Qingdao Holdings International Limited
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:125.44 tCO2e/year
Scope 1 Emissions:9.79 tCO2e/year
Scope 2 Emissions:85.39 tCO2e/year
Total Energy Consumption:115,085.10 kWh/year
Water Consumption:933 tonnes/year
Waste Generated:6.22 tons/year (paper)
Carbon Intensity:0.023 tCO2e/m2
ESG Focus Areas
- Carbon neutrality
- Sustainable operations
- Sustainable supply chain
- Advocacy and leadership
- Enhanced working conditions, education and training
- Equal, diverse and inclusive culture
- Human rights protection
- Positive contribution in communities
- Strong governance
- ESG embedded across management structures, processes, and policies
Environmental Achievements
- Reduced paper and printed matters consumption through various measures including duplex printing, use of recycled papers and reusable products, promoting a paperless office, and document digitalization.
- No environmental protection law violations reported.
Social Achievements
- Organized 3 employees to participate in Coastal Cleanup at Lamma Island Beach.
- No reported incident of noncompliance with laws and regulations relating to employment practices.
- Provided 8 hours of training to management on prosecuting measures for overseas employees’ dereliction of duty.
Governance Achievements
- Established three Board committees: Audit Committee, Remuneration Committee, and Nomination Committee.
- Adopted the Model Code for Securities Transactions by Directors of Listed Issuers.
- Adopted the revised Board Diversity Policy and Shareholders Communication Policy.
Climate Goals & Targets
Long-term Goals:
- Carbon neutrality
Environmental Challenges
- Substantial decrease in fair value of investment properties, particularly in the PRC, due to unfavorable property market conditions.
- Significant decrease in rental income from PRC properties.
- High vacancy rate of office buildings in Mainland China.
- Defaulted loan from a joint venture.
Mitigation Strategies
- Signed a new long-term lease contract for office buildings in the PRC.
- Transferred the defaulted loan to a connected person of the Company to reduce operating risks.
- QCIG issued a letter of financial support to the Group.
- Using proceeds from loan transfer to repay part of shareholders’ loans and improve gearing ratio.
Supply Chain Management
Supplier Audits: 74 suppliers reviewed periodically
Responsible Procurement
- Strict selection process based on quality, price, delivery date, reputation, and financial reliability.
- Supplier assessment based on ethical and responsible business practices, including prohibition of child and forced labor, excessive hazardous waste and illegal emissions, environmental non-compliance, and corruption and money laundering.
Climate-Related Risks & Opportunities
Physical Risks
- Extreme precipitation
- Typhoons
- Flood
- Heat waves
- Thunderstorms
- Sea level rise
Transition Risks
- Enhanced emissions-reporting obligations
- Mandates and regulations of existing products and services
- Substitution of existing products and services with lower emissions options
Reporting Standards
Frameworks Used: Appendix C2 to the Listing Rules