Climate Change Data

Gourmet Master Co. Ltd.

Climate Impact & Sustainability Data (2015, 2020, 2021)

Reporting Period: 2015

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Not disclosed

Environmental Achievements

  • Not disclosed

Social Achievements

  • Launched employee well-being programs, including employee dormitories, subsidized meals, and health checkups.
  • Donated to charities such as the Child Welfare League Foundation and Maria Social Welfare Foundation.

Governance Achievements

  • Received the Best Company award in the Greater China consumer staples industry from IR Magazine.
  • Established a compensation and remuneration committee in 2011 and planned to establish an audit committee in 2016.

Climate Goals & Targets

Long-term Goals:
  • Become a global brand.
Medium-term Goals:
  • Expand into other overseas regions.
  • Attract international talent.
Short-term Goals:
  • Launch new store formats in key markets.
  • Optimize store and backend information systems.
  • Maintain R&D momentum for core products.

Environmental Challenges

  • Fluctuations in raw material costs.
  • Supply chain disruptions
  • Maintaining product quality and standardization across various locations.
Mitigation Strategies
  • Long-term contracts with suppliers to control raw material prices.
  • Development of standardized production processes (SOPs) and internal training programs.
  • Investment in automation equipment.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: IFRS

Certifications: HACCP, ISO 22000

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Best Company award in the Greater China consumer staples industry from IR Magazine (2015)

Reporting Period: 2020

Environmental Metrics

ESG Focus Areas

  • Company Governance
  • Risk Management
  • Product Responsibility
  • Food Safety
  • Supply Chain Management
  • Employee Well-being
  • Sustainability

Social Achievements

  • Maintained a high employee retention rate.
  • Provided various employee welfare measures, including group insurance, health checkups, and training subsidies.
  • Established an employee welfare committee to organize activities and provide benefits.

Governance Achievements

  • Established an audit department directly under the board of directors to implement self-supervision mechanisms.
  • Established a remuneration committee composed of independent directors to determine and review the compensation of directors and managers.
  • Implemented a robust internal control system and ethical conduct training to prevent corruption.

Climate Goals & Targets

Environmental Challenges

  • COVID-19 pandemic impact on the food and beverage industry.
  • Maintaining food safety and quality standards.
  • Managing supply chain risks.
Mitigation Strategies
  • Implemented various cost-saving and efficiency measures to overcome the challenges posed by the pandemic.
  • Established a food safety laboratory and implemented strict testing procedures.
  • Implemented a supplier assessment program to ensure compliance with food safety and social responsibility standards.

Supply Chain Management

Supplier Audits: 15 suppliers audited in 2020 (5% of total suppliers)

Responsible Procurement
  • Selection of suppliers based on quality, delivery time, and compliance with 85ºC's procurement policy.
  • Implementation of ISO 22000 food safety management system.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 22000, HACCP

Third-party Assurance: Kaibo Certified Public Accountants

Reporting Period: 2021

Environmental Metrics

ESG Focus Areas

  • Company Governance
  • Supply Chain Management
  • Customer Health and Safety
  • Sustainable Development Strategy and Risk Management
  • Ethics and Morality
  • Occupational Health and Safety
  • Operational Safety
  • Career Development and Training
  • Employee Diversity and Equality
  • Food Safety
  • Legal Compliance
  • Stakeholder Communication

Social Achievements

  • Established employee welfare committee and provided various welfare measures, including group insurance, health check-ups, and training subsidies.
  • Maintained harmonious labor-management relations with no major disputes.

Governance Achievements

  • Established an audit department directly under the board of directors to implement self-supervision mechanisms.
  • Complied with the "Code of Best Practice on Corporate Governance for Listed Companies" and disclosed it on the company website.

Climate Goals & Targets

Environmental Challenges

  • Ensuring that products do not negatively impact consumer health, given the challenges faced by the food industry.
Mitigation Strategies
  • Continuous investment in food safety, including reducing additives, strengthening supplier management, and implementing food safety management systems.

Supply Chain Management

Supplier Audits: 7 suppliers audited in 2021 (2.3% of total suppliers)

Responsible Procurement
  • Strict selection of suppliers meeting 85ºC's procurement policy, including ISO 22000 certification and ethical considerations.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 22000 (for some central kitchens), ISO 9001 (for testing methods)

Third-party Assurance: Kaibo Certified Public Accountants

Awards & Recognition

  • Best International Brand Award from the Ministry of Economic Affairs (11th time)