Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Protection
• Occupational Health and Safety
• Anti-corruption
• Data Confidentiality
• Respecting Intellectual Property Rights
• Sustainable Supply Chain
• Product Quality
• Employee Training and Development
• Community Investment

Environmental Achievements

• Replaced energy-saving air conditioners, saving 23,000 kWh of electricity annually
• Achieved a 98% recovery rate for recycled plastic boxes
• Completed air compressor exhaust heat recovery project, reducing heat pump electricity consumption by 54,000 kWh per year
• Installed a new water treatment system to reuse production water, reducing fresh water consumption
• Completed installation of 5 sets of boiler exhaust gas treatment systems and added a UV photolysis facility to further reduce emissions of organic pollutants

Social Achievements

• Organized various employee activities (Mid-autumn Festival celebration, Christmas Party, talent show, table tennis competition)
• Provided over 76,000 training hours to employees (over 97% coverage)
• Improved dormitory beds and meal quality in response to employee requests
• Contributed approximately HK$347,000 to community initiatives focusing on education

Governance Achievements

• Established a comprehensive whistleblowing policy
• Organized anti-corruption and anti-bribery training
• Established Global Data Protection and Privacy Policy

Environmental Challenges

• Increase in energy consumption intensity (8.58% increase compared to FY2019)
• Increase in water consumption intensity (20.46% increase compared to FY2019)
• 32 work-related incidents resulting in 648 lost days due to work injuries

Mitigation Strategies

• Engaged a professional consultant to build an energy management system and implemented various energy-saving measures (heat pumps, air compressor exhaust heat recovery, replacement of LED lightings)
• Implemented a water-saving project with a new water treatment system
• Strengthened safety training to improve employee safety awareness and enhance knowledge of occupational health and safety
• Implemented the Emergency Response and Management Procedures and conducted evacuation drills

Supply Chain Management

Supplier Audits: Annual audits for approved suppliers

Responsible Procurement

• Supplier Code of Conduct covering labour, environment, corporate management and health and safety

Climate-Related Risks & Opportunities

Physical Risks

• Flooding

Reporting Standards

Frameworks Used: HKEx ESG Reporting Guide

Certifications: ISO 14001

Sustainable Products & Innovation

• SALUS products for energy-efficient home appliances
• Wireless Gateway Thermostat

Awards & Recognition

• Bronze EcoVadis Medal
• CES 2020 Innovation Award
• Most Valuable Services Award in Hong Kong 2019 - Smart IoT Leaders

Environmental Metrics

ESG Focus Areas

• Climate Change
• Waste & Pollution
• Resource Conservation
• Greenhouse Gas Emissions
• Circular Economy
• Talent Management
• Training & Education
• Health & Safety
• Employee Relations/Diversity
• Community Engagement
• Compliance
• Business Ethics
• Board Diversity
• Investor Relations

Environmental Achievements

• 23.5% Reduction in GHG emissions
• 14.4% Reduction in Emission intensity
• 37.7% Reduction in Hazardous waste intensity
• Reduced energy consumption through waste heat recovery and reactive power compensation
• Reused 44,765m3 of reclaimed water

Social Achievements

• Launched NexGen talent management program
• Provided vaccine side effect insurance for employees
• Granted vaccination leave to employees
• Implemented flexible work-from-home arrangements
• Improved staff dormitory

Governance Achievements

• Established an ESG Management Committee
• Aligned climate-related disclosure with TCFD recommendations
• Improved BitSight Data Security Rating from 690 to 730
• Planning to obtain ISO 27001 certification by 2023
• Zero supply chain non-compliance incidents

Climate Goals & Targets

Environmental Challenges

• Increased frequency of severe weather events impacting operations
• Rising sea levels affecting operations in certain regions
• Development of carbon pricing mechanisms increasing costs
• Substitution of existing products with lower-emission options
• Changes in customer behavior preferring eco-friendly products
• Supply chain disruptions due to extreme weather

Mitigation Strategies

• Developed a Business Resumption Plan (BRP)
• Conducted regular drills on flood and typhoon
• Implemented flood and typhoon prevention control measures
• Implemented various retrofits to reduce energy consumption
• Completed carbon emission independent verification for Carbon Trading System (CTS)
• Installed waste heat recovery system from air compressor
• Implemented reactive power compensation technology
• Planning to install solar panels in Malaysia

Supply Chain Management

Supplier Audits: Regular audits conducted to assess supplier qualifications

Responsible Procurement

• Supplier Code of Conduct covering labour conditions, ethics, health and safety, and environment
• Green Procurement Procedure promoting environmentally friendly products

Climate-Related Risks & Opportunities

Physical Risks

• Increased frequency of severe weather events
• Rising sea levels

Transition Risks

• Carbon pricing mechanisms
• Technology substitution
• Market changes
• Reputation risks

Opportunities

• Development of energy-efficient products
• Renewable energy projects

Reporting Standards

Frameworks Used: GRI, HKEx ESG Reporting Guide, UN Global Compact

Certifications: ISO 14001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 7
• SDG 8
• SDG 9
• SDG 12
• SDG 13
• SDG 16

Computime's ESG initiatives align with these SDGs through enhancing environmental performance, achieving operational excellence, creating a decent workplace, and contributing to society.

