Climate Change Data

Environmental Metrics

ESG Focus Areas

• Anti-corruption
• Occupational health and safety
• Prevention of child labor or forced labor
• Employee development and training
• Product responsibility
• Community engagement
• Supply chain management
• Appropriate employment environment
• Effective use of resources
• Environmental impact of business activities

Environmental Achievements

• Installed a system to utilize rainwater for golf course maintenance and recycle tailwater.
• Used recycled paper and promoted a paperless office.
• Implemented electronic platform for document approval to reduce paper use.
• Built a sewage treatment station and waste gases treatment facilities.

Social Achievements

• Provided staff training based on the actual needs of different positions.
• Offered fair and competitive remuneration packages and a wide range of fringe benefits.
• Organized teambuilding activities for employees.
• Provided staff dormitory and entertainment facilities.

Governance Achievements

• Established a Risk Control Department to monitor risks and ensure effective controls.
• Implemented a Purchasing Management System to uphold integrity and prevent bribery.
• Entered into letters of undertaking on integrity with key employees.
• Established an employment mechanism and issued an Employee Handbook.

Climate Goals & Targets

Environmental Challenges

• High water consumption of golf courses.
• Paper consumption.
• Managing environmental and social risks associated with suppliers.

Mitigation Strategies

• Utilized rainwater and recycled tailwater for golf course irrigation.
• Promoted paperless office and electronic communication.
• Formulated Purchasing Management System and planned to enter into letters of undertaking on social responsibility with suppliers.

Supply Chain Management

Responsible Procurement

• Purchasing Management System, price consultation or tendering for bulk supplies, planned letters of undertaking on social responsibility.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Stock Exchange of Hong Kong Limited’s Environmental, Social and Governance Reporting Guide

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Engaged an independent consulting firm to conduct a carbon evaluation.
• Installed energy-saving streetlights, saving approximately 65% of electricity consumption compared to traditional streetlights.
• Implemented nightlight stadium power management to reduce energy waste.
• Utilized 17 rainwater storage lakes for lawn maintenance.
• Phased out petrol golf carts and replaced them with electric golf carts.

Social Achievements

• Established a love-home service center (employee caring center) for employees in Dongguan.
• Organized numerous sports and entertainment activities for employees.
• Employees participated in global sports games.
• Provided safety knowledge training for employees.
• Implemented Work Stress Management and Correct Use of Display Screen Equipment programs.

Governance Achievements

• Established an environmental, social, and governance working group.
• Formulated an “Environmental, Social, and Governance Policy”.
• Revised the “Management Regulations on Staff Awards and Disciplinary Measures”.

Climate Goals & Targets

Environmental Challenges

• CWT SG was in the process of business integration and was not included in the report's scope.
• The Group was enhancing its internal data collection procedures.

Mitigation Strategies

• The Group planned to state the performance of its core business in environmental, social, and governance in the next year's report.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Suppliers required to sign a “Social Responsibility Commitment”.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Stock Exchange’s Environmental, Social and Governance Reporting Guide

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Caring Company (Hong Kong Council of Social Service)

Environmental Metrics

ESG Focus Areas

• Environmental Protection
• Labour Standard
• Supply Chain Management
• Service Quality
• Anti-corruption policy
• Protection of Intellectual property rights
• Employment arrangement
• Employee welfare
• Occupational health and safety
• Prevention of child and forced labour
• Customer data privacy and data security
• Community involvement

Environmental Achievements

• Three warehouses awarded Singapore BCA Green Mark Building Award, with Mega Hub achieving Platinum rating in 2017.
• Upgraded golf course sprinkler irrigation system, enhancing water efficiency.
• Implemented energy-saving features in cold chain logistics, such as well-insulated freezer storage and ammonia refrigerant.

Social Achievements

• Organized 41 staff activities with over 4,000 participations in Dongguan's Love-Home Service Centre.
• Achieved 98% customer satisfaction rate for golf course operation.
• Provided transportation logistics for Children’s Cancer Foundation’s “Hair for Hope” campaign.

Governance Achievements

• Established an ESG working group to oversee and implement ESG initiatives.
• Implemented anti-corruption training for Hong Kong office staff by inviting representatives from the Independent Commission Against Corruption.
• Formulated Conflict Minerals Policy in compliance with OECD Due Diligence Guidance.

