Jenscare Scientific Co., Ltd. (寧波健世科技股份有限公司)
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:1270.5 tCO2e/year
Scope 1 Emissions:23.4 tCO2e/year
Scope 2 Emissions:1247.1 tCO2e/year
Total Energy Consumption:1.55 million kWh/year
Water Consumption:12,000 m3/year
Waste Generated:0.2 tons/year
ESG Focus Areas
- Environmental Protection
- Employee Well-being
- Supply Chain Management
- Intellectual Property
- Anti-corruption
Environmental Achievements
- Implemented energy saving and emission reduction measures, using energy-saving equipment, and enhancing the recycle of waste parts of equipment.
- Reduced exhaust gas emissions to approximately 62.7 kg, with an emission intensity of approximately 0.2 kg/person.
- Reduced greenhouse gas emissions to approximately 1,270.5 tonnes of carbon dioxide equivalent, with an emission intensity of approximately 4,351.0 kg of carbon dioxide equivalent/person.
Social Achievements
- Established a fair and transparent performance management system.
- Provided various benefits and allowances to its employees, including paid holidays, supplementary medical insurance, long service awards, accommodation and transportation subsidies, meal subsidies, high temperature subsidies and preferential rental flats.
- Implemented a system for approving applications for overtime work, under which employees are required to submit applications for overtime work in advance for approval by their supervisors.
- Provided annual health check-ups for its employees and established employee health records.
Governance Achievements
- Established a comprehensive supplier management system.
- Established a sound quality management system.
- Established the Product Recall Management System.
- Established the Intellectual Property Management System and a comprehensive “Intellectual Property Reward System”.
- Implemented strict information security control processes and formulated the “Company Confidentiality Management System”.
- Provided anti-corruption and anti-commercial bribery training to the Group’s board of directors and staff.
Climate Goals & Targets
Medium-term Goals:
- Expand manufacturing capacity to approximately 10,000 sets by the end of 2024.
Short-term Goals:
- Reduce electricity consumption by 10%, water consumption by 5%, and gasoline consumption by 10% by 2023.
- Reduce office energy consumption and per capita energy consumption by more than 10% by 2023.
Environmental Challenges
- Extreme weather events impacting operations.
- Intense competition in the medical device business.
- Extensive government regulations impacting product development and commercialization.
- Potential product liability claims.
Mitigation Strategies
- Strengthening energy consumption management and implementing energy saving and emission reduction measures.
- Building a professional and efficient commercialized team.
- Complying with relevant laws and regulations.
- Establishing a comprehensive production safety management system and a standardized management system.
- Establishing a sound quality management system and product recall procedures.
Supply Chain Management
Supplier Audits: 699 suppliers audited in 2022
Responsible Procurement
- Stringent selection process for suppliers.
- Grading suppliers according to the impact of the purchased materials on the final products.
- Conducting documentary and on-site audits on their production conditions, relevant qualification certificates and operational capabilities.
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events (heavy rainfall, typhoons, natural disasters)
Reporting Standards
Frameworks Used: Appendix 27 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, TCFD
Certifications: ISO14001, ISO45001
Third-party Assurance: Ernst & Young
Awards & Recognition
- Top10 Innovative Listed Companies in China’s Health Industry 2022
- Top100 Most Innovative Medical Technology Products 2022
- Most Popular IPO Company
- Most Valuable IPO of the Year
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:1346.1 tCO2e/year
Scope 1 Emissions:51.8 tCO2e/year
Scope 2 Emissions:1294.2 tCO2e/year
Total Energy Consumption:1.61 million kWh/year
Water Consumption:10499.3 m3/year
Waste Generated:4.3 tons (office paper) + 0.3 tons (packaging) + 6.5 kg (batteries)/year
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Reduced waste dry batteries discharge by strengthening recycling.
- Reduced waste office paper discharge by improving management.
Social Achievements
- Revised Employee Handbook to better protect employee rights.
- Established a complaint reporting mechanism for employees.
- Provided annual health check-ups for employees.
- Organized regular work safety trainings for employees.
- Developed a year-round training plan for employee development.
- Established a workplace mentor system for new employees.
- Established “Jenscare Academy” to enhance product knowledge for business personnel.
Governance Achievements
- Complied with all applicable code provisions of the CG Code except for the separation of Chairman and CEO roles.
- Implemented a set of effective procedures for the appointment of new Directors.
- Adopted a diversity policy to enhance the effectiveness of the Board.
- Established the Audit Committee, Remuneration and Appraisal Committee, Nomination Committee and Strategy Committee.
- Adopted the Model Code as guidelines for Directors’ and Supervisors’ dealings in securities.
- Established a whistleblowing policy and a system for employees to raise concerns.
Climate Goals & Targets
Long-term Goals:
- Become a global leader in innovative solutions for structural heart diseases.
Short-term Goals:
- Achieve 3% saving in electricity consumption, 3% saving in water consumption and 5% saving in fuel consumption in 2024.
Environmental Challenges
- NMPA did not approve the registration application of LuX-Valve.
- Significant operating losses since inception.
- Need for additional financing to fund operations.
- Fierce competition in the medical device business.
- Challenges in international expansion.
Mitigation Strategies
- Continue to pursue the commercialization of the LuX-Valve series of products.
- Explore global business development cooperation and partnership.
- Further optimize the Company’s product pipeline, strategically concentrate its resources on key core products, and accelerate the Company’s global commercialization process.
- Implement risk management systems with relevant policies and procedures.
- Strengthen supply guarantee capability and production continuity under climate change.
Supply Chain Management
Supplier Audits: 406 suppliers, all implemented management practices in 2023
Responsible Procurement
- Stringent screening process for supplier selection.
- Annual review of suppliers based on performance.
Climate-Related Risks & Opportunities
Awards & Recognition
- Best-Performing Public Companies of 2023 Future Healthcare VB100
- Best Performing Strategic Layout Cases of 2023 China-Go-Global Medical Device
- 2023 Golden Kirin of Sina Finance – Most Growing Hong Kong Pharmaceutical Company
- Most Valuable Pharmaceutical and Medical Company
- 2023 Outstanding IR Team