Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social

Environmental Achievements

• Total GHG emissions decreased by approximately 6.7% due to reduction in consumption of electricity.
• GHG emissions avoided by recycling of used papers (tonnes) 2.13 (2021: 2.41)

Social Achievements

• Launched new brands “SC Wealth” and “SC Private”, expanding bespoke financial planning services.
• No work-related fatalities in the past three years including year 2022.
• Conferred an award of “Caring Company” logo by The Hong Kong Council of Social Services.

Climate Goals & Targets

Environmental Challenges

• Fluctuations of fair value gain or loss on financial assets, foreign exchange and investment properties.
• Changes in market interest rates may expose the Group to high interest expense on its net debt obligations carrying floating interest rates.
• Credit risk and recoverability of provision of finance which may incur bad debts during the downturn of economy.
• The uncertainties of fiscal, political and monetary policy developments would contribute partly to the high volatility of global markets which may directly affect the performance of the Group.

Mitigation Strategies

• Series of risk mitigation controls and risk management policies to cope with the possible risks and has serious scrutiny over the selection of quality customers.
• Various committees to develop and review strategies, policies and guidelines on risk control; which enable the Group to monitor and respond to risk effectively and promptly.

Supply Chain Management

Responsible Procurement

• Compliance with all applicable laws and regulations in respect of their employment and operations, including occupational health and safety, environmental protection, and statutory maintenance of relevant records of documentation.
• Not to engage any corruption and take any undue advantage to obtain or retain business.
• To protect intellectual property rights and safeguard customers’ personal information.
• Not to engage any child and forced labour.
• Not to discriminate age, gender, marital status, pregnancy, family status, race, nationality, religion and disability in employment.

Climate-Related Risks & Opportunities

Physical Risks

• High frequency and severity of weather events deeply disrupt business operations of the Group.

Transition Risks

• Extensive policy, legal, technological, and consumption behavior changes will take place to mitigate and adapt to climate change. All such changes would lead to increase in costs.

Awards & Recognition

• Caring Company logo by The Hong Kong Council of Social Services

Environmental Metrics

ESG Focus Areas

• Environmental
• Social

Environmental Achievements

• Total GHG emissions decreased by approximately 7% due to reduction in consumption of electricity.

Social Achievements

• Average employee turnover rate decreased from 9.85% in 2022 to 7.01% in 2023.
• No work-related fatalities in the past three years including 2023.

Climate Goals & Targets

Environmental Challenges

• Volatile macroeconomic environments due to tightened monetary policies, interest rate hikes, inflationary pressure, and geopolitical tensions.
• Decreased Hong Kong stock market turnover impacting the Group's performance.
• Challenging margin financing and money lending market with tightened loan approval requirements.
• Challenging business environment for the media segment with conservative advertising spending.

Mitigation Strategies

• Prudent pace of expansion in the financial services segment to minimize risks.
• Regular review and adjustment of business strategies with a prudent and balanced risk management approach.
• Stringent loan policies and prudent valuation of collaterals in margin financing and money lending.
• Timely adjustment of interest rates and loan-to-value ratios.
• Cost-control measures in the media segment to reduce operating expenses.

Supply Chain Management

Responsible Procurement

• Compliance with all applicable laws and regulations by key suppliers; prohibition of corruption, child and forced labor; protection of intellectual property rights and customer data; non-discrimination in employment.

Climate-Related Risks & Opportunities

Physical Risks

• High frequency and severity of weather events disrupting business operations.
• Chronic physical risks from longer-term climate changes affecting forestry and carbon credit trading.

Transition Risks

• Extensive policy, legal, technological, and consumption behavior changes increasing costs.

Awards & Recognition

• Caring Company logo by The Hong Kong Council of Social Services
• Green Logo by Hong Kong Green Organization