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TEHO International Inc. Ltd. (“TEHO”) was founded in 1986 and has since evolved from a local company into a global solutions provider for the marine, offshore oil & gas, construction, and real estate sectors. It went public on the Singapore Exchange in 2009 and now has subsidiaries across Singapore, the USA, Europe, China, and Korea, as well as TEHO Water & Envirotec, TEHO Development, and TEHO Property Consultants.
TEHO’s commitment to “Integrity in Business towards All” is seen in its mission to build a reputation as a key, reliable supplier across various sectors and locations, driven by values of cooperation, respect, excellence, and continuous development. These shaped the company’s focus and enabled it to embed Environmental, Social, and Governance (ESG) principles and ESG reporting, which is growing in demand for companies worldwide, into its operations.
The Sustainability Reporting Journey of TEHO
TEHO launched its ESG journey with the publication of its first sustainability report for FY2018, providing stakeholders with insights into the company’s efforts to align its operations with sustainable growth and industry standards. The company complies with the Singapore Exchange (SGX-ST) reporting framework, as well as Global Reporting Initiative (GRI) standards for its strong international guidelines on sharing ESG and economic performance.
TEHO International’s representative admits that they initially struggled to know where to start with ESG reporting, which is how they came to rely on an ESG consultant in 2018. TEHO later realised that the consultancy firm, though helpful initially, could no longer keep up with the evolving ESG reporting requirements for FY2023. While ESG platforms offer advanced and sophisticated features, they can also be overly complex and difficult to navigate, which is an added burden overall.
In Search of a Reliable ESG Reporting Platform
When the previous ESG consultant failed to follow through for its FY2023 report, TEHO found itself scrambling to find a suitable replacement that could better support its sustainability efforts and comply with reporting standards. “We actually didn’t have high hopes of getting a vendor to come in on time to help us.” This was expressed by the company’s representative, planning to rely on Excel sheets as a backup for that year while they continued to source a new vendor for 2024. They were, however, aware of how crucial and tedious this would be, arranging the data and guaranteeing an accurate audit trail.
In July, TEHO was fortunately persistent enough in its search that it brought them to Presgo (formerly Convene ESG), a platform that quickly filled the gap. The company remarked how Presgo was determined to help the company achieve its timeline when it thought it couldn’t. Its dependable support guided the company to meet its reporting deadline in 2023 and created a more efficient ESG reporting process for the future. “One thing that we really appreciate is the turnaround time — from onboarding us back in July [to] now, the end of September, we already got a report ready.”
TEHO’s Reporting Journey Made Easy with Presgo
Presgo helped TEHO by providing a platform that makes sure of the integrity and auditability of ESG data for compliance. The company was impressed with the platform’s efficiency and ease of use, qualities missing in TEHO’s previous system. Despite the tight deadline, Presgo allowed TEHO to be able to collect their data and help them comply with SGX’s ESG requirements.
Moreover, the ESG reporting platform’s competitive pricing helped TEHO manage costs effectively without sacrificing quality or support. Presgo has guided them throughout the reporting process by providing staff training, ongoing support, and close collaboration, even on such short notice. TEHO quickly adapted to the new system to accomplish the FY2023 report in about two months.
Why TEHO Recommends Presgo
TEHO’s representative advised that when choosing an ESG platform, it is crucial to consider the user-friendliness and pricing — qualities that TEHO found in Presgo after reviewing several options. “The whole process, I will say, was very seamless,” he emphasised while pointing out that Presgo would willingly provide training for anyone who needs it.
It has been game-changing for TEHO to confidently expand its sustainability reporting further to future international subsidiaries. With the ESG platform, TEHO resolved previously experienced issues, advanced its ESG reporting, and set a stronger foundation for future compliance.
Presgo proved to be a reliable partner in helping TEHO navigate its sustainability journey.
Discover how Presgo can enhance your sustainability reporting—get in touch with us today to see how we can streamline your ESG reporting and align with your growth objectives.
