Climate Change Data

Environmental Metrics

ESG Focus Areas

• Workplace quality
• Environmental protection
• Operating practices
• Community involvement

Environmental Achievements

• Purchased less paper in 2017 (795 reams of A4 and 10 reams of A3) compared to 2016 (867 reams of A4 and 14 reams of A3). Implemented paper saving measures such as double-sided printing and recycling.
• Replaced some ordinary light bulbs and tubes to reduce energy consumption.
• Controlled air-conditioning temperature to reduce energy consumption.

Social Achievements

• Organized staff activities, including annual dinner and Christmas party.
• Maintained stable staff turnover rate with satisfactory job performance and productivity.
• Work related fatality: 0, Work injury cases >3 days: 0, Work injury cases <3 days: 1, Lost days due to work injury: 2, Work injury rate: 0.59% (2016: 0, 1, 0, 33, 1.37% respectively).

Governance Achievements

• Established a remuneration committee.
• Established an audit committee.
• Established a nomination committee.
• Complied with most of the code provisions set out in the Code on Corporate Governance Practices, except for the combined roles of Chairman and CEO.

Climate Goals & Targets

Environmental Challenges

• Lack of comprehensive ESG data, particularly environmental data (air and greenhouse gas emissions, water and land discharges, hazardous and non-hazardous waste generation).
• Absence of formal equal opportunity, anti-discrimination, and affirmative action policies.

Mitigation Strategies

• Committed to developing a higher level of ESG reporting based on international guidance and standards.
• Encouraged unprejudiced behavior in the workplace and discouraged inappropriate behavior based on race, gender, sexual orientation, or religious and cultural beliefs.
• Implemented paper saving measures and energy saving measures in the office.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Registered as a food importer/food distributor under the Food Safety Ordinance.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GEM Listing Rules Appendix 20

Certifications: ISO22000:2005 (for distribution center)

Third-party Assurance: Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental protection
• Employment and labour policies
• Operational practices
• Community involvement

Environmental Achievements

• Reduced SOx emissions by 23%, NOx emissions by 3%, and RSP emissions by 4% from vehicles.
• Reduced total GHG emissions by 21% to 395.89 tonnes.
• Reduced total non-hazardous waste by 43% to 2.62 tonnes.

Social Achievements

• Implemented various measures to retain talents and reduce employee turnover.
• Provided various forms of incentives to employees, including competitive salaries and benefits.
• Established policies and procedures for handling complaints efficiently and courteously.
• Implemented an Anti-Money Laundering and Counter-Terrorist Financing Policy and Anti-Bribery and Corruption Statement.

Governance Achievements

• Complied with the Code on Corporate Governance.
• Established a remuneration committee, audit committee, and nomination committee.
• Adopted a board diversity policy.
• Provided comprehensive training to directors and employees on relevant regulations and market changes.

Climate Goals & Targets

Environmental Challenges

• Decrease in demand for borrowing due to increased market interest rates.
• Severe competition in the retail and wholesale business, resulting in reduced market share.
• Increase in fair value loss on financial assets.
• Delay in payments from certain borrowers due to the economic downturn.

Mitigation Strategies

• Implementing stringent credit policies and strict control on loan-to-value ratio.
• Closely monitoring the quality of the loan portfolio.
• Actively seeking suitable investment opportunities for business diversification.
• Implementing cost reduction and efficiency improvement measures.
• Regularly monitoring the effectiveness of criteria used to identify significant increase in credit risk.

Supply Chain Management

Responsible Procurement

• Select suppliers who respect the environment and sustainable development; Conduct on-site reviews and meeting discussions to gain insight into suppliers’ environmental, social and governance performance.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events affecting employee service provision.

Transition Risks

• Supply chain disruptions due to extreme weather affecting retail and wholesale business.