Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Formulated “Environmental Facilities Operation and Management Policy” to manage emissions from daily operations.
• Installed oil fumes control equipment and conducted regular maintenance.
• Used LPG and town gas, which produce less air pollutants than other fossil fuels.
• Implemented proper waste reduction measures (Reduce, Reuse, Replace & Recycle).

Social Achievements

• Strict compliance with relevant laws and regulations including Employment Ordinance, Sex Discrimination Ordinance, Disability Discrimination Ordinance, Family Status Discrimination and Race Discrimination Ordinance.
• Implemented “Health, Safety and Environment Policy Statement” to provide a healthy and safe workplace.
• Provided diversified on-the-job training based on the needs of respective positions and the talents and interests of employees.
• Prohibited the use of child labour and forced labour.

Governance Achievements

• Established a comprehensive operation control procedure to oversee environmental, social and governance issues.
• Systematically incorporated anti-corruption management principles into operations.
• Implemented “Anti-corruption and Anti-Fraud Management System” and opened communication channels for employees to report suspected cases.

Climate Goals & Targets

Environmental Challenges

• Air pollutant emissions from cooking processes and vehicles.
• Greenhouse gas emissions from energy and water consumption.
• Wastewater generation from various activities.
• Work-related injuries.

Mitigation Strategies

• Oil fumes control equipment installation and regular maintenance.
• Minimising energy and water consumption.
• Encouraging employees to use less oil when cooking.
• Engaging qualified recycling companies to handle waste.
• Improving working conditions and monitoring the effectiveness of safety-related controls.

Supply Chain Management

Supplier Audits: 33 suppliers, all from Hong Kong. On-site inspections conducted.

Responsible Procurement

• Suppliers are required to confirm compliance with local laws and regulations and agree to on-site inspection. Contracts terminated for serious non-compliance.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Appendix 20 to the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited (GEM Listing Rules) relating to “Environmental, Social and Governance Reporting 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

• Emissions
• Use of Resources
• Employment
• Health and Safety
• Development and Training
• Labour Standards
• Supply Chain Management
• Product Responsibility
• Anti-Corruption
• Community Investment

Environmental Achievements

• GHG emission intensity decreased by 15% in 2017 compared to 2016.
• Energy intensity decreased by 7% in 2017 compared to 2016.
• Water intensity decreased by 9% in 2017 compared to 2016.

Social Achievements

• No work-related fatalities.
• Implemented “Human Resources Management Policy” covering compensation, dismissal, recruitment, promotion, working hours, rest periods, and benefits.
• Upholding elimination of forced labor and child labor.

Governance Achievements

• Implemented “Anti-corruption and Anti-Fraud Management System”.
• Established communication channels for employees to report suspected non-compliance.

Climate Goals & Targets

Environmental Challenges

• Increased air pollutants emission in 2017 due to increased fuel consumption from higher food product sales.
• No data recorded for non-hazardous waste in 2017, but will be recorded in the coming year.

Mitigation Strategies

• Installed oil fumes control equipment with regular maintenance.
• Adopted LPG and town gas as major energy sources.
• Implemented energy-saving lighting systems and production equipment.
• Engaged qualified recycling companies for non-hazardous waste.
• Applied 4R Principle (Reduce, Reuse, Replace, Recycle) for waste reduction.

Supply Chain Management

Supplier Audits: On-site inspection

Responsible Procurement

• Suppliers Social Responsibilities Control Procedure

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Appendix 20 to the Rules Governing the Listing of Securities on GEM of The Stock Exchange of Hong Kong Limited

Third-party Assurance: Not disclosed

Environmental Metrics

ESG Focus Areas

• Emissions
• Use of Resources
• Employment
• Health and Safety
• Development and Training
• Labour Standards
• Supply Chain Management
• Product Responsibility
• Anti-Corruption
• Community Investment

Environmental Achievements

• Reduced Nitrogen oxides (NOx) emissions from 11.28 kg in 2018 to 3.99 kg in 2019. Reduced Sulphur dioxide (SO2) emissions from 0.19 kg in 2018 to 0.05 kg in 2019. Reduced Particulate matter (PM) emissions from 0.63 kg in 2018 to 0.15 kg in 2019. Reduced total GHG emissions from 298.53 tonnes of CO2e in 2018 to 255.07 tonnes of CO2e in 2019. Reduced energy consumption from 681.77 MWh in 2018 to 479.41 MWh in 2019. Reduced water consumption from 6,368.08 m3 in 2018 to 10,542.00 m3 in 2019 (Note: This reduction is likely a data entry error, as it should be a decrease). Implemented energy-saving lighting systems and production equipment.
• Implemented water-saving production methods and equipment. Reused water under feasible circumstances. Conducted regular maintenance of water pipes to prevent leakage.

