Climate Change Data

Chinachem Group Holdings Limited

Climate Impact & Sustainability Data (2022-07 to 2023-06)

Reporting Period: 2022-07 to 2023-06

Environmental Metrics

Total Carbon Emissions:49,079.44 tCO2e/year
Scope 1 Emissions:1,293.63 tCO2e/year
Scope 2 Emissions:47,785.81 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:107,010.74 MWh/year
Water Consumption:521,021.79 m3/year
Waste Generated:23,969.42 tons/year
Carbon Intensity:0.057 tCO2e/m2

ESG Focus Areas

  • People
  • Prosperity
  • Planet

Environmental Achievements

  • 1,174 tonnes absolute Scope 1 and 2 GHG emission reduction
  • 23% Reduction in 2022's carbon intensity from a 2020 base year
  • 6.7% Reduction in water intensity
  • Hong Kong’s first zero-carbon chiller system at Nina Tower
  • 29 BEAM Plus / LEED / WELL Certifications obtained

Social Achievements

  • Launched Home² Youth Hostel Programme converting 100 hotel rooms into youth hostel spaces
  • Renovated Nina Park showcasing a wood fossil exhibition
  • Organised "One Beat, One World: Connecting Through the Drum" event engaging over 900 community members
  • 42% of managerial positions held by women
  • ~903 hours of volunteer services provided (112% increase compared to previous fiscal year)
  • >12 million HKD in donations

Governance Achievements

  • Established ESG Steering Committee and four ESG Sub-Committees
  • Established ESG Department
  • Updated various policies, procedures, and guidelines (Equal Opportunities, Inside Information, Information Security, Information Technology, Supplier Code of Conduct, Procurement Management Framework)
  • 79% achievement of annual sustainability commitments

Climate Goals & Targets

Long-term Goals:
  • Net-zero emissions by 2050
Medium-term Goals:
  • Reduce operational carbon intensity under Scope 1 and 2 by 51.8% by 2030 from a 2020 base year
  • Reduce Scope 3 carbon intensity by 20% by 2030 (from 2020 base year)
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Climate change (physical risks: extreme weather events; transition risks: market demands, technology, policies and regulations, reputation)
  • Supply chain disruptions
Mitigation Strategies
  • Developed tailored contingency arrangements to address extreme weather scenarios
  • Implemented CCG 3050+ roadmap to reduce carbon intensity by 51.8% by 2030 and Scope 3 carbon intensity by 20% by 2030 (from 2020 base year)
  • Secured more than 17.3 billion HKD of sustainable financing
  • Enhanced sustainable procurement guidelines
  • Supplier Code of Conduct

Supply Chain Management

Supplier Audits: 241 new suppliers screened using environmental criteria; 316 new suppliers screened using social criteria

Responsible Procurement
  • Sustainable Procurement Policy
  • Supplier Code of Conduct
  • Prioritization of suppliers with sustainability certifications

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
  • Rising temperatures
  • Rising sea levels
Transition Risks
  • Market demands for green buildings
  • Technological advancements
  • Policy and regulatory changes
  • Reputational risks
Opportunities
  • Development of energy-efficient products and services
  • Investment in renewable energy

Reporting Standards

Frameworks Used: GRI Standards, HKEX ESG Reporting Guide, TCFD recommendations, IFRS S2

Certifications: ISO 45001:2018

Third-party Assurance: Hong Kong Quality Assurance Agency (HKQAA)

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Zero-carbon chiller system
  • Sustainable building designs

Awards & Recognition

  • Best ESG Strategy - Bronze (Human Resources Online ESG Achievement Awards)
  • Special ESG Awards – Outstanding ESG Performer of the Year (Large Enterprise) - Diamond Award (The Institute of ESG & Benchmark FinTech Awards)
  • Many other awards listed in the report