Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Waste Reduction
• Water Conservation
• Plastic Reduction
• Sustainable Products
• Community Engagement & Support
• Human Capital
• Health & Safety
• Social Compliance
• Product Safety & Quality
• Ethics & Anti-corruption
• Data Privacy & Cybersecurity
• Tax Governance

Environmental Achievements

• Reduced Scope 1 and Scope 2 GHG emissions by 19% in 2023 compared to 2021 levels.
• Increased waste diversion rate to 54% in 2023 from 51% in 2022.
• Improved Morningstar Sustainalytics ESG Risk Rating from 25.3 (2022) to 22.9 (2023), moving from the top 50% to the top 29% in the Global Food Retail sub-industry rankings.
• SBTi validated Scope 1, 2, and 3 emissions reduction targets.
• Introduced market-first larger electric trucks in Taiwan and Hong Kong.
• Converted 716 stores across Hong Kong, Singapore, and Malaysia to LED lighting.
• Implemented various energy-saving initiatives in 7-Eleven South China and Lucky supermarkets in Cambodia.
• Expanded solar panel installations at IKEA Taiwan and Wellcome Fresh Food Centre.
• Reduced plastic bag and plastic wrap usage by 38% compared to 2022.
• 57% of Own Brand products’ plastic packaging is recyclable.
• Reduced annual plastic usage by 110 tonnes in 2023.
• Successfully diverted over 600 tonnes of food waste to OPark1.
• Wellcome Fresh Food Centre waste diversion rate increased from 32% in 2022 to over 72% in 2023.
• Converted 11 stores to lower GWP refrigerants.

Social Achievements

• Launched Mannings AI Wellness Scan, conducting nearly 3,000 scans in four months.
• Launched Mannings PharmaCare programme, with over 9,000 visits.
• Launched IKEA Instellar and IKEA Social Entrepreneurship Accelerator (I-SEA) programme, supporting 10 social enterprises.
• Wellcome offers over 1,000 low-fat, sugar-free, gluten-free, or no-hormones-added food items.
• yuu Rewards and members donated $950,918 to three charity organisations.
• Mannings collaborated with JCITPS to promote safe disposal of unused medicines, preventing over 1.18 million pills from improper disposal.
• Launched Mannings ‘Helping Kids Grow Happier, Healthier and Stronger’ campaign, donating HK$2.86 million.
• Guardian #guardiancares initiative provided the equivalent of 20 million baths to underprivileged children.
• Expanded ‘Sik Tak Fan La’ programme to Guangzhou, raising RMB 251,092 for meal vouchers.
• Donated over HK$1.35 million (equivalent to 54,000 meal boxes) through 7-Eleven Hong Kong’s ‘Sik Tak Fan La’ programme.
• Donated 305,506kg of food (equivalent to 872,876 meals) through Cold Storage and Giant’s ‘Better Together’ programme.
• Raised over HK$9.2 million (equivalent to over 28 million bowls of rice) through Wellcome’s ‘Sik Jor Fan Mei’ programme.
• Lucky Cambodia donated food valued at US$7,432 to three NGO partners.
• 7-Eleven Singapore launched ‘Together We Care’ programme, providing groceries to over 400 low-income families.

Governance Achievements

• Established working groups for various ESG topics.
• Established comprehensive ESG policies, including Code of Conduct, Data Privacy Policy, and Supplier Code of Conduct.
• Conducted a materiality assessment to prioritize ESG issues.
• 94% of factories in high-risk countries supplying Own Brand products have been audited against amfori or equivalent standards.
• 81% of own brand product factories were third-party audited for a globally recognised food safety certification.
• Code of conduct training completed by over 92% of team members.
• Implemented a Speak Up programme (whistleblower programme).
• Implemented a comprehensive Group Privacy Policy and Data Privacy Programme.
• Implemented a cybersecurity programme.

Climate Goals & Targets

Environmental Challenges

• Reducing Scope 3 emissions from rice and other product categories.
• Managing environmental risks and opportunities across 13 Asian markets with various regulatory frameworks, geographies, cultures, and economies.
• Addressing food waste and plastic usage.
• Reducing the use of high GWP refrigerants.
• Ensuring ethical labor standards in the Asian supplier network.

Mitigation Strategies

• Initiating research projects, such as growing sustainable rice with the AWD method.
• Collaborating with peers, trade bodies, regulators, government, and NGOs.
• Implementing proactive climate risk management in accordance with TCFD recommendations.
• Conducting supply chain audits against ethical standards.
• Intensifying efforts to increase waste diversion, targeting 80% by 2030.
• Committing to 100% recyclable plastic packaging for Own Brand products by 2030.
• Investing in water loop refrigeration technology and using lower GWP refrigerants.
• Establishing goals, monitoring key indicators, and sharing best practices with teams and suppliers.
• Introducing sustainability-related KPIs for the leadership team and providing training and resources for team members.

Supply Chain Management

Supplier Audits: 94% of factories in high-risk countries supplying Own Brand products audited.

Responsible Procurement

• Supplier Code of Conduct
• Ethical sourcing program
• Amfori BSCI membership

Climate-Related Risks & Opportunities

Physical Risks

• Severe flooding
• Stronger typhoons
• Heatwaves

Transition Risks

• Carbon tax

Opportunities

• Development of energy-efficient products
• Transitioning to electric vehicles

Reporting Standards

Frameworks Used: GRI

Certifications: Null

Third-party Assurance: PricewaterhouseCoopers (Limited Assurance)

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Meadows MSC-certified sustainable seafood
• Rainforest Alliance certified cocoa and coffee beans
• Recycled aluminium cookware
• Eco-Garden branded bath care products
• BOB craft beer using surplus bread

Awards & Recognition

• Hong Kong Awards for Environmental Excellence Super Gold Award
• CLP Smart Energy Award
• TVB ESG Awards
• Best Social Responsibility award from La Tofi School