficulties during their course of work. Periodically, recreational activities are organized and weekly transports are provided for the workers to their favorite hangouts during their off-days.

Workplace Safety Management

Workplace safety is an important part of the Group's culture, especially in the crucial area of occupational health and safety. Ryobi Kiso has attained OHSAS 18001:2007, an internationally recognised assessment specification for occupational health and safety management systems. This rigorous framework allows the Group to consistently identify and control its health and safety risks and reduce potential accidents at its work sites. Some of the initiatives that have been put in place to create a safe work environment and ensure compliance with government safety regulations include:

Other than ensuring that its employees are able to work in a safe and incident-free environment, these initiatives also help to reduce loss of man-hours as well as increase productivity.

Innovation and Productivity

In the quest of achieving sustainable growth, the Group believes that innovation and increasing productivity play an instrumental role. They not only enable the organisation to establish long term competitive advantages but also present innovative solutions that can minimise environmental impacts as well as optimising resources to reduce wastages.

Under the direct guidance of the CEO, a special taskforce was commissioned to explore best practices, innovations and other productivity improvement initiatives. The team will conduct frequent feedback sessions with the various departments to understand any bottlenecks in their work and devise numerous solutions to their work processes. Particularly in the area of information technology, the taskforce has implemented a business intelligence system to improve business units' performance. It has also adopted a Global Positioning System ("GPS") tracking system for its fleets of vehicles.

Knowledge Management

Knowledge is also a strategic asset and it is always a challenge on how an organisation develops, shares and utilises organisational knowledge. In Ryobi Kiso, valuable insights and lessons are learnt and new knowledge is mastered in every project. This knowledge is very important and enables the Group not to repeat past mistakes as well as utilising innovative solutions across the entire enterprise.

An on-going effort to manage the corporate knowledge is well underway. Weekly meetings are held, during which mid-level managers are invited to attend to address industry wide issues and project specific challenges. In the last two years, the Group has implemented a "mentoring system" where knowledge and information are transferred from an experienced senior staff to the junior staff. In addition, past projects information, standard procedures and project reviews were carried out and documented. Employees are now able to access this knowledge from a central location.

Charity

As a firm believer of giving back to the community, Ryobi Kiso supports a variety of community-based programs that provide support to the elderly, needy and disabled. In FY2016, Ryobi Kiso contributed to organisations such as National Kidney Foundation, Ren Ci Hospital, The UOB Heartbeat, Stroke Support Station Ltd, SBF Foundation Ltd, Singapore Chinese Cultural Centre and others.

The Group supports and participates in numerous programs that promote the communities' social wellbeing. Overall, community engagements remain an important ethos for the Group as this reinforces a sense of pride and promotes a culture of contribution in the workplace. Going forward, the Group will continue to seek out more suitable community involvement programs.