{"id":2157,"date":"2023-06-13T07:26:28","date_gmt":"2023-06-13T07:26:28","guid":{"rendered":"https:\/\/www.bhglobal.com.sg\/?page_id=2157"},"modified":"2024-05-07T05:54:32","modified_gmt":"2024-05-07T05:54:32","slug":"sustainability-chairman-statement","status":"publish","type":"page","link":"https:\/\/www.bhglobal.com.sg\/sustainability-chairman-statement\/","title":{"rendered":"Chairman Statement"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"2157\" class=\"elementor elementor-2157\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9b4014a elementor-hidden-mobile elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9b4014a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-346b834\" data-id=\"346b834\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4b2c93c elementor-invisible elementor-widget elementor-widget-image\" data-id=\"4b2c93c\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;}\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 30-04-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1479\" height=\"1906\" src=\"https:\/\/sgp1.digitaloceanspaces.com\/bhglobal.com.sg\/wp-content\/uploads\/2023\/06\/08084816\/chairman-and-ceo-of-bhglobal-vincent-lim.jpg\" class=\"attachment-full size-full wp-image-2012\" alt=\"Executive chairman and ceo of bhglobal corporation ltd\" srcset=\"https:\/\/sgp1.digitaloceanspaces.com\/bhglobal.com.sg\/wp-content\/uploads\/2023\/06\/08084816\/chairman-and-ceo-of-bhglobal-vincent-lim.jpg 1479w, https:\/\/sgp1.digitaloceanspaces.com\/bhglobal.com.sg\/wp-content\/uploads\/2023\/06\/08084816\/chairman-and-ceo-of-bhglobal-vincent-lim-233x300.jpg 233w, https:\/\/sgp1.digitaloceanspaces.com\/bhglobal.com.sg\/wp-content\/uploads\/2023\/06\/08084816\/chairman-and-ceo-of-bhglobal-vincent-lim-795x1024.jpg 795w, https:\/\/sgp1.digitaloceanspaces.com\/bhglobal.com.sg\/wp-content\/uploads\/2023\/06\/08084816\/chairman-and-ceo-of-bhglobal-vincent-lim-768x990.jpg 768w, https:\/\/sgp1.digitaloceanspaces.com\/bhglobal.com.sg\/wp-content\/uploads\/2023\/06\/08084816\/chairman-and-ceo-of-bhglobal-vincent-lim-1192x1536.jpg 1192w\" sizes=\"(max-width: 1479px) 100vw, 1479px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-467fc27 elementor-hidden-mobile\" data-id=\"467fc27\" data-element_type=\"column\" data-settings=\"{&quot;animation&quot;:&quot;none&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-84d33ed elementor-widget__width-initial elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"84d33ed\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 30-04-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<div style=\"background: red; height: 150px; width: 5px;\"><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-98bd112\" data-id=\"98bd112\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-aa5172e elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"aa5172e\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInRight&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>This represents our commitment and resolution in forging ahead towards \u201cBuilding a Sustainable Future\u201d for both the Group\u2019s operations as well as the environment at large.<\/p><footer class=\"text-small letter-spacing-2px d-inline-block text-uppercase\">VINCENT LIM HUI ENG<\/footer><footer class=\"text-small letter-spacing-2px \">Executive Chairman and CEO<\/footer>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-d103075\" data-id=\"d103075\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-59421dc elementor-hidden-desktop elementor-hidden-tablet elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"59421dc\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-227a034\" data-id=\"227a034\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-665a643 elementor-invisible elementor-widget elementor-widget-image\" data-id=\"665a643\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;}\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1479\" height=\"1906\" src=\"https:\/\/sgp1.digitaloceanspaces.com\/bhglobal.com.sg\/wp-content\/uploads\/2023\/06\/08084816\/chairman-and-ceo-of-bhglobal-vincent-lim.jpg\" class=\"attachment-full size-full wp-image-2012\" alt=\"Executive chairman and ceo of bhglobal corporation ltd\" srcset=\"https:\/\/sgp1.digitaloceanspaces.com\/bhglobal.com.sg\/wp-content\/uploads\/2023\/06\/08084816\/chairman-and-ceo-of-bhglobal-vincent-lim.jpg 1479w, https:\/\/sgp1.digitaloceanspaces.com\/bhglobal.com.sg\/wp-content\/uploads\/2023\/06\/08084816\/chairman-and-ceo-of-bhglobal-vincent-lim-233x300.jpg 233w, https:\/\/sgp1.digitaloceanspaces.com\/bhglobal.com.sg\/wp-content\/uploads\/2023\/06\/08084816\/chairman-and-ceo-of-bhglobal-vincent-lim-795x1024.jpg 795w, https:\/\/sgp1.digitaloceanspaces.com\/bhglobal.com.sg\/wp-content\/uploads\/2023\/06\/08084816\/chairman-and-ceo-of-bhglobal-vincent-lim-768x990.jpg 768w, https:\/\/sgp1.digitaloceanspaces.com\/bhglobal.com.sg\/wp-content\/uploads\/2023\/06\/08084816\/chairman-and-ceo-of-bhglobal-vincent-lim-1192x1536.jpg 1192w\" sizes=\"(max-width: 1479px) 100vw, 1479px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-cd139a5\" data-id=\"cd139a5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d6a0402 elementor-widget elementor-widget-html\" data-id=\"d6a0402\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\n<!--<div style=\"padding-left: 20px;border-left: 5px solid red;\">-->\n    <blockquote class=\"border-width-6px alt-font border-color-primary margin-4-half-rem-tb md-no-padding-right xs-no-margin-tb\"><p>This represents our commitment and resolution in forging ahead towards \u201cBuilding a Sustainable Future\u201d for both the Group\u2019s operations as well as the environment at large.<\/p>\n    <footer class=\"text-small letter-spacing-2px d-inline-block text-uppercase\">VINCENT LIM HUI ENG <\/footer>\n    <footer class=\"text-small letter-spacing-2px \">Executive Chairman and CEO<br><br> <a href=\"https:\/\/www.bhglobal.com.sg\/sustainability\/chairman-statement\/\"><\/a> <\/footer>\n    <\/blockquote>\n\n\n<!