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions (implied, not explicitly stated)
• Maintaining high safety standards across diverse operations.

Mitigation Strategies

• Close collaboration with suppliers to meet ESG standards.
• Implementation of robust security management systems and crime prevention measures.
• Regular safety training and implementation of health and safety management systems.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier policy requiring commitment to sustainable development principles (ethical conduct, health & safety, employment practices, human rights, environmental sustainability).

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: HKEX ESG Reporting Guide

Certifications: ISO 9001:2015, ISO 14001:2015, OHSAS 18001:2007, ISO 22000:2015, HACCP, ISO/PAS 22399:2007, ISO 28000:2007, Halal

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Caring Company logo (Hong Kong Council of Social Service)
• Best Charitable Brand Award (8th Charity Festival 2018)

Environmental Metrics

ESG Focus Areas

• Environmental protection
• Employment and labour practices
• Operating practices
• Community contribution
• Climate change
• Supply chain management
• Data protection & cyber security
• Anti-corruption

Environmental Achievements

• Three warehouses obtained Singapore BCA Green Mark Building Award
• Adoption of energy efficient chilled water mechanical ventilation and air conditioning system
• Adoption of variable-frequency drive water pumps and cooling tower fans
• Prefer LED lighting system to traditional one
• Use cool roof design to reduce air conditioning needs
• Use well insulated freezer storage for better heat insulation
• Use ammonia gas as refrigerant for larger cold room

Social Achievements

• Established an internal charity group, CWT HOPE, to enhance community investment and social contribution
• Donated S$29,800 to various charitable organizations in Singapore
• Implemented pandemic prevention measures in the workplace to prevent the spread of Covid-19
• Arranged over 2,000 hours of trainings for employees

Governance Achievements

• Established a comprehensive ESG Policy
• Formulated a series of policies and systems in accordance with applicable laws and regulations
• Implemented stringent controls to address significant ESG risks
• Board oversees ESG matters and ensures long-term value for stakeholders

Climate Goals & Targets

Environmental Challenges

• Extraordinarily difficult business and operational environment due to global economic fluctuations and uncertainties
• Impact of Covid-19 on CWT HOPE's charity work
• Data collection system optimization during the reporting period, making direct comparison of non-hazardous waste data difficult

Mitigation Strategies

• Continued efforts toward sustainable development despite challenges
• Implemented pandemic prevention measures in the workplace
• Continued commitment to giving back to society through donations
• CWT HOPE will continue its endeavor to make social contributions in the coming year if possible

Supply Chain Management

Responsible Procurement

• Procurement Policy incorporating business ethics and integrity, expecting suppliers to uphold sustainability principles

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: HKEX ESG Reporting Guide

Certifications: ISO 14001:2015, OHSAS 18001:2017/ISO 45001:2018, ISO 9001:2015, ISO 28000:2007, ISO 22000:2005, Halal certification, ISO 22301:2012

Awards & Recognition

• Singapore BCA Green Mark Building Award (three warehouses)

Environmental Metrics

ESG Focus Areas

• Environmental protection
• Employment and labour practices
• Operating practices
• Community contribution

Environmental Achievements

• Automated route optimization to increase vehicle efficiency, minimizing empty miles trucking with more backhauls, and deploying electric forklifts and top lifters in operations. Deployed energy-efficient resources such as solar energy, sensor motion detectors, and more efficient lighting in warehouse buildings. Accelerated digital transformation to streamline processes and eliminate paper trail.
• Three warehouses obtained Singapore BCA Green Mark Building Award.

Social Achievements

• Continued support for various charities through community involvement and corporate giving. Implemented COVID-19 safety management measures prioritizing employee well-being.
• Established a sound occupational health and safety system.

Governance Achievements

• Maintained a balanced risk profile and managed costs prudently. Engaged in strategic, compliance, risk, and sustainability-related issues through regular board and management meetings.
• Formulated a policy to identify and mitigate significant climate-related issues, and set targets on each of the ESG areas.

Climate Goals & Targets

Environmental Challenges

• Global supply chain delays and labor shortages due to the ripple effects of the pandemic.
• Challenges in initiating charity programs due to the spread of the pandemic.

Mitigation Strategies

• Implemented Safe Management Measures at Workplace with a series of pandemic prevention measures to minimize the risk of spread of viruses at work.
• Endeavored to create value to spread love and care to the needy on an ongoing basis despite challenges.

Supply Chain Management

Supplier Audits: 1,167 suppliers engaged, most of them local suppliers. Implemented practices relating to engaging suppliers with all suppliers during the Reporting Period.

Responsible Procurement

• Incorporated terms of business ethics and integrity into Procurement Policy. Expected suppliers to practice sustainability in their daily operations.
• Implemented green procurement strategy by setting out green procurement specifications to consider suppliers’ environmental and social performance, encouraging suppliers to provide environmentally friendly alternatives.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather such as floods, droughts, and heat waves posing risks to facilities and business operations, affecting employee health and safety.

Opportunities

• Improving energy efficiency of operations with cleaner energy and alternative renewable resources.

Reporting Standards

Frameworks Used: HKEx ESG Reporting Guide

Certifications: OHSAS 18001:2017/ISO 45001:2018 (Logistics), ISO 14001:2015 (Logistics), ISO 9001:2015 (Logistics), ISO/PAS 22399:2007 (Logistics), UN Marking Certification (Logistics), ISO 28000:2007 (Logistics), HACCP (Logistics), ISO 22000:2005 (Logistics), Halal certification (Logistics), ISO 22301:2012 (Logistics)

Awards & Recognition

• Singapore BCA Green Mark Building Award (three warehouses)

Environmental Metrics

ESG Focus Areas

• Energy efficiency and carbon emissions
• Staff welfare
• Equal opportunity, diversity and anti-discrimination
• Occupational health and safety
• Employment compliance
• Human rights
• Customer services
• Data protection and cybersecurity
• Anti-corruption and bribery
• Prevention of anti-competitive practices

Environmental Achievements

• Obtained a green building certificate (SGBS)
• Upgraded logistics services with fleet tracking devices to optimize delivery and route efficiency while reducing carbon footprint
• Increasing the use of renewable energy

Social Achievements

• No material non-compliance with applicable laws and regulations in relation to compensation and dismissal, recruitment, promotion, working hours, rest periods, equal opportunity, diversity, anti-discrimination, other benefits and welfare, health and safety, and labour standards.
• Organized summer events, birthday parties and department gatherings to promote bonding and a sense of belonging
• Provided weekly fitness classes to encourage healthy lifestyles and ease workplace stress
• Supported the Children’s Cancer Foundation’s “Hair for Hope” campaign
• Supported the “Hope Train” campaign for children with cancer
• Supported the B2 Run for child education
• Provided monetary donations to sponsor vision teacher training programs for iC2 PrepHouse
• Contributed to the E-flag Day for vulnerable seniors
• Supported Just Duet 2022 for legal aid and advice to vulnerable groups
• Made a charitable donation to Swiss Solidarity to address humanitarian needs in Ukraine

Governance Achievements

• Updated Compliance Framework in MRI Trading AG to refine policies on anti-corruption, supply chain management and grievance reporting
• Provided anti-corruption training to both employees and directors

Climate Goals & Targets

Environmental Challenges

• Increased operating and maintenance costs due to infrastructure damage from extreme weather events
• Increased health and safety hazards from extreme weather events
• Ongoing disruptions to operations and supply chains from extreme weather events
• Reduced workforce productivity from extreme weather events
• Reduced revenues due to decreased customer demand
• Reduced capital availability
• Increased operating costs due to greater compliance costs
• Reduced revenue due to loss of potential and current ESG-conscious customers
• Increased costs associated with research and development of lower-emission products and/or solutions

Mitigation Strategies

• Regular inspections and maintenance to ensure facilities and equipment are resilient to adverse weather conditions
• Appropriate insurable risk management to cover related risks
• Developing and continuously reviewing carbon emission target and reduction plan
• Constantly exploring the potential of improving the energy efficiency of operations
• Paying close attention to market and industry trends regularly
• Maintaining active engagement with stakeholders to understand their expectations
• Establishing green targets and relevant policies
• Regularly monitoring regulatory changes and reviewing relevant policies
• Switching to less carbon-intensive fuels
• Establishing the long-term goal of phasing out fossil-fueled vehicles by 2040
• Disclosing ESG performance and demonstrating ESG commitments and achievements

