Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Management
• Social Responsibility
• Governance

Environmental Achievements

• Installed a system to take water from rainwater lakes for golf course maintenance and recycle tailwater back to the lakes.
• Used recycled paper and promoted a paperless office.
• Implemented electronic platform for document approval to reduce paper consumption.

Social Achievements

• Provided staff training based on the actual needs of different positions.
• Established a performance assessment system.
• Arranged employee participation in teambuilding activities.

Governance Achievements

• Established an internal audit department (later replaced by Risk Control Department) to monitor and improve internal control systems.
• Implemented a Purchasing Management System to ensure integrity and prevent bribery.
• Entered into letters of undertaking on integrity with employees in key positions.

Climate Goals & Targets

Environmental Challenges

• High water consumption in golf course operations.
• Significant paper consumption in office operations.
• Managing environmental and social risks associated with suppliers.

Mitigation Strategies

• Implemented water recycling system.
• Promoted paperless office and electronic communication.
• Formulated Purchasing Management System and planned to implement social responsibility undertakings with suppliers.

Supply Chain Management

Responsible Procurement

• Purchasing Management System, price consultation or tendering for bulk supplies, planned social responsibility undertakings with suppliers.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Stock Exchange of Hong Kong Limited’s Environmental, Social and Governance Reporting Guide

Environmental Metrics

ESG Focus Areas

• Environmental Protection
• Labour Standard
• Supply Chain Management
• Service Quality
• Anti-corruption policy
• Protection of Intellectual property rights
• Employment arrangement
• Employee welfare
• Occupational health and safety
• Prevention of child and forced labour
• Customer data privacy and data security
• Community involvement

Environmental Achievements

• Three warehouses awarded Singapore BCA Green Mark Building Award, with Mega Hub achieving Platinum rating in 2017.
• Upgraded golf course sprinkler irrigation system, enhancing water efficiency.
• Implemented energy-saving features in cold chain logistics, such as well-insulated freezer storage and ammonia gas refrigerant.

Social Achievements

• Organized 41 staff activities with over 4,000 participations in Dongguan's Love-Home Service Centre.
• Achieved 98% customer satisfaction rate for golf course operation.
• Provided transportation logistics for Children’s Cancer Foundation’s “Hair for Hope” campaign.

Governance Achievements

• Established an ESG working group to oversee and implement environmental and social initiatives.
• Implemented anti-corruption training for Hong Kong office staff by inviting representatives from the Independent Commission Against Corruption.
• Formulated Conflict Minerals Policy in compliance with OECD Due Diligence Guidance.

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions (implied, not explicitly stated)
• Maintaining high ESG standards across diverse businesses and geographical locations.

Mitigation Strategies

• Close collaboration with suppliers to meet ESG standards.
• Regular communication with suppliers to share best practices.
• Implementation of robust health and safety management systems.
• Regular audits and inspections of facilities and operations.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier policy requiring commitment to sustainable development principles (ethical conduct, health & safety, employment practices, human rights, environmental sustainability).

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: HKEX ESG Reporting Guide

Certifications: ISO 9001:2015, ISO 14001:2015, OHSAS 18001:2007, ISO 22000:2015, HACCP, ISO/PAS 22399:2007, ISO 28000:2007, Halal

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Caring Company logo (Hong Kong Council of Social Service)
• Best Charitable Brand Award (8th Charity Festival 2018)

Environmental Metrics

ESG Focus Areas

• Environmental protection
• Employment and labour practices
• Operating practices
• Community contribution
• Climate change
• Supply chain management
• Data protection & cyber security
• Anti-corruption

Environmental Achievements

• Obtained ISO14001: 2015 Environmental Management System certification
• Three warehouses obtained Singapore BCA Green Mark Building Award
• Replaced solar energy to around 5% of purchase electricity consumption
• Use ammonia gas as refrigerant for larger cold room

Social Achievements

• Established an internal charity group, CWT HOPE, to enhance community investment and social contribution
• Donated S$29,800 to various charitable organizations
• Organized a wide range of employee activities (yoga classes and mental wellness workshops)
• Logistics business obtained OHSAS 18001:2017/ ISO45001:2018 Occupational Health and Safety Management system certification

