XMH HOLDINGS LTD. XMH Holdings Ltd.
Sustainability Report 2021
(Incorporated in the Republic of Singapore)
(Company Registration Number: 201010562M)
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CONTENTS
About This Report | ||
• | Background | 3 |
Message from the Board | 4 | |
Company Background | ||
• | Company Profile | 5 |
• | Our Vision | 6 |
• | Our Mission | 6 |
• | Our Company's Values | 6 |
• | Governance Structure | 6 |
Sustainability Approach | ||
• | External Initiatives | 7 |
• | Members of Associations | 7 |
• | Governance and Sustainability Approach | 8 |
• | Stakeholder Engagement | 8 |
• | Defining Materiality | 10 |
• | Key topics identified | 11 |
Economic Performance | 12 | |
Employment | ||
• | Employees | 13 |
• | New Hires by Age Group and Gender | 13 |
• | Training | 13 |
• | Average Training Hours | 14 |
- Percentage of Employees Receiving Regular
Performance Review | 14 | |
Customer Health and Safety | ||
• | Quality of Sales and Services | 15 |
Legal and Compliance | ||
• | XMH's Ethical Principles | 16 |
• | Anti-corruption | 16 |
• | Environmental and Socioeconomic Compliance | 16 |
GRI Content Index | 17 |
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ABOUT THIS REPORT
Background
This is the fourth Sustainability Report ("Report") published by XMH Holdings Ltd ("XMH"). This report covers the period from 1 May 2020 to 30 April 2021 ("FY2021"). The entities included in this Report are XMH and its subsidiaries (the "Group"). This Report is prepared in compliance with the requirements of Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Rules 711A and 711B, and in accordance with Global Reporting Initiative ("GRI") standards: Core option. This report outlines key topics which may be of interest to XMH's stakeholders.
We have chosen the GRI reporting framework as it is an internationally-recognised benchmark for the disclosure of governance initiatives and the environmental, social and economic performance and impact on organisations. The GRI content index and relevant references are set out on pages 17-18.
We have not sought external assurance for our report for FY2021. This Report will be made available online on the Group's website. For any queries in relation to this report, we welcome you to contact us at www.xmh.com.sg/XMHH/contact.
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MESSAGE FROM THE BOARD
Dear Stakeholders,
XMH is pleased to present our Sustainability Report for the financial year ended 30 April 2021 ("FY2021"), which formalises and demonstrates our commitment towards building a more sustainable future.
This report captures the Group's approach towards environmental, social and governance ("ESG") risks and opportunities, as well as our sustainability performance for FY2021.
The Group has considered various concerns raised by our key stakeholders through stakeholder engagements which will be explained in this Report. Please refer to the "Stakeholder Engagement" on pages 8-9. This Report also highlights our sustainable practices embedded across XMH's business operations and our commitment to achieve the right balance of business values, sustainable growth, employee relationship and efforts in corporate compliance and governance.
Lastly, we would like to thank our key stakeholders, business partners and employees who have contributed to this Report and been with us in this sustainability journey. We hope to continue to work as a united and cohesive team and do our best to deliver optimal results and returns for our shareholders. This report complements our financial and corporate governance disclosures in our Annual Report and should be read together with our Annual Report 2021 for a holistic view of the Group's performance in FY2021.
Sincerely,
Board of Directors
XMH Holdings Ltd.
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COMPANY BACKGROUND
Company Profile
Founded in 1955, the Group has grown and is now reputable and well-known as a diesel engine, propulsion and power generating solutions provider to an array of customers in the marine and industrial sectors across Asia. The Company is a limited liability entity and our headquarters is located at 55 Tuas Crescent, #07-01, Singapore 638743. Other than having presence in Singapore, the Group has operations in Indonesia and Malaysia.
XMH Holdings Ltd. | |||||
100% | 100% | 100% | 100% | ||
PT Xin Ming Hua | XMH Engineering | Xin Ming Hua Pte | Mech-Power | ||
Engine | Pte. Ltd. | Ltd | Generator Pte Ltd | ||
50% | Vivo Power | 100% | Mech Power | ||
Myanmar | Generator Sdn. | ||||
Company Limited | Bhd. |
The Group has expanded its primary product offerings to include distributorships, agency, partnership and dealership rights from well-known brands such as Mitsubishi, Akasaka, Kamome and Taiyo, (Japan), D-I and Doosan (South Korea), SOLÉ, Reintjes and CENTA (Europe), BUKH (Denmark), MTU (Germany), and SGP (India). To date, we have forged valuable relationships with more than 250 suppliers in our supply chain. In FY2021, there were no material changes to the Group's supply chain.
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Disclaimer
XMH Holdings Ltd. published this content on 29 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 September 2021 03:41:03 UTC.
