Climate Change Data

Environmental Metrics

ESG Focus Areas

• Corporate Governance
• Employee Well-being
• Community Investment
• Environmental Protection
• Supply Chain Management
• Product Quality
• Anti-Corruption

Environmental Achievements

• Achieved interim targets for GHG intensity and electricity consumption reduction in 2023.
• Implemented various environmental protection measures to improve energy efficiency and reduce waste (go paperless, minimize energy use, green travel, office plants, eliminate disposable cups, use LED lights).

Social Achievements

• Maintained a low employee turnover rate of 0.22% in 2023 (2022: 0.62%).
• Provided training programs for employees, including orientation, on-the-job training, and external courses.
• Emphasized equal opportunities and anti-discrimination in recruitment and promotion.
• Established work safety policies and operating procedures to ensure compliance with applicable laws and regulations.
• No work-related fatalities or significant work injuries reported in 2023, 2022, and 2021.

Governance Achievements

• Formulated an ESG policy governing business and operational decisions, considering economic, environmental, and social implications.
• Implemented a supplier evaluation system and maintained a list of qualified suppliers.
• Established a Supplier Code of Conduct covering legal compliance, business ethics, anti-bribery, anti-corruption, human and labor rights, occupational health and safety, product safety and quality, environment, and data privacy and security.
• Formulated a Code of Conduct setting out basic conduct standards for all directors and staff, and policies on handling conflicts of interest.
• Established a whistle-blowing policy to report grievances, misconducts, or violations.
• Organized anti-bribery and anti-corruption training for all directors and 35 staff.

Climate Goals & Targets

Environmental Challenges

• Climate change risks including transition risks (policy and legal changes, market and technology shifts) and physical risks (extreme weather events, rising temperatures, sea levels).
• Potential impacts of climate change on operating costs, asset impairment, demand for products, and reputational risks.

Mitigation Strategies

• Prioritizing actions to address climate change, including energy saving, GHG emission reduction, and supporting the transition to a cleaner business structure.
• Actively identifying climate change risks and opportunities.
• Implementing various environmental protection measures to improve energy efficiency and reduce waste.

Supply Chain Management

Supplier Audits: 180 qualified suppliers in 2023

Responsible Procurement

• Supplier evaluation system based on industrial ranking, credibility, product quality, market share, pricing, and customer requests.
• Supplier Code of Conduct mandating adherence to requirements in various areas (legal compliance, business ethics, anti-bribery, etc.).

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (typhoons, floods)
• Rising mean temperatures
• Rising sea levels

Transition Risks

• Increased GHG emission pricing
• Enhanced emissions reporting obligations
• Regulations on existing products and services
• Substitution of existing products with lower emission options
• Unsuccessful investment in new technologies
• Changing customer behavior

Opportunities

• Move to more efficient buildings
• Reduced water usage
• Use of lower-emission energy sources
• Development of new services
• Increased demand for lower emissions services

Reporting Standards

Frameworks Used: ESG Reporting Guide (Appendix C2 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited)

Certifications: ISO 9001:2015

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed