Suoxinda Holdings Limited
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:210.73 tCO2e/year
Scope 1 Emissions:5.32 tCO2e/year
Scope 2 Emissions:49.02 tCO2e/year
Scope 3 Emissions:15.48 + 140.91 tCO2e/year
Total Energy Consumption:74,629.63 kWh/year
Water Consumption:1,220.29 m3/year
Waste Generated:6,270 tons/year
ESG Focus Areas
- Environmental protection
- Employee well-being
- Intellectual Property Protection
- Customer Privacy and Company Data Protection
- Supply Chain Management
- Anti-corruption
- Business Ethics
Environmental Achievements
- Reduced total emission of greenhouse gases per employee to 0.27 tonnes in 2022 from a baseline of 0.84 tonnes in 2021. Set a target to further reduce this over the next 3 years.
- Donated computers to boarding schools in Yajiang County
Social Achievements
- Maintained a 100% renewal rate with major customers, with revenue from eight customers exceeding RMB10,000,000.
- Successfully renewed ISO9000 and CMMI3 quality management system certifications.
- Established a work injury management response team.
- Provided supplemental commercial insurance and annual body check for employees.
Governance Achievements
- Established anti-corruption and whistle-blowing policies.
- Implemented a rank system internally to help employees understand their position and career path.
- Established a product intellectual property management system.
Climate Goals & Targets
Short-term Goals:
- Reduce total emission of greenhouse gases per employee over the next 3 years.
- Reduce electricity consumption per employee and fuel consumption per employee over the next 3 years.
- Reduce water consumption per employee over the next 3 years.
- Reduce the amount of non-hazardous waste discarded per employee over the next three years.
Environmental Challenges
- Slowdown, acceptance delay, and increased costs of some projects due to the COVID-19 pandemic and related control measures.
- Lower gross profit of orders from new strategic customers.
- Longer testing and delivery cycle for data analysis solutions projects due to the COVID-19 pandemic.
Mitigation Strategies
- Improved operational efficiency and management capabilities, including strengthening project management and improving human resources efficiency.
- Cut expenses, reduced costs, and enhanced efficiency, including senior management’s voluntary salary cuts and streamlining office space.
- Enhanced cash flow management, expanded financing channels, obtained convertible loans of RMB100,000,000 from Financial Street Capital, and raised HK$60,826,000 through private placement.
Supply Chain Management
Supplier Audits: All suppliers engaged by the Group have been reviewed.
Responsible Procurement
- Prohibiting commercial bribery
- Establishing a reporting channel for supplier feedback
- Ensuring confidentiality through agreements with confidentiality clauses.
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events disrupting operations
Transition Risks
- Stricter environmental laws and regulations increasing compliance costs and risks.
Reporting Standards
Frameworks Used: Appendix 27 of the Rules Governing the Listing of Securities issued by the Stock Exchange of Hong Kong Limited
Certifications: ISO9000, CMMI3, ISO27001