Climate Change Data

Environmental Metrics

ESG Focus Areas

• Green and environmentally-friendly principles
• Digital Transformation
• Cultural Inheritance
• Philanthropic endeavors
• Corporate Governance

Environmental Achievements

• Launched a “carbon footprint” assessment of tombstone products to reduce energy consumption and promote sustainable development.
• Developed a new type of cremator, JS3-II, expected to save energy consumption by more than 10%.

Social Achievements

• Held the second “Fu Shou Yuan Public Welfare Festival”, introducing eight major public welfare projects.
• Established the Li Ji Academy, a non-degree higher education institution for the funeral industry.
• Formed a national integration community of production and education in the funeral industry with 246 entities.
• Won the “International Funeral Service Innovation Award”.

Governance Achievements

• Complied with the Corporate Governance Code (CG Code).
• The Audit Committee reviewed the annual results and consolidated financial statements.

Climate Goals & Targets

Environmental Challenges

• Global economic uncertainty, including inflation, interest rates, geopolitical instability, and economic slowdown.
• Temporary restraint in market demand for burial services in the previous year.

Mitigation Strategies

• Pioneered new dynamics in the death care industry by incorporating technological elements and meeting diverse customer needs.
• Implemented a systematic operation improvement plan for newly acquired cemeteries to ensure profitable growth.
• Launched business initiative named “Five Ups & Five Downs” to ensure more reasonable and healthier operational indicators.

Supply Chain Management

Responsible Procurement

• Optimizing the vendor pool and suppliers ranking to reduce overall procurement and engineering costs.

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• 3JI products (integrating monument, memorial, and heritage)
• Environmental-friendly cremation machine

Awards & Recognition

• 2023 Green and Sustainable Development Contribution Award
• 2023 ESG Pioneer Listed Company Award
• 2023 Golden Hong Kong Stock Award
• Annual Excellent Charity Communication Case
• 2023 Typical Communication Case of Enterprises
• Top 10 Public Welfare Projects of the Year
• Outstanding Digital Innovation Enterprise
• 2023 Sustainability Contribution Award
• Shanghai Outstanding Project of Volunteer Service in Civil Affairs
• Digital Influential Enterprise of the Year
• Golden Begonia Award
• Annual Education Public Welfare Contribution Award
• China Top 500 Innovative Brands in 2023