--<\/div>-->\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-df49400 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"df49400\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-dd0b1de\" data-id=\"dd0b1de\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6c55237 elementor-widget elementor-widget-heading\" data-id=\"6c55237\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 30-04-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">Sustainability At the Core\u200b<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f15f23e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f15f23e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7b0b086\" data-id=\"7b0b086\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9c9c4ef elementor-widget elementor-widget-text-editor\" data-id=\"9c9c4ef\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>In FY2022, we have made significant efforts in progressing towards our goal of building a sustainable future. The Group has also stepped up and introduce have embraced technologies in relation to Environment, Digitalisation and Electrification, to contribute towards long-term sustainability in\u00a0<strong>four<\/strong>\u00a0key areas:<\/p><ul style=\"margin-top: -10px; margin-left: 30px; margin-bottom: 10px; font-size: 1.6rem;\"><li>Positive economic development of the <a href=\"https:\/\/www.bhglobal.com.sg\/sustainability-unsdg\">Group\u2019s businesses<\/a>;<\/li><li>Development of technologies and products with <a href=\"https:\/\/www.bhglobal.com.sg\/sustainability-environment\">positive impact on the environment<\/a><\/li><li>Compliance towards <a href=\"https:\/\/www.bhglobal.com.sg\/sustainability-governance\">corporate governance<\/a>; and<\/li><li>To be a good corporate citizen with <a href=\"https:\/\/www.bhglobal.com.sg\/sustainability-social\">social responsibility.<\/a><\/li><\/ul><p>The Group is highlighting our progress towards the UN SDGs within the various diversified businesses. Among the 17 UN SDGs, we have identified eight goals to which we can contribute, and in which we have the largest impact. We hope to build trust and relevancy with the stakeholders through this identification exercise.<\/p><p>The Group is well aware of the latest changes in SGX Sustainability Reporting regulations and requirements, ensuring to keeps ourselves equipped with sustainability knowledge and up to date with the latest changes, such as board diversity and climate-related disclosures.<\/p><p>The Group is trying our utmost effort to ensure that our long-term business strategies and policies are in line with the highest standard of sustainable practice.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ec5ba27 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ec5ba27\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d98aaa4\" data-id=\"d98aaa4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-408b7cf elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"408b7cf\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 30-04-2024 *\/\n.elementor-widget-divider{--divider-border-style:none;--divider-border-width:1px;--divider-color:#0c0d0e;--divider-icon-size:20px;--divider-element-spacing:10px;--divider-pattern-height:24px;--divider-pattern-size:20px;--divider-pattern-url:none;--divider-pattern-repeat:repeat-x}.elementor-widget-divider .elementor-divider{display:flex}.elementor-widget-divider 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.elementor-divider-separator,.elementor-widget-divider--separator-type-pattern:not(.elementor-widget-divider--view-line) .elementor-divider-separator:after,.elementor-widget-divider--separator-type-pattern:not(.elementor-widget-divider--view-line) .elementor-divider-separator:before,.elementor-widget-divider--separator-type-pattern:not([class*=elementor-widget-divider--view]) .elementor-divider-separator{width:100%;min-height:var(--divider-pattern-height);-webkit-mask-size:var(--divider-pattern-size) 100%;mask-size:var(--divider-pattern-size) 100%;-webkit-mask-repeat:var(--divider-pattern-repeat);mask-repeat:var(--divider-pattern-repeat);background-color:var(--divider-color);-webkit-mask-image:var(--divider-pattern-url);mask-image:var(--divider-pattern-url)}.elementor-widget-divider--no-spacing{--divider-pattern-size:auto}.elementor-widget-divider--bg-round{--divider-pattern-repeat:round}.rtl .elementor-widget-divider .elementor-divider__text{direction:rtl}.e-con-inner>.elementor-widget-divider,.e-con>.elementor-widget-divider{width:var(--container-widget-width,100%);--flex-grow:var(--container-widget-flex-grow)}<\/style>\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-df20691 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"df20691\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d85df0f\" data-id=\"d85df0f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7a09280 elementor-widget elementor-widget-heading\" data-id=\"7a09280\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Global Uncertainties Remain\u200b<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-dd08bdb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"dd08bdb\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-53621ce\" data-id=\"53621ce\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-98c1dd9 elementor-widget elementor-widget-text-editor\" data-id=\"98c1dd9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>From US-China trade tensions to the pandemic and Russia-Ukraine war, uncertainties that have affected the global economy in recent years have introduced a new normal for businesses worldwide.