Climate Change Data

Environmental Metrics

ESG Focus Areas

• Health and safety
• Compliance with laws and regulations
• Customer satisfaction
• Anti-corruption
• Development and training
• Supply chain management
• Service quality and standard
• Technology innovation and fire fighting equipment
• Employment practice
• Prevention of child and forced labour
• Waste management
• Energy management
• Community participation
• Greenhouse gas emissions
• Climate change

Environmental Achievements

• Obtained ISO 14001 Environmental Management System certification since 2010
• Installed solar panels on the rooftop of its Yuen Long workshop since 2023

Social Achievements

• Received certification for its commitment in equal opportunities
• Enlisted in the list of organisations that have pledged to adopt the Code of Practice again discrimination
• Acquired the certification of ISO 45001 Occupational Health and Safety Management System Standard

Governance Achievements

• Established an ESG working group
• Adopted a whistle-blowing policy
• Adopted an Anti-corruption Policy

Climate Goals & Targets

Environmental Challenges

• Increased diesel consumption due to more frequent deliveries to customers located farther away from the Group’s workshop
• Increased paper consumption due to more participation in tender invitations
• Extreme weather events impacting supply chain and assets
• Stringent environmental regulations and climate-related legislation

Mitigation Strategies

• Use local suppliers to reduce transportation
• Include more construction projects in the “BEAM Plus New Buildings” certification
• Transition from petrol-powered vehicles to hybrid vehicles
• Apply biodegradable engine oil
• Review delivery schedules and make better logistics arrangements
• Use electronic communication, recycle paper and toners, provide waste classification boxes, encourage double-sided printing, engage a qualified metal recycling company
• Established relevant policies to adapt and mitigate potential risks from extreme weather events
• Closely monitor changes in business environment and policy, adjust business strategies to support decarbonisation

Supply Chain Management

Supplier Audits: Implemented supplier engagement related practices for all major suppliers

Responsible Procurement

• Green procurement philosophy
• Include environment and social factors in supplier selection

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (floods, rainstorms, typhoons)

Transition Risks

• Stringent environmental regulations
• Climate-related legislation
• Compliance risks
• Reputational risks

Reporting Standards

Frameworks Used: ESG Reporting Guide (Appendix C2 of GEM Listing Rules)

Certifications: ISO 14001, ISO 45001

Awards & Recognition

• Certificate of appreciation from WWF

Environmental Metrics

ESG Focus Areas

• Health and safety
• Compliance to laws and regulations
• Service quality and standard
• Prevention of child and forced labour
• Customer satisfaction
• Energy management
• Development and training
• Anti-corruption
• Technology innovation and fire fighting equipment
• Greenhouse gas emissions
• Supply chain management
• Community participation
• Employment practice
• Waste management
• Climate change

Environmental Achievements

• Obtained ISO 14001 Environmental Management System certification since 2010
• Reduced total GHG emissions
• Reduced total energy consumption intensity
• Reduced total water consumption intensity
• Commenced use of solar panels on the rooftop of its Yuen Long workshop

Social Achievements

• Established Employment Policy covering recruitment, compensation, promotion, working hours, rest periods, diversity and equal opportunity
• Acquired ISO 45001 Occupational Health and Safety Management System Standard certification
• Zero work-related fatalities in the last three years
• Implemented COVID-19 preventive measures
• Donated HK$50,000 to the Community Chest

Governance Achievements

• Established three committees: audit committee, remuneration committee, and nomination committee
• Complied with the principles and applicable code provisions of the CG Code (except for the deviation from code provision C.2.1)

Climate Goals & Targets

Environmental Challenges

• Impacts of the COVID-19 pandemic, the Russo-Ukrainian War, and the China-US trade tensions disrupted the global supply chain and logistics, causing allocation inefficiencies including labor, raw materials, and energy resources.
• Surging material and labor costs escalated the cost of revenue.
• Inflationary pressure created budgetary concerns for upstream contractors, hindering project volume and work schedule, affecting revenue recognized by the Group.

Mitigation Strategies

• Closely monitor existing projects’ progress, communicate with suppliers and subcontractors, maintain close communication with customers, proactively follow up with potential customers, and actively respond to business enquiries.
• Strive to improve operational efficiency and business profitability.
• Proactively seek potential business opportunities.
• Monitor new policies implemented by the Hong Kong Government and manage their impact.

Supply Chain Management

Responsible Procurement

• Formulated standards and stringent procedures in selecting suppliers and subcontractors
• Suppliers’ and subcontractors’ environmental and social performances are also considered as criteria for establishing a long-term relationship
• Adopted the green procurement philosophy and formulated strategies for daily operations

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (floods, rainstorms, typhoons)

Transition Risks

• Tightening environmental regulations and climate-related legislation
• Stringent disclosure and compliance measures for ESG reporting
• Increased public awareness of sustainability

Opportunities

• Use of solar power

Reporting Standards

Frameworks Used: Appendix 20 of the Rules Governing the Listing of Securities on the GEM of the Stock Exchange of Hong Kong Limited

Certifications: ISO 14001, ISO 45001