Climate Change Data

Lever Style Corporation

Climate Impact & Sustainability Data (2016-12 to 2019-04, 2023)

Reporting Period: 2016-12 to 2019-04

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

  • Sino-U.S. trade war
  • Rising labour costs in China
  • Geopolitical risks
Mitigation Strategies
  • Multi-jurisdiction contract manufacturer network across Vietnam, Cambodia and Indonesia
  • Customers' adaptability to contract manufacturers based in countries other than China
  • Gradual phasing out of China contract manufacturers by customers

Supply Chain Management

Responsible Procurement
  • Stringent control on suppliers
  • Social responsibility requirements

Climate-Related Risks & Opportunities

Awards & Recognition

  • Supplier of the year by Customer F in 2016

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:1477.1 tonnes CO2e
Scope 1 Emissions:0 tonnes CO2e
Scope 2 Emissions:2332.4 tonnes CO2e
Scope 3 Emissions:3144.7 tonnes CO2e
Renewable Energy Share:Not disclosed
Total Energy Consumption:630.5 MWh
Water Consumption:3,372 m3
Waste Generated:1114.2 tonnes (non-hazardous), 21.0 kg (hazardous)
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental Compliance
  • Waste Management
  • Prevention of Child Labour and Forced Labour
  • Operational Compliance
  • Managing Environmental Risks of Supply Chain
  • Managing Social Risks of Supply Chain
  • Information Security
  • Customer Privacy Protection
  • Anti-corruption

Environmental Achievements

  • Received the prestigious B Corp Certification
  • Earned a B grade for CDP

Social Achievements

  • Established a dedicated ESG Committee
  • Initiated ‘Sponsor Poor Student’ program donating RMB12,000
  • Supported the HERhealth project in Vietnam since 2019

Governance Achievements

  • Established a dedicated ESG Committee

Climate Goals & Targets

Long-term Goals:
  • Achieving “Net Zero” emissions
Medium-term Goals:
  • Diverting energy source from fossil fuels to renewable energy; improve energy efficiency through process optimization
Short-term Goals:
  • Exploring potential means to offset carbon emissions

Environmental Challenges

  • Supply chain disruption and post-COVID inventory glut suppressed buying appetite in 2023
  • Soft global demand in 2024
  • High interest rates and wobbly global economy slowing consumer demand
Mitigation Strategies
  • Maintaining high customer service, short lead times, and high-mix-low-volume solutions
  • Turning to mergers and acquisitions as a key source of growth
  • Investing in digitalization and platformization to improve cost and agility

Supply Chain Management

Supplier Audits: Annual supplier evaluation

Responsible Procurement
  • Suppliers should have established a written policy regulating employee conduct; provide a transparent report on ESG risks and mitigation measures
  • Prioritising suppliers conforming with GOTS, GRS, RDS, OCS, RWS and Recycled Claimed Standard

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events hindering operations
Transition Risks
  • Shifting consumer preferences due to climate change; enhanced emissions reporting obligations and additional regulations
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Appendix C2 of the Rules Governing the Listing of Securities issued by the Stock Exchange of Hong Kong Limited

Certifications: B Corp Certification, ISO14064-1:2018 Greenhouse Gas Verification, Science-Based Targets initiative (SBTi)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Using natural dyes derived from plants and fruit

Awards & Recognition

  • EY (Ernst & Young) Entrepreneur of the Year China 2018 award
  • 2009 Young Industrialist Award of Hong Kong