Climate Change Data

Applied Development Holdings Limited

Climate Impact & Sustainability Data (2022-07 to 2023-06)

Reporting Period: 2022-07 to 2023-06

Environmental Metrics

Total Carbon Emissions:261.80 tCO2e/year
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:261.80 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:0.2% (solar power) and 30% (hot water)
Total Energy Consumption:428.17 MWh/year
Water Consumption:180.00 m3/year
Waste Generated:44.24 tons/year
Carbon Intensity:0.09 tCO2e/m2

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Reduced GHG emissions (Scopes 1 and 2) by 44% compared to the FY2020 baseline.
  • Reduced energy consumption by 38% compared to the FY2020 baseline.
  • Reduced water consumption by 83% compared to the FY2020 baseline.
  • Reduced waste generation by 37% compared to the FY2020 baseline.

Social Achievements

  • Maintained a well-balanced gender diversity in the workforce (47% female, 53% male).
  • Achieved 94% employee training participation rate.
  • Effectively handled 18 customer complaints regarding the property handover process.

Governance Achievements

  • Amended Bye-laws to comply with Code Provision B.2.2 of the CG Code.
  • Appointed Dr. Chan Kin Keung Eugene SBS, BBS, JP as an independent non-executive Director and a member of the Audit Committee to meet the requirements of Rules 3.10(1) and 3.21 of the Listing Rules.
  • All Directors confirmed compliance with the Model Code for Securities Transactions by Directors.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Reduce GHG emissions (Scopes 1 and 2) by 20% by FY2025.
  • Reduce energy use by 20% by FY2025.
  • Reduce water use by 20% by FY2025.
  • Reduce waste generation by 20% by FY2025.

Environmental Challenges

  • Slow sales progress of the Wuxi Property Project due to the tightening macroeconomic situation and the impact of the pandemic.
  • Sluggish recovery of the global economy and highly volatile financial environment impacting investment business.
  • Challenges in the property market and global economy affecting property business prospects.
Mitigation Strategies
  • Strengthening internal management and optimizing asset structure.
  • Exploring investments with future trends and seeking valuable investment opportunities.
  • Diversifying the Group’s business in terms of asset composition, revenue, and profitability.
  • Diversifying property investment portfolio in terms of property type and location.
  • Improving product quality and strengthening cost control to maintain sales turnover.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Prioritizing environmentally friendly raw materials.
  • Engaging with local suppliers to reduce transportation emissions.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events impacting employee safety and property.
  • Flooding and typhoons affecting the Wuxi Property Project.
Transition Risks
  • Failure to meet tightened climate-related policies and emission requirements.
Opportunities
  • Development of energy-efficient products and sustainable designs.

Reporting Standards

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

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Sustainable designs in Wuxi Property Project (renewable energy, rainwater harvesting, smart building technology).

Awards & Recognition

  • Not disclosed