Climate Change Data

Yunfeng Financial Group Limited

Climate Impact & Sustainability Data (2019)

Reporting Period: 2019

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:2,993,684 kWh
Water Consumption:521 m3
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Anti-corruption
  • Customer privacy
  • Employee health and safety
  • Resource consumption (energy, water, packaging)

Environmental Achievements

  • Progressively digitalising business operations (eFNA, online applications, electronic policy issue, online payment, ePolicy Services and claims)
  • Adopted in-rack cooling for server units at YF Life’s data centre for better thermal management, thus reducing overall energy consumption

Social Achievements

  • Launched YF Life Jr. Space Camp Program
  • Participated in Dress Casual Day and Love Teeth Day 2019
  • Silver sponsor of the “AVS Charity Run & Walk for Volunteering 2019”

Governance Achievements

  • Established a formal whistleblowing procedure
  • Established an AML policy with reference to the Insurance Authority’s Guideline on Anti-Money Laundering and Counter-Terrorist Financing
  • Standardised and systemised expenditures through the Regulations on Financial Expenditure Management

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Volatility of the financial market in 2020 (Coronavirus outbreak, low interest rate environment, crude oil price dispute, Sino-US trade tension, Brexit, social events in Hong Kong)
  • Cyber risks (data loss/theft, attrition/denial of service, supplier/third-party breach, improper usage, insider threat, malware/ransomware)
  • Operational risks (human error, internal process imperfections, information system faults, trading failures)
Mitigation Strategies
  • Careful response to challenges
  • Periodic monitoring of cyber risks, no major incidents reported
  • Significant investment in technology, human resources, automated processes, business continuity plans, disaster recovery, dedicated IT team
  • Proactive monitoring and improvement of internal control mechanisms, limits on authority, reporting of operational processes, strengthening inspection and audit, intensifying compliance and accountability system

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Consideration of price, capability, credential, local support, synergy with other services

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Appendix 27 of the Rules Governing the Listing of Securities on 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