Our Environmental, Social and Governance Responsibility
At Vicplas, we believe that doing good is good for business. Underlying our Environmental, Social and Governance (ESG) efforts is a commitment to create sustainable, long-term value for ourselves, as a company, our employees, stakeholders and society at large. The Vicplas Board of Directors oversees all ESG matters with support from the Corporate Sustainability Committee, which is chaired by our Group Chief Executive Officer. The Committee, in turn, manages the Corporate Sustainability Work Groups, which implements ESG efforts at a business segment level.
Our ESG efforts are fully aligned with the Sustainable Development Goals put forward by the United Nations. We have identified five areas in which we have the largest opportunity for impact and continue to work towards achieving progress in each.
Our plastic product lines from Vicplas Pipes are formulated to be free of heavy metals such as lead. These are manufactured in compliance with the Restriction of Hazardous Substances Directive 2002/95/EC (RoHS 1). The restricted materials are hazardous to the environment and pollute landfills, and are dangerous in terms of occupational exposure during manufacturing and recycling. By ensuring that our products are RoHS compliant, we reduce the risk of injury to people and damage to the environment.
We believe in creating equal opportunities for women to work, thrive and lead our organisation. At Vicplas, we have a healthy representation of women across our workforce, senior management team and Board of Directors.
All our employees, regardless of where they are located, are paid fair wages and accorded employment benefits in line with local regulations.
Our ongoing sustainability journey includes actively pursuing the ISO 14001:2015 Environmental Management Systems and ISO 50001:2018 Energy Management Systems to guide us in improving our manufacturing processes to reduce our use of resources, energy and waste. We also continue to explore ways to reduce GHG emissions from our business activities.
We do not tolerate any form of discrimination based on nationality, race, religion or political inclination that could compromise equal opportunities in our recruitment process and our employees’ career development.
We are committed to providing products with the highest level of quality and product safety. The conformity of the products, systems, and processes is periodically checked and confirmed at our various plants through internal and external audits.
We take responsibility in ensuring the safety and privacy of our customers’ data. In addition to processes and controls for handling and communicating sensitive and confidential information, we also have information security policies to ensure that customer data is managed in accordance with the level of confidentiality required.
As an SGX Mainboard-listed company, we adopt the Code of Corporate Governance as required in the Listing Rules. Our corporate governance framework covers ethics and compliance through a Code of Conduct as well as action guidelines which our officers and employees are expected to adhere to.
Our operations are subject to requirements through sector specific laws, regulations, and national licenses. We have policies, procedures and
programmes in place to prevent potential violations or non-compliance and monitor our practices through risk-based due diligence processes.
The COVID-19 pandemic has been a challenging time for businesses and individuals alike. We made several strategic adjustments to ease the burden on our customers and suppliers and supported governmental guidance on safety measures. Learn more in our Sustainability Report for FY2021.
We have embraced various green practices in our business operations. Our pipes and pipe fittings segment fully conforms to the relevant Singapore Standards on Specifications for unplasticised PVC pipes and fittings as well as its British, Australia and Japanese equivalent standards. We continue to work towards reducing or eliminating GHG emissions from our activities, and continually seek new and innovative ways to reduce our environmental impact.
In our Sustainability Report for FY2021, to better understand our environmental footprint, we reported our energy consumption and Scope 1 and 2 GHG emissions based of each business segment, and provided the energy and GHG intensity based on revenue. We believe that this will help us to better measure our progress year-on-year as we identify opportunities to reduce our GHG emissions and contribute to a low-carbon economy.
Our people are our most valuable resource and investing in their professional and personal well-being is vital to our success as a business. Our Human Resource management principles and policies are guided by the Singapore Tripartite Alliance for Fair and Progressive Employment Practices and established based on fair employment practices with the goal of attracting, supporting and retaining a motivated workforce.
We recognise that consistent and ongoing education is critical to maintaining a competitive, skilled, productive and motivated workforce. We offer training opportunities based on each employees’ job scope and skills requirements.
The nature of our business, as well as our diverse operations, inevitably create health and safety risks. Our aim is to limit those risks as much as possible so as to provide our employees a safe working environment. Each of our sites in Singapore and Malaysia has a Health and Safety representative to drive a positive safety culture and oversee the implementation of health and safety practices in their respective facilities.
As a responsible corporate citizen, we believe in giving back to society. Through philanthropy and employee volunteer efforts, we support organisations that stand up for vulnerable communities in Singapore such as migrant workers, low-income households, people living with disabilities and the chronically ill.
Read our sustainability reports to find out how we’ve been making progress on our ESG commitment.
Vicplas International Ltd. is a holding company based in Singapore and listed on the SGX mainboard. We provide optimal value to our clients and partners through continuous technological innovation.
© 2022 Vicplas International Ltd. All Rights Reserved.