Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Implemented waste minimization strategies (4Rs principle: reduce, reuse, recycle, and replacement) for general waste.
• Encouraged contractors to recycle construction waste from store renovations.
• Implemented energy conservation initiatives such as avoiding over-cooling, encouraging equipment switch-off, and replacing equipment with more energy-efficient ones (LED lighting).

Social Achievements

• Implemented a transparent and fair recruitment system.
• Provided competitive remuneration packages and a safe working environment.
• Organized an YGM Corporate Volunteering Team participating in various community activities (Visiting Elderly’s Home, Charity Run, Recycling Campaign, Flag Day).

Governance Achievements

• Established internal supply chain policy to assess suppliers on ESG aspects (environmental protection, labor rights, health and safety).

Climate Goals & Targets

Environmental Challenges

• Significant environmental impact from electricity consumption in offices and POSs.
• Managing environmental and social risks within the supply chain.

Mitigation Strategies

• Energy conservation initiatives to minimize electricity consumption.
• Regular review of supplier performance on environmental, health, and safety aspects; on-site factory visits.

Supply Chain Management

Responsible Procurement

• Internal supply chain policy assessing supplier capability, quality, compliance, price, and certification; including ESG aspects (environmental protection, labor rights, health and safety).

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: HKEx ESG Guide

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Implemented initiatives to minimize electricity consumption (switching off lights, avoiding over-cooling, encouraging employees to switch off idle equipment, replacing equipment with more energy-efficient models)
• Implemented the 4R principle (reduce, reuse, recycle, and replace) to minimize waste generation.
• Properly managed non-hazardous waste in accordance with local regulations.

Social Achievements

• Implemented an Equal Opportunities Policy covering recruitment, compensation, benefits, training, promotion, transfer, and dismissal.
• Provided various competitive remuneration packages, including retirement scheme contributions and medical subsidies.
• Conducted regular fire drills and reminded employees of safety guidelines to avoid work-related injuries.
• Implemented preventive measures against COVID-19 (hand sanitizers, masks, flexible work arrangements, temperature checks, telephone conferences).
• Organized various volunteering and charity activities (hand sanitizer donation, Flag Day donation, Red Packet Recycling Day).

Governance Achievements

• No reported incidents of non-compliance with laws and regulations relating to employment practices, occupational health and safety, labour standards, product responsibility, or anti-corruption.

Climate Goals & Targets

Environmental Challenges

• Limited control over packaging material selection due to client specifications.
• Greenhouse gas emissions not yet monitored comprehensively.
• Limited control over water usage in leased premises.

Mitigation Strategies

• Commitment to reducing packaging usage by avoiding repackaging whenever possible.
• Focus on minimizing electricity consumption through various initiatives.
• Encouraging water conservation in the Hong Kong office.
• Enhancing data collection system to better monitor and evaluate carbon emissions.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Assessment of suppliers based on price, quality, capability, fair employment practices, and green practices.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: SEHK ESG Reporting Guide

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

• Environment
• Social
• Governance

Environmental Achievements

• Implemented measures to reduce packaging material usage, aiming for a 15% reduction by 2031 from the 2021 baseline.
• Implemented energy conservation measures (switching off lights, avoiding over-cooling, replacing equipment with energy-efficient models), aiming for a 15% reduction in energy intensity by 2031 from the 2021 baseline.
• Implemented measures to reduce paper usage (electrifying documents, duplex printing, paper reuse, recycling), aiming for a 15% reduction by 2031 from the 2021 baseline.
• Implemented measures to reduce carbon emissions from vehicles, aiming for a 15% reduction by 2031 from the 2021 baseline.
• Implemented measures to reduce waste generation, aiming for a 15% reduction by 2031 from the 2021 baseline.

Social Achievements

• Implemented Equal Opportunities Policy covering recruitment, compensation, training, and promotion.
• Provided various competitive remuneration packages, including retirement scheme contributions and medical subsidies.
• Provided an average of 9 hours of training per employee.
• Maintained a safe working environment with regular fire drills and adherence to occupational health and safety regulations.
• Implemented preventive measures against COVID-19 (hand sanitizers, masks, flexible work arrangements).

Governance Achievements

• Implemented measures to prevent bribery, extortion, fraud, and money laundering, in compliance with relevant laws and regulations.
• Incorporated anti-bribery and anti-corruption policy in staff handbook.
• Provided anti-corruption training to employees.

Climate Goals & Targets

Environmental Challenges

• Limited control over packaging material selection due to client specifications.
• Potential impact of extreme weather conditions on operations.
• Managing waste generated from renovations of POSs.