Supply Chain Management

Supplier Audits: Annual sustainability risk assessment

Responsible Procurement

• Rigorous supplier selection and management process
• Updated supply chain policy of MRI Trading AG to incorporate management approaches, mitigation measures, and expectations for suppliers with regard to responsible sourcing of minerals from conflict-affected and high-risk areas and prevention of child labour

Climate-Related Risks & Opportunities

Physical Risks

• Increased severity and frequency of extreme weather events
• Long-term changes in precipitation and weather patterns

Transition Risks

• Reduced revenues due to decreased customer demand
• Reduced capital availability
• Increased operating costs due to greater compliance costs
• Reduced revenue due to loss of potential and current ESG-conscious customers
• Increased costs associated with research and development of lower-emission products and/or solutions

Reporting Standards

Frameworks Used: HKEx ESG Reporting Guide

Certifications: ISO 9001:2015, ISO 22000:2018, bizSAFE Partner and bizSAFE Level 3 certificate, bizSAFE Star certificate, ISO 14001: 2015, ISO 22301

Awards & Recognition

• MRI Trading AG ranked in the top 25% of comparable traders by EcoVadis

Environmental Metrics

ESG Focus Areas

• Energy efficiency and carbon emissions
• Employee well-being
• Diversity, equity, and inclusion
• Occupational health and safety
• Employment compliance
• Respect for human rights
• Ethically responsible sourcing
• Customer service and satisfaction
• Data protection and cybersecurity
• Anti-corruption and anti-bribery

Environmental Achievements

• Implemented waste reduction strategies such as recycling, reusing, and proper disposal of non-hazardous waste (Achieved)
• Responsibly utilized water and enhanced water efficiency across operations (Achieved)
• Logistics services achieved the prestigious “1 Million Manhours with Zero Lost Time” accreditation from ExxonMobil.

Social Achievements

• Organized various employee activities to cultivate employees’ bonding and sense of belonging
• Provided various health and safety training programs to employees to raise their safety awareness
• Participated in the Fire Safety Ambassador Scheme in Hong Kong
• Supported the Children’s Cancer Foundation’s “Hair for Hope” campaign in Singapore
• Made charitable donations to Smile Asia

Governance Achievements

• Established a comprehensive risk management and internal control procedure for commodity marketing to mitigate price risks and volatility
• Provided training on anti-corruption to both employees and directors
• Established whistleblowing channel and Grievance Reporting Policy

Climate Goals & Targets

Environmental Challenges

• Global warming leading to more intense and frequent climate events (e.g., typhoons in Hong Kong, heatwaves in Singapore)
• Potential risks related to commodity marketing business nature (e.g., price risks and volatility)

Mitigation Strategies

• Prepared to comply with future Hong Kong regulations requiring disclosure of climate change issues
• Established a comprehensive risk management and internal control procedure, and used advanced financial instruments and insurance facilities to mitigate risks in commodity marketing
• Implemented appropriate insurable risk management to cover climate-related risks
• Adopted special arrangements and continuity plans during extreme weathers to ensure business continuity and protect employees’ health
• Developed and continuously review carbon emission target and reduction plan

Supply Chain Management

Supplier Audits: Regular monitoring of supplier performance

Responsible Procurement

• Supplier selection based on criteria including quality, competence, stability, environmental performance, ethical practices, and labor rights
• Encouraging suppliers to adopt sustainable practices

Climate-Related Risks & Opportunities

Physical Risks

• Increased severity and frequency of extreme weather events
• Increased operating and maintenance costs due to infrastructure damage
• Increased health and safety hazards
• Ongoing disruptions to the operations and supply chains
• Reduced workforce productivity

Transition Risks

• Reduced revenues due to decreased customer demand
• Reduced capital availability
• Increased operating costs due to greater compliance costs
• Reduced revenue due to loss of potential and current ESG-conscious customers
• Increased costs associated with research and development of lower-emission products and/or solutions
• Reputation Risks

Opportunities

• Fleet renewal for decarbonization
• Energy-saving measures
• Transition to renewable energy

Reporting Standards

Frameworks Used: HKEx ESG Reporting Guide

Certifications: ISO 14001, ISO 45001, ISO 9001, ISO 22301, ISO 22000, ISO 55001, bizSAFE Star, bizSAFE Partner, bizSAFE Level 3

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Silver Medal for ESG rating by EcoVaids