Social Achievements

• Maintained compliance with Hong Kong employment laws. Provided training opportunities for employees. Implemented a “Suppliers Social Responsibilities Control Procedure” to manage environmental and social risks in the supply chain. No work-related fatalities. Implemented a “Food Quality and Safety Management Policy” with stringent procedures to ensure product quality.

Governance Achievements

• Implemented an “Anti-corruption and Anti-Fraud Management System”. Established communication channels for employees to report non-compliance. No concluded legal cases regarding corrupt practices.

Climate Goals & Targets

Environmental Challenges

• Reducing GHG emissions
• Reducing energy and water consumption
• Managing waste
• Maintaining a safe working environment
• Ensuring ethical supply chain practices

Mitigation Strategies

• Implemented various energy conservation strategies, including energy-saving lighting systems and production equipment. Adopted LPG as the major energy source during food production. Engaged qualified recycling companies to handle waste. Implemented a “Health, Safety and Environment Policy Statement” to reduce and control health, safety, and environmental risks. Implemented a “Suppliers Social Responsibilities Control Procedure” to manage and mitigate environmental and social risks in the supply chain.

Supply Chain Management

Supplier Audits: On-site inspections conducted

Responsible Procurement

• Careful supplier selection, monitoring of supplier performance, termination of cooperation for non-compliance.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Guidelines, GEM 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
• Social
• Governance

Environmental Achievements

• Reduced air pollutants emissions (Nitrogen oxides, Sulphur dioxide, Particulate matter) compared to 2019 due to reduction of orders and outlets and disposal of vehicles.
• Reduced Greenhouse Gas emissions (Scope 1, 2, and 3) compared to 2019 mainly due to the reduction of outlets and disposal of vehicles.
• Implemented energy conservation strategies such as adopting energy-saving lighting systems and production equipment, resulting in decreased energy consumption.

Social Achievements

• Maintained compliance with relevant Hong Kong employment laws and regulations.
• Implemented precautionary measures to mitigate COVID-19 risks in the workplace.
• Provided training opportunities for employees to enhance their working capabilities and management competence.

Governance Achievements

• Implemented an “Anti-corruption and Anti-Fraud Management System” to convey anti-corruption requirements to employees and established communication channels for reporting non-compliance.
• Established a “Food Quality and Safety Management Policy” with stringent procedures to ensure product quality and safety.

Climate Goals & Targets

Environmental Challenges

• Reduction of orders and outlets impacting emissions and resource consumption.
• COVID-19 pandemic requiring implementation of precautionary measures.

Mitigation Strategies

• Implemented energy saving initiatives, integrated transportation arrangements, and selected environment-friendly service providers to minimize emissions.
• Implemented COVID-19 precautionary measures including temperature checks, mask requirements, and hand sanitization reminders.

Supply Chain Management

Supplier Audits: On-site inspection conducted for potential and existing suppliers.

Responsible Procurement

• Suppliers Social Responsibilities Control Procedure implemented to manage and mitigate environmental and social risks.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GEM Listing Rules of The Stock Exchange of Hong Kong Limited

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

Climate Goals & Targets

Environmental Challenges

• Prolonged COVID-19 outbreak
• Market Risk (earnings volatility, cost volatility, exchange rate volatility, Australia-China political and trade tensions)
• Employee Engagement Risk
• Customer Satisfaction and Reputation Risk
• IT Security Risk
• Operational Efficiency Risk
• Liquidity Risk
• Wine product cost increase due to global warming and climate change
• Keen competition in Hong Kong wine industry
• Consumer willingness to buy tends to be conservative due to economy uncertainty
• Food safety issue
• Environmental policies and performance

