Climate Change Data

China Vered Financial Holding Corporation Limited 中薇金融控股有限公司

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:123.38 tCO2e/year
Scope 1 Emissions:10.32 tCO2e/year
Scope 2 Emissions:110.58 tCO2e/year
Scope 3 Emissions:2.48 tCO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:193.34 MWh/year
Water Consumption:Not disclosed
Waste Generated:0.5164 tons/year
Carbon Intensity:0.07 tCO2e/sqm

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Reduced NOx, PM, and SOx emissions by 8%, 8%, and 17% respectively compared to the previous year.
  • Reduced total energy consumption by 11% compared to the previous year.

Social Achievements

  • Maintained a safe working environment with no workplace accidents resulting in fatalities or lost workdays.
  • Provided over 50 hours of training to 8 employees.

Governance Achievements

  • Established a board diversity policy.
  • Implemented a mechanism for assessing board independence.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Reduce waste generation intensity by 20% within 10 years (from 2022).
  • Reduce total energy consumption intensity by 20% within 10 years (from 2022).
Short-term Goals:
  • Reduce greenhouse gas emission intensity by 10% within 10 years (from 2022).

Environmental Challenges

  • Market volatility impacting investment performance and resulting in a net loss.
  • Downward trend in the real estate sector impacting investment portfolio.
  • Suspension of trading due to delayed publication of audited results.
Mitigation Strategies
  • Implemented a "dual reduction" strategy to lower fixed-income asset ratio and reduce real estate concentration risk.
  • Improved short-term liquidity by collecting matured bonds and selling stocks.
  • Actively pursuing resumption of trading according to the requirements of the Hong Kong Stock Exchange.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Consideration of legal compliance, experience, environmental sustainability, quality of goods and services, and market prices when selecting suppliers.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events (typhoons, storm surges, heavy rain)
Transition Risks
  • Tightening climate-related policies
  • Costs of transitioning to low-emission technologies
  • Changes in customer behavior
  • Reputational risks
Opportunities
  • Development of energy-efficient products and services

Reporting Standards

Frameworks Used: HKEX ESG Reporting Guide

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • SDG 3
  • SDG 4
  • SDG 7
  • SDG 8
  • SDG 10
  • SDG 12
  • SDG 13
  • SDG 16

The company's initiatives contribute to these goals through various environmental and social programs.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed