At Jason Marine, we believe that good governance is the key to a sustainable business. Our policies - underpinned by our values: “Character, Competence, Commitment” - provide the framework for managing economic, environmental, social and governance (ESG) issues.
Managing environmental and social issues is part of our business model. Providing products and services that meet the requirements of customers and regulatory bodies requires stringent adherence to environmental and safety standards. Attention to social issues such as good labour practices and employee development helps to ensure excellent delivery of our products and solutions. We value relationships with our clients and the wider community, and the strong ties forged helps us tide over difficult times. We believe that in the long term, these efforts will be reflected in our economic performance.
Mr Foo Chew Tuck, our Executive Chairman, has been instrumental in leading Jason Marine in our sustainability journey. He works closely with the heads of business units including finance, human resources, health and safety, and procurement, who together make up the working team managing sustainability on a day-to-day basis.
Contributing to the Sustainable Development Goals
Jason Marine supports the United Nations’ Sustainable Development Goals (SDGs). In 2019, we identified 8 SDGs which we can most meaningfully contribute to, based on all our material issues. The 8 SDGs are mapped to our material issues as shown:
Jason Marine’s Material Issues in its Value Chain
Business Ethics, Compliance and Anti-corruption
A responsible business upholds ethics, compliance and anti-corruption throughout the entire value chain.
Economic Performance & Productivity
It is vital that our economic performance remains healthy, in order to distribute value to our stakeholders for the long term. Besides generating revenue from our sales and services, saving costs throughout the value chain is also essential.
Occupational Health & Safety
The health and safety of our workers is most pertinent at the sales and servicing stage.
People Development, Labour Relations and Standards
Our workers at every stage of our value chain should be given development opportunities and labour rights. We abide by labour regulations such as those prescribed by Ministry of Manpower.
Product responsibility applies throughout the value chain. Procured equipment and used products should not be produced or disposed of at the expense of the natural environment or the society. At the sales and servicing stage, we ensure that key product responsibility issues such as radiation are addressed.
We indirectly impact our suppliers and their communities through our procurement practices.
We directly impact the maritime community whom we provide products and services for. We also indirectly impact the societies where we implement community engagements, and the areas where our products are disposed.
Diversity and Inclusion
A diverse and inclusive working environment at every stage of the value chain is important for employee satisfaction and productivity. We are a signatory of the Tripartite Alliance for Fair and Progressive Employment Practices.
Managing environmental and social issues is part of our business model. Providing products and services that meet the requirements of customers and regulatory bodies requires stringent adherence to environmental and safety standards. Attention to social issues such as good labour practices and employee development helps to ensure excellent delivery of our products and solutions. We value relationships with our clients and the wider community, and the strong ties forged help us tide over difficult times. We believe that in the long term, these efforts will be reflected in our economic performance.
Responsible Business & Operational Risk Management
To achieve our vision of being a world class company, having strong business ethics is of vital importance. We value integrity and honesty in our “Character”, one of our core values, and believe that this is the right way to conduct a business. This value is continuously instilled in our employees and is part of the working culture at Jason Marine.
We recognise the importance of risk management as a core part of responsible business management. Our Business Continuity Management (BCM) Committee oversees the management of operational risks and mitigating actions to reduce the risk of business disruptions. Our BCM Policy is part of the Management’s review to ensure continuing suitability or when significant changes occur. We have also implemented management systems including the ISO 9001:2015 (since 2009) for Quality Management and OHSAS 18001:2007 Occupational Health and Safety Management System (since 2014). Our internal audit policies and procedures provide checks and balances for our processes.
Business Ethics, Anti-corruption & Compliance
We take a strong stand against corruptive practices and this value has been communicated during meetings to all our employees, major suppliers and business partners. Any form of corruption is escalated to the Chairman. During our employment process, we look out for possible conflicts of interest. Our code of conduct details Jason Marine’s expectations on employee’s conduct, the consequences of violation of conduct, and grievance procedures. It is made available on our intranet for all our Singapore-based staff. Business ethics is regularly communicated to the regional heads of the different business units regularly.
Compliance with rules and regulations is also a key part of being a responsible business. We keep ourselves up to date with international and local laws. For example, different ports in different countries have varying levels of security and laws regarding cargo, and controlled equipment to embargoed destinations can be a challenge. We take extra care to comply with such regulations, in addition to those on the environment, anti-competitive behavior, and health and safety. Operating in the information communications and technology business means that data privacy and cyber-security are important aspects of business ethics and compliance. Jason Marine safeguards against these risks by implementing policies such as the Personal Data Protection Act Policy, which apply to both internal and external stakeholders. The policy applies to our employment and tender process, for example, where data privacy of applicants is respected. Access to personal data is restricted to authorized persons such as manager or Senior Management on a needs basis.
Continuous Engagement with Our Stakeholders
In FY2017, Jason Marine identified key material issues through a materiality assessment workshop with the Senior Management and representatives from key business units, based on the Global Reporting Initiatives (“GRI”) Standards and AA1000AS five-part materiality test. In FY2019, to better understand the relevance of the previously identified material issues to various stakeholder groups, Jason Marine engaged key external and internal stakeholders on their views of the material issues. Stakeholder groups engaged included customers, bankers, suppliers, employees and Board Directors.
In FY2020, the Senior Management and representatives from key business units came together for a target-setting workshop to review existing targets and set additional targets for all our material issues regardless of their priority level. The new targets, which consist of annual and short-term goals, reflect our commitment to continuously improve our sustainability performance and create value for our stakeholders.
Jason Marine and its subsidiaries is a member of the following associations: