The report highlights SIAEC's economic, environmental, social and governance (EESG) initiatives and performance for the financial year 1 April 2021 to 31 March 2022 (FY2021/22). The report is published on an annual basis on the company's website, with the last report published in August 2021. The report includes a materiality assessment, materiality matrix and a list of material items that are reviewed annually, taking into consideration inputs from external sources obtained through regular engagement with stakeholders. It provides details on SIAEC's comprehensive suite of MRO services and the company's commitment to a net zero emissions by 2050, the establishment of Lean Academy, successful trial of blended sustainable aviation fuel (SAF) for engine tests and the acquisition of 75% stake in SR Technics Malaysia Sdn Bhd. The report also highlights SIAEC's commitment to ensuring a strong and positive safety culture in Singapore, the establishment of a new Aircraft Engine Services (AES) facility in Singapore to provide engine maintenance services for CFM LEAP-1A and -1B engines, and the collaboration with North American Aerospace Industries (NAAI) to provide sustainable, end-to-end aircraft recycling solutions.
