Sustainability
Strategies & Goals
Our Business Pillars
Tru-Marine is renowned for providing exceptional MRO solutions, combining extensive expertise with a comprehensive range of services — from routine overhauls and reconditioning to emergency repairs. We take pride in our capabilities, which are founded on the core pillars of our business.
Our ESG Timeline
1
Preparation
- Application for grant from Enterprise SG
- Training of senior leadership on essentials for ESG
- LCA training by SIMTech
- Engagement of DNV as ESG consultant
2
Planning
- How to report sustainability in context to industry
and location - Establishing sustainability team and governance
structure - Devising organizational sustainability goals and plans
- Determining reporting method, framework and scope
3
Materiality Assessment
- Stakeholder engagement
- Identifying and prioritizing material ESG factors
- Seeking board/senior management agreement on material factors
4
Data Collection
- Establishing system for performance data and information collection
- Setting up internal analysis and verification system
5
Target Setting
- Establishing Policies, Practices and KPIs foreach material for ESG Factor
- Setting short-and-longterm targets
6
Reporting
- Drafting sustainability report in line with regional requirements and Global framework selected
7
Assurance
- Obtaining independent external Assurance
8
Continuous Improvement
- Regular review and analysis of ESG Goals
Material Matters
Under the guidance of DNV, we have identified material topics that provide insight into our stakeholder concerns as well as the internal and external risk factors that impact our business. We have in place our ESG framework, key initiatives, fact-based KPIs, as well as a roadmap for continuing efforts and relevant ISO certifications.
Our initiatives and efforts are also informed by the United Nation’s Sustainable Development Goals and seek to contribute to the relevant goals.
Environment
We strive to bring out the best in our people by investing in their professional development and well-being
| Topic | Target |
|---|---|
| Energy & Water Management | Reduce water and energy consumption across all operations by 15% by 2030 through efficiency improvements, renewable energy adoption, and sustainable water recycling initiatives. |
| Waste & Pollution | Implement waste reduction strategies to achieve a 30% decrease in non-recyclable waste by 2030, while ensuring responsible disposal and minimizing emissions from operations. |
| Product Use & End of Life | Promote circular economy practices by increasing remanufacturing efforts, extending product life cycles, and ensuring at least 50% of materials are recyclable by 2030. |
| Sustainable Procurement | Source at least 30% of materials and services from environmentally responsible suppliers by 2025, prioritizing low-carbon and ethically sourced options. |
Relevant Links:
1.Supplier Code of Conduct File
Social
| Topic | Target |
|---|---|
| Professional Development | Provide ongoing training and career advancement opportunities, ensuring that 100% of employees have access to skill development programs by 2025. |
| Community Engagement & Corporate Social Responsibility | Support local communities through volunteer programs, partnerships, and funding initiatives, aiming for at least 100 volunteer hours annually by 2026. |
| Employee Safety Wellness | Foster a safe and healthy workplace by implementing comprehensive wellness programs and achieving a zero-incident workplace safety target by 2026. |
Relevant Links:
1. Employee Handbook
2. Diversity, Equity & Inclusion
3. Whistleblowing Policies
Governance
We drive high standards of governance underpinned by strong corporate governance, transparency and accountability in our actions
| Topic | Target |
|---|---|
| Product Quality & Service Responsibility | Ensure 100% compliance with industry standards and best practices, implementing continuous improvements to enhance product quality and customer satisfaction. |
| Governance | Uphold transparency and ethical decision-making by strengthening compliance frameworks, aiming for full adherence to regulatory and internal governance policies. |
| Information Management | Enhance data security and privacy by implementing robust cybersecurity measures, ensuring 100% compliance with data protection regulations by 2026. |