Governance Achievements

• Established a comprehensive governance structure, including the Board, Executive Committee, Audit Committee, etc.
• Formulated a comprehensive ESG Policy
• Implemented pandemic prevention measures in the workplace

Climate Goals & Targets

Environmental Challenges

• Extraordinarily difficult business and operational environment due to global economic fluctuations and uncertainties
• Impact of Covid-19 on CWT HOPE's work
• Supply chain disruptions (implied)

Mitigation Strategies

• Implemented a number of pandemic prevention measures in the workplace
• Continued efforts toward sustainable development despite challenges
• Donated to various charitable organizations
• Implemented energy-saving and emission reduction measures in logistics services
• Developed alternative sourcing strategies (implied)

Supply Chain Management

Responsible Procurement

• Procurement Policy incorporating business ethics and integrity; Supplier sustainability requirements

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: HKEX ESG Reporting Guide

Certifications: ISO 14001: 2015, OHSAS 18001:2017/ ISO45001:2018

Awards & Recognition

• Singapore BCA Green Mark Building Award (3 warehouses)

Environmental Metrics

ESG Focus Areas

• Environmental protection
• Employment and labour practices
• Operating practices
• Community contribution

Environmental Achievements

• Automated route optimization to increase vehicle efficiency, minimizing empty miles trucking with more backhauls, and deploying electric forklifts and top lifters in operations.
• Deployed energy-efficient resources such as solar energy, sensor motion detectors, and more efficient lighting in warehouse buildings.
• Accelerated digital transformation to streamline processes and eliminate the paper trail.

Social Achievements

• Continued support for various charities through community involvement and corporate giving.
• Prioritized employee well-being with COVID-19 safety management measures.
• Embedded diversity and inclusiveness at every level of the Company.

Governance Achievements

• Maintained a balanced risk profile and managed costs prudently.
• Formulated a policy to identify and mitigate significant climate-related issues, and set targets on each of the ESG areas.
• Periodically reviewed disclosure data and provided additional information or beefed up existing ESG policies beyond statutory requirements.

Climate Goals & Targets

Environmental Challenges

• Global supply chain delays and labor shortages due to the ripple effects of the pandemic.
• Challenges in initiating charity programs due to the spread of the pandemic.
• Climate change risks posing threats to facilities, business operations, and employee health and safety.

Mitigation Strategies

• Implemented Safe Management Measures at Workplace with pandemic prevention measures.
• Endeavored to create value and spread love and care to the needy on an ongoing basis.
• Identified material risks posed by climate change, incorporated resilience measures into operations, and frequently monitored local weather conditions.

Supply Chain Management

Supplier Audits: 1,167 suppliers; implemented practices relating to engaging suppliers with all suppliers.

Responsible Procurement

• Green procurement strategy; set out green procurement specifications to consider suppliers’ environmental and social performance; encouraged suppliers to provide environmentally friendly alternatives.

Climate-Related Risks & Opportunities

Physical Risks

• Floods, droughts, and heat waves

Opportunities

• Improving energy efficiency of operations with cleaner energy and alternative renewable resources.

Reporting Standards

Frameworks Used: HKEx ESG Reporting Guide

Awards & Recognition

• Singapore BCA Green Mark Building Award (three warehouses)

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Social Responsibility
• Good Corporate Governance

Environmental Achievements

• Reduced air and greenhouse gas emissions across all business sectors
• Reduced energy consumption by implementing energy conservation measures
• Implemented waste reduction strategies such as recycling, reusing, and proper disposal of non-hazardous waste
• Responsibly utilized water and enhanced water efficiency across operations
• Obtained a green building certificate (Singapore Green Building Services certification)

Social Achievements

• Established a comprehensive range of employment practices to ensure employees understand their rights and responsibilities
• Promoted equal opportunities and a diverse workforce
• Prioritized a safe and healthy work environment by minimizing safety risks and eliminating occupational hazards
• Offered various development opportunities and comprehensive career development to help build a skilled workforce
• Supported various community care projects, focusing on youth development and community care

Governance Achievements

• Board provides oversight of ESG issues with an emphasis on the Group’s long-term development and positioning
• ESG Working Group drives the planning and implementation of the Group’s ESG-related matters
• Implemented a “zero-tolerance” approach towards any form of corruption, bribery, extortion, fraud, money laundering, competitive practices or other unethical and illegal business behaviors

