Far East Orchard Ltd 2023 Annual Report with Sustainability Disclosures
Company: Far East Orchard Ltd
Sector: Real estate
Country: Singapore
Year: 2023
Type: Annual Report with Sustainability Disclosures
Pages: 175
The report describes a strong FY2023 recovery, including the Group's highest operating profit in 10 years at S$57.9 million and revenue of S$183.6 million. It reports a 5% reduction in Scope 1 and 2 emissions from owned properties against a 42% SBTi target for 2030, while initiating Scope 3 disclosures for business travel and upstream fuel- and energy-related emissions. Social highlights include zero workplace fatalities for the seventh consecutive year, a 14% reduction in reportable injuries and 81.7 average annual training hours per team member. The report also describes an ongoing climate scenario analysis and the introduction of Local Community as a new material topic.
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