Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Implemented initiatives to increase energy efficiency, including using LED spotlights and T5 fluorescent tubes, timers and automatic shut-off for outdoor lighting, and regular cleaning of air-conditioning units.
• Reduced data center electricity consumption by around 12% year-on-year by replacing aged computer hardware with green-design devices.
• Collected waste paper, used printing plates, and waste ink for recycling.

Social Achievements

• Maintained a safe and healthy workplace with an Occupational Health and Safety Management System.
• Provided training to 997 employees (87.3% of full-time employees) totaling 31,141 hours.
• Implemented a “No Child Labour and No Forced Labour” policy.
• Completed expansion works at Tseung Kwan O premises with environmentally-friendly considerations (reusing pilings, using sustainable materials, energy-efficient design).

Governance Achievements

• Ensured business operations adhere to the highest standards of ethical conduct and professional competence, complying with the Prevention of Bribery Ordinance.

Climate Goals & Targets

Environmental Challenges

• Emissions from outsourced magazine printing lacked data.
• Employee turnover rate was 27.8%.

Mitigation Strategies

• Implemented energy-saving initiatives to control or reduce emissions.
• No specific mitigation strategies mentioned for employee turnover.

Supply Chain Management

Supplier Audits: Top 10 suppliers accounted for 50% of total purchases; senior management visited suppliers accounting for 20% or more of total consumption to assess social and environmental aspects.

Responsible Procurement

• Sourcing materials from sustainable sources managed by environmentally reputable suppliers; geographically diversified suppliers.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Environmental, Social and Governance Reporting Guide (ESG Guide) of the Stock Exchange of Hong Kong Limited

Certifications: ISO 14000 and 14001 (Ink suppliers), ISO 9000 and 9001 (Ink suppliers)

Third-party Assurance: Not disclosed

Awards & Recognition

• Gold Award for donation in kind (Hong Kong Red Cross)
• Generous Giving Angel Award (Hong Kong Society for the Blind)
• Long-term Giving Award (Hong Kong Society for the Blind)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Implemented a self-developed automated e-Photo system, significantly reducing physical printing of photos and increasing workflow efficiency.
• Deployed "Virtual Patching" solution to avoid the need for replacement of a large quantity of desktop computers arising from Microsoft Windows 10 upgrade.
• Used LED spotlights and T5 fluorescent tubes to replace traditional lamps at the production premises, using timers and automatic shut-off for outdoor lighting systems, and regular cleaning of the air-conditioning units and chiller plants to maximise their efficiency and reduce energy loss.
• Waste paper, used printing plates and waste ink generated by printing operations are collected by reputable recycling companies.

Social Achievements

• Maintained a pool of human resources according to different businesses’ manpower requirements and planning.
• Transferred or promoted well-performing employees to fill vacancies.
• Offered remuneration packages to staff taking into account their performance, contribution and the level of responsibility/empowerment pertinent to the specific jobs.
• Offered a comprehensive range of employee benefits to full-time staff including insurance and medical coverage, maternity and paternity benefits, long service recognition awards, etc.
• Provided mandatory provident fund schemes for all staff including part-time staff.

Governance Achievements

• Ensured business operates according to the highest standards of ethical conduct and professional competence.
• Required all staff to strictly comply with the Prevention of Bribery Ordinance (Cap. 201 of the Laws of Hong Kong) and the code of conduct contained in the Employee Handbook.
• Issued guidelines to provide practical guidance in relation to the operation of the above anti-bribery provisions.

Climate Goals & Targets

Environmental Challenges

• Reducing emissions, discharges, and waste from operations.
• Managing greenhouse gas emissions from purchased electricity and vehicle use.
• Minimising the impact of business activities on the environment and natural resources.
• Maintaining a safe and healthy workplace for employees.
• Preventing child labour and forced labour.

Mitigation Strategies

• Adopting good environmental practices and complying with relevant laws and regulations regarding environmental protection.
• Continuously seeking ways to improve energy efficiency, prevent pollution and reduce, reuse and recycle wastes.
• Implementing initiatives to increase energy efficiency to control or reduce emissions.
• Establishing an Occupational Health and Safety Management System.
• Communicating necessary measures to prevent child labour regularly to all departments and suppliers.
• Maintaining appropriate procedures to verify the date of birth of new joiners.

