Listed in June 2008, regional maintenance, repair and overhaul (MRO) solutions provider for the global Offshore, Marine and Oil & Gas sectors, Mencast Holdings Ltd recently unveiled its 865 kiloWatt peak (kWp) facility at 42B Penjuru Road, and 440 kWp facility at 42E Penjuru Road.
The newly installed solar systems not only serves as a green alternative to Mencast’s current source of energy, but it also adds value to the facility. The initiative allows Mencast to do its part for the environment and at the same time, allow it to meet the Corporate Social Responsibility (CSR) best practice objectives outlined in the Singapore Exchange’s (SGX) sustainability reporting guidelines.
Aside from the newly installed solar systems, the list of environmental initiatives that are currently in place at Mencast include eco-friendly sourcing of materials and the use of green processes in its daily operations. Mencast’s efforts did not go unrecognized. In 2013, Mencast was recognized as Channel News Asia’s Luminary of Innovation and was named “Top Company to Work for in Asia” at Asia Corporate Excellence & Sustainability Awards in 2014.
Mr Frank Phuan, Director of Sunseap remarked, “Mencast is taking an important step to be one of the pioneer listed companies to take action towards building a more sustainable Singapore. Solar leasing is growing in populararity as one of the go-to measures to reduce carbon emissions and also as a means of diversifying the energy sources in the market. Sunseap strongly believes that Mencast’s initiative will encourage other listed companies to commit their efforts to sustainability measures.”