Microware Group Limited
Climate Impact & Sustainability Data (2021-04 to 2022-03, 2022-04 to 2023-03, 2023-04 to 2024-03)
Reporting Period: 2021-04 to 2022-03
Environmental Metrics
ESG Focus Areas
- Occupational Health and Safety
- Product/Service Quality
- Anti-corruption
- Data Protection
- Customer Service
Environmental Achievements
- Reduced total GHG emissions by 26.7% compared to the previous reporting period.
Social Achievements
- Achieved the title of Caring Company for the fifteenth consecutive year.
- Implemented Covid-19 adaptations including employee support schemes, paid sick leave, and medical scheme adaptations.
Governance Achievements
- Complied with all applicable Code Provisions of the Corporate Governance Code except for Code Provision C.2.1 (Chairman and CEO roles combined).
Climate Goals & Targets
- Not disclosed
- Not disclosed
- Not disclosed
Environmental Challenges
- Supply chain disruptions and talent crunch impacting timely order fulfillment and increasing overheads.
- Covid-19 pandemic impacting business operations and customer payments.
- US-China trade friction causing uncertainty in the Hong Kong economic environment.
Mitigation Strategies
- Cost optimization measures to prepare for challenges in uncertain business environment.
- Flexible working arrangements to protect employees from Covid-19 infection.
- Monitoring customer payment schedules and cash flow.
- Focus on core business and partnerships with key vendors.
- Widening business opportunities and seeking new market demands.
Supply Chain Management
Supplier Audits: Periodic evaluation, frequency depending on the nature of products or services
Responsible Procurement
- Code of Conduct Self-Assessment
- Preference for suppliers with similar sustainable development standards
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events potentially impacting operations and increasing electricity consumption.
Transition Risks
- Not disclosed
Opportunities
- Increased demand for green services and energy-efficient IT solutions.
Reporting Standards
Frameworks Used: Appendix 27 to the Rules Governing the Listing of Securities
Certifications: ISO/IEC 20000-1:2018, ISO/IEC 27001:2013
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Caring Company Award (15 consecutive years)
Reporting Period: 2022-04 to 2023-03
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Reduced GHG emissions to 263.2 tCO2e from 302.78 tCO2e in the previous year.
- Reduced GHG emission intensity per square meter by 14% and per employee by 9%.
- Reduced hazardous waste production intensity by 47% per square meter and 42% per employee.
- Reduced non-hazardous waste production intensity by 28% per square meter and 8% per employee.
- Reduced energy consumption intensity by 15% per square meter and 11% per employee.
- Reduced water consumption intensity by 17% per square meter and 14% per employee.
Social Achievements
- Achieved Caring Company title for the sixteenth consecutive year.
- Implemented an Employee Support Scheme to maintain wages during COVID-19.
- Provided medical support and COVID-19 testing claim reimbursements to employees.
- Organized team gatherings and meals when social distancing measures were relaxed.
- Provided internal and external training opportunities for employees (635 total training hours).
Governance Achievements
- Established a whistle-blowing policy.
- Developed a new online learning platform for anti-corruption training.
- Organized anti-corruption seminars for directors.
- Complied with all applicable laws prohibiting bribery, extortion, fraud, and money laundering.
Climate Goals & Targets
- Not disclosed
- Not disclosed
- Not increasing energy consumption intensity, water consumption intensity and waste production intensity by more than 5%, with 2021/22 as the base year.
Environmental Challenges
- High employee turnover rate (30%).
- Potential for increased electricity consumption due to extreme weather.
- Tightening of climate-related policies increasing costs.
Mitigation Strategies
- Flexible working arrangements and work-from-home measures to address extreme weather.
- Use of energy-efficient appliances and promotion of energy-saving practices.
- Investing in lower emissions technology and resource-saving options.
Supply Chain Management
Supplier Audits: Periodic evaluation of suppliers, frequency depending on the nature of products or services.
Responsible Procurement
- Code of Conduct Self-Assessment for suppliers
- Preference for suppliers with similar sustainable development standards.
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather leading to higher electricity consumption.
Transition Risks
- Tightening of climate-related policies increasing costs.
- Changing customer behavior leading to loss of customers and income.
- Reputation risk from failure to meet stakeholder expectations.
Opportunities
- Increasing awareness of climate change and green services creating business opportunities.
Reporting Standards
Frameworks Used: ESG Reporting Guide (as described in Appendix 27 to the Rules Governing the Listing of Securities on the Listing Rules Guidance set out by Stock Exchange)
Certifications: ISO/IEC 20000-1:2018, ISO/IEC 27001:2013
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Caring Company Award (16 consecutive years)
- Various reseller awards from technology partners (listed in the report)
Reporting Period: 2023-04 to 2024-03
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Reduced GHG emissions intensity by 17% (tCO2e/m2) and 13% (tCO2e/employee) compared to the 2021/22 base year.
- Reduced energy consumption intensity by 13% (kWh/m2) and 15% (kWh/employee) compared to the previous period.
- Reduced water consumption intensity by 77% (m3/m2) and 78% (m3/employee) compared to the base year.
Social Achievements
- Achieved Caring Company title for the fifteenth consecutive year.
- Organized anti-corruption training for all directors and staff.
- Provided various employee benefits including medical insurance, travel insurance, and education subsidies.
Governance Achievements
- Integrated ESG, including climate-related issues, into the corporate governance process.
- Established an anti-corruption policy and whistle-blowing policy.
- Implemented ISO/IEC 20000-1:2018 and ISO/IEC 27001:2013 certifications.
Climate Goals & Targets
- Not disclosed
- Not disclosed
- Not disclosed
Environmental Challenges
- Potential increase in electricity consumption due to extreme weather.
- Tightening of climate-related policies increasing costs.
- Changing customer behavior potentially impacting revenue.
Mitigation Strategies
- Staff handbook outlines work arrangements and contingency measures for extreme weather.
- Use of energy-efficient appliances and promotion of energy-saving practices.
- Regular assessment of climate risks and implementation of preventive measures.
Supply Chain Management
Supplier Audits: Periodic evaluation of suppliers, frequency depending on the nature of products or services.
Responsible Procurement
- Code of Conduct Self-Assessment for suppliers.
- Preference for suppliers with similar sustainable development standards.
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather leading to higher electricity consumption.
Transition Risks
- Tightening of climate-related policies increasing costs.
- Changing customer behavior.
Opportunities
- Increasing awareness of climate change and green services.
Reporting Standards
Frameworks Used: ESG Reporting Guide (as described in Appendix C2 to the Rules Governing the Listing of Securities on the Listing Rules Guidance set out by Stock Exchange)
Certifications: ISO/IEC 20000-1:2018, ISO/IEC 27001:2013
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Caring Company (15 consecutive years)
- Various partner awards from Adobe, APC, H3C, Hewlett Packard Enterprise, Hillstone, HP Inc, Kaspersky, Lenovo, and NetApp.