Climate Change Data

Karin Technology Holdings Limited

Climate Impact & Sustainability Data (2020-07 to 2021-06, 2021-07 to 2022-06, 2022-07 to 2023-06, 2023-07 to 2024-06)

Reporting Period: 2020-07 to 2021-06

Environmental Metrics

Total Carbon Emissions:401.46 tCO2e/year
Scope 1 Emissions:13.94 tCO2e/year
Scope 2 Emissions:320.02 tCO2e/year
Scope 3 Emissions:67.50 tCO2e/year
Total Energy Consumption:915.70 MWh/year

ESG Focus Areas

  • Economic
  • Environmental
  • Social

Environmental Achievements

  • Implemented energy-saving strategies in the office to mitigate energy consumption and greenhouse gas emissions (details provided in report)

Social Achievements

  • Maintained zero cases of work-related injury, occupational disease, or fatality.
  • Provided 58 products and technical training; total training hours: 496.50; average training hours: 2.34
  • Maintained zero incidents of discrimination.
  • Donated 5,000 surgical masks to fight COVID-19.

Governance Achievements

  • Maintained zero confirmed incidents of corruption.
  • Maintained zero substantiated complaints concerning breaches of customer privacy and losses of customer data.
  • Maintained zero incidents of non-compliance with laws and regulations.

Climate Goals & Targets

Environmental Challenges

  • Total energy consumption increased by 8.61% compared to FY 2020.
  • Gradual community concern on climate change due to increased energy consumption and GHG emissions.
Mitigation Strategies
  • Implemented energy-saving strategies (detailed in the report), including switching off appliances, maintaining optimal indoor temperature, using energy-saving light bulbs, and encouraging stair use.

Supply Chain Management

Supplier Audits: Annual assessment and review of supplier performance

Responsible Procurement
  • Procurement Policy and ISO standard in place providing procurement guidelines, including selection and evaluation of suppliers based on track record, experience, capability, and quality.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards: Core option, Singapore Exchange Securities Trading Limited (SGX-ST) Listing Rules (711A and 711B), Singapore Exchange Limited (SGX) Sustainability Reporting Guide

Certifications: ISO 9001:2015

Awards & Recognition

  • Caring Company (awarded for five consecutive years by the Hong Kong Council of Social Service)

Reporting Period: 2021-07 to 2022-06

Environmental Metrics

Total Carbon Emissions:186.79 tCO2e/year
Scope 1 Emissions:14.63 tCO2e/year
Scope 2 Emissions:152.11 tCO2e/year
Scope 3 Emissions:20.05 tCO2e/year
Total Energy Consumption:464.43 MWh/year

ESG Focus Areas

  • Economic
  • Environmental
  • Social

Environmental Achievements

  • Total energy consumption reduced by 49.3%
  • Total GHG emissions reduced from 401.46 tonnes CO2 equivalent in FY2021 to 186.79 tonnes CO2 equivalent in FY2022

Social Achievements

  • New hire rate: 25%
  • Employee turnover rate: 21%
  • Maintained zero cases of work-related injury, occupational disease, or fatality
  • Provided 38 products and technical training; total training hours: 218.5 hours; average training hours: 1 hour
  • Maintained zero incidents of discrimination
  • $10,000 cash donation to local communities; food and clothes donation; support for child online learning

Governance Achievements

  • Maintained zero confirmed incidents of corruption
  • Maintained zero incidents of non-compliance with laws and regulations
  • Maintained zero substantiated complaints concerning breaches of customer privacy and losses of customer data

Climate Goals & Targets

Environmental Challenges

  • COVID-19 pandemic impact on operations and supply chain
  • Global shortage of component materials and IC chipsets
Mitigation Strategies
  • Work from Home (WFH) arrangement
  • Business transformation to meet changing economic landscape
  • Diversification of supplier bases
  • Strengthened controls in the assessment of new suppliers
  • Annual assessment and review of supplier performance

Supply Chain Management

Supplier Audits: Annually

Responsible Procurement
  • Procurement Policy
  • ISO standard

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards: Core option, Singapore Exchange Securities Trading Limited (SGX-ST) Listing Rules (711A and 711B), Singapore Exchange Limited (SGX) Sustainability Reporting Guide

Certifications: ISO 9001:2015

Reporting Period: 2022-07 to 2023-06

Environmental Metrics

Total Carbon Emissions:381.39 tCO2e/year
Scope 1 Emissions:11.99 tCO2e/year
Scope 2 Emissions:343.77 tCO2e/year
Scope 3 Emissions:25.63 tCO2e/year
Total Energy Consumption:972.78 MWh/year
Water Consumption:445 m3/year
Waste Generated:17,290 kg/year

ESG Focus Areas

  • Economic
  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Total water consumption decreased by 49%
  • Implemented energy-saving strategies in the office to mitigate energy consumption as well as greenhouse gas emissions

Social Achievements

  • Provided 49 products and technical training; Total training hours: 1,205.5 hours; Average training hours: 6.66 hour
  • Maintained zero cases of work-related injury, occupational disease nor fatality
  • Contributed a total of 53.5 volunteer hours in participating environmental protection activities and social service
  • HKD$30,000 cash donation on personal hygiene and protection products