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7e9e10f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7e9e10f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8902b3c\" data-id=\"8902b3c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0db78e2 elementor-widget elementor-widget-heading\" data-id=\"0db78e2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-medium\">Global Inflation   <\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-98c0d69 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"98c0d69\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-53184e2\" data-id=\"53184e2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-40fa06e elementor-widget elementor-widget-text-editor\" data-id=\"40fa06e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span class=\"cf0\">The impact of global inflation has resulted in increased interest rates and higher expenses.<\/span><\/p><p><span class=\"cf0\">In addition, the shipping industry continues to encounter challenges in driving the transition towards Green Sustainability.<\/span><\/p><p><span class=\"cf0\">These challenges include<\/span><\/p><ul style=\"margin-top: -10px; margin-left: 30px; margin-bottom: 10px; font-size: 1.6rem;\"><li>Reducing emissions<\/li><li>Adapting to new Green regulatory requirements<\/li><li>Commercial implications on businesses&#8217; bottom<\/li><\/ul><p><strong>Reducing emissions<\/strong><\/p><p><span class=\"cf0\">The lack of communication and discussion between ship owners and charterers on Sustainability is a significant factor that hinders collaboration within the industry and slows down positive efforts towards environmental initiatives.<\/span><\/p><p class=\"pf0\"><span class=\"cf0\">It is crucial to foster open dialogue and engagement between these stakeholders to overcome this challenge and drive meaningful progress in sustainability.<\/span><\/p><p><strong>Adapting to new Green regulatory requirements<\/strong><\/p><p>Growing targeted cyber-attacks on critical infrastructure drives the message that it is crucial for transportation and shipping organisations to bolster their defences against increasingly\u00a0 \u00a0widespread and disruptive sophisticated attacks.<\/p><p><strong>Commercial implications on businesses\u2019 bottom<\/strong><\/p><p>An increase in capex spending in oil and gas as well as renewables, combined with a tighter supply of active tonnage, continues to point towards greater optimism for the offshore vessel market.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f6986fe elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f6986fe\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d5d9b2c\" data-id=\"d5d9b2c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e72cfa1 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"e72cfa1\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-42bf30d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"42bf30d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-fbe27ef\" data-id=\"fbe27ef\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5384864 elementor-widget elementor-widget-heading\" data-id=\"5384864\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Strong Core and Improving Engineering\u200b<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-cf82364 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"cf82364\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e2ae26c\" data-id=\"e2ae26c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-50bd0e1 elementor-widget elementor-widget-text-editor\" data-id=\"50bd0e1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Our portfolio of products has continued to evolve, with a particular focus on advancing technologies that redefine industry standards. Our LED lighting solutions illuminate not just vessels but also pathways towards greener, more energy-efficient maritime operations. In parallel, our unique maritime cyber security offerings stand as testament to our dedication to safeguarding the digital infrastructure of our clients, ensuring resilience against evolving cyber threats.<\/p><p>Moreover, our endeavours in the electrification of vessels signify our proactive approach towards sustainable maritime transportation. By pioneering electrification technologies, we aim to reduce carbon emissions and mitigate the environmental impact of marine operations, contributing to a cleaner, more sustainable future for our oceans.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e1d4031 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e1d4031\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-aaeafd8\" data-id=\"aaeafd8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c3ce99b elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"c3ce99b\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0ec37da elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0ec37da\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d14c48d\" data-id=\"d14c48d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5b1ff10 elementor-widget elementor-widget-heading\" data-id=\"5b1ff10\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Green Sustainability and Decarbonisation\u200b<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a32311d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a32311d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-898b83b\" data-id=\"898b83b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bd58f30 elementor-widget elementor-widget-text-editor\" data-id=\"bd58f30\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The Maritime and Port Authority of Singapore (\u201cMPA\u201d) aims to encourage ambitious and concrete long-term strategies to build a sustainable Maritime Singapore through the Maritime Singapore Decarbonisation Blueprint: Working Towards 2050.<\/p><p>The Blueprint will contribute to Singapore\u2019s commitments under the United Nations\u2019 2030 Sustainable Development Agenda, Paris Agreement, and the Initial IMO Strategy on reduction of GHG emissions from ships and strengthening Singapore\u2019s value proposition as a leading global hub port and international maritime centre.