COSCO CAPITAL, INC.
Climate Impact & Sustainability Data (2021, 2022)
Reporting Period: 2021
Environmental Metrics
Governance Achievements
- Adopted a Revised Manual on Corporate Governance in May 2017.
- Conducted annual corporate governance training for directors and officers (before the pandemic).
Climate Goals & Targets
Environmental Challenges
- Market risk (competition, supply, credit, pricing)
- Regulation and compliance risk
- Environmental risk (climate change, oil exploration)
Mitigation Strategies
- Market research to maximize market coverage and penetrate targeted customers
- Regular monitoring of inventories
- Credit and collection policy
- Continuous expansion and revenue growth
- Monitoring issuances/protocols from regulating bodies
- Careful site selection for real estate
- Compliance with environmental legislation
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Flooding, erosion, other unforeseen calamities
Reporting Period: 2022
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Market risk (competition, supply shortage and disruption, price volatility, credit risk, pricing risk)
- Regulation and compliance risk (changes in policies or regulations, lapse of approval from regulatory authorities)
- Environmental risk (climate change effects on real estate, environmental risks and hazards in oil exploration and development)
Mitigation Strategies
- Market research to locate areas to maximize market coverage and penetrate its targeted customers; dealing with many suppliers; maintaining a credit and collection policy; continuous expansion and revenue growth; developing better competitive pricing strategies; carefully selecting real estate sites; monitoring the validity period of licenses and permits; complying with governmental regulations; constant communication with authorities; updating itself with new laws and regulations.
Supply Chain Management
Responsible Procurement
- Puregold selects its suppliers using several criteria, including product assortment and quality, market share of the company in a particular supplier's location, brand reputation, supplier's capacity, business plans and budgets, logistic possibilities, and compliance with Puregold's economic principles.
Climate-Related Risks & Opportunities
Physical Risks
- flooding, erosion, and other unforeseen calamities