Climate Change Data

Media Asia Group Holdings Limited

Climate Impact & Sustainability Data (2020, 2021-08 to 2022-07)

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:1,773 tonnes CO2e (Scope 2) in cinema operations; 162.42 tonnes CO2e (Scopes 1 & 2) in entertainment operations
Scope 1 Emissions:23.86 tonnes CO2e (entertainment operations)
Scope 2 Emissions:138.57 tonnes CO2e (entertainment operations); 1,773 tonnes CO2e (cinema operations)
Total Energy Consumption:3,095,432 kWh in cinema operations; 362,512 kWh in entertainment operations
Water Consumption:N/A in 2020; 6,402 m³ in 2019 (cinema operations)
Waste Generated:38,058 kg of general waste in cinema operations; 95.07 kg of fluorescent lamp waste in cinema operations

ESG Focus Areas

  • Emissions
  • Use of resources
  • People
  • Employment
  • Health and safety
  • Development and training
  • Labour standards
  • Supply chain management
  • Product responsibility
  • Intellectual property rights
  • Anti-corruption
  • Community investment

Environmental Achievements

  • Reduced greenhouse gas emissions (Scope 2) from 2,440 tonnes CO2e to 1,773 tonnes CO2e in cinema operations.
  • Reduced general waste disposal intensity from 3.61 kg/m² to 1.62 kg/m² in cinema operations.

Social Achievements

  • Signed the Good Employer Charter of the Labour Department.
  • Organised health awareness talks, interest classes, and film screenings for employees.
  • Implemented preventive measures against COVID-19 at cinemas, including mask requirements and increased disinfection.

Governance Achievements

  • Established a risk management framework involving the Board, Audit Committee, and Risk Management Taskforce.
  • Revised the Audit Committee’s terms of reference to extend the cooling-off period for appointing a former partner of the external auditor.

Climate Goals & Targets

Environmental Challenges

  • Decreased box office performance in cinema operations due to social unrest and the COVID-19 pandemic.
  • Temporary closure of cinemas due to COVID-19.
  • Delays in film production and movie launches, and postponement of concerts.
Mitigation Strategies
  • Improved overall operating efficiency.
  • Prudent approach in evaluating opportunities for further expansion.
  • Focus on producing high-quality projects with proven track records and commercial viability.
  • Tightening cost control procedures.
  • Implementing infection prevention and control measures at cinemas.

Supply Chain Management

Responsible Procurement
  • Purchases food from authorized suppliers to ensure food safety and traceability.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ESG Reporting Guide (Appendix 27 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited)

Reporting Period: 2021-08 to 2022-07

Environmental Metrics

Total Carbon Emissions:117.43 tCO2e/year
Scope 1 Emissions:22.28 tCO2e/year
Scope 2 Emissions:95.14 tCO2e/year
Total Energy Consumption:325,153 kWh/year
Waste Generated:2,835 kg/year

ESG Focus Areas

  • Energy
  • Climate resilience and greenhouse gas emissions
  • Waste management
  • Employee relationship
  • Recruitment and retention
  • Occupational health and safety
  • Training and development
  • Equal opportunities
  • Wellbeing
  • Supply chain management
  • Customer satisfaction
  • Product/service quality and safety
  • Marketing and labelling
  • Customer/tenant privacy
  • Anti-corruption
  • Legal compliance
  • Community investment

Environmental Achievements

  • Reduced waste through employee-oriented initiatives (e.g., reduced paper usage, use of environmentally friendly paper, double-sided printing, avoidance of plastic disposable items)
  • Purchased energy-saving equipment to cut down on energy use and GHG emissions
  • Implemented typhoon and extreme weather condition work arrangement guidelines

Social Achievements

  • Implemented health and safety measures and provided regular safety training to all staff
  • Provided free anti-epidemic supplies (surgical masks, sanitisers, rapid test kits) to employees
  • Introduced vaccination leave to encourage COVID-19 vaccination
  • Organised workshops and events regarding physical and mental health and wellness
  • Supported Konica Minolta in raising a donation for the Children’s Thalassaemia Foundation
  • Organised volunteer services to visit St. James’ Settlement and deliver goodie bags to the elderly
  • Donated COVID-19 rapid test kits to Holy Cafe

Governance Achievements

  • Established an Executive Committee to review and monitor ESG-related issues
  • Performed a comprehensive stakeholder engagement exercise to identify material ESG issues
  • Implemented Anti-Fraud and Anti-Corruption Policy
  • Implemented Whistleblowing Policy

Climate Goals & Targets

Environmental Challenges

  • Decrease in revenue from film, TV program and event management business
  • Tropical cyclones posing significant climate-related risk to operations
  • Potential material impact on Hong Kong businesses from flooding
  • Policy and legal risks considered as material transition risks
  • Stringent government policies and initiatives to meet carbon emission reduction targets and net zero commitments resulting in higher operating costs
Mitigation Strategies
  • Optimised management strategies to strengthen climate resilience and adaptation ability
  • Developed typhoon and extreme weather condition work arrangement guidelines
  • Purchased energy-saving equipment
  • Strict control over marketing, administrative and other operating expenses

Supply Chain Management

Responsible Procurement
  • Close collaboration with business partners, supplier selection based on quality, strength, and experience

Climate-Related Risks & Opportunities

Physical Risks
  • Tropical cyclones, flooding
Transition Risks
  • Policy and legal risks
Opportunities
  • Replacement of equipment with higher efficiency models

Reporting Standards

Frameworks Used: HKEX ESG Reporting Guide