Climate Goals & Targets

Environmental Challenges

• Climate-related risks (physical risks: extreme weather events; transition risks: reputational, policy & legal, market risks)
• Supply chain disruptions
• Managing environmental and social risks along the supply chain

Mitigation Strategies

• Established a Climate Change Position Statement outlining responsible business practices
• Long-term goal to phase out fossil-fueled vehicles by 2040 and achieve net zero emissions by 2050
• Annual sustainability risk assessment to identify material climate-related risks
• Rigorous supplier selection and management process promoting responsible procurement
• Regular monitoring of supplier performance to ensure compliance

Supply Chain Management

Supplier Audits: Annual sustainability risk assessment for major suppliers

Responsible Procurement

• Rigorous supplier selection and management process
• Promoting environmentally preferable products and services

Climate-Related Risks & Opportunities

Physical Risks

• Increased severity and frequency of extreme weather events
• Long-term changes in precipitation and weather patterns

Transition Risks

• Reputational risks
• Policy and legal risks
• Market risks

Opportunities

• Developing climate mitigation and adaptation measures

Reporting Standards

Frameworks Used: HKEx ESG Reporting Guide

Certifications: ISO 9001:2015, ISO 22000:2018, ISO 22301, ISO 14001:2015, bizSAFE Star, bizSAFE Partner and bizSAFE Level 3

Environmental Metrics

ESG Focus Areas

• Cultivating People-Focused Culture
• Achieving Our Operational Sustainability
• Driving the Greener Future
• Co-creating Our Better Community

Environmental Achievements

• Implemented waste reduction strategies such as recycling, reusing, and proper disposal of non-hazardous waste (Achieved)
• Responsibly utilized water and enhanced water efficiency across our operations (Achieved)
• Logistics services achieved the prestigious “1 Million Manhours with Zero Lost Time” accreditation from ExxonMobil.

Social Achievements

• Organized various employee activities to cultivate employees’ bonding and sense of belonging
• Provided various health and safety training programs to employees to raise their safety awareness
• Participated in the Fire Safety Ambassador Scheme in Hong Kong
• Supported the Children’s Cancer Foundation’s “Hair for Hope” campaign in Singapore
• Made charitable donations to Smile Asia

Governance Achievements

• Established a comprehensive Environmental, Social and Governance Policy
• Established a robust sustainability governance structure and comprehensive sustainability policies
• Established a whistleblowing channel and Grievance Reporting Policy

Climate Goals & Targets

Environmental Challenges

• Global warming leading to more intense and frequent climate events (e.g., typhoons in Hong Kong, heatwaves in Singapore)
• Potential risks related to commodity marketing business nature (e.g., price risks and volatility)

Mitigation Strategies

• Prepared to comply with future Hong Kong regulations requiring disclosure of climate change issues
• Established a comprehensive risk management and internal control procedure for commodity marketing, using advanced financial instruments and insurance facilities to mitigate risks
• Implemented appropriate insurable risk management to cover climate-related risks
• Developed and continuously review carbon emission target and reduction plan
• Constantly explore the potential of improving the energy efficiency of our operations

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier selection based on criteria including quality, competence, stability, environmental performance, ethical practices, and labor rights
• Encouraging suppliers to adopt sustainable practices

Climate-Related Risks & Opportunities

Physical Risks

• Increased severity and frequency of extreme weather events
• Increased operating and maintenance costs due to infrastructure damage
• Increased health and safety hazards
• Ongoing disruptions to the operations and supply chains
• Reduced workforce productivity

Transition Risks

• Reduced revenues due to decreased customer demand
• Reduced capital availability
• Increased operating costs due to greater compliance costs
• Reduced revenue due to loss of potential and current ESG-conscious customers
• Increased costs associated with research and development of lower-emission products and/or solutions
• Reputation Risks

Opportunities

• Fleet renewal for decarbonization
• Energy-saving measures
• Transition to renewable energy

Reporting Standards

Frameworks Used: HKEx ESG Reporting Guide

Certifications: bizSAFE Star certificate, bizSAFE Level 3 certificate, ISO 14001, ISO 45001, ISO 9001, ISO 22301, ISO 22000, ISO 55001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Silver Medal for ESG rating by EcoVaids