Climate Change Data

Environmental Metrics

ESG Focus Areas

• Quality Education
• Responsible Consumption and Production
• Zero Hunger

Environmental Achievements

• Replaced takeaway plastic bags with new products with TDPA™ and P-Life® additives
• Replaced polystyrene and polypropylene (PP) takeaway bowls with new products containing TDPA™
• Installed approximately over 640 LED lights in restaurants
• Replaced 43 lights in the central kitchen car park with LED lights
• Merged two central kitchens into one, streamlining food processing and facility management
• 100% waste oil recycled
• Eliminated plastic straws from all restaurants

Social Achievements

• Established Employees’ Children Scholarship, benefiting over 52 employees with HK$1.5 million
• Donated SIM cards to SEN children for remote learning
• Donated 60,000 bowls of mixian to people in need through St. James’ Settlement
• Donated HK$41,000 and HK$230,000 to the Heep Hong Society
• Donated HK$500,000 mixian coupons to workers in affected industries
• Donated HK$100,000 mixian coupons and HK$200,000 SIM cards to low-income families with SEN children
• Sponsored Life Mart, Hong Kong Creative PR Competition, and Hong Kong Youth Science and Technology Innovation Competition
• Invited mothers and children from families in crisis to enjoy free meals

Governance Achievements

• Established a “Top-down” management mechanism for ESG
• Established an ESG Committee to develop and supervise sustainability strategies
• Implemented Anti-Bribery and Corruption Policy and Code of Ethics
• Built efficient occupational health and safety (OHS) systems
• Set up operational Business Continuity and Disaster Recovery Plan (BC&DR Plan)

Climate Goals & Targets

Environmental Challenges

• Pandemic impact
• Reducing environmental impact of operations

Mitigation Strategies

• Implemented BC&DR Plan
• Invested in innovative packaging solutions (biodegradable materials)
• Installed LED lighting
• Merged central kitchens
• Implemented Typhoons and Rainstorm Warning Guideline

Supply Chain Management

Supplier Audits: 160 suppliers in Hong Kong; Tailor-made Receiving Checks, Product Testing Plan and Continual Site Qualification Audit for high-risk suppliers

Responsible Procurement

• Corporate Procurement Policies and Procedures

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: SDG Compass, UN SDGs

Certifications: ISO22000:2005 (Food Safety Management System), HACCP (Hazard Analysis Critical Control Point Management System)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 4 (Quality Education)
• SDG 12 (Responsible Consumption and Production)
• SDG 2 (Zero Hunger)

The company's initiatives support these goals through scholarships, sustainable packaging, and food donations.

Sustainable Products & Innovation

• Biodegradable packaging materials
• New plastic packaging bags with TDPA™ and P-Life® additives
• New bowls with TDPA™ additives
• Paper straws
• Innovative snack plate design

Awards & Recognition

• Hong Kong Star Brand Award – Enterprise Award
• Hong Kong Top Service Brand
• Manpower Developer Award
• Smiling Enterprise 5+ Award
• Best of Show — Campaign (MARKies Awards 2021)
• Five gold awards, two silver awards and one bronze award (MARKies Awards 2021)
• Happy Company
• Caring Company

Environmental Metrics

ESG Focus Areas

• Nourishing Communities
• Uplifting People
• Preserving Nature

Environmental Achievements

• Reduced food waste disposal by 23%
• Decreased diesel energy consumption by 12%
• Launched a pilot food waste collection scheme
• More than 180 restaurants participated in Earth Hour 2023

Social Achievements

• Organised the first “Sustainability Week”
• Controlled <2% total staff accident rate
• Delivered 19,107 training hours to staff
• Collaborated with 888 suppliers
• Developed 13 ethical sourcing principles

Governance Achievements

• Established the first Supplier Code of Conduct Document
• No legal cases were concluded against the Group or its employees regarding corrupt practices in FY2023
• No incidents related to personal data leakage in the Group, and no complaints on privacy matters were received in FY2023

Climate Goals & Targets

Environmental Challenges

• Increase frequency of extreme weather events
• Shift in precipitation and weather patterns
• Increase in mean temperature and prolonged heatwaves
• Release of higher standard environmental laws and regulations
• Regulations on waste charging scheme and disposable plasticware

Mitigation Strategies

• Consider climate-related risks during store selection process
• Develop a transition plan to a low-carbon model
• Replace plastic packaging with sustainable materials
• Increase sustainable and green food options
• Apply energy and water-saving equipment
• Adopt food waste recycling practices

Supply Chain Management

Supplier Audits: 67 onsite audits in FY2023

Responsible Procurement

• Supplier Code of Conduct
• Green Procurement Principles

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Shift in precipitation
• Increase in mean temperature

Transition Risks

• Higher standard environmental laws and regulations
• Regulations on waste charging scheme and disposable plasticware

Opportunities

• Green operations, sustainable sourcing and food menu innovation

Reporting Standards

Frameworks Used: TCFD

Certifications: ISO 22000:2018

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 2: Zero Hunger
• Goal 3: Good Health and Well-being
• Goal 4: Quality Education
• Goal 12: Responsible Consumption and Production

Various means throughout the years

Sustainable Products & Innovation

• Plant-based “Go-Green” menu

Awards & Recognition

• Numerous awards listed in the report

Environmental Metrics

ESG Focus Areas

• Climate Change

Environmental Achievements

• Reduced direct (Scope 1) GHG emissions from 531 tonnes CO2e in FY2023 to 493 tonnes CO2e in FY2024
• Reduced intensity of GHG emissions per HK$ million (target: 25% reduction by FY2031)

Social Achievements

• Not disclosed

Governance Achievements

• Established a climate management framework for Hong Kong operations, involving staff at all levels.
• Established an ESG Committee to oversee climate-related initiatives.
• Implemented regular climate-related trainings for staff.

Climate Goals & Targets

Environmental Challenges

• Technical constraints and resource allocation limitations in achieving ambitious targets.
• Increased frequency and severity of extreme weather events impacting operations and supply chains.
• Enhanced emissions reporting obligations requiring additional resources.
• Increased cost of raw materials due to a low-carbon economy.

Mitigation Strategies

• Store locations chosen with a focus on sites that have good infrastructure and are relatively less impacted by extreme weather.
• A rating platform will be established to identify and prioritise suppliers that provide local materials.
• Transitioning to a low-carbon model of operation and business offerings (e.g., replacing plastic packaging, adopting food waste recycling practices).
• Establishing a rating platform for supplier selection and procurement, focusing on sustainable food ingredients.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Diversifying suppliers to decrease reliance on a single source.
• Establishing a rating platform for supplier selection and procurement, focusing on sustainable food ingredients.

Climate-Related Risks & Opportunities

Physical Risks

• Changes in precipitation patterns
• Rising mean temperatures
• Heatwave
• Water stress
• Rising sea levels
• Increased frequency and severity of extreme weather

Transition Risks

• Increased carbon pricing
• Enhanced emissions reporting obligations
• Exposure to litigation
• Increased cost of raw materials
• Shifts in consumer preferences
• Increased stakeholder concern
• Costs of transition to lower emissions technology
• Uncertain market signals
• Unsuccessful investment in new technologies

Opportunities

• Reducing emissions within our operations by enhancing resource efficiency, promoting the adoption of low-carbon practices, and encouraging sustainable lifestyles among our customers.
• Evaluating the viability of renewable energy solutions for our operational sites (e.g., rooftop solar panels).

Reporting Standards

Frameworks Used: TCFD, IFRS S2 Climate-related Disclosures

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed