Climate Change Data

China Parenting Network Holdings Limited

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:60.23 tCO2e/year
Scope 2 Emissions:60.23 tCO2e/year
Total Energy Consumption:80.64 thousand kWh/year
Water Consumption:63.00 m3/year
Waste Generated:0.41 tons/year (paper), 8.72 tons/year (packaging)
Carbon Intensity:0.05 tCO2e/square meter (Mainland China), 0.02 tCO2e/square meter (Hong Kong)

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Reduced total indirect electricity emissions and intensity in 2023 compared to 2022 due to rational office space arrangement and economical electricity use.

Social Achievements

  • Launched "Parent School" project in collaboration with China Youth Development Research Center and National Health Commission, focusing on professional and scientific parenting education.
  • Organized various public welfare activities to support families with expectant mothers, infants, and children.

Governance Achievements

  • Complied with all code provisions as set out in the Corporate Governance Code.
  • Complied with the Model Code for Securities Transactions by Directors.
  • Established written guidelines for employees regarding securities dealings.

Climate Goals & Targets

Environmental Challenges

  • Decline in marketing and promotional business and sales of goods, affected by the overall economic environment and intensified industry competition.
  • Decrease in government grants.
  • Increase in intermediary fees.
  • Material uncertainty related to going concern due to net loss and current liabilities exceeding current assets.
Mitigation Strategies
  • Implementing measures to improve working capital and cash flows, including monitoring administrative expenses and operating costs.
  • Planning to dispose of financial assets to generate cash inflow.
  • Entering into a sale and purchase agreement to dispose of a subsidiary.
  • Seeking additional financial support (loans, equity, or debt securities).
  • Strengthening and implementing measures aiming at improving the working capital and cash flows of the Group, including closely monitoring the general administrative expenses and operating cost.

Supply Chain Management

Supplier Audits: 19 suppliers provided contract values of RMB1 million and above; annual evaluation on supplier performance including ESG standards.

Responsible Procurement
  • Price comparison and sentinel procurement; screening and assessment based on quality and prices; review of Supplier Social Responsibility Questionnaire.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather creating safety concerns for employees
Transition Risks
  • Enhanced understanding of sustainability reporting and ratings of key local and international guidelines, with particular emphasis on climate change

Reporting Standards

Frameworks Used: Appendix C2 of the Listing Rules

Awards & Recognition

  • Silver Award in the Public Welfare Marketing Category of the DMAA International Digital Marketing
  • Popularity Talent Award of the 2023 Hi Innovation Week