BH Global : Annual Reports And Related Documents

03

About this Report

13

Our Sustainable Strategy

04

Board Statement

06

Chairman Statement

09

Response to COVID-19

10

Our Business

Corporate Overview Global Operations

14

Stakeholder Engagement & Material Topic Identification

Economic & Governance

21

Our Governance Business Ethics

Business Continuity Management Economic Review and GrowthSocial

Human Capital

31

Fair Employment Policies Skill Development Occupational Health and Safety Cyber and Customer Data privacyEnvironment

45

Non-Compliance with Environmental Law and Regulation

Addressing Climate Change

11

Business Memberships

54

GRI Content Index

About This Report

BH Global Corporation Ltd ("BH Global" or the "Company" and, together with its subsidiaries, the "Group") is proud to present its annual Sustainability Report for FY2021.

Sustainability is a part of the Group's wider strategy to create long-term value for all its stakeholders. The Group recognises the importance of economic, environmental, social and governance ("EESG") considerations in creating value for our business and our stakeholders. We adopt the principles of sustainability throughout our value chain and continue to build sustainable practices in every aspect of the Group's business in achieving high levels of integrity and excellence in its activities. The Board of Directors (the "Board") oversees the management of these factors and takes them into consideration in the determination of the Group's strategic direction and policies.

In FY2021, the Sustainability team has conducted the stakeholder engagement survey to refresh the key concerns from our stakeholders which is as part of our business sustainability strategy.

This report aims to disclose our EESG performance that are considered most material to our Group's stakeholders, including shareholders, suppliers, customers, business partners, management, and employees. The objective of preparing this report is to inform our stakeholders of the initiatives and strategies related to sustainability on which we are currently working on.

Reporting Framework

This Report is prepared with reference to the Global Reporting Initiative ("GRI") Standards: Core option and is aligned with the reporting requirements of the Singapore Exchange ("SGX") Mainboard Rules 711A and 711B.

We applied GRI as the sustainability reporting framework as it is internationally recognised and is widely adopted, enabling us to achieve a comprehensive and comparable disclosure of environmental, social and governance performance in our material topics.

We have also augmented our reporting framework by integrating the United Nations Sustainable Development Goals (UN SDGs) into our reporting process to map our contribution to global sustainable development.

Reporting Scope And Period

This Sustainability Report presents the annual sustainability performance of the Group during the financial year 2021 from 1 January 2021 to 31 December 2021, with historical performance data included for comparison, where available.

This report is the fifth Sustainability Report issued and it provides an update of the performance and targets on sustainability as set out in the previous report in the Annual Report for FY2020 issued on 6 April 2021.

The contents of this report emphasise BH Global's efforts towards global sustainability through the Singapore operations of our six subsidiary businesses including:

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Beng Hui Marine Electrical Pte Ltd ("BHM")

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SOPEX Innovations Pte Ltd ("SOPEX")

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BOS Offshore & Marine Pte Ltd ("BOS")

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Sea Forrest Engineering Pte Ltd ("SFE")

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Sea Forrest Power Solutions Pte Ltd ("SFP")

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Athena Dynamics Pte Ltd ("ADPL")

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Omnisense Systems Pte Ltd ("OMS)

This report shall be read together with the BH Global FY2021 Annual Report.

Report Accessibility

To reduce our environmental footprint, we shall not provide hard copies of this report.

The Report will be publicly accessible through the Company's website found athttps://www.bhglobal.com.sg/ sustainability/, as well on SGXNET.

Feedback

Feedback from the Company's stakeholders is imperative to our Group's continued improvement and growth. Please let us have your views and suggestions by contacting us at:[e-mail].

Independent Assurance

The data and information provided have not been verified by an independent third party. We have relied on internal data monitoring and verification to ensure accuracy of data and information.

The Group has chosen to leverage internal verification mechanisms to ensure data quality and accuracy within this report.

Hence, there is no independent external assurance for this report.

Board Statement

BH Global's Board of Directors recognises the highest standards of professional performance, accountability, and transparency. The Board is committed to delivering long-term value for all stakeholders through good governance of economic, environmental, and social aspects of the business.

The Board, supported by the Sustainability Committee, has considered sustainability issues in its businesses and strategies, determined the material EESG topics and oversee the management and monitoring of these topics.

This Sustainability Report provides the details on how the Group manages the key EESG material topics to create positive values for our stakeholders and communities. The Board has reviewed and endorsed this Sustainability Report.