Climate Change Data

Environmental Metrics

ESG Focus Areas

• Emissions
• Energy consumption
• Waste management
• Climate change
• Quality of services
• Occupational health and safety
• Anti-corruption

Environmental Achievements

• Reduced non-hazardous waste intensity by 3% in 2022/23
• Acquired several durable earth-friendly machineries and replaced broken vehicles with lower fuel consumption and better fuel efficiency

Social Achievements

• Reduced full-time employee turnover rate to 19% (from 41% in 2021/22)
• Implemented a performance appraisal system with appropriate incentives
• Provided comprehensive on-the-job training to new recruits
• Conducted anti-corruption training for senior management

Governance Achievements

• Established an Environmental Management System in conformance with ISO 14001:2015
• Adopted a whistleblowing policy
• Adopted an anti-corruption policy

Climate Goals & Targets

Environmental Challenges

• Intense competition in the construction industry
• Uncertainty in the Hong Kong economy
• Changes in existing laws, regulations and HKSAR Government policies
• Potential climate change risks that can disrupt business operations
• Weather-related events such as storms, floods, and high temperatures

Mitigation Strategies

• Implementing tight cost control measures
• Improving workflow efficiency
• Strengthening project management
• Acquiring environmental-friendly machineries
• Formulating policies to mitigate adverse impacts arising from climate change issues
• Developing relevant policies to identify and mitigate adverse impacts arising from climate change issues

Supply Chain Management

Supplier Audits: Regular basis

Responsible Procurement

• Evaluating suppliers based on compliance with environmental, social and safety requirements, pricing, reliability and quality of work

Climate-Related Risks & Opportunities

Physical Risks

• Storms
• Floods
• High temperatures

Transition Risks

• Altered customer behavior
• Pertinent laws and regulations

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Appendix 27 to the Rules Governing the Listing of Securities on the Main Board set by The Stock Exchange of Hong Kong Limited

Certifications: ISO 14001:2015, ISO 45001:2018, 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

Environmental Metrics

ESG Focus Areas

• Environmental Protection
• Workforce Development
• Operating Practices
• Climate Change
• Occupational Health and Safety
• Employee Recruitment and Retention
• Employment Rights and Benefits
• Quality of Services
• Anti-corruption

Environmental Achievements

• Reduced Scope 1 GHG emissions through the use of ultra-low-sulfur diesel and better fuel efficiency.
• Reduced Scope 2 emissions due to reduced electricity usage at one of our warehouses.
• Achieved target of reducing total emission intensity by 2-3%.

Social Achievements

• Implemented a performance appraisal system with appropriate incentives to motivate and reward employees.
• Provided appropriate on-the-job training and development opportunities.
• Maintained a good relationship with employees, customers and suppliers.
• Reduced employee turnover rate from 19% to 11%.

Governance Achievements

• Maintained a high standard of corporate governance.
• Complied with the code provisions set out in the Corporate Governance Code and Corporate Governance Report (the “CG Code”), except for code provision C.2.1.
• Appointed Ms. Chau Man Chun as an Executive Director.

Climate Goals & Targets

Environmental Challenges

• Intense market competition reducing profit ratio of projects.
• Hong Kong’s sluggish economy.
• Uncertainty in the Hong Kong economy.
• Severe competition in the foundation and site formation market.
• Changes in existing laws, regulations and HKSAR Government policies.
• Potential market risks stemming from altered consumer and customer behavior.
• Extreme weather events (typhoons, rainstorms, floods).
• Increasing temperatures leading to heat stress among workers.
• Changes in environment-related regulations increasing operating costs.

Mitigation Strategies

• Implementing tight cost control measures on existing projects.
• Improving the efficiency of workflow throughout the construction process.
• Strengthening the effectiveness of project management.
• Ensuring the health and safety of its employees.
• Acquiring environmental-friendly machineries to replace old ones.
• Implementing heat stress management programs, providing worker training on heat safety, adjusting work schedules, and incorporating heat-resilient materials.
• Staying abreast of changes in environmental regulations and implementing proactive measures to ensure compliance.

Supply Chain Management

Supplier Audits: Regular reviews conducted frequently.

Responsible Procurement

• Evaluating suppliers based on compliance with environmental, social, and safety requirements, pricing, reliability, and quality of work.
• Prioritizing suppliers with environmental or social accreditation.
• Incorporating environmental and social requirements into contracts.

Climate-Related Risks & Opportunities

Physical Risks

• Weather-related events (typhoons, rainstorms, floods)
• Increasing temperatures leading to heat stress among workers

Transition Risks

• Changes in environment-related regulations increasing operating costs
• Altered consumer and customer behavior

Reporting Standards

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

Certifications: ISO 14001:2015, ISO 45001:2018, ISO 9001:2015