Climate Change Data

Quantum Thinking Limited

Climate Impact & Sustainability Data (2021)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:24,091.47 tCO2e/year
Scope 1 Emissions:N/A
Scope 2 Emissions:23,721.01 tCO2e/year
Scope 3 Emissions:370.46 tCO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:31,446.00 kWh/year
Water Consumption:N/A
Waste Generated:77.18 tons/year
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Reduced GHG emissions by 24.97% compared to 2020. Implemented various sustainable development measures including guidelines for efficient resource use, recycle paper usage, double-side printing, paperless office initiatives, and promoting switching off lights to reduce electricity usage.
  • No hazardous waste produced.

Social Achievements

  • CITIC Cyber Security was recognised by the Zhongguancun Anxin Network Identity Authentication Industry Alliance as the “2020 OIDAA Alliance Excellent Member Unit” and the “2020 OIDAA Alliance Special Contribution Award”.
  • Established a comprehensive human resources management system.
  • Provided medical allowance, MPF schemes (for Hong Kong employees only), and other benefits to employees.
  • Implemented health and safety management practices to enhance safety management and promote employee safety awareness.
  • Provided training courses to employees or subsidized them in joining external training courses.

Governance Achievements

  • Established risk management policy and risk reporting mechanism.
  • Established audit committee, remuneration committee, and nomination committee.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Difficult business environment due to continued tension between the US and China, including sanctions against some Chinese technology companies and delays in IT projects.
  • Disruptions caused by the COVID-19 pandemic.
Mitigation Strategies
  • Implemented a two-pronged strategy: business diversification (especially internet electronic identity authentication) and cooperation with various sectors to construct an ecosystem of online/offline digital payments.
  • Strengthened sanitation in the office area and provided surgical masks, disinfectant, and alcohol wipes in response to the COVID-19 pandemic.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Encourages suppliers to uphold high moral standards; imposed strict environmental and social requirements on suppliers.

Climate-Related Risks & Opportunities

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

Reporting Standards

Frameworks Used: Appendix 20 to the Rules Governing the Listing of Securities on GEM of 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

  • 2020 OIDAA Alliance Excellent Member Unit
  • 2020 OIDAA Alliance Special Contribution Award