Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Control of carbon emissions in outlet operation through design specifications (natural ventilation, glass rooftops, energy-efficient escalators)
• Reduction of carbon emissions for retailing of swimwear and accessories through better planning in product distribution and consolidation of outbound product delivery
• Efficient use of water through maintenance and management of water supply equipment, monitoring water pressure, and promoting water conservation
• Managing waste treatment through a centralized system for food waste and collection of recyclable materials

Social Achievements

• Maintaining a balanced gender ratio in employment
• Providing a workplace where staff members are respected and complying with applicable laws
• Offering a healthy and safe workplace with strict safety guidelines, regular training, and adequate protective gear
• Providing diversified on-the-job training based on job positions and employee strengths

Governance Achievements

• Implementing anti-corruption policies clearly set out in employee handbooks and freshman-induction programs
• Complying with all relevant laws and regulations relating to health and safety, advertising, labeling, and privacy matters

Climate Goals & Targets

Environmental Challenges

• Lack of public awareness for water conservation
• Food waste from eateries in the outlet mall

Mitigation Strategies

• Promoting water conservation through signage
• Devising a centralized system to channel food waste to grease filtration pools and governmental sewage treatment facilities
• Implementing waste reduction measures
• Centralizing the collection of recyclable materials for reuse

Supply Chain Management

Responsible Procurement

• structured procurement mechanism with screening criteria (technical capability, product quality, cost, track record, crisis response)
• competitive tendering process
• vigilant monitoring and regular performance evaluation
• code of conduct requiring compliance with laws, international covenants, and contractual requirements

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Environmental, Social and Governance Reporting Guide

Sustainable Products & Innovation

• advocating less packaging and more bio-degradable wrapping materials

Environmental Metrics

ESG Focus Areas

• Product and service quality
• Disaster and emergency response
• Occupational safety and health
• Employee training and development
• Employee welfare

Environmental Achievements

• Implemented energy-saving measures at Park Outlets (LED lights, adjusted air conditioner times, etc.)
• Implemented green office initiatives (automatic sensors for lighting, natural light/ventilation, etc.)
• Reduced total GHG emissions from 495.89 tonnes of CO2e in 2018 to 606.18 tonnes of CO2e in 2019 (Note: this shows an increase, not a reduction)

Social Achievements

• Provided various training programs for employees (1,666 hours total, 6.65 hours per employee on average)
• Organized various cultural and recreational activities for employees (sports meetings, contests, lectures, etc.)
• Implemented a performance appraisal system with rewards and promotion opportunities
• Complied with all employment laws and regulations; no major administrative sanctions or penalties received

Governance Achievements

• Formulated comprehensive anti-corruption policies, including anti-fraud management, prevention measures, and whistle-blowing policies
• Established a reporting and investigation system for suspected corruption, bribery, and fraud
• Included anti-bribery clauses in agreements with brand tenants at Park Outlets

Climate Goals & Targets

Environmental Challenges

• Increase in total GHG emissions from 2018 to 2019
• Lack of comprehensive data on non-hazardous waste from all offices

Mitigation Strategies

• Implemented energy conservation plans for Park Outlets and green office initiatives
• Working to improve data collection for non-hazardous waste in future reports

Supply Chain Management

Supplier Audits: 153 suppliers assessed in 2019

Responsible Procurement

• Strict selection criteria for suppliers; procurement process managed by professionals with standardized procedures

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: “Environmental, Social and Governance Reporting Guide” (Appendix 27 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited)

Awards & Recognition

• Outstanding Enterprises in Shen North New District, Shenyang City (2018 & 2019)
• 2018 Outstanding Contribution Award (Arena)

Environmental Metrics

ESG Focus Areas

• Product and service quality
• Customer services
• Management of intellectual properties
• Marketing and advertisements
• Data protection and network security
• Review on suppliers/tenants
• Anti-corruption
• Economic performance
• Business expansion
• Employee Benefits
• Equal opportunities, diversity, anti-discrimination
• Occupational health and safety
• Staff development and training
• Employment compliance
• Exhaust emission
• Waste management
• Carbon emission and energy
• Water resource management
• Risks on climate change
• Green purchasing
• Environmental risks in supply chain
• Community Investment

Environmental Achievements

• Reduced water consumption by 2%
• Reduced energy consumption by 5%

Social Achievements

• Maintained workforce gender ratio at approximately 9 male per 10 female
• Conducted over 1,500 hours of training courses, average of 6.42 hours per employee
• Zero work-related casualty for the last three years

Governance Achievements

• Established a governance framework for sustainable development
• Established the Environmental, Social and Governance Working Group
• Implemented anti-corruption policies and training

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic disruptions
• Energy crisis
• Economic downturn
• Climate change related physical and transition risks

Mitigation Strategies

• Developed guidelines for work arrangements under extreme weather events
• Strengthened inspection and monitoring of various facilities
• Engaged a professional third party for climate-related consultancy
• Regular review of relevant legislation by staff

Supply Chain Management

Responsible Procurement

• Communicate with suppliers and brief them on the Group’s sustainability philosophy and expectations

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather

Transition Risks

• Policies and regulations

Reporting Standards

Frameworks Used: ESG Reporting Guide (Appendix 27 of the Listing Rules)