Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• No known non-compliance with relevant laws and regulations relating to air and greenhouse gas emissions, discharges into water and land, generation of hazardous and non-hazardous wastes.
• Actively participates in recycling schemes.

Social Achievements

• No work-related fatalities or sick leave for work injury.
• Provided 17 hours of meetings and training, average training hour per employee was 8.7 hours.
• Nil non-compliance cases in relation to the violation of relevant child labour and forced labour laws.

Governance Achievements

• Established an Audit Committee, Remuneration Committee, Nomination Committee, Credit Committee, Executive Committee, Compliance and Risk Steering Committee and Strategy Management Committee.
• Complied with the code provisions as set out in the Corporate Governance Code contained in Appendix 14 to the Listing Rules throughout year ended 31 March, 2020, except for the service term of directors.

Climate Goals & Targets

Environmental Challenges

• Volatile market environment due to COVID-19 pandemic outbreak.
• Significant decrease in fair value of investment properties.

Mitigation Strategies

• Maintained a cautious approach in extending loans to clients and offering attractive money lending package to new customers.
• Offered rental concession to tenants to alleviate financial burden.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Procurement decision is based on price, reputation, track record of high corporate standards, expertise, capacity, creditability, business stability and product/service quality.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Established relevant emission reduction and energy-saving initiatives to manage the emission and maintain green operations.
• Aims to reduce or maintain the current GHG emissions at a stable level in the next 3 years.

Social Achievements

• Provides a well-structured and caring working environment to raise employees’ sense of belonging and work efficiency.
• No work-related fatal or injury for the past three years.

Governance Achievements

• Established seven board committees, including Audit Committee, Remuneration Committee, Nomination Committee, Credit Committee, Executive Committee, Compliance and Risk Steering Committee and Strategy Management Committee.
• Complied with the code provisions as set out in the Corporate Governance Code contained in Appendix 14 to the Listing Rules.

Climate Goals & Targets

Environmental Challenges

• Economic downturn in Hong Kong, Macau and globally.
• COVID-19 pandemic and its variants.
• Geopolitical uncertainties (Ukraine conflict, US-China relations).

Mitigation Strategies

• Implemented a more prudent treasury control approach in evaluating and controlling clients’ loan recoverability.
• Preserving financial resources and leveraging on increasing the proportion of portfolio towards value-based clients.
• Regularly review and adjust business strategies.

Supply Chain Management

Responsible Procurement

• Criteria such as price, reputation, track record of high corporate standards, expertise, capacity, creditability, business stability and product/service quality.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather (rainstorms, typhoons)
• Damage to building foundations, utility cables, risk of rain penetration.
• Risk of operational failure.
• Tree failure, dangers to employee safety.

Transition Risks

• Changes in laws and regulations for higher ESG-related disclosure requirements.

Reporting Standards

Frameworks Used: Appendix 27 of the Main Board Listing Rules

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced GHG emissions from 104.1 tonnes of CO2-e in 2022 to 88.6 tonnes of CO2-e in 2024.
• Reduced non-hazardous waste from 1.75 tonnes in 2022 to 1.48 tonnes in 2024.

Social Achievements

• Maintained employee turnover rate at 10%, in line with market norm.
• No work-related fatalities or injuries for the past three years.

Governance Achievements

• Established seven board committees to strengthen functions and enhance expertise.
• Complied with the code provisions as set out in the CG Code, except for deviation from code provision C.3.3.

Climate Goals & Targets

Environmental Challenges

• Global economic slowdown, persistently high interest rates, and reduced external demand impacting Hong Kong's merchandise trade.
• Geopolitical tensions and economic and trade sanctions impacting Mainland China and Hong Kong's trade.
• Shift of manufacturing industries from Mainland China to Southeast Asia reshaping global supply chain, adversely affecting Hong Kong's foreign trade.
• US Federal Reserve's interest rate hike affecting Hong Kong market liquidity.
• Potential for further US sanctions against Hong Kong.

Mitigation Strategies

• Implemented a more prudent treasury control approach in evaluating and controlling clients’ loan recoverability.
• Adopted a prudent investment policy to seize attractive opportunities in the market.
• Leveraged strong market analysis capabilities, optimized diversification and flexibility, and adopted prudent risk control strategies.

Supply Chain Management

Responsible Procurement

• Criteria for procurement based on price, reputation, track record, expertise, capacity, creditability, business stability, and product/service quality.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather (rainstorms, typhoons) causing building damage, utility cable damage, rain penetration, operational failure, and employee safety risks.
• Unstable network causing risks to principal business activities.

Transition Risks

• Changes in laws and regulations requiring higher ESG-related disclosure, leading to higher compliance costs and risks.
• Shift in client preference to more environmentally friendly service providers, resulting in potential revenue loss.

Reporting Standards

Frameworks Used: ESG Guide