Governance Achievements

  • Maintained zero confirmed incidents for corruption
  • Maintained zero incidents of non-compliance with laws and regulations
  • Maintained zero substantiated complaints concerning breaches of customer privacy and losses of customer data
  • Our quality management systems have attained ISO 9001:2015 Quality Management Systems certification

Climate Goals & Targets

Long-term Goals:
  • Meet the Hong Kong government’s carbon reduction pathway and the Singapore government’s Long-Term Low-Emissions Development Strategy (LEDS), which are achieving carbon neutrality by 2050 and by 2060 in PRC
Medium-term Goals:
  • Ensure the Group’s greenhouse gas emissions will comply with the local requirements on or before 2030
Short-term Goals:
  • Reduce GHG emissions by around 5% by 2026

Environmental Challenges

  • Increase in energy consumption (126%) and GHG emissions (104%) due to post-pandemic recovery of normal operations
  • Increase in total waste generation (7%) due to rising inventory levels
  • Potential physical risks from extreme weather events impacting assets and operations
  • Transition risks related to technology development, market shifts, and potential new regulations
Mitigation Strategies
  • Implementing energy-saving practices, monitoring resource consumption, reducing unnecessary business travel, and encouraging the use of digital means
  • Monitoring waste generation and encouraging reduce, reuse, and recycle practices
  • Establishing contingency plans for extreme weather and emergency conditions
  • Monitoring market and policy updates, identifying relevant risks, and exploring opportunities to expand business and accelerate transformation

Supply Chain Management

Supplier Audits: Annual assessment and review of supplier performance

Responsible Procurement
  • Procurement Policy and ISO standard

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
Transition Risks
  • Implementation of low-carbon policies
  • Changes in supply and demand
  • Potential new regulations
  • Development and use of emerging technologies
Opportunities
  • Development of energy-efficient products and services
  • Transitioning to low-carbon economy market

Reporting Standards

Frameworks Used: GRI Universal Standards 2021, TCFD

Certifications: ISO 9001:2015

Third-party Assurance: Internal audit

Reporting Period: 2023-07 to 2024-06

Environmental Metrics

Total Carbon Emissions:396.44 tCO2e/year
Scope 1 Emissions:10.95 tCO2e/year
Scope 2 Emissions:347.05 tCO2e/year
Scope 3 Emissions:38.44 tCO2e/year
Total Energy Consumption:929.75 MWh/year
Water Consumption:339 m3/year
Waste Generated:17,104 kg/year

ESG Focus Areas

  • Economic
  • Environmental
  • Social

Environmental Achievements

  • Total energy consumption decreased by 4%
  • Total water consumption decreased by 24%
  • Total waste generation remained at similar level
  • Exhaust gas emissions decreased by approximately 7.71%

Social Achievements

  • Zero cases of work-related injury, occupational disease, or fatality
  • No incident of discrimination
  • No substantiated complaints concerning breaches of customer privacy and losses of customer data
  • Provided 78 products and technical training sessions and on-the-job training; Total training hours: 1,030.3 hours

Governance Achievements

  • Maintain zero confirmed incidents for corruption
  • Maintain zero incidents of non-compliance with laws and regulations
  • Our quality management systems have attained ISO 9001:2015 Quality Management Systems certification

Climate Goals & Targets

Long-term Goals:
  • Achieve carbon neutrality by 2050
Medium-term Goals:
  • Ensure the Group’s GHG emissions will comply with the local requirements on or before 2030
Short-term Goals:
  • Reduce GHG emissions intensity by 5% by FY2026
  • Reduce water consumption and sewage discharge by 5% by FY2026
  • Reduce waste generation by 5% by FY2026
  • Reduce air pollutant intensity by 5% by FY2026

Environmental Challenges

  • Potential for heavy rainfall, rising tides, and floods to damage assets and interrupt product delivery
  • Transition risks – Implementation of low-carbon policies for the operation
  • Transition risks - Supply and demand for certain commodities, products and services may change as climate-related risks and opportunities are increasingly considered
Mitigation Strategies
  • Implemented energy-saving strategies in the office to mitigate energy consumption and GHG emissions
  • Implemented water conservation measures
  • Implemented waste reduction strategies (3Rs)
  • Gradually replacing traditional petrol vehicles with EVs
  • Contingency plan for extreme weather or emergency conditions

Supply Chain Management

Supplier Audits: Annual assessment and review of supplier performance

Responsible Procurement
  • Procurement Policy and ISO standard

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
  • Flooding
Transition Risks
  • Implementation of low-carbon policies
  • Changes in supply and demand
  • Potential new regulation and policies
  • Development and use of emerging technologies
  • Changing customer or community perceptions
Opportunities
  • Development of energy-efficient products
  • Transitioning to low carbon economy market
  • Increasing market demand for EV chargers

Reporting Standards

Frameworks Used: GRI Universal Standards 2021, TCFD

Certifications: ISO 9001:2015

Sustainable Products & Innovation

  • EV charging solutions

Awards & Recognition

  • Caring Company Award