Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental protection
• Workplace quality
• Operating practices
• Community involvement
• Corporate governance
• Business integrity
• Employment and labour practices

Environmental Achievements

• Adopted various measures to lower waste and consumption levels in its office and other facilities (e.g., limiting air-conditioning hours, switching off equipment after work, using energy-saving mode for devices, regular cleaning of AC systems, installing sophisticated communication systems to reduce business trips, efficient use of executive vehicles)
• Encouraged reduction in paper, water, and energy usage through recycling and promoting electronic documents
• Procured environmentally friendly office equipment and consumables

Social Achievements

• Provided a fair and respectful workplace for its employees, ensuring compliance with all applicable laws and industry benchmarks
• Established a comprehensive system of remuneration, incentive, and performance management
• Participated in the Mandatory Provident Fund Scheme
• Aimed to nurture a discrimination-free culture
• Provided on-the-job education and training to enhance employee knowledge and skills
• Adopted a policy of internal promotion before external hiring
• Strictly complied with all laws and regulations against child labour and forced labour
• Established procurement policy to maintain high ethical standards for supplier selection
• Implemented a whistle-blowing system for reporting improprieties
• Donated HK$68,000 to Po Leung Kuk, sponsored HK$24,000 to the Society for the Relief of Disabled Children, and sponsored HK$20,000 to Hong Kong Blind Sports Federation

Governance Achievements

• Strictly adhered to laws and regulations concerning governance and implemented codes of conduct beneficial to corporate governance
• Details of corporate governance aspects disclosed in the Corporate Governance Report

Climate Goals & Targets

Environmental Challenges

• Indirect greenhouse gas emissions from electricity consumption, air travel, and executive vehicles

Mitigation Strategies

• Promoted energy efficiency and emission reduction in all operation processes
• Adopted various measures to lower waste and consumption levels (as detailed in Key Achievements)

Supply Chain Management

Supplier Audits: Annual review of key suppliers

Responsible Procurement

• Careful selection of suppliers and continuous measurement to maintain high ethical standards

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Appendix 20 (ESG Guidelines) of the Rules Governing the Listing of Securities of the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited

Environmental Metrics

ESG Focus Areas

• Environmental, Social, and Governance (ESG) reporting

Environmental Achievements

• Aims to protect the environment by minimizing environmental adverse impacts in daily operations, such as energy saving and recycling of office resources.

Social Achievements

• Recognises employees as its valuable assets and strictly complies with the labour laws and regulations in Hong Kong and reviews regularly the existing staff benefits for improvement. Offers employee benefits such as medical reimbursement, annual dinner, sports activities, etc.

Governance Achievements

• Complied with all the code provisions as set out in the Corporate Governance Code (CG Code) contained in Appendix 15 to the GEM Listing Rules except the deviation from the code provisions A.2.1.
• Established an Audit Committee, Remuneration Committee, and Nomination Committee.

Climate Goals & Targets

Environmental Challenges

• The outbreak of COVID-19 caused disruptions to economic and social activities, affecting business operations and creating uncertainty.
• Keen market competition, increasing number of money lenders, and intensive price wars in the financing services industry.
• Loss of key personnel could adversely affect the Group’s operation and financial position.
• Failure to engage suitable independent professionals for projects could adversely affect financial results.

Mitigation Strategies

• Introduced measures to create a safe working environment and prevent the spread of COVID-19.
• Maintained core competitiveness, promoted new business segments, and improved risk resistance.
• Cautiously sought merger and acquisition opportunities and business collaborations.
• Adopted a prudent and cautious approach to handle financing services business.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• Best in ESG, Best in Reporting and ESG Report of the Year in Hong Kong awards at the BDO ESG awards 2019
• Silver Prize Award in Asia’s Best Sustainability Report (SME) at the Asia Sustainability Reporting Awards (ASRA) 2019 in Singapore

Environmental Metrics

ESG Focus Areas

• Environmental Responsibility
• Employee Care
• Operating Practices
• Community Investment

Environmental Achievements

• Reduced Scope 1 and Scope 2 GHG emissions by approximately 35% year-on-year.
• Reduced total waste disposal by approximately 48% year-on-year.
• Reduced total energy consumption by approximately 35% year-on-year.
• Signed Glass Container Recycling Charter and upgraded Wastewise Certificate to EXCELLENT Level.
• Set Science Based Target (SBT) to reduce 50% Scope 1 and Scope 2 GHG emissions by 2030

Social Achievements

• Proportion of female Directors at 40%.
• Zero material service complaints for four consecutive years.
• Served over 688 listed companies.
• Total training hours for employees reached approximately 422.
• Provided approximately 6.6 hours of training per employee.
• Recognized as an Equal Opportunity Employer for Gender Equality and Family Status Equality by the Equal Opportunities Commission.
• Partnered with NGOs to co-organize volunteering activities.

Governance Achievements

• Established a Sustainability Taskforce.
• First listed consultancy firm in Hong Kong to voluntarily set a science-based decarbonization target aligned with 1.5ºC of warming.
• Target validated and approved by the Science Based Targets initiative (SBTi).
• Engaged a third party to conduct an independent assurance for its GHG emissions.

Climate Goals & Targets

Environmental Challenges

• Increased demand from governments and regulators on more comprehensive climate-related disclosures.
• Shareholders, customers, suppliers, or the general public expecting enterprises to meet or exceed current environmental protection policies.
• Potential physical risks from extreme rainfall and tropical cyclones.
• Potential transition risks from policy and legal changes and reputation risks.

Mitigation Strategies

• Ensure ESG information is disclosed in accordance with the latest requirements and reporting guidelines.
• Develop processes and workflows to collect data and assign responsibilities.
• Pay more attention to relevant policies of climate change and formulate corporate decarbonization strategies.
• Provide multiple channels for stakeholders to communicate with the Group to address relevant concerns.
• Implement business continuity plans and extreme weather response plans.
• Develop adaptation measures to support remote working during extreme weather events.
• Communicate information related to extreme weather events and corresponding safety measures to employees.

Supply Chain Management

Supplier Audits: 88 suppliers met the Group’s standards in the Sustainable Procurement Policy.

Responsible Procurement

• Sustainable Procurement Policy prioritizing suppliers with good labor practices, human rights safeguards, and environmental considerations.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme rainfall
• Tropical cyclones

Transition Risks

• Policy and legal risk
• Reputation risk

Opportunities

• Exploring green finance initiatives and participating in the carbon trading marketplace.

Reporting Standards

Frameworks Used: GRI Standards

Certifications: Wastewise Certificate (Excellent)

Third-party Assurance: BDO Risk Advisory Services Limited

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• BDO ESG Awards 2022 (Best in ESG Award (GEM) and Best in Reporting Award (GEM))
• Good Employer Charter 2020
• Equal Opportunity Employer for Gender Equality and Family Status Equality
• TVB ESG Special Recognition Award 2023
• Asia Sustainability Reporting Awards 2023 (Bronze Prize Award)