97 Annual Report 2024 2024 SUSTAINABILITY REPORT 11. CORPORATE GOVERNANCE 11.1 OUR APPROACH Good corporate governance underpins our business success and stakeholder trust. We are establishing governance related targets for our next sustainability report. In FY2025, we are developing a Sustainability Reporting Procedure Policy to enhance transparency and accountability in our ESG disclosures. This policy will outline our ESG governance structure, defining roles and responsibilities across all levels of personnel involved in sustainability reporting. It will establish a structured approach for selecting sustainability frameworks and material topics, ensuring alignment with industry best practices. Additionally, we are strengthening our ESG data collection and performance review processes to enhance data accuracy and decision-making. The policy will also formalize review and approval procedures for our sustainability report and introduce an ESG risk register to systematically assess and address sustainability-related risks. 11.2 ETHICS AND COMPLIANCE We maintain a zero-tolerance stance against fraud, bribery, and corruption. It is our policy to conduct all our business in an honest and ethical manner, and we will not tolerate any acts of bribery and corruption. We are committed to acting professionally and ethically in all our business dealings and relationships. CSE Global is committed to implementing and enforcing effective systems to counter bribery. Policies relating to anti-corruption and bribery are communicated to all our employees via the Employee Handbook. We also have in place a Whistle-blowing policy to ensure that there is a safe and confidential channel for our employees and external persons to communicate and lodge an alleged incident. To safeguard the business against any potential risks, we conduct a Risk Assessment and Control Self-Assessment exercise which entails the identification, assessment and documentation of material risks and corresponding internal controls. Such material risks include fraud and corruption, environmental, health and safety, and human capital risks which are ESG-relevant. In FY2024, we recorded zero confirmed incidents of corruption. 11.3 ECONOMIC PERFORMANCE We drive financial value and sustainable business growth through our customer service excellence and innovation. Our main source of revenue comes from our Electrification, Communications and Automation business segments. For more information relating to the Group’s economic performance, please refer to Financial Highlights and Operations and Financial Review sections of our Annual Report. FY2023 FY2024 Gross revenue (SGD million)4 638 763 Operating costs (SGD million)4 162 171 4 All figures provided only pertain to the entities scoped into the report and not the whole Group.
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