AB Builders Group Limited
Climate Impact & Sustainability Data (2019, 2021, 2022)
Reporting Period: 2019
Environmental Metrics
Total Carbon Emissions:226.89 tCO2e
Scope 1 Emissions:52.25 tCO2e
Scope 2 Emissions:174.64 tCO2e
Total Energy Consumption:202,843.31 kWh
Water Consumption:4,550.37 m3
Waste Generated:282.09 tonnes (non-hazardous), 4.72 tonnes (hazardous)
Carbon Intensity:1.35 tCO2e per FTE
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Implemented ISO 14001:2015 certified environmental management system (EMS)
- Various measures to reduce dust diffusion in construction sites (sprinkling water, dustproof canvas)
- Use of non-road mobile machinery with certified labels
Social Achievements
- Competitive remuneration packages reviewed annually
- Additional employee benefits (sick leave, maternity leave, etc.)
- Zero tolerance for discrimination or harassment
- Extensive investment in employee training and development (internal and external courses)
- Organized various employee activities (sport events, cooking lessons, etc.)
Governance Achievements
- Established a whistle-blowing system to investigate unfair treatment
- Strict compliance with anti-corruption laws and regulations
- Anti-money laundering and anti-fraud policy in place
- Code of Conduct addressing conflict of interests and confidential information
Climate Goals & Targets
Environmental Challenges
- High accident rate in construction industry
- Significant amount of construction waste generated
- Noise pollution from construction sites
Mitigation Strategies
- OHSAS 18001 Occupational Health and Safety Management System certification
- Regular safety training and inspections
- Provision of protective equipment
- Waste segregation and reuse of inert substances
- Landfilling and incineration of waste
- Noise control measures (soundproofing materials, low-noise machines)
Supply Chain Management
Supplier Audits: Stringent evaluation process for new suppliers and annual performance reviews for existing suppliers
Responsible Procurement
- Vetting process for business licenses, accreditations, and qualifications
- Review of environmental impact, safety, anti-bribery policy, and corruption risk management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: HKEx ESG Reporting Guide
Certifications: ISO 9001, ISO 14001:2015, OHSAS 18001
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:58.28 tCO2e/year
Scope 1 Emissions:4.74 tCO2e/year
Scope 2 Emissions:53.11 tCO2e/year
Scope 3 Emissions:0.43 tCO2e/year
Total Energy Consumption:76,788.00 MWh/year
Water Consumption:1,418.00 m3/year
Waste Generated:38.53 tons/year
ESG Focus Areas
- Employee Care
- Services and Product Responsibility
- Ethical Business
- Environmental Sustainability
- Community Participation
Environmental Achievements
- Established an ISO 14001:2015 certified EMS to manage environmental risks.
- Reduced total GHG emission to 58.28 tonnes CO2e in 2021 (reduction attributed to reduced electricity and fuel consumption during the COVID-19 pandemic).
Social Achievements
- Implemented competitive remuneration packages.
- Maintained a workplace free of occupational dangers with no work-related fatalities or lost days due to work injuries in 2021.
- Provided 193 hours of training to employees in 2021.
- No material non-compliance with laws relating to compensation, dismissal, recruitment, promotion, working hours, rest periods, equal opportunity, diversity, anti-discrimination, other benefits and welfare, and child and forced labour.
Governance Achievements
- Established a Code of Conduct to guide employee behavior.
- Implemented anti-corruption policies and training programs.
- No material non-compliance with laws and regulations relating to bribery, extortion, fraud, and money laundering.
Climate Goals & Targets
Medium-term Goals:
- Reduce non-hazardous waste intensity by 13% by 2030 (from 2020 baseline).
- Reduce hazardous waste intensity by 40% by 2030 (from 2018 baseline).
- Reduce total GHG intensity by 19% by 2030 (from 2019 baseline).
- Reduce electricity intensity by 10% by 2030 (from 2020 baseline).
- Reduce water intensity by 60% by 2030 (from 2019 baseline).
Environmental Challenges
- Widespread diseases (COVID-19 pandemic)
- Climate-related physical risks (extreme weather events)
- Noise pollution from construction activities
Mitigation Strategies
- Implemented COVID-19 Epidemic Prevention and Measures Management Procedures.
- Established an Emergency Contingency Plan to address environmental threats.
- Implemented noise mitigation measures, including administrative controls, use of quieter machinery, and employee training.
Supply Chain Management
Supplier Audits: 150 suppliers globally; rigorous evaluation process before contract signing; annual performance evaluation.
Responsible Procurement
- Product and service quality assessment
- Company licenses and accreditations verification
- Product sampling and evaluation
- Consideration of product’s environmental criteria
- Assessment of supplier’s environmental management systems, policies, and compliance status
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events affecting power supply, property assets, and business operations
Transition Risks
- Stringent regulatory disclosure requirements
- Growing expectations from business partners on climate change
Reporting Standards
Frameworks Used: HKEx ESG Reporting Guide
Certifications: ISO 14001:2015, ISO 45001:2018, ISO 9001:2015
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:28.28 tCO2e/year
Scope 1 Emissions:1.67 tCO2e/year
Scope 2 Emissions:22.87 tCO2e/year
Scope 3 Emissions:3.74 tCO2e/year
Total Energy Consumption:36,892 kWh/year
Water Consumption:404 m3/year
Waste Generated:13.07 tons/year (non-hazardous)
ESG Focus Areas
- Environmental protection
- Occupational health and safety
- Employee well-being
- Business ethics
- Community engagement
Environmental Achievements
- San Fong Seng Construction & Engineering Company Limited and Lap Polly Engineering Company Limited obtained ISO 14001:2015 certification.
- Reduced total GHG emission to 28.28 tonnes of CO2e in 2022 (from 58.28 tonnes in 2021).
Social Achievements
- Implemented COVID-19 Epidemic Prevention and Measures Management Procedures.
- Participated in Macau Walk for a Million, raising MOP 5,000 for charity.
- Provided approximately 66 hours of training per employee in 2022.
Governance Achievements
- Complied with the Corporate Governance Code.
- Established three Board committees: Audit, Remuneration, and Nomination.
- Implemented a Code of Conduct for employees and business partners.
Climate Goals & Targets
Medium-term Goals:
- Reduce non-hazardous waste intensity by 13% by 2030.
- Reduce hazardous waste intensity by 40% by 2030.
- Reduce total GHG intensity by 19% by 2030.
- Reduce electricity intensity by 10% by 2030.
- Reduce water intensity by 60% by 2030.
Environmental Challenges
- Decrease in revenue due to fewer projects awarded in 2022.
- Widespread diseases (COVID-19) impacting workforce health and safety.
- Extreme weather events potentially impacting operations and finances.
- Economic uncertainties and global instabilities.
Mitigation Strategies
- Implemented tight cost control procedures.
- Developed COVID-19 Epidemic Prevention and Measures Management Procedures.
- Prepared an emergency contingency plan for extreme weather events.
- Actively seeking new business opportunities through mergers, acquisitions, and partnerships.
Supply Chain Management
Supplier Audits: 45 suppliers and/or subcontractors audited in 2022.
Responsible Procurement
- Comprehensive review of potential suppliers.
- Yearly performance assessment of current suppliers.
- Promoting environmentally preferable products.
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events damaging property and impacting operations.
Transition Risks
- Regulatory changes and market shifts towards environmental consciousness.
Opportunities
- Development of energy-efficient products and services.
Reporting Standards
Frameworks Used: ESG Reporting Guide (Appendix 27 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited)
Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018