Climate Change Data

米技國際控股有限公司

Climate Impact & Sustainability Data (2020)

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:179.2 tCO2e/year
Scope 1 Emissions:16.3 tCO2e/year
Scope 2 Emissions:141.1 tCO2e/year
Scope 3 Emissions:20.5 tCO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:173,890 MWh/year
Water Consumption:1.2 tons/year
Waste Generated:20 tons/year
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Reduced greenhouse gas emissions from 229.3 tons CO2e in 2019 to 179.2 tons CO2e in 2020. This reduction is attributed to decreased business travel due to the COVID-19 pandemic and implemented measures to reduce resource consumption.

Social Achievements

  • Maintained employee turnover at a reasonable level.
  • Complied with Chinese labor laws and had no major disputes with employees.
  • Provided comprehensive training and development opportunities to employees.
  • Implemented strategies to protect employee health and safety during the COVID-19 pandemic (enhanced cleaning, flexible work arrangements, provision of protective masks, temperature checks, virtual meetings, reduced business travel).

Governance Achievements

  • Established and maintained effective risk management and internal control systems.
  • Complied with the Corporate Governance Code (except for A.2.1, which allows the Chairman and CEO to be the same person).
  • Implemented a code of conduct for employees, including anti-corruption measures.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Maintain the same performance regarding greenhouse gas emissions and hazardous waste handling as in 2020.

Environmental Challenges

  • The COVID-19 pandemic significantly impacted the global economy, causing delays in raw material supply from suppliers, delayed resumption of work after the Chinese New Year holiday, delays in original production plans and product delivery, and severely impacted retail performance due to store closures and reduced consumer spending.
  • Significant changes in the overall strategy, practices, and operational strategies of a major online distributor negatively impacted sales performance through online platforms.
Mitigation Strategies
  • Implemented measures to mitigate the adverse effects of COVID-19 and stimulate sales performance (closing unprofitable consignment stores, delaying the opening of new consignment stores, offering more attractive incentives to customers, increasing the frequency of product exhibitions and other marketing activities, terminating business cooperation with a poorly performing online distributor, and replacing the underperforming distributor with another in the last quarter of 2020).
  • Sold a stake in a company engaged in the sales and manufacturing of small electrical appliances, generating revenue of RMB 5.8 million.

Supply Chain Management

Supplier Audits: Annual monitoring of existing suppliers.

Responsible Procurement
  • Strict supplier selection criteria based on product specifications, product compliance, production management, quality management, environmental standards, and corporate social responsibility performance.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: HKEX Appendix 27

Certifications: ISO 9001:2015

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed