- Geopolitical tensions, sustained high-interest rates, and increased borrowing costs raised concerns among contractors.
- High oil prices impacting transportation and operational costs, threatening profit margins.
- Change to the dependency ceiling ratio of foreign workers impacting productivity.
- Rising materials, oil, and diesel prices increasing construction costs.
- Customer concentration risk (top five customers accounted for approximately 66.1% of total revenue).
- Non-recurring nature of projects.
- Difficulties in recruiting and retaining skilled staff and foreign workers due to tightened policies and labor shortages.
Wei Yuan Holdings Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Wei Yuan Holdings Limited disclosed greenhouse gas emissions of 6.2K tCO2e/year. By scope: Scope 1: 5.9K tCO2e/year; Scope 2: 315.04 tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
6.2K tCO2e/year
2023
Water Usage
47.2K m3/year
2023
Waste
95.2K tons/year
2023
Energy Use
24.6K MWh/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 5.9K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 315.04 tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 6.2K tCO2e/year |
| 2022 | 8.4K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Awarded 2023 Heavy Goods Vehicle Fleet accredited by the Singapore Road Safety Council.
- Achieved zero work-related fatalities for 3 consecutive years.
- Awarded bizSAFE Star Level (Certification) accredited by the Workplace Safety and Health Council in Singapore since 2011.
- Introduced various measures and initiatives to achieve the goal of energy saving and efficient consumption, such as installing energy-efficient LED lights and replacing old machines with high electricity consumption.
🎯 Climate & Sustainability Targets
📅 Medium-term
- Reduce energy consumption intensity by 5% by 2030 (using 2022 as baseline).
- Maintain non-hazardous waste intensity by 2030 (using 2022 as baseline).
- Reduce greenhouse gas emissions intensity by 5% by 2030 (using 2022 as baseline).
🌱 ESG Focus Areas
Climate ChangeHealth and SafetyWaste ManagementEnergy ManagementEmployment PracticesSupply Chain ManagementAnti-corruptionCommunity Investment