Climate Change Data

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• drop in travel media business results
• moderate growth in market demand
• intensifying competition
• slowdown in offline trade
• unsatisfactory performance of securities investment

Mitigation Strategies

• careful cost management
• closely monitor the business environment in the financial magazine niche market and strive to achieve increasing results
• more conscious on the selection of securities with concrete growth potential
• sharpen its strategies and modify its business objectives in order to adapt to the ever-changing environment

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Anti-corruption
• Employment
• Health and safety
• Development and training

Environmental Achievements

• Reduced water consumption by 27% compared to 2019
• Reduced total GHG emissions to 33.9 tonnes of CO2-equivalent (2019: 65.3 tonnes of CO2-e)

Social Achievements

• Organized 264 hours of training for 16 staff members (34% of total employees)
• No work-related fatal accidents and injuries during the Reporting Period

Governance Achievements

• Full compliance with the applicable code provisions in the Corporate Governance Code and Corporate Governance Report

Climate Goals & Targets

Environmental Challenges

• Significant decrease in revenue from travel media business due to COVID-19 pandemic and related restrictions
• Impairment losses on account receivables

Mitigation Strategies

• Implemented cost-cutting measures to mitigate the negative impact from the COVID-19 pandemic
• Actively seeking business opportunities for virtual reality businesses
• Introduced new revenue sources from publishing and virtual events
• Effective cost management
• Government funding

Supply Chain Management

Responsible Procurement

• Integrate social responsibility into purchasing decisions
• Assess suppliers on environmental and social responsibilities
• Procure sustainable materials from local suppliers whenever possible

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GEM Listing Rules Appendix 20

Environmental Metrics

ESG Focus Areas

• Employee welfare
• Inclusion and equal opportunities
• Talent attraction and retention
• Occupational health and safety
• Training and development

Environmental Achievements

• Reduced total energy consumption to approximately 52.3 MWh-equivalent (2020: 56.7 MWh-equivalent, 2019: 61.3 MWh-equivalent)
• Reduced total water consumption to approximately 5 cubic meters (2020: 32 m3), which is 84% less than 2020

Social Achievements

• Sponsored and organized a total of 135 hours of training for 5 staff members (2020: 264 hours, 2019: 64 hours)
• Maintained a safe working environment with no work-related fatal accidents and injuries in 2019, 2020, and 2021

Governance Achievements

• Full compliance with the applicable code provisions in the Corporate Governance Code and Corporate Governance Report

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic and protracted social distancing restrictions negatively impacted business operations, particularly the travel media business
• Uncertainty regarding the end of the COVID-19 pandemic and its impact on the global economy

Mitigation Strategies

• Strengthened operational capabilities and overall competitiveness for customer retention
• Grasped opportunities in media services in Hong Kong
• Implemented cost-cutting measures and introduced new revenue sources
• Sharpened strategies and carefully monitored the external environment and internal resources

Supply Chain Management

Responsible Procurement

• Purchase Policy integrating social responsibility into purchasing decisions
• Strict protocol for hiring, screening candidates in accordance with minimum age requirements
• Prioritizing suppliers who hire disabled persons

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Changes in laws and regulations due to climate change

Reporting Standards

Frameworks Used: GEM Listing Rules Appendix 20