SUSTAINABILITY
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Our sustainability journey is a shared responsibility, and we invite all our stakeholders, employees, customers, business partners, and communities, to join us in shaping a more sustainable and resilient future. Together, we can drive meaningful change, foster innovation, and build a legacy of excellence that benefits both present and future generations.
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Our sustainability journey is a shared responsibility, and we invite all our stakeholders, employees, customers, business partners, and communities, to join us in shaping a more sustainable and resilient future. Together, we can drive meaningful change, foster innovation, and build a legacy of excellence that benefits both present and future generations.
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NIPSEA Group’s strategy for advancing our sustainability agenda is based on our philosophy of “Mutual Prosperity”.
This philosophy emphasises not only consistent financial performance but also environmental and social responsibility. We understand that long-term business success is intrinsically connected to the well-being of the communities we serve and the ecosystems on which we rely.
By embedding Environmental, Social, and Governance (“ESG”) factors into our operations, we strive to generate shared value for all stakeholders and ensure the long-term sustainability of both our company and the environment.
Our dedication surpasses mere regulatory compliance; we actively tackle significant sustainability challenges by utilising our expertise, innovation, and collaborations to foster substantial progress.
In FY2024, we conducted a Materiality Assessment to refine our material ESG topics and ensure that our sustainability framework remains relevant in the face of evolving regulatory requirements and market sentiments.
We conducted this assessment by engaging with our key customers and employees through one-on-one interviews and surveys. This process allowed us to obtain insights that were used to validate our updated material topics and inform our sustainability strategy.
In line with the Materiality Assessment, we revised the list of material ESG topics to a total of 11 material ESG topics- from 14 last year to provide a more focused view that is reflective of NIPSEA Group’s business needs.
NIPSEA Group proactively addresses sustainability challenges and trends by engaging with a diverse range of stakeholders, including investors, customers, employees, suppliers, government and regulatory bodies, nongovernmental organisations (“NGOs”), and industry groups through various channels.
NIPSEA’s business approach aims to create tangible social impact in communities through our CSR Umbrella – Colouring Lives, in countries where we operate. Our priority is to invest in and foster growth in areas facing socio-economic challenges through three key CSR pillars: Education, Empowerment, and Engagement.
Providing access to education for
children and youths through establishing a collaborative learning platform and art & colour education programmes.
Health & Well-being
Enhancing the well-being of the
communities we operate in and ensuring that livelihood needs are met, especially during emergency circumstances.
Protection & Preservation
Refurbishing communal spaces to improve living conditions, preserve local cultural heritage sites, and promote environmental protection.
Equipping members of the community with skills and knowledge through vocational empowerment, training and
certification programmes, as well as the facilitation of job opportunities.
Through ongoing collaboration with local governments, business partners, and NGOs, we are dedicated to leveraging our assets and resources to best serve the community’s interests within the framework of our Colouring Lives CSR vision.
This vision is guided by the following approaches:
Grounded in NPHD’s Global Code of Conduct, our standards and frameworks for engaging with clients, stakeholders, and colleagues are tailored to align with NIPSEA Group’s business landscape. As the foundation of our values, the Group’s Code of Conduct outlines the principles and policies that every employee is entrusted to uphold, ensuring the highest professional standards in daily operations. Our approach is built on three core pillars: fair and ethical business practices, prioritising employee safety and well-being, and actively respecting and contributing to the environment and communities in which we operate. These pillars guide our people in maintaining integrity, fostering a responsible workplace, and driving sustainable impact.
Upholding customer trust and confidence
Ensuring responsible business practices has been of paramount importance to the customers we serve.
In this aspect, NIPSEA Group remains committed to adopting safe and ethical business practices throughout our operations and supply chain to assure customers of our product quality and ultimately maintain their satisfaction and trust in us.