Supply Chain Management

Supplier Audits: Senior management visits existing and potential suppliers (accounting for 20% or more of total consumption) to assess social and environmental aspects.

Responsible Procurement

• Sourcing materials from sustainable sources managed by environmentally reputable suppliers.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Environmental, Social and Governance Reporting Guide (ESG Guide) contained in Appendix 27 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited

Certifications: ISO14000 and 14001 (Ink Suppliers), ISO9000 and 9001 (Ink Suppliers)

Third-party Assurance: Not disclosed

Awards & Recognition

• Generous Giving Angel Bronze Award (Hong Kong Society for the Blind)
• Long-term Giving Award (Hong Kong Society for the Blind)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced electricity consumption at the data center by approximately 20% monthly since April 2020 through data center virtualization.
• Used organic-based printing ink for newspapers in Hong Kong.
• Around 50% of the paper used for printing newspapers in Hong Kong was recycled paper or contained recycled paper.

Social Achievements

• Implemented preventive and control measures to safeguard employee health and well-being during the COVID-19 pandemic (e.g., flexible working hours, work from home arrangements, regular cleaning and disinfection).
• Provided a comprehensive range of employee benefits including insurance, medical coverage, maternity and paternity benefits, and long service recognition awards.
• Organized the annual “Leader of the Year” Award to acknowledge outstanding leaders and encourage younger generations.

Governance Achievements

• Established a whistle-blowing mechanism for reporting suspected breaches of anti-corruption policies.
• Strict compliance with the Prevention of Bribery Ordinance and the code of conduct in the Employee Handbook.
• Regular review meetings to ensure provision of high-quality content to readers.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting regular charitable activities and requiring increased sanitation measures.
• Lower production volume leading to decreased waste in some areas but increased spent developer due to plate mix changes.

Mitigation Strategies

• Implemented various preventive and control measures to safeguard employee health and well-being during the COVID-19 pandemic.
• Continued support for charities through media partnerships.
• Adjusted plate mix to reduce overall zinc plate consumption and costs.

Supply Chain Management

Supplier Audits: Site visits to assess social and environmental aspects of top suppliers (those accounting for 20% or more of total consumption).

Responsible Procurement

• Sourcing materials from sustainable sources managed by environmentally reputable suppliers.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: ESG Guide (Appendix 27 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited)

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

• Anti-corruption
• Occupational health and safety
• Product responsibility

Environmental Achievements

• Reduced Scope 2 emissions by 21.9% and total emissions by 21.2% due to reduced electricity consumption from implemented measures and the pandemic.
• Replaced traditional lamps with LED spotlights and T5 fluorescent tubes.
• Implemented double-sided printing as default.

Social Achievements

• Organized 270 hours of anti-corruption training for employees and the board.
• Renovated the staff canteen with new facilities and lighting.
• Implemented a greening project with 1,500 plants in 140 square meters.

Governance Achievements

• Established an ESG Sub-Committee under the Corporate Governance Committee to oversee ESG issues.

Climate Goals & Targets

Environmental Challenges

• Increased hazardous waste generation by 8.7% due to increased usage of script zinc plates.
• Increased total energy consumption by 4.7% due to improved data collection system.
• High employee turnover rate of 35.48%.

Mitigation Strategies

• Implementing measures to reduce waste generation and improve energy efficiency.
• Reviewing employment practices and offering incentives to retain talent.

Supply Chain Management

Responsible Procurement

• Sourcing from sustainable sources and socially and environmentally responsible suppliers.
• Inclusion of environmentally friendly materials requirements and prohibition of child and forced labor in contracts.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: HKEx ESG Reporting Guide

Awards & Recognition

• Bronze Award of the Generous Giving Angel Award (Corporate) Donation

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced NOx emissions by 11%, SOx emissions by 20%, and RSP emissions by 14%
• Reduced Scope 1 and 2 greenhouse gas emissions by 6%
• Reduced hazardous waste generation by 19%
• Reduced total energy consumption by 6%
• Reduced water consumption by 23%

