Climate Change Data

Hosen Group Ltd

Climate Impact & Sustainability Data (2021)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:1,056,040 kWh
Water Consumption:4,841 CuM/M3
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Economic
  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Switched to LED lighting in Singapore office, resulting in lower electricity consumption.
  • Replaced old lorries and vans with Euro5 and Euro6 types to reduce pollutant emissions.
  • Installed solar panels at Malaysian subsidiary (HSM) to reduce electricity consumption.
  • Lower water consumption in FY2021 compared to FY2020.

Social Achievements

  • No cases of discrimination reported.
  • Offered fair job opportunities to aged staff.
  • Donated food to various charities and communities.
  • Implemented various occupational health and safety measures, including forklift training and COVID-19 precautions.

Governance Achievements

  • Compliance with Catalist Rules and Code of Corporate Governance 2018.
  • Zero reported incidents of corruption.
  • Implemented tight credit control policy to minimize credit risk.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Maintain the same level of power consumption in FY2022 (excluding Hosen Chocolate Sdn Bhd).

Environmental Challenges

  • Rising raw material and logistic costs due to the COVID-19 pandemic and the war in Ukraine.
  • Delays in shipping schedules affecting import timing and sales strategies.
  • Two minor accidents reported in FY2021 related to occupational health and safety.
Mitigation Strategies
  • Monitoring the situation closely and endeavoring to manage rising costs by diversifying supply sources and implementing more effective pricing policies.
  • Looking for business opportunities and diversification, including property business.
  • Implementing corrective actions to prevent recurrence of accidents (e.g., reiterating proper lifting techniques, keeping cargo lift lobby clear).

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Supplier's Quality Assurance (QA) and Quality Control (QC); Health certificate and Certificate of Analysis from suppliers and relevant authorities; tight controls on food safety and hygiene by suppliers and own factory.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI Standards, Core option

Certifications: HALAL certification (for chocolate products)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Most Promising Brand Award
  • Superbrands Awards
  • Singapore 1000 Company (Public Listed) for consecutive years