<\/p><p>By 2030, MPA aims to reduce absolute emissions from the domestic harbour craft fleet from 2021 levels by 15%, through the adoption of lower-carbon energy solutions such as blended biofuels, LNG, diesel-electric hybrid propulsion, and full-electric propulsion. By 2050, MPA aims for the harbour craft fleet to halve 2030-level emissions by transitioning to full-electric propulsion and net zero fuels.<\/p><p>In FY2022, Integrated Engineering division business unit Sea Forrest Power Solutions Pte Ltd joined The Coastal Sustainability Alliance. The Alliance seeks to decarbonise Singapore\u2019s coastal delivery eco-system and will lead Singapore to transition the country\u2019s current 1,600 harbour craft, used to deliver supplies from shore to ships calling at Singapore, onto running on more environmental-friendly fuel and be more efficient as they are gradually phased out and replaced.<\/p><p>With prior history in delivering the first diesel electric hybrid fast launch in Singapore, the Integration Engineering Unit sees value in their expertise in electrification and hybridisation for the local and regional markets. We will continue to invest in R&amp;D to build up our technical competencies. We are working with various key partners to seize upcoming opportunities and to support the decarbonization initiatives in Singapore and regional countries.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5898182 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5898182\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ebf5247\" data-id=\"ebf5247\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fe5f7d4 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"fe5f7d4\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2275158 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2275158\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1bcbdb1\" data-id=\"1bcbdb1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1e59f0a elementor-widget elementor-widget-heading\" data-id=\"1e59f0a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Revitalisation on Development and Expansion\u200b<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9e2a8ed elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9e2a8ed\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4435ba0\" data-id=\"4435ba0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-50cb521 elementor-widget elementor-widget-text-editor\" data-id=\"50cb521\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>For the Infrared and Thermal Sensing Technology unit, the abrupt cessation of resources due to the US-China trade war delayed the expected launch of the new Micro and Mini owing to lengthier product redesign and stabilization. OMS is restructuring their US sales channels towards direct marketing to end users and OEM from its marketing office in Fort Lauderdale in Florida. The management is also actively engaging Middle East and European markets and strategically trimming inventory to drive down costs.<\/p><p>The Cyber Security Unit sees increased successful delivery and implementation of its unique cyber technologies. With its credentials and track record built up over the years, the Business Unit will continue to deliver disruptive cyber technologies and solutions to protect clients\u2019 critical Information\/Operation networks against advanced and persistent threats. The team is reaching out to regional and global markets, as well as bringing its experience to maritime industries.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-965af90 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"965af90\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2cd4df6\" data-id=\"2cd4df6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-66ebf47 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"66ebf47\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2d0bc28 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2d0bc28\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1055ef2\" data-id=\"1055ef2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ec0e70a elementor-widget elementor-widget-heading\" data-id=\"ec0e70a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Environmental \u2013 Electrification \u2013 Digitalisation<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-62b86b7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"62b86b7\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-cd2315c\" data-id=\"cd2315c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2cd0a34 elementor-widget elementor-widget-text-editor\" data-id=\"2cd0a34\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The Group will continue our transformation roadmap with focus on initiatives related to the themes of <em>Environmental \u2013 Electrification \u2013 Digitalisation<\/em>. This represents our commitment in forging ahead towards <em>\u201cBuilding a Sustainable Future\u201d<\/em> for both the Group\u2019s operations as well as the environment at large.<\/p><p>In the heart of our success lies the collective effort and dedication of our team. As we celebrate our achievements, it\u2019s imperative to acknowledge the indispensable role of teamwork in our journey &#8211; the collaboration, cooperation and a shared vision.<\/p><p>Looking ahead, we remain committed to driving innovation, fostering sustainability, and delivering value to all our stakeholders. With a resilient spirit and a united workforce, I am confident that we will continue to chart a course toward a sustainable and prosperous future.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BHGlobal Sustainability - Chairman Statement<\/title>\n<meta name=\"description\" content=\"Read the BHGlobal chairman&#039;s sustainability statement to understand the company&#039;s dedication to responsible business, environmental stewardship, and social accountability.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bhglobal.com.sg\/sustainability-chairman-statement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BHGlobal Sustainability - 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