Taking the ESG Initiative and Pushing for Change
Geo Energy Resources Limited
Taking the ESG Initiative and Pushing for Change
Geo Energy Resources Limited
Back to Innovators
Geo Energy is a Mining & Energy group listed on the Mainboard of the SGX and is part of the Singapore FTSE-ST index. From being listed as a relatively small-scale mining services provider, the Group has transformed itself over the years into a low-cost coal producer with high-quality mining assets today. Geo Energy also collaborates with the biggest partners in the industry, such as PT Bukit Makmur Mandiri Utama (“BUMA”), one of the largest mining contractors in Indonesia, and international commodity traders such as Trafigura and Macquarie Bank.
Geo Energy produces low-ash, low-sulphur coal that is not only eco-friendly, but also has a high demand for blending purposes. The coal is needed as a cheap source of energy in many of the developing countries in Asia, while also helps mitigate environmental impact due to its cleaner coal specifications. The Group sells its coal to Indonesia and China (main markets), South Korea, Thailand, India and the Philippines.
This is in line with Geo Energy’s vision in setting the pace to run our business with corporate social responsibility concepts firmly embedded within daily operations to protect the people, the environment and the communities, and the Group’s commitment to sustainable growth and enhancing shareholders value. “We strive to achieve the best possible outcome in everything we do.”
Highlights
- Geo Energy believes in setting the right culture from the first step, by prioritising the safety, health and wellbeing of its workforce and communities. This is the principal reason that the Group has maintained zero cases of corruption and bribery, as well as achieved zero fatalities and work-related injuries.
- To give back to the society and community in the areas the Group mine, Geo Energy has also provided jobs and built schools to give better opportunities to the locals. In addition, the Group is committed to post-mining reclamation as the cornerstone of good environmental management in its industry.
- Provides bursary scholarships for university students through its partnership with Singapore Institute of Technology and has regularly participated in and sponsored the annual Run for Hope organised by the Singapore Cancer Society. In view of the COVID-19 outbreak, the Group also provided medical aids and supplies for preventing the spread of COVID-19 in Indonesia and Singapore.
- Believes in creating a conducive environment for employees to work together, providing them with ample opportunities to grow in their careers, organising activities for their holistic well-being and rewarding them fairly based on their work performance. Working as a team to do what is right, and not what is easy.
Quote
Success is when preparation meets opportunity
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Back to Innovators
Geo Energy is a Mining & Energy group listed on the Mainboard of the SGX and is part of the Singapore FTSE-ST index. From being listed as a relatively small-scale mining services provider, the Group has transformed itself over the years into a low-cost coal producer with high-quality mining assets today. Geo Energy also collaborates with the biggest partners in the industry, such as PT Bukit Makmur Mandiri Utama (“BUMA”), one of the largest mining contractors in Indonesia, and international commodity traders such as Trafigura and Macquarie Bank.
Geo Energy produces low-ash, low-sulphur coal that is not only eco-friendly, but also has a high demand for blending purposes. The coal is needed as a cheap source of energy in many of the developing countries in Asia, while also helps mitigate environmental impact due to its cleaner coal specifications. The Group sells its coal to Indonesia and China (main markets), South Korea, Thailand, India and the Philippines.
This is in line with Geo Energy’s vision in setting the pace to run our business with corporate social responsibility concepts firmly embedded within daily operations to protect the people, the environment and the communities, and the Group’s commitment to sustainable growth and enhancing shareholders value. “We strive to achieve the best possible outcome in everything we do.”
Highlights
- Geo Energy believes in setting the right culture from the first step, by prioritising the safety, health and wellbeing of its workforce and communities. This is the principal reason that the Group has maintained zero cases of corruption and bribery, as well as achieved zero fatalities and work-related injuries.
- To give back to the society and community in the areas the Group mine, Geo Energy has also provided jobs and built schools to give better opportunities to the locals. In addition, the Group is committed to post-mining reclamation as the cornerstone of good environmental management in its industry.
- Provides bursary scholarships for university students through its partnership with Singapore Institute of Technology and has regularly participated in and sponsored the annual Run for Hope organised by the Singapore Cancer Society. In view of the COVID-19 outbreak, the Group also provided medical aids and supplies for preventing the spread of COVID-19 in Indonesia and Singapore.
- Believes in creating a conducive environment for employees to work together, providing them with ample opportunities to grow in their careers, organising activities for their holistic well-being and rewarding them fairly based on their work performance. Working as a team to do what is right, and not what is easy.
Quote
Success is when preparation meets opportunity
