NSL : Sustainability Report

NSL LTD

Sustainability Report 2018

Contents

01	02
Board	About
Statement	NSL Group

04	06
Sustainability	Protecting the
at NSL	Environment

13	20
Caring for	Market
Our People	Responsibility

24	25
GRI Content	List of
Index	Memberships,
	External Initiatives
	and Charters

About this report

Reporting Scope and Period

Following our inaugural Sustainability Report published by NSL Ltd in 2018, this report covers the sustainability performance and targets relating to our activities within the financial year ended

31 December 2018.

Although NSL Ltd encompasses a range of businesses across Asia, the Middle East and Europe, this report includes data and information pertaining to our environmental services, chemicals and marina businesses in Singapore and our precast business in Singapore and Malaysia.

These form our core businesses and therefore the majority of our impacts. We will consider extending the number of geographic locations and indicators to be tracked and disclosed in future reporting.

Reporting Standard and Assurance

This report has been prepared with reference to the Global Reporting Initiative ("GRI") Standards.

We have not obtained any independent assurance of the information being reported, but will continue to work on enhancing our reporting processes and the robustness and completeness of our disclosures moving forward.

Feedback

This report is made available in soft copy on our website at www.nsl.com.sg.

We welcome any questions or feedback on this report. Please email to [e-mail] should you wish to contact us.

Board Statement

Sustainability Report 2018

NSL Ltd is pleased to issue its second sustainability report in line with the Singapore Exchange (SGX) guidelines on Sustainability Reporting.

This second report is an opportunity to track the progress made across our material areas in the past year, building on last year's inaugural report. The report will highlight the steps we have taken to further the sustainability agenda, as well as outline our aims for the coming years. Given the nature of our businesses and customer base, the Board is committed to ensuring sustainability standards are upheld and remain a key part of our business strategy.

In addition to offering a wide range of green products to our customers, we have worked closely with our internal and external stakeholders throughout the year to manage our environmental impacts and compliance, and build on our commitment to human capital development and making NSL a safe and rewarding place to work.

Given the nature of our businesses and customer base, the Board is committed to ensuring sustainability standards are upheld and remain a key part of our business strategy.

The Board continues to oversee the management and governance of sustainability at NSL and has been involved in the prioritisation of material factors across our three pillars; environmental care, human capital development and market responsibility.

The Board would like to thank the management and employees for their support in developing and delivering our sustainable products and practices, and for their help in the preparation of this report.

01

NSL LTD

About NSL Group

The Group has

operations and joint

ventures in eight

countries and has been listed on the Singapore Exchange since 1964.

NSL and its group of companies is a leading industrial group in Asia Pacific. The Group's core businesses are Precast & Prefabricated Bathroom Unit (PBU) and Environmental Services.

The Precast & PBU division is a market leader in manufacturing precast concrete components in Singapore, Malaysia and Dubai while the PBU business is a dominant producer in Scandinavia.

The Environmental Services division is a key player in integrated environmental services in Singapore, covering the treatment and logistics services of oily and toxic waste for both land and marine sectors. It is also a major distributor of Automotive Diesel Oil, Marine Gas Oil and lubricant in Singapore, leveraging on its automated fuel dispensing technology.

In addition, NSL Group has a majority shareholding in Raffles Marina Ltd, Asia's Premier Marina Club in Tuas, Singapore, and an associate company in Germany, Salzgitter Maschinenbau AG, which is a worldwide market leader in the manufacturing of cutting equipment, process technology

and special purpose machines.

NSL Group has an active Research and Development programme that leverages on technology to develop innovative products and process improvements for productivity.

It also partners local government agencies and tertiary institutions to develop new and sustainable solutions for industrial applications.

The Group has operations and joint ventures in eight countries and has been listed on the Singapore Exchange since 1964.

02

Sustainability Report 2018

Our Core Businesses

Precast Concrete and	Environmental Services
Prefabricated Bathroom Units

Activities: We design, supply and deliver precast concrete components and PBU.

In 2018, we consolidated our South East Asian operations to Malaysia, and increased our production volume in Malaysia.

Products and brands: We manufacture precast products such as customised hollow-core slabs, reinforced concrete columns, beams, walls and other infrastructure concrete components. Under the PARMA brand, we manufacture PBUs and fire doors.

Location of operations: Singapore, Malaysia, Dubai and Finland

Markets served: Worldwide

Sectors and customers served: Construction and real estate companies

Supply chain: Key product ingredients include steel, cement, aggregate and sand.

Activities and services: We specialise in both oil and chemical waste management and the distribution and supply of diesel, fuel oil, marine gas oil, lubricants and fuel management technology.

In early 2019, we completed construction of our new wastewater treatment facility, adding to our environmental service capabilities serving the Singapore marine and industrial sectors.

Location of operations: Singapore

Markets served: Asia Pacific

Sectors and customers served: Marine, industrial, manufacturing and transportation & logistics

Supply chain: The main types of waste that we treat include oil slop, used oil and chemical wastes. Our diesel, fuel oil, marine gas oil and lubricating oils are procured from reputed and responsible suppliers.

Other Businesses

Refractories and

Steel Slag Aggregate

Activities: Production of monolithic refractories and steel slag aggregate, and trading of chemicals.

Products and brands: Our refractory products are marked under the ET brand.

Location of operations: Singapore, Malaysia and Indonesia

Markets served: South-EastAsia

Sectors and customers served: Steel industry, cement kilns, aluminium industry, incineration plants and petrochemical industries

Supply chain: Our key supply for road construction is graded steel slag.

Raffles Marina

Activities and services: At our facility, we offer marina services including berthing facilities, and other club amenities such as food and beverage, entertainment and guest rooms.

Location of operations: Singapore

Markets served: Singapore

Sectors served: Marine and hospitality

Customers: Members and their guests, and public

Supply chain: General product and food supplies

03