Hong Kong Shanghai Alliance Holdings Limited
Climate Impact & Sustainability Data (2018-04 to 2019-03, 2022-04 to 2023-03)
Reporting Period: 2018-04 to 2019-03
Environmental Metrics
Total Carbon Emissions:778,589 kg CO2e
Scope 1 Emissions:49,959 kg CO2e
Scope 2 Emissions:667,343 kg CO2e
Scope 3 Emissions:61,287 kg CO2e
Renewable Energy Share:Not disclosed
Total Energy Consumption:982,298 kWh
Water Consumption:860 m3
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Environmental Protection
- Employee Care
- Operations Management
- Community Investment
Environmental Achievements
- Reduced carbon dioxide emissions from 779,326 kg to 778,589 kg.
- Central Park Pudong project obtained Gold level in the LEED Green Building Rating System.
- Implemented waste handling management, selling and/or recycling solid waste.
Social Achievements
- Staff turnover rate of approximately 3%.
- Maintained zero work-related injury, loss or fatalities.
- Awarded as the “Caring Company” and “Heart to Heart Company”.
Governance Achievements
- Established “Anti-Fraud and Anti-Money Laundering Policies” and “Code of Business Ethics”.
- Complied with relevant laws and regulations, including the Prevention of Bribery Ordinance.
- Customer complaints rate was 0.1%.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Maintain zero work-related injury, loss or fatalities.
Environmental Challenges
- Reducing air emissions, greenhouse gas emissions and hazardous waste discharges.
- Reducing fuel consumption and emissions from company vehicles.
- Minimizing the environmental impact of daily operations.
Mitigation Strategies
- Encouraging employees to reduce vehicle use and switch off engines when idle.
- Adopting paper saving practices in offices.
- Implementing various environmental protection measures to lower carbon dioxide emissions.
Supply Chain Management
Supplier Audits: Annual field observation on all suppliers’ plant
Responsible Procurement
- Encouraging suppliers to follow high standards and expectations that align with the company's values in respect of environmental issues and labour practices.
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Environmental, Social and Governance Reporting Guide (ESG Guide) issued by The Stock Exchange of Hong Kong Limited
Certifications: ISO 14001, ISO 9001
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Water-efficient products from TOTO
Awards & Recognition
- “Caring Company”, “Heart to Heart Company”
Reporting Period: 2022-04 to 2023-03
Environmental Metrics
Total Carbon Emissions:565,319 kg CO2e/year
Scope 1 Emissions:82,513 kg CO2e/year
Scope 2 Emissions:458,395 kg CO2e/year
Scope 3 Emissions:24,411 kg CO2e/year
Renewable Energy Share:70% (Tsing Yi Plant)
Total Energy Consumption:966,846 kWh/year
Water Consumption:2,587 m3/year
Waste Generated:469 kg/year (non-hazardous), 1,867 tons/year (manufacturing waste)
ESG Focus Areas
- Environmental Protection
- Caring for Employees
- Serving the Community
- Corporate Governance
Environmental Achievements
- Reduced scope 2 GHG emissions with 24,628 kg CO2 equivalent emissions. Achieved 4.4% total GHG emissions reduction compared to FY2021/22.
- Set up a Solar Power System in Tsing Yi Plant, generating renewable energy to supply electricity with approximately 70% of the plant's electricity consumption.
- Obtained WELL HEALTH-SAFETY RATING FOR FACILITY OPERATION and LEED EXISTING BUILDING GOLD CERTIFICATION for investment property renovation projects.
Social Achievements
- Maintained employee turnover rate at an acceptable level (42% in Hong Kong and 16% in Mainland China).
- Provided various internal and external training for employees, with 159 employees attending training during the reporting period.
- Made total contributions of approximately HK$2,600,000 to various charitable organizations.
Governance Achievements
- Established an ESG Working Group to assist the Board in overseeing business-level ESG initiatives.
- Established “Anti-Fraud and Anti-Money Laundering Policies” and “Code of Business Ethics and Anti-Corruption Policy”.
- Complied with relevant laws and regulations, including the Prevention of Bribery Ordinance (Cap. 201 of the laws of Hong Kong).
Climate Goals & Targets
Long-term Goals:
- Achieving carbon neutrality by 2050.
Medium-term Goals:
- Reducing GHG emissions across three scopes by 2030 and reaching carbon neutrality by 2060.
- Achieving zero fatality, zero serious personal injury and zero confirmed case of occupational disease in health and safety.
Short-term Goals:
- Continuous reduction of non-hazardous waste by implementing resource saving initiatives.
Environmental Challenges
- Climate change physical risks (extreme weather events, high temperatures) affecting Property Investment and Fund Management Business and Steels Distribution and Processing Business.
- Transition risks (decarbonization policies) impacting Steels Distribution and Processing Business and potentially Building Products Distribution Business through supply chain disruptions.
- Maintaining an acceptable employee turnover rate.
Mitigation Strategies
- Developed operational procedures to ensure employee safety during extreme weather.
- Strengthening buildings and properties to make them more climate-resilient.
- Regular assessment of climate-related risks and opportunities.
- Regular review of recruitment and employment procedures to retain talents.
- Optimizing welfare and remuneration package to retain talents.
Supply Chain Management
Supplier Audits: 150 suppliers audited annually
Responsible Procurement
- Annual supplier performance appraisals
- Consideration of health and safety and environmental concerns during supplier selection.
- Established management guidelines and procedures to facilitate suppliers’ implementation of sufficient measures.
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather conditions
- Sustained high temperatures
Transition Risks
- Regulatory compliance risk related to a low-carbon economy transition
- Reputational risk related to a low-carbon economy transition
Opportunities
- Development of energy-efficient products
- Promoting green buildings
Reporting Standards
Frameworks Used: ESG Guide (Appendix 27 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited)
Certifications: ISO 14001, ISO 45001
Sustainable Products & Innovation
- Green buildings
- TOTO toilet with Tornado Flash Technology and EcoPower Technology