34 TIONG WOON CORPORATION HOLDING LTD SUSTAINABILITY REPORT 2025 CLIMATE STRATEGY AND IFRS S2 DISCLOSURES Risk Risk Driver Time Horizon Impact Strategic Responses Market ESG initiatives will lead to higher prices for lifting equipment and its components • Supply chain disruptions • Market demand and competition 2050 • The rise in expenses for acquiring lifting equipment with environmentally friendly features will increase both capital expenditures and operational expenses • Optimise resource consumption within value chain and closely monitors material and equipment prices in the market Opportunity Opportunity Driver Time Horizon Description Existing Actions Resource efficiency Adoption of resource-efficient practices and use of supportive policy incentives • Government initiatives and efforts to support sustainability • Increased awareness of sustainability issues by customers and business partners 2050 • Enhancing energy efficiency and water conservation in our operations and office premises, resulting in cost savings • Adoption of resourceefficient practices in premises by implementing recycling initiatives and minimising paper usage • Installation of solar panels to generate electricity and save operating costs • Upgrading to energyefficient cranes and electric vehicles to help reduce emissions from our fleet Resources Promotion of recycling/ water-savings/ sustainable habits in office space 2050 • Use of government grants and supporting incentives can offset capital expenditures required to adopt greener energy sources and technologies, resulting in cost savings Resilience Participation in renewable energy programmes and adoption of energy-efficiency measures 2050 • Increased market valuation through resilience planning (e.g., human capital, infrastructure, equipment, building) • Better competitive position and branding to capture shifting customer’s preferences for environmentfriendly products and services, resulting in increased revenue
RkJQdWJsaXNoZXIy NTM2MDQ5