Mitigation Strategies

• Commitment to reduce packaging material usage and adopt biodegradable/recyclable packaging.
• Implementation of emergency plans to prevent operational disruptions due to extreme weather.
• Adoption of the 4R principle (reduce, reuse, recycle, recover) for waste management.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Expectation of fair employment practices and green procurement methods from suppliers
• Ensuring suppliers meet product safety and quality requirements and comply with laws and regulations

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather conditions

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: SEHK ESG Reporting Guide

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

• Environment
• Social
• Governance

Environmental Achievements

• Recycled 15,061 kg of paper, resulting in a net paper use of -13,126 kg and carbon offset of -63,004 kg.
• Recycled 680 kg of wasted zinc.

Social Achievements

• Implemented Equal Opportunities Policy covering recruitment, compensation, benefits, training, promotion, transfer, and dismissal.
• Provided an average of 4.5 hours of training per employee.
• No work-related fatalities in the past 3 years.
• Implemented measures to prevent bribery, extortion, fraud, and money laundering.

Governance Achievements

• Implemented and regularly reviewed internal control system and related party transactions management measures to prevent corruption.
• Incorporated anti-bribery and anti-corruption policy in staff handbook.

Climate Goals & Targets

Environmental Challenges

• Limited control over packaging material selection due to client specifications.
• Potential impact of extreme weather conditions.
• Managing waste generated from renovations of POSs.

Mitigation Strategies

• Objective to achieve 15% reduction of packaging material use by 2031.
• Objective to achieve 15% reduction of energy intensity by 2031.
• Objective to achieve 15% reduction of carbon emissions by 2031.
• Objective to achieve 15% reduction of paper use by 2031.
• Objective to maintain waste at low level and achieve net zero waste generation.
• Implementation of various emergency plans to prevent operational disruption due to extreme weather.

Supply Chain Management

Responsible Procurement

• Expectation of fair and equal employment practices from suppliers.
• Encouragement of green procurement methods.
• Ensuring suppliers meet product safety and quality requirements and legal compliance.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather conditions

Reporting Standards

Frameworks Used: ESG Reporting Guide (Appendix 27 to the Main Board Listing Rules of the Stock Exchange of Hong Kong Limited)

Environmental Metrics

ESG Focus Areas

• Emissions
• Use of Resources
• Employee benefits
• Development and training
• Product responsibility

Environmental Achievements

• Total GHG emission of 623.49 tonnes of carbon dioxide equivalent (tCO2e), representing emission intensity of 3.47 tCO2e per million HKD revenue or 2.04 tCO2e per headcount.
• 15% reduction in carbon emissions by 2031 (against 2021 baseline).
• 15% reduction in energy consumption by 2031 (against 2021 baseline).
• 15% reduction in packaging material usage by 2031 (against 2021 baseline).

Social Achievements

• Zero work-related fatalities in Hong Kong, Macau, and Mainland China.
• Implemented an ‘Equal Opportunity Policy’ promoting equal opportunity in recruitment, promotion, and employment.
• Provided various employee benefits including statutory benefits, medical subsidies, and retirement scheme contributions.
• Organized various charitable activities and community services.

Governance Achievements

• No reported violations of employment laws and regulations.
• No reported cases of violations of occupational health and safety laws and regulations.
• No reported cases of violations of anti-corruption laws and regulations.
• Implemented an ‘Anti-corruption Policy’ and provided regular anti-corruption training.

Climate Goals & Targets

Environmental Challenges

• Increase in total GHG emissions (21.16%) due to the easing of pandemic restrictions and the resumption of normal business operations.
• Limited control over packaging material selection due to client requirements.

Mitigation Strategies

• Setting a target to achieve a 15% reduction in carbon emissions by 2031.
• Implementing various energy-saving measures (e.g., replacing traditional lighting with LED lighting, maintaining air conditioning at 24°C).
• Implementing various water-saving measures (e.g., displaying water-saving labels in toilets and pantries).
• Implementing various waste reduction measures (e.g., adopting electronic application system, encouraging recycling).

Supply Chain Management

Supplier Audits: Seasonal appraisals conducted with existing suppliers.

Responsible Procurement

• Supplier code of conduct
• Prioritising environmentally friendly products

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: “Environmental, Social and Governance Reporting Guide” (Appendix C2 to the Main Board Listing Rules 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

• Seawool products made from recycled bottles and oyster shells

Awards & Recognition

• Not disclosed