This represents our commitment and resolution in forging ahead towards “Building a Sustainable Future” for both the Group’s operations as well as the environment at large.
This represents our commitment and resolution in forging ahead towards “Building a Sustainable Future” for both the Group’s operations as well as the environment at large.
Sustainability At the Core
In FY2024, the Group has continued to push the boundaries of sustainability, innovation, and operational excellence. Our efforts in advancing environmental sustainability, digitalization, and electrification remain fundamental to the Group’s long-term vision.
This year, we reinforced our commitment to four key sustainability pillars:
- Strengthening economic resilience through sustainable business practices.
- Investing in technologies and solutions that positively impact the environment.
- Upholding strong corporate governance and compliance with evolving regulations.
- Fulfilling our role as a responsible corporate citizen by promoting social responsibility.
In alignment with the UN SDGs, we have identified eight key areas where our business operations have the most significant impact. By embedding these priorities into our strategy, we aim to build lasting trust and relevance with our stakeholders.
The Group is also closely monitoring the latest SGX Sustainability Reporting requirements, particularly the focus on carbon footprint disclosures and climate-related risks. As regulatory expectations continue to evolve, we are proactively enhancing our ESG governance framework, ensuring compliance, and integrating best practices to mitigate climate-related risks and capitalize on opportunities in the green economy.
Recognizing Our Sustainability Achievements
We are proud to share that the Group was recognized as the LowCarbonSG Category Winner at the 9th Singapore Apex Corporate Sustainability Awards 2024. This prestigious accolade reflects our efforts in reducing carbon emissions, aligning our operations with Singapore’s Green Plan 2030, and contributing to a more sustainable future.
Additionally, our subsidiary, Sea Forrest Technologies Pte Ltd, won the Most Sustainable Collaboration Award at the 2023 SICC Awards for its pioneering work in developing Singapore’s first hybrid wind farm crew transfer vessel in collaboration with Strategic Marine. These achievements reinforce our position as a leader in sustainable innovation within the maritime industry.
Engineering a Sustainable Future
As part of our sustainability transformation roadmap, our Green LED lighting solutions continue to support energy efficiency in the maritime sector, while our cybersecurity solutions safeguard critical infrastructure in an increasingly digital world.
Our Integrated Engineering division remains committed to maritime electrification and decarbonization, actively supporting Singapore’s Maritime Decarbonisation Blueprint. With expertise in hybrid and electric propulsion systems, we are well-positioned to drive the adoption of greener, low-carbon maritime solutions.
We are also deepening our research and development (“R&D”) efforts to expand our capabilities in sustainable engineering solutions, supporting industry-wide transitions toward net-zero emissions.
Green Sustainability and Decarbonization
The Maritime and Port Authority of Singapore (“MPA”) has set ambitious targets to reduce domestic harbour craft emissions by 15% by 2030 and transition to full-electric and net-zero fuels by 2050. BH Global is aligned with this vision and continues to play a pivotal role in maritime decarbonization through technological innovations, strategic collaborations, and industry partnerships.
Expanding Our Impact and Global Reach
Beyond Singapore, we continue to expand our influence across Asia, the Middle East, and Europe. In Infrared and Thermal Sensing Technology, our subsidiary Omnisense Systems is restructuring its global sales channels to drive further market penetration. In Cybersecurity, Athena Dynamics is strengthening its portfolio of advanced cyber solutions to address evolving cyber threats in critical industries.
Looking Ahead
As we move forward, BH Global remains steadfast in our sustainability commitments. Our transformation journey—focusing on Environmental, Electrification, and Digitalization—will continue to shape our strategic direction in the coming years.
The challenges of climate change, regulatory compliance, and technological advancements present new opportunities for us to lead the transition toward a greener, more resilient economy. With the collective efforts of our team, business partners, and stakeholders, we are confident in our ability to drive impactful change.
Appreciation
On behalf of the Board of Directors, I extend my heartfelt appreciation to our employees, partners, vendors, shareholders, and government agencies for your unwavering support. Your contributions have been instrumental in making FY2024 another successful year for BH Global.
We remain committed to building a sustainable, innovative, and future-ready organization—one that delivers value not only for our business but for our planet and future generations.