The 17 SDG Sustainable Development Goals of the United Nations are humanities plan to build a better world for people and our planet by 2030. As proud UN-member state citizens, the owners and management team of all Choon Heng Group companies, joined the call for action to promote shared prosperity while protecting the environment.
The 2030 Agenda for Sustainable Development, adopted by all United Nations Member States in 2015, provides a shared blueprint for peace and prosperity for companies, people, and the planet, now and into the future.
We aim to co-shape a sustainable future of industries in emerging markets. Being ambitious and having one foot in the future has always been our group mantra for the past 42 years. Today, we aim to provide integrated services and products for a prosperous and healthy world and society of tomorrow.
We recognize that ending inequality of wealth while tackling climate change. must go hand-in-hand with strategies that build economic growth and address a range of social and functional needs including healthy communities, technological innovation, job and business opportunity, and efficient use of energy. At Choon Heng Group companies we build our companies around a commitment to sustainable development goals.
We recognize that ending inequality of wealth while tackling climate change. must go hand-in-hand with strategies that build economic growth and address a range of social and functional needs including healthy communities, technological innovation, job and business opportunity, and efficient use of energy. At Choon Heng Group companies we build our companies around a commitment to sustainable development goals.
The Choon Heng Group upholds as our Group Corporate Philosophy that our activities shall be beneficial for all economic parties and society alike. We strive to create a virtuous cycle and contribute to a sustainable business, society and environment. We do not simply pursue corporate profits, but by also responding to the needs industry sectors and society by providing holistic and valuable products and services. This also means contributing to resolving societal issues.
Since 2018, The Choon Heng Group Companies have participated in the UN Global Compact and pursued the 17 Sustainable Development Goals in all aspects of business. Since 2019, we drafted our Basic Policy on Promotion of Sustainability and environmental friendly products and services. At the same time, we also identified 3 material sustainability focus areas for our future business areas, which also serve to address the UN Sustainable Development Goals (SDGs) and the Paris Agreement. Our goal is to be an industry leader in realizing a carbon-free society. We also outlined enhancing contribution and engagement with the SDGs as one of the basic policies of our new medium-term management plan that spans across our wide range of business sectors e.g. property management, to our ESG investments, and trade of specific environmental friendly goods and services.
We identified that greatest need and opportunity for transformation to sustainable and environmental friendly products and business practices is to be found in developing and emerging markets. Hence, our long-term business plan outlines major investments in Frontier markets of South-East-Asia, especially Vietnam, Cambodia, and others.
We identified that one of the greatest needs and opportunities for sustainable and environmental friendly products is to be found in the mobility, transport, and new energy sector. Hence, our long-term business plan outlines major investments in green & clean vehicle and transport-related business, including green fleet import and distribution, and electric vehicle battery solutions.
We further identified that industry access to capital enables long-term sustainable growth in emerging markets and enables companies to make environmental choices more easily, e.g. to upgrade to environmental friendly technology and expand their business with micro-loans. Hence, our long-term business plan outlines major investments in Financial Services and Products for many industry sectors, including Corporate Credit Products, Fleet Leasing, Asset and Equipment Financing, and Consumer Financing.
Additionally, we promote regular dialogue with internal and external stakeholders through initiatives that include holding participating in Industry Associations, Supply Chain Forums, and dialogue with stakeholders like the World Bank Mobility Group. This information exchange helps us ascertain the expectations and demands of society on Choon Heng Group, and we reflect that information in our sustainability activities.
Choon Heng Group Corporation will continue to value feedback from employees and society, and respond to the trust received from and expectations of our stakeholders. With our business activities, we will continue to positively contribute of social and environmental issues while pursuing sustainable growth.
We recognize that ending inequality of wealth while tackling climate change. must go hand-in-hand with strategies that build economic growth and address a range of social and functional needs including healthy communities, technological innovation, job and business opportunity, and efficient use of energy. At Choon Heng Group companies we build our companies around a commitment to sustainable development goals.
Xexanh Co, a subdivision of Shelev Vietnam, a leading supplier of the only EPA certified truck in Vietnam
Shelev Vietnam is a leading supplier of Navistar Prostar+ trucks – the only trucks available in Vietnam with the latest EPA certification. The Prostar is the most fuel-efficient Class 8 truck in North America and equals in efficiency the EURO-6 emission standard. In 2010, the new ProStar+ with its emission and fuel-economy refinements (including 700 pounds of weight reduction) was imported to Vietnam. The revised ProStar ES features further exterior aerodynamic enhancements and further fuel economy gains through advanced engine and transmission controls. All of Shelev’s Prostar+ trucks are offered with Exhaust Gas Recirculation (EGR) – replacing some of the intake air (containing 80% nitrogen) with recycled exhaust gas – reducing the amount of nitrogen available to be oxidised to NOx during combustion and decreasing emissions significantly.
Ephraim Trucks Singapore a leading distributor of European EURO6 Trucks
The European Union has ordered the truck industry to reduce CO2 emissions from trucks by 15% by 2025 and by 30% by 2030 compared to the values in 2019. A big challenge. In line with these goals, our vehicle dealerships in Singapore distribute at our showrooms only the leading brands of European Truck brands, and exclusively EURO 6 vehicles. The Euro 6 standard imposes a further, significant reduction in NOx emissions from diesel engines (a 67% reduction compared to Euro 5) and establishes similar standards for petrol and diesel. The Euro 6 standard imposes a further, significant reduction in NOx emissions from diesel engines (a 67% reduction compared to Euro 5). The Society of Motor Manufacturers and Traders (SMMT) has previously stated the emissions of 50 modern cars are equivalent to one vehicle of the 1970s.
Shifting to climate-friendly and sustainable taxi and bus services
Shelev's Taxi Division is recognise the role we plays in accelerating climate action. This includes employing together with our regional partners decarbonisation strategies such as fleet electrification and low-carbon emission vehicles in our taxi business, adopting renewables and increasing eco-efficiency. Against the backdrop of maturing battery technologies and supporting infrastructure for Electric Vehicles (EVs), Shelev has significantly grown its fleet of low-emission and electric cars and taxis. With every EV we add to our taxi fleet, it produces 50% less Greenhouse Gas (GHG) emissions compared to its Internal Combustion Engine (ICE) counterpart in its lifetime.