7 Annual Report 2024 MESSAGE TO STAKEHOLDERS to strengthen our corporate governance practices, supported by our capable team and the Board. GOOD PROGRESS IN SUSTAINABILITY AND COMMUNITY EFFORTS Sustainability and corporate social responsibility (“CSR”) remain integral to our operations and growth strategy. In FY2024, we continued to make meaningful progress in advancing our environmental, social, and governance (ESG) initiatives while deepening our commitment to the communities where we operate. At CSE, we employ two main sources of energy consumption for our operations - our vehicle fleet, which predominantly runs on diesel and petrol, alongside electricity usage across our office premises, warehouses, and integration centres. We are dedicated to reducing our energy consumption across all operations to ultimately mitigate our carbon footprint whilst negating detrimental environmental impacts. We employ a two-pronged approach towards reducing energy consumption and mitigating our carbon footprint. We have implemented motion sensor lighting and energy efficient bulbs, and perform routine energy performance assessments across our facilities to improve energy efficiency. We also promote employee awareness of energy conservation. To offset carbon emissions by contributing to reforestation efforts and improving biodiversity, a donation was made by our Australian operations towards the planting of 350 trees in 2024. Additionally, we are transitioning to cleaner energy sources by phasing in electric vehicles. These initiatives reduce environmental impact, contribute to operational cost savings and enhance long-term business resilience. By minimising our Executive Officer award at the Singapore Corporate Awards among listed companies with a market capitalisation of less than S$300 million. This recognition illustrates his visionary leadership and commitment to driving sustainable growth for the organisation. Looking ahead, CSE Global is reinforcing its leadership bench strength to prepare for the next phase of growth. We are also actively exploring innovative ways to streamline workflows and foster greater synergies across our diverse markets, ensuring operational efficiency and enhanced value creation. To remain competitive amidst emerging megatrends, we understand the importance of continuous upskilling and attracting top-tier talent. Our focus on growing the team strategically and training, coupled with maintaining a healthy employee retention rate, reflects our dedication to cultivating a supportive environment where talent can thrive. By empowering our team and investing in their development, we are confident that CSE Global will continue to deliver cutting-edge solutions and achieve long-term success. UPHOLDING HIGH STANDARDS OF CORPORATE GOVERNANCE At CSE Global, we are unwavering in our commitment to maintaining the highest standards of corporate governance. This commitment not only safeguards the interests of all stakeholders but also fosters trust and confidence in the Group. Our robust governance framework ensures that we operate with transparency, accountability, and integrity, which are key to our long-term success. A testament to our dedication to upholding exemplary corporate governance was CSE Global being awarded Gold for Best Risk Management and Best Annual Report among listed companies with a market capitalisation of less than S$300 million category at the Singapore Corporate Awards 2024. These accolades reflect our efforts to constantly improve our corporate governance standards by aligning them with evolving regulatory and industry benchmarks. CSE Global is committed to upholding corporate governance standards, which we believe will create more value for our shareholders. We will continue
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