Social Achievements

• Held the “Long Service Award Presentation Ceremony 2022” to recognize long-serving employees
• Organized online recruitment events and seminars at colleges and universities
• Provided 186 hours of anti-corruption training to employees and the Board

Governance Achievements

• Established an ESG Sub-Committee under the Corporate Governance Committee in 2020
• Developed a Sustainability Policy outlining commitments and management principles towards ESG
• Maintained compliance with all applicable laws and regulations

Climate Goals & Targets

Environmental Challenges

• Fifth wave of the COVID-19 pandemic impacting operations and employee well-being
• High employee turnover rate (54.26%) due to department restructuring, emigration, and relocation for study and work
• Climate change and resource depletion

Mitigation Strategies

• Implemented a series of measures to protect employees from COVID-19, including providing the latest information, encouraging social distancing, and providing hand sanitizers and PPE
• Implemented policies and practices to manage customer health and safety, advertising, labeling, intellectual property rights, and privacy matters
• Adopted measures to reduce emissions and resource consumption, such as replacing traditional lamps with LED spotlights and installing water-saving taps

Supply Chain Management

Supplier Audits: Over 90% of our suppliers are based in Asia, and the rest are based in North America and Europe providing services and products. The Group reviews the list of major suppliers and evaluates their performance on a half-yearly basis.

Responsible Procurement

• Supply Chain Management Policy; considers suppliers’ ESG performances in environmental, social, and governance areas during procurement processes

Climate-Related Risks & Opportunities

Physical Risks

• Water scarcity and water-related hazards

Reporting Standards

Frameworks Used: HKEX ESG Reporting Guide

Awards & Recognition

• Caring Company Award

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced NOx emissions by around 5%, and RSP emissions by around 8%
• Reduced total non-hazardous waste by around 9%

Social Achievements

• Launched the “Sing Tao PROBE” complaint platform
• Organized the “Sing Tao 85th Anniversary Exhibition”
• Collaborated with Hong Kong Polytechnic University to launch the ESG Certification Program
• Established the “Sing Tao Volunteer Team”

Governance Achievements

• Established the ESG Sub-Committee under the Corporate Governance Committee in 2020
• Developed a Sustainability Policy outlining commitments and management principles towards ESG
• Received “The Best Leading Publishing and Media Firm of the Year” and “The Community Chest Award for Outstanding Service” in “Hong Kong’s Most Outstanding Business Awards 2023”

Climate Goals & Targets

Environmental Challenges

• Climate change related physical risks (extreme weather events impacting operations and distribution)
• Climate change related transition risks (evolving international and local climate change policies and regulations)
• Potential public opinion shift towards digital news consumption due to concerns over the carbon footprint of physical newspapers

Mitigation Strategies

• Implemented operational measures including remote work options and guidelines for on-site interviews
• Secured relevant insurance coverage to mitigate potential financial impacts from extreme weather
• Proactively monitor weather warnings and adjust business activities accordingly
• Set a goal to reduce carbon emissions and embrace energy-efficient practices
• Actively seek opportunities to use low-carbon and regionally sourced materials
• Instituted the Climate Change Policy
• Promoting the use of energy-efficient and low or zero-carbon products and services
• Development of digital media market to address environmental concerns and evolving audience preferences

Supply Chain Management

Supplier Audits: All suppliers were qualified and met the Group’s standards in the regular evaluation process (1200+ suppliers)

Responsible Procurement

• Supply Chain Management Policy
• Supplier Code of Conduct
• Evaluation of Suppliers’ ESG performances during procurement

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (typhoons, heavy rains) causing electricity shortages, asset damage, increased maintenance costs, and threats to employee health and safety
• Increased costs and disruptions in physical newspaper production and distribution

Transition Risks

• Increased compliance costs due to evolving climate change regulations and policies

Opportunities

• Accelerated transformation to digital products resulting in higher profits
• Reduced paper waste and energy consumption associated with traditional print media

Reporting Standards

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

Awards & Recognition

• The Best Leading Publishing and Media Firm of the Year
• The Community Chest Award for Outstanding Service
• 20 awards at the “Hong Kong News Awards 2023”
• Caring Company Award