Climate Change Data

CSC Holdings Limited

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:58.44 tCO2e/year
Scope 1 Emissions:20.97 tCO2e/year
Scope 2 Emissions:37.47 tCO2e/year
Total Energy Consumption:139.69 MWh/year
Water Consumption:2.72 m3/year
Waste Generated:0.48 tons/year
Carbon Intensity:1.17 tCO2e/employee

ESG Focus Areas

  • Supply Chain Management
  • Fair and Open Tendering
  • Anti-corruption Mechanism
  • Anti-money Laundering (AML) and Counter-financing of Terrorism (CFT)
  • Business Ethics
  • Greenhouse Gas (GHG) Emissions
  • Waste Management
  • Energy Efficiency
  • Water Consumption
  • Climate Change Mitigation and Adaptation
  • Working Hours and Rest Periods
  • Prevention of Child and Forced Labour
  • Advertising and Labelling
  • Community Investment
  • Recruitment and Remuneration
  • Promotion and Dismissal
  • Compensation and Other Benefits
  • Indoor Air Quality
  • Diversity, Equal Opportunities and Anti-discrimination
  • Operational Health and Safety Management
  • Protection of Intellectual Property Rights
  • Quality Assurance
  • Customer Services and Satisfaction
  • Customer Privacy Protection

Environmental Achievements

  • Total GHG emissions dropped by about 30.96% compared to FY2021
  • Total non-hazardous waste decreased by approximately 23.81% compared to FY2021
  • Total water consumption of the Group decreased by approximately 7.17% compared to FY2021
  • Total energy consumption of the Group decreased by approximately 27.43% compared to FY2021

Social Achievements

  • Employee turnover rate is approximately 8% (2021: 39%)
  • No reported work-related incident or work days lost due to work injury during FY2022
  • No work-related fatalities occurred in the past three years (including FY2022)

Governance Achievements

  • Adopted an anti-fraud and counter-corruption policy
  • Adopted a whistleblowing policy

Climate Goals & Targets

Short-term Goals:
  • Reducing the total GHG emissions intensity by the year ending 31 December 2025

Environmental Challenges

  • Global economic conditions and the state of international financial and investment markets significantly influence the businesses and financial performance of the Group.
  • The Group’s money lending business, trading of coke products business, as well as securities brokerage business are all operating in a very competitive environment.
  • The Group is exposed to financial risks relating to interest rate, securities price, foreign currency, credit and liquidity risk.
  • Physical risks from extreme weather events can disrupt operations.
  • Transition risks from stricter climate legislations and regulations.
Mitigation Strategies
  • Diversify the Group’s businesses and diversify its investments.
  • Continue to put effort in enlarging the market share and enhancing the market competitiveness of its businesses.
  • Formulated crisis response plans to reduce the potential negative impacts on its operations due to extreme weather events.
  • Established contingency policies for staff.
  • Regularly monitors existing and emerging trends, and policies and regulations relevant to climate change.

Supply Chain Management

Supplier Audits: 8/year

Responsible Procurement
  • Supplier management policies

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
  • Floods
  • Damages to power grid and communication infrastructure
Transition Risks
  • Stringent climate legislations and regulations
  • Increasing requirements of climate-related information disclosures

Reporting Standards

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

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:67.16 tCO2e/year
Scope 1 Emissions:28.65 tCO2e/year
Scope 2 Emissions:38.51 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:175.08 MWh/year
Water Consumption:3.01 m3/year
Waste Generated:16.50 kg/year (hazardous)
Carbon Intensity:1.20 tCO2e/employee in FY2023

ESG Focus Areas

  • Anti-money Laundering and Counter-financing of Terrorism
  • Anti-corruption Mechanism
  • Business Ethics
  • Customer Privacy Protection
  • Working Hours and Rest Periods
  • Promotion and Dismissal
  • Compensation and Other Benefits
  • Greenhouse Gas (“GHG”) Emissions
  • Energy Efficiency
  • Indoor Air Quality
  • Waste Management
  • Water Consumption
  • Quality Assurance
  • Occupational Health and Safety Management
  • Fair and Open Tendering
  • Supply Chain Management
  • Advertising and Labelling
  • Community Investment
  • Diversity, Equal Opportunities and Anti-discrimination
  • Climate Change Mitigation and Adaptation
  • Prevention of Child and Forced Labour
  • Recruitment and Remuneration
  • Customer Services and Satisfaction
  • Protection of Intellectual Property Rights
  • Development and Training

Environmental Achievements

  • Reduced total hazardous waste by 4% compared to FY2022
  • Maintained total non-hazardous waste intensity at 0.01 tonne/employee for both FY2023 and FY2022

Social Achievements

  • No reported work-related incidents or work days lost due to work injury during FY2023
  • All employee departures in FY2023 were voluntary
  • 38% of employees received training in FY2023

Governance Achievements

  • Compliance with all applicable code provisions of the Corporate Governance Code
  • Adoption of an anti-fraud and counter-corruption policy
  • Adoption of a whistleblowing policy

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Reduce total GHG emissions intensity by FY2025, using FY2021 as baseline
  • Reduce total hazardous waste intensity by FY2025, using FY2021 as baseline
  • Reduce total non-hazardous waste intensity by FY2025, using FY2021 as baseline
  • Reduce total energy consumption intensity by FY2025, using FY2021 as baseline

Environmental Challenges

  • Decrease in revenue by 78% due to decreased interest income from money lending and temporary halt of commodities trading
  • Slower than expected economic recovery in Hong Kong
  • Volatile market conditions, particularly in commodities trading
  • Geopolitical tensions, Russia-Ukraine war, and Israel-Hamas conflict adding market uncertainties
  • Potential indirect negative environmental impacts associated with business operations
  • Increase in total GHG emissions and emissions intensity per employee compared to FY2022
Mitigation Strategies
  • Cautious and disciplined approach in managing businesses
  • Prudent approach in granting new loans
  • Closely monitoring market conditions and seeking new business opportunities
  • Formulated crisis response plans to reduce the potential negative impacts on its operations due to extreme weather events
  • Regularly monitoring existing and emerging trends, policies and regulations relevant to climate change
  • Implementing fuel-saving and emissions reduction measures
  • Implementing measures to reduce energy consumption
  • Promoting the concept of “green office” to reduce waste
  • Increasing employees’ awareness on water conservation

Supply Chain Management

Supplier Audits: 8/year

Responsible Procurement
  • Supplier management policies reviewed annually
  • Evaluation criteria include service/product quality, environmental issues, labour practice, social responsibilities, and moral standards

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events disrupting operations
  • Long-term effects of rising global temperature increasing operational costs
Transition Risks
  • Stricter climate legislations and regulations increasing compliance costs and risks
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: ESG Reporting Guide (Appendix C2 to the Listing Rules)

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed