Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental protection
• Employee well-being
• Corporate governance

Environmental Achievements

• Used energy-saving light bulbs and LED lighting systems in all offices.
• Implemented rules on energy saving (turning off equipment and lights when not in use, switching computers to sleep mode).
• Reduced paper consumption (maximising e-versions, double-sided printing, reusing recycled paper).
• Reduced use of disposable consumables.
• Implemented measures to promote waste separation for reuse and recycling.

Social Achievements

• Provided employees with a stimulating and harmonious working environment.
• Remunerated employees based on qualifications, experience, performance, and prevailing market conditions.
• Provided staff benefits including severance payment, mandatory provident fund, employment compensation insurance, annual leaves, sick leaves, and performance-based bonuses.
• Complied with relevant laws and regulations regarding industrial safety, hygiene, and health.
• Offered training to employees to enhance their performance and support their personal development.
• Implemented a clear staff age requirement and prohibited child labor.

Governance Achievements

• Maintained a high standard of corporate governance and complied with the Code on Corporate Governance Practices.
• Established clear channels for reporting suspected business irregularities.
• Implemented anti-corruption and anti-fraud policies.

Climate Goals & Targets

Environmental Challenges

• Exposure to negative, volatile, or uncertain developments in global, regional, and local economies, financial and property markets, and changes in consumption patterns.

Mitigation Strategies

• Adoption of prudent financial policies to cope with the impact of uncertain factors.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Assessment of new suppliers and evaluation of their products before engagement.
• Preference given to socially responsible entities, energy-efficient equipment, and environmentally friendly products.
• Ongoing quality monitoring and supervision.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: ESG Guide (Appendix 27 of 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

Environmental Metrics

ESG Focus Areas

• Environmental Protection
• Employee Well-being
• Business Integrity

Environmental Achievements

• Used energy-saving light bulbs and LED lighting systems in all offices; implemented energy-saving rules; installed energy-saving devices; reduced total electricity energy consumption to 41,125 KWh (2018: 37,944 KWh); reduced paper consumption to 281 kg (2018: 225 kg); adopted policy to reduce the use of disposable consumables; implemented measures to promote separation of waste for reuse and recycle.

Social Achievements

• Provided a stimulating and harmonious working environment; remunerated employees based on qualifications, experience, performance, and prevailing market conditions; provided benefits including severance payment, mandatory provident fund, employment compensation insurance, annual leaves, sick leaves, and performance-based bonuses; maintained a safe, healthy, and comfortable working environment; strictly complied with laws relating to preventing child and forced labour; established various communication channels for customer feedback; respected customer privacy and protected data.

Governance Achievements

• Maintained a high standard of business integrity; tolerated no corruption or bribery; encouraged reporting of suspected business irregularities; provided clear channels for reporting suspected wrongdoings.

Climate Goals & Targets

Environmental Challenges

• Negative, volatile, or uncertain developments in global, regional, and local economies, financial and property markets, and changes in consumption patterns; uncertainties presented in the global and local business environment, including current trade wars.

Mitigation Strategies

• Adopted prudent financial policies to cope with the impact of uncertain factors; operated synergistic cross-segment businesses; actively sought to continue to grow operations, whether originally or via mergers and acquisitions; actively reviewed and made regular considered management decisions on the optimum times and values regarding whether or not to purchase or whether or not to realise upon specific investment properties.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Preference given to socially responsible entities, energy-efficient equipment, and environmentally friendly products; ongoing quality monitoring and supervision.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: ESG Guide (Appendix 27 of 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

Environmental Metrics

ESG Focus Areas

• Environmental protection
• Employee well-being
• Business integrity

Environmental Achievements

• Reduced electricity consumption from 41,125 KWh to 40,621 KWh
• Reduced paper consumption from 281 kg to 324 kg
• Implemented measures to reduce disposable consumables and promote waste separation for recycling.

Social Achievements

• Increased number of employees from 19 to 30
• Provided employees with various welfare benefits including performance-based bonuses
• Maintained a safe working environment with no reported injuries.

Governance Achievements

• Maintained high business integrity and zero tolerance for corruption
• Established clear channels for reporting suspected business irregularities
• Complied with the Code on Corporate Governance Practices.

Climate Goals & Targets

Environmental Challenges

• Significant negative economic impact due to social unrest and COVID-19, resulting in reduced profit.
• Negative impact on traditional business demands due to social unrest and COVID-19.

Mitigation Strategies

• Applied technology business experience to meet new business needs resulting from the COVID-19 paradigm (Fintech, Cloud and Virtual Technology)
• Adjusted business model to be nimble and adaptive to adverse market conditions.
• Explored opportunities to extend business to food & beverage and property sectors.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Assessment of new suppliers and evaluation of their products before engagement.
• Preference given to socially responsible entities, energy-efficient equipment, and environmentally friendly products.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

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

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental protection
• Social responsibility
• Corporate governance

Environmental Achievements

• Reduced paper consumption by 43% (175kg to 100kg)
• Reduced electricity consumption (34,943 KWh to 38,953 KWh)

Social Achievements

• Increased number of employees (50 to 55)
• No reported injuries during the year

Governance Achievements

• Compliance with the Code on Corporate Governance Practices
• Regular updates on Group’s business and operations provided to Directors

Climate Goals & Targets

Environmental Challenges

• Increased cyber risks due to accelerated growth of the digital economy
• Stricter environmental laws and regulations

Mitigation Strategies

• Growing higher-security digital services to address security and compliance issues
• Allocating operating and financial resources to ensure environmental protection compliance

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Assessment of new suppliers and evaluation of their products
• Preference given to socially responsible entities, energy-efficient equipment, and environmentally friendly products

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: ESG Guide (Appendix 27 of 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

Environmental Metrics

ESG Focus Areas

• Environmental protection
• Labour practices
• Business operations
• Supply chain management

Environmental Achievements

• Reduced GHG emissions from 26,488 tCO2e to 20,981 tCO2e, with intensity decreasing from 141 to 107 tCO2e per million revenue. Implemented paperless office initiatives, recycled paper usage, double-sided printing, and waste reduction measures.

Social Achievements

• Maintained a safe and healthy working environment with zero work-related fatalities for the past three years. Implemented fair employment practices and encouraged work-life balance. Provided regular staff training and development.

Governance Achievements

• Complied with the code provisions of the Corporate Governance Code (CG Code), except for deviations from code provisions C.1.8, C.2.1, and B.2.2. Implemented a whistleblowing policy and an anti-corruption policy.

Climate Goals & Targets

Environmental Challenges

• Global, regional, and Hong Kong economic headwinds including the war in Ukraine, supply chain disruptions, inflation, rising interest rates, and pandemic preventative measures.
• Rapid technological change requiring continuous investment in new technologies and expertise.
• Talent shortage in the IT sector.

Mitigation Strategies

• Strategic partnerships with customers and technology providers.
• Nimble organizational structure allowing for quick adaptation and resource deployment.
• Investment in talent development, research, and innovation.
• Proactive development of new technology capabilities to meet future client demands.
• Expansion into UK/EU markets.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Careful selection of suppliers based on financial status, reputation, performance, reliability, costs, environmental, and social standards.
• Prioritization of suppliers promoting sustainable practices.

Climate-Related Risks & Opportunities

Physical Risks

• Property damages and economic losses from extreme weather events (considered minimal).

Transition Risks

• Higher operating costs from transition to a carbon-neutral economy.

Opportunities

• Not disclosed

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

• Technology-enhanced education technology solutions and services.

Awards & Recognition

• Not disclosed

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• global, regional, and local challenges in Hong Kong and overseas
• geo-political disruptions
• economic fluctuations, inflation and volatile markets
• changes in patterns of consumption

Mitigation Strategies

• adopt prudent financial policies to cope with the impact of uncertain factors

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: HKAS 34 “Interim Financial Reporting”

Environmental Metrics

ESG Focus Areas

• Environmental protection
• Labour practices
• Business operations
• Supply chain management
• Sustainability

Environmental Achievements

• Reduced GHG emissions intensity by 8% (from 115 tCO2e per million revenue to 107 tCO2e per million revenue)
• Reduced electricity consumption intensity per staff by 14% (from 119 kWh to 101 kWh)
• Reduced office paper consumption by 16% (from 162 kg to 138 kg)

Social Achievements

• Maintained a 50/50 gender balance in the workforce
• Achieved zero work-related fatalities for the year and the past three years
• Actively invested in staff training and development

Governance Achievements

• Complied with all code provisions of the Corporate Governance Code except for deviations from code provisions C.1.8, C.2.1, and B.2.2
• Implemented a whistleblowing policy
• Reviewed and maintained an anti-corruption policy

Climate Goals & Targets

Environmental Challenges

• Economic uncertainty driven by persistent inflation, fluctuating interest rates, and slower economic growth
• Geopolitical tensions and supply chain disruptions
• Rapid technological advancements and escalating cybersecurity threats
• Talent shortage
• Rapid technological change

Mitigation Strategies

• Focus on digital transformation and sustainability
• Investment in advanced technologies and sustainable practices
• Enhance supply chain resilience
• Adopt intelligent automation
• Modernize legacy systems
• Invest in talent development
• Contingency measures for audit planning to mitigate logistical delays

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Careful supplier selection based on financial status, reputation, environmental and social standards

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather-related events

Transition Risks

• Higher operating costs due to transition to a carbon-neutral economy

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