Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced electricity usage through various energy efficiency initiatives.
• Minimized waste through recycling and a 'first-in, first-out' stock approach.
• Implemented control procedures to ensure suppliers comply with fishing moratoria and trawling restrictions.

Social Achievements

• Participated in volunteer services and awarded the 2021/2022 Caring Company Logo.
• Implemented precautionary measures in the workplace to minimize COVID-19 transmission.
• Provided various types of trainings to employees.

Governance Achievements

• Established an audit committee, remuneration committee, and nomination committee.
• Complied with the Model Code for dealing in securities.
• Adopted a board diversity policy.

Climate Goals & Targets

Environmental Challenges

• Weakened economy in Hong Kong caused by uncertainties due to the continuous outbreak of COVID-19.
• Operating pressures for the food service industry due to limited travelers and dining restrictions.

Mitigation Strategies

• Strengthened cost savings initiatives.
• Closely monitored the impact of COVID-19 on operations and financial performance.
• Maintained business relationships with existing suppliers and customers, and explored potential opportunities with new ones.

Supply Chain Management

Responsible Procurement

• Checks on suppliers' compliance with fishing moratoria and trawling restrictions.
• Obtaining legal catch certificates and/or fishing licenses and/or certificates of origin from suppliers.

Climate-Related Risks & Opportunities

Awards & Recognition

• 2021/2022 Caring Company Logo

Environmental Metrics

ESG Focus Areas

• Product safety and quality control
• Supply chain management
• Occupational health and safety
• Staff development and training
• Community investment

Environmental Achievements

• Reduced total GHG emissions to 3,648.02 tons in 2024 (includes Scope 1, 2, and 3 emissions).
• Reduced non-hazardous waste produced to 309.4 kg in 2024 (18.2 kg per employee).

Social Achievements

• Participated in volunteer services and awarded the 2023/2024 Caring Company Logo.
• Provided various types of trainings to employees, with 41.2% of employees participating in training during the reporting period.

Governance Achievements

• Established a food safety committee in accordance with HACCP and ISO 9001 requirements.
• Implemented anti-corruption policies and provided anti-corruption training to directors and key staff.

Climate Goals & Targets

Environmental Challenges

• Decreased revenue and net profit due to weakened retail market and Hong Kong people traveling to other Greater Bay Area cities.
• Sluggish economy in Hong Kong and weakened retail market.
• Stringent climate legislation and regulations.
• Potential disruptions to business operations due to extreme weather events.

Mitigation Strategies

• Closely monitoring market conditions and strengthening cost savings initiatives.
• Pursuing additional exclusive agency or sale agency arrangements with suppliers to enrich product portfolio and maintain competitiveness.
• Regularly reviewing risks of business interruption relating to extreme weather and developing countermeasures.
• Regularly monitoring existing and emerging trends, policies, and regulations relevant to climate change.

Supply Chain Management

Responsible Procurement

• The Group generally considers the portfolio of products, pricing, and quality of products when selecting suppliers. They also consider suppliers' efforts to minimize negative environmental and social impacts.

Climate-Related Risks & Opportunities

Physical Risks

• Disruptions to business operations due to extreme weather events (typhoons, storms, floods).

Transition Risks

• More stringent climate legislation and regulations.
• Increased capital investment and compliance costs.

Awards & Recognition

• 2023/2024 Caring Company Logo