Climate Change Data

AGBA Group Holding Limited

Climate Impact & Sustainability Data (2023-01 to 2023-09, Q2 2023)

Reporting Period: 2023-01 to 2023-09

Environmental Metrics

ESG Focus Areas

  • Social Responsibility
  • Environmental Protection
  • Inclusive Society
  • Employee Well-being
  • Sustainability

Environmental Achievements

  • Participation in WWF and foodpanda's closed-loop reusable food packaging program, ECF: Choose to Reuse.
  • Clothes donation drive by employees.

Social Achievements

  • Over 1,000 volunteering hours contributed to the community in 2020.
  • Dress Pink Day 2023 in support of the Hong Kong Cancer Fund.
  • Zentangle workshop for employee well-being.
  • AGBA Internal Team Building initiatives (Workshop for Consultancy Leaders, CUC Bowling Tournament 2023, Lantern Workshop, 2023 Taiwan Convention).

Governance Achievements

  • Award for Excellence in Training and Development 2023 (Special Award) from HKMA.
  • Excellence of Culture Change award from The Hong Kong Management Association.
  • Consistent investor engagement through weekly FAQs, investor conferences, and roadshows.

Climate Goals & Targets

Long-term Goals:
  • Make strategic investments/acquisitions in FinTech and distribution.
Medium-term Goals:
  • Further integrate Wealth and Health businesses.
  • Expand into Greater Bay Area and Southeast Asia.
Short-term Goals:
  • Capitalize on Hong Kong rebound during the remainder of 2023 and into 2024.
  • Achieve profitability by 2024.

Environmental Challenges

  • Persistent macroeconomic challenges in China, impacting imports, exports, trade, travel, and tourism in Hong Kong.
  • Weaker global demand affecting Hong Kong's economic growth.
Mitigation Strategies
  • Increasing integration with and support from China (e.g., leveraging the HKSAR Capital Investment Entrant Scheme).
  • Successful launch of new products and supporting tools (OnePlatform, OnePortal).
  • Strategic collaborations (e.g., with Zurich HK Life Insurance, HSBC Life).
  • Capital raising initiatives (USD 6.2 million).

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

  • Award for Excellence in Training and Development 2023 (Special Award) from HKMA
  • Excellence of Culture Change award from The Hong Kong Management Association

Reporting Period: Q2 2023

Environmental Metrics

ESG Focus Areas

  • Environmental
  • Social
  • Governance
  • Corporate Social Responsibility

Environmental Achievements

  • Participation in WWF Flag Day, World Health Day, Gift Pack Donation, Earth Hour

Social Achievements

  • Received Happy Company award for the fourth consecutive year
  • Community engagement through various CSR activities

Governance Achievements

  • Ongoing comprehensive disclosures and investor engagement

Climate Goals & Targets

Long-term Goals:
  • Make strategic investments / acquisitions in FinTech and distribution
Medium-term Goals:
  • Expand further into Greater Bay Area and S.E. Asia
Short-term Goals:
  • Continue to participate in Hong Kong rebound, especially during 2H 2023 and beyond
  • Continue implementing cost saving initiatives
  • Further integrate our Wealth and Health businesses

Environmental Challenges

  • Hong Kong's post-COVID recovery slowdown impacted by global slowdown and PRC faltering recovery
  • Weak external demand driving down Hong Kong exports
Mitigation Strategies
  • Cost saving initiatives
  • Continued engagement with investors and provision of information materials

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

  • Happy Company award (4 consecutive years)