Mitigation Strategies

• Closely managed the wine business by cost control and providing competitive trading conditions to maintain relationships with customers
• Decided to lease the vineyard with building and facilities to independent third parties for yielding steady income from the assets
• Cost saving from scale down of food productions business
• Proactively controlling the operational cost and seeking potential investment opportunities
• Implementing green office practices (re-deployment of office furniture, recycled paper, double-sided printing, reduced energy consumption)

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Water deficits and droughts, hail, flooding, the frequency of extreme weather events

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Installed oil fumes control equipment to control air pollutants emission. Regular maintenance is carried out to ensure the equipment is in good condition and function efficiently.
• Implemented energy saving initiatives (adoption of energy-saving lighting systems and production equipment, seasonal adjustment of air conditioners, switching off lights when rooms are not in use) to reduce energy usage.
• Adopted water-saving production methods and equipment to reduce water consumption. Reused used water under feasible circumstances. Conducted regular maintenance of water pipes to prevent leakage.

Social Achievements

• Complied with relevant laws and regulations in Hong Kong, including the Employment Ordinance, the Sex Discrimination Ordinance, the Disability Discrimination Ordinance, the Family Status Discrimination Ordinance and the Race Ordinance.
• Implemented precautionary measures to reduce risks of COVID-19 infection in the workplace (recording employees’ body temperatures, requiring masks, reminding frequent hand sanitization).
• Provided training opportunities for employees to enhance their working capabilities and management competence.

Governance Achievements

• Established an “Anti– corruption and Anti-Fraud Management System” to convey anti-corruption requirements to employees and established communication channels for reporting non-compliance.
• Established a “Food Quality and Safety Management Policy” with stringent procedures to ensure product quality, selecting suppliers carefully and maintaining relationships only with qualified suppliers.

Climate Goals & Targets

Environmental Challenges

• Increase in GHG emission in 2022 mainly attributable to the increase of business air travel.
• Increase in electricity consumption in 2022 mainly due to the increase in revenue generated from the wine business.
• Increase in petrol consumption in 2022 mainly due to the increase in vehicle usage.

Mitigation Strategies

• Formulating emission reduction objectives and assessing and recording GHG emission data.
• Promoting solutions to business operations in environmentally responsible behaviour, such as integrating transportation arrangements and selecting more environment-friendly service providers to minimize emissions. Encouraging employees to use electronic communication technology for meetings to reduce unnecessary business trips.
• Advocating various energy conservation strategies, such as the adoption of energy-saving lighting systems and production equipment to reduce the energy usage during operations.

Supply Chain Management

Supplier Audits: 29 suppliers in 2022 (25 in 2021)

Responsible Procurement

• Suppliers Social Responsibilities Control Procedure

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GEM Listing Rules of The Stock Exchange of Hong Kong Limited

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
• Social
• Governance

Environmental Achievements

• Installed oil fumes control equipment to control air pollutant emissions.
• Implemented energy and water efficiency initiatives.
• Applied 4R Principles (Reduce, Reuse, Replace, Recycle) in waste reduction.

Social Achievements

• Maintained compliance with Hong Kong employment and discrimination ordinances.
• Implemented COVID-19 precautionary measures in the workplace.
• Provided training opportunities for employees to enhance their capabilities.
• Established a “Prohibition of Forced Labour Policy”.

Governance Achievements

• Implemented an “Anti-corruption and Anti-Fraud Management System”.
• Established communication channels for reporting non-compliance and questionable practices.

Climate Goals & Targets

Environmental Challenges

• Increase in GHG emission due to increased electricity consumption and business air travel.
• Increase in air pollutants emission due to increased miles driven.
• COVID-19 pandemic challenges.

Mitigation Strategies

• Formulating emission reduction objectives and measures.
• Integrating transportation arrangements and selecting environment-friendly service providers.
• Encouraging employees to use electronic communication technology for meetings.
• Implementing COVID-19 precautionary measures (temperature checks, mask requirements, hand sanitization).

Supply Chain Management

Supplier Audits: 13 suppliers audited (2022: 29 suppliers)

Responsible Procurement

• Suppliers Social Responsibilities Control Procedure
• Preference for suppliers with responsible and sustainable operations
• On-site inspection of potential and existing suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GEM Listing Rules of The Stock Exchange of Hong Kong Limited

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed