Climate Change Data

Paradise Entertainment Limited

Climate Impact & Sustainability Data (2021, 2023)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:4,181 tCO2e/year
Scope 1 Emissions:108 tCO2e/year
Scope 2 Emissions:4,073 tCO2e/year
Total Energy Consumption:11,216,979 Kwh/year
Water Consumption:223.8 m3/year

ESG Focus Areas

  • Employment
  • Labor standards
  • Development and training
  • Health and safety
  • Anti-corruption
  • Responsible gaming
  • Data privacy
  • Emissions

Environmental Achievements

  • Reduced air emissions from vehicles by implementing measures to reduce traffic and emissions on roads. Reduced waste plastic bottles through the adoption of water bars.
  • Reduced paper waste through the policy of "Reduce, Reuse and Recycle", double-sided printing, and paperless processes.

Social Achievements

  • Maintained a low staff turnover rate (0.4% in 2021).
  • Implemented various Covid-19 preventive measures, including mask mandates and health code checks.
  • Provided vocational training courses (e.g., anti-money laundering) and sponsored employees for external training.
  • Supported charitable activities and offered scholarships to students.

Governance Achievements

  • Established an EHS Team to manage ESG policies and procedures.
  • Implemented whistle-blowing procedures to report suspicious fraudulent actions.
  • Complied with relevant laws and regulations in Macau and Hong Kong.

Climate Goals & Targets

Short-term Goals:
  • Maintain or reduce air emissions and non-hazardous waste to pre-pandemic levels by 2022.

Environmental Challenges

  • Adverse changes and volatility in global economic conditions, the Covid-19 pandemic, and changes in laws and regulations impacting the gaming and travel industries.
  • Increased competition in the gaming industry.
  • Reliance on the concession contract between the Macau government and SJM Resorts and the service agreement with the Group.
  • Potential impact of new gaming law amendments in Macau.
  • Possible infringement of patents and intellectual property.
Mitigation Strategies
  • Adjusted business strategic plans to cope with changes in economic and public health conditions, laws, and regulations.
  • Expanded business and broadened the gaming patron base.
  • Controlled expenses and manpower, and reallocated resources efficiently.
  • Improved marketing strategy and enhanced promotions.
  • Maintained close communication with SJM Resorts.
  • Monitored infringement of IPs and took appropriate actions.
  • Continuously invested in research and development.

Supply Chain Management

Responsible Procurement
  • Preference for domestic suppliers in Macau and green suppliers.
  • Adherence to Group’s ESG policies by suppliers (safe working environment, prohibition of child and forced labor, certified green products, fair wages, compliance with laws and regulations).

Climate-Related Risks & Opportunities

Physical Risks
  • Flooding and damage from typhoons.
Transition Risks
  • New policies relating to carbon pricing and new technologies.

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:3,840 tCO2e/year
Scope 1 Emissions:117 tCO2e/year
Scope 2 Emissions:3,723 tCO2e/year
Total Energy Consumption:10,253,066 Kwh/year
Water Consumption:348.3 m3/year

ESG Focus Areas

  • Employment
  • Labour standards
  • Development and training
  • Health and safety
  • Anti-corruption
  • Responsible gaming
  • Data privacy
  • Emissions

Environmental Achievements

  • Reduced electricity purchased by 3.2% in 2023 compared to 2022.
  • Implemented energy-saving initiatives (LED lighting, switching off idle appliances, maintaining reasonable indoor temperature).
  • Reduced plastic bottle waste drastically through the installation of water bars.

Social Achievements

  • Provided vocational training courses (e.g., anti-money laundering).
  • Maintained a low work-related injury rate (0 lost days in 2023).
  • Implemented Covid-19 preventive measures (mask wearing, health code checks, vaccination encouragement).

Governance Achievements

  • Complied with the Model Code for Securities Transactions by Directors.
  • Established three committees: Audit, Remuneration, and Nomination.
  • Implemented a shareholders’ communication policy.

Climate Goals & Targets

Short-term Goals:
  • Maintain or reduce air emissions and GHG emissions to pre-pandemic levels by 2024.
  • Maintain or reduce water consumption and non-hazardous waste to pre-pandemic levels by 2024.

Environmental Challenges

  • Adverse changes and volatility in global economic conditions, outbreak of infectious diseases, and changes in government regulations impacting gaming and travel.
  • Increasing competition in the gaming industry.
  • Reliance on concession contracts and service agreements.
  • Possible infringement of intellectual property.
  • Attracting and retaining key employees.
  • Lack of control over business partners' performance.
Mitigation Strategies
  • Adjusting business strategic plans to cope with changes.
  • Expanding business and broadening patron base.
  • Improving marketing strategy and enhancing promotions.
  • Monitoring IP infringement and taking appropriate actions.
  • Investing in R&D to keep pace with technology changes.
  • Offering competitive remuneration packages and share options.
  • Working closely with OEMs and IGT.

Supply Chain Management

Responsible Procurement
  • Preference for domestic and green suppliers.
  • Supplier adherence to Group's ESG policies (safe working environment, prohibition of child and forced labor, fair wages, compliance with laws and regulations).

Climate-Related Risks & Opportunities

Physical Risks
  • Flooding and damage from typhoons.
Transition Risks
  • New policies relating to carbon pricing and new technologies.