Sustainable Products & Innovation

• Smart Home heating controls and other Smart Home devices improving energy efficiency

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• environmental protection
• energy conservation
• sustainable development
• smart and sustainable living

Environmental Achievements

• Implemented a “Green Office” policy worldwide, encouraging energy saving, waste reduction, recycling, and minimizing environmental impact of daily operations.
• Developed products and ecosystems for smart and sustainable living, including EV charging equipment, integrated smart irrigation, robotic lawnmowers, home security services, and AI thermostats.

Social Achievements

• Established an ESG management committee to develop and execute corporate ESG vision, strategy, and policies.
• Arranged various meetings and activities to strengthen employee relationships and promote company culture (Executive Committee Luncheons, Town Hall Meetings, company outings and holiday-themed parties).

Governance Achievements

• Founded an ESG management committee.

Climate Goals & Targets

Environmental Challenges

• Global macro business environment challenges due to ripple effects of the COVID-19 pandemic, affecting business activities and logistic capacities.
• Escalation of the Russo-Ukrainian conflict, exposing businesses to geopolitical risks.
• Soaring energy prices and material supply chain disruptions.
• Global inflation, economic policy changes, and exchange rate fluctuations.
• Transportation shortages leading to demand fluctuations and lower inventory turnover rate.

Mitigation Strategies

• Increased stock of critical parts to hedge against supply disruptions.
• Restructuring material management globally to enhance visibility and encourage supplier-customer collaboration.
• Optimizing cost structure through Lean Manufacturing Model and overhead reduction programs.
• Strategically diversified global manufacturing footprint.
• Reviewed Malaysian factory’s talent pool, management structure, systems, and business processes.
• Implemented SAP system in stages across various operations.

Supply Chain Management

Climate-Related Risks & Opportunities

Opportunities

• Capitalizing on the green trend and supporting households in achieving their net-zero goals.

Sustainable Products & Innovation

• EV chargers
• Smart irrigation systems
• Robotic lawnmowers
• Home security services
• AI thermostats

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity & Inclusion
• Governance
• Supply Chain Management
• Community Engagement

Environmental Achievements

• 27.8% year-over-year reduction in Scope 1 & 2 GHG emissions
• Commenced disclosure of Scope 3 GHG emission data (114.82 tCO2e from business air travel)
• Commenced use of renewable energy in Europe (30 solar panels in Romania)
• Adopted 1,000 trees in Ecuador through the PROAmazonía program
• Received LOOPPLUS label from WWF and ESG Connect Mark from HKQAA

Social Achievements

• Maintained zero work-related fatalities for the past eight years
• Achieved 100% training rate across all employee levels for the second consecutive year (32.5 average training hours per employee, an 87.2% increase)
• Maintained a balanced male to female ratio of 41:59
• Contributed over HK$311,000 to community projects

Governance Achievements

• Enhanced Board composition with half being Independent Non-Executive Directors (INEDs)
• Increased Board gender diversity by appointing 2 female INEDs
• Obtained ISO27001 Information Security Management certification
• Achieved 100% screening rate for new suppliers using environmental and social criteria

Climate Goals & Targets

Environmental Challenges

• Increased frequency of severe weather events impacting operations
• Rising sea levels affecting operations in certain regions
• Development of carbon pricing mechanisms increasing costs
• Enhanced disclosure obligations
• Substitution of existing products with lower-emission options
• Changes in customer behavior preferring eco-friendly products
• Pressure on supply chain due to extreme weather events

Mitigation Strategies

• Implementation of a Business Resumption Plan
• Regular drills for flood and typhoon preparedness
• Implementation of preventive measures recommended by insurer (waterproofing, suction pump, dust bags)
• Investing in low-carbon technologies
• Adopting new operating practices and processes
• Developing eco-friendly products and innovative smart solutions
• Strengthening supply chain resilience

Supply Chain Management

Supplier Audits: 100% of new suppliers screened using environmental and social criteria

Responsible Procurement

• Supplier code of conduct
• Environmental and social criteria in supplier contracts
• Capacity building for suppliers on environmental and social issues
• Incentives for excellent suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Increased frequency of extreme weather events
• Rising sea levels

Transition Risks

• Carbon pricing mechanisms
• Enhanced disclosure obligations
• Technological changes
• Market shifts

Opportunities

• Growing demand for eco-friendly products and innovative smart solutions

Reporting Standards

Frameworks Used: GRI Universal Standards 2021, HKEX ESG Reporting Guide, TCFD recommendations, UN SDGs

Certifications: ISO 14001:2015 (Mainland China factories), ISO 9001, ISO 13485, ISO 27001

Third-party Assurance: SGS Hong Kong Limited

UN Sustainable Development Goals

• Goal 3
• Goal 4
• Goal 5
• Goal 7
• Goal 8
• Goal 9
• Goal 10
• Goal 12
• Goal 13
• Goal 15
• Goal 16

Various activities and initiatives aligned with these goals (see Responding to Global Sustainable Development)

Sustainable Products & Innovation

• Super Quiet TRV
• Verdi EV Charger

Awards & Recognition

• iF DESIGN AWARD (Super Quiet TRV)
• Red Dot Award: Product Design 2023 (Verdi EV Charger)
• LOOPPLUS label from WWF
• ESG Connect Mark from HKQAA