In this report, we take stock of our mid-point progress towards our 2025 ESG targets and are proud to be on track to achieve them. This accomplishment is particularly significant for HLA, coinciding with our celebration of the Group’s 60th anniversary. As we reflect on our contributions to the transformation and advancement of Asian cities in the last six decades, we are also taking proactive steps to strengthen this solid foundation—and advocate collective resilience for the future.

The 2022 Sustainability Report outlined the HLA Group’s ongoing efforts to operate sustainably and responsibly as we work towards a green economy. The HLA Group’s sustainability journey in 2022 was marked with several milestones, from rolling out Singapore’s first 12m3  ready-mix concrete trucks under #IslandConcrete to publishing our inaugural Task Force on Climate-Related Financial Disclosures (TCFD) analysis.

In this report, we are proud to present our first Sustainability Framework and Roadmap supported by 2025 ESG targets. This new foundation is defined by three interconnected pillars unique to HLA and aims to guide the whole organization through shared goals as well as drive clear performance measurement and stronger data reporting practices.

Climate change and the recent global pandemic have created an even greater urgency for us to prioritise and rebalance our focus on environmental and social issues. In 2021, the Group will be embarking on the next stage of strengthening our sustainability agenda and enabling a more holistic approach in it.

Due to the outbreak of COVID-19, we have taken various measures to safeguard our employees’ health and safety, as well as activated our Business Continuity Plan to mitigate any challenges from any business disruption.

By continuously tracking the indicators for our material sustainability issues, the Group is able to monitor and remain accountable to its key stakeholders on the sustainable development of the business. We are hopeful that this on-going effort will result in improvements year-on-year.

With these changes implemented, the Group is going into 2018 leaner, and more flexible to transform as the market demands of us. Our focus will be kept on growing the business sustainably and we remain committed to being a responsible corporate citizen.

Despite the challenging business environment, we remain committed to being a responsible corporate citizen. Our goal is to exercise cost discipline, organisational restructuring and strategy repositioning to tide our businesses through the rough patch, as we continue to march on this sustainability journey ahead.