Climate Change Data

YOHO GROUP HOLDINGS LIMITED

Climate Impact & Sustainability Data (2023-04 to 2024-03)

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Total Carbon Emissions:426.17 tCO2e/year (2024)
Scope 1 Emissions:0.00 tCO2e/year
Scope 2 Emissions:426.17 tCO2e/year
Total Energy Consumption:966,576.00 kWh/year (2024)
Waste Generated:14 t/year (2024)
Carbon Intensity:0.0074 tonnes CO2e per square foot area (2024)

ESG Focus Areas

  • Waste Management
  • Community Engagement and Investment
  • Support to Local Startups and Charities
  • Environmental Protection
  • Employee Well-being
  • Supply Chain Management
  • Quality Management
  • Data Privacy
  • Anti-corruption
  • Climate Change

Environmental Achievements

  • Partnered with Christian Family Service Centre to recycle small electrical appliances.
  • Collaborated with ALBA IWS and Vessel Repair to refurbish and donate appliances.
  • Launched a premium service for simultaneous delivery and collection of WEEE.
  • Reduced packaging material consumption through reuse and transition to reusable bags.
  • Reduced paper consumption through e-invoices and double-sided printing.

Social Achievements

  • Continued support for the Make-A-Wish programme for eight consecutive years.
  • Offered year-round discounts to seniors.
  • Supported Y Incubator and Y Charity programs for startups and charities.
  • Organized a Coffee Meditation Workshop for caregivers.
  • Implemented robust occupational health and safety training programs.

Governance Achievements

  • Established a detailed ESG Policy.
  • Implemented a Board Independence Evaluation Mechanism.
  • Adopted a Board Diversity Policy.
  • Adopted a Director Nomination Policy.
  • Implemented a Shareholders’ Communication Policy.
  • Established a Code of Ethics and Anti-Fraud and Anti-Bribery Policy.
  • Partnered with the ICAC for anti-corruption training.

Climate Goals & Targets

Short-term Goals:
  • Closely monitor air emissions intensity and ensure alignment with business growth by FY26/27.
  • Closely monitor non-hazardous waste intensity and ensure alignment with business growth by FY26/27.
  • Continue to replace packaging paper boxes with recycled paper boxes by FY26/27.
  • Closely monitor energy consumption intensity and ensure consumption is in line with business growth by FY26/27.
  • Incorporate energy efficiency as a procurement criterion for electronic devices by FY26/27.

Environmental Challenges

  • Challenging retail landscape in Hong Kong due to global economic uncertainties, sluggish recovery in China, and high interest rates.
  • Weakened local consumer confidence and spending power.
  • Changes in spending patterns of mainland tourists.
  • Competition in the retail market.
  • Cybersecurity risks.
  • Potential for counterfeit products.
  • Maintaining daily operations and security of the Yoho E-commerce Platform.
Mitigation Strategies
  • Agile OMO retail model, precise market strategies, and efficient inventory management.
  • Escalated promotional efforts and strategically boosted sales of high-demand products.
  • Share repurchases to reflect the Group’s intrinsic value.
  • Continuous enhancements to the Yoho E-commerce Platform and expanding its membership base.
  • Partnership with third-party providers for same-day delivery.
  • Investment in upgrading the Yoho E-commerce Platform for better merchant experience.
  • Securing partnerships with well-known brands.
  • Targeted marketing initiatives.
  • Advanced cybersecurity measures, regular security audits, and continuous monitoring systems.
  • Robust corporate governance measures, including screening processes, obtaining product safety certifications, and verification checks on suppliers.

Supply Chain Management

Responsible Procurement
  • Prioritizing suppliers who adhere to exemplary environmental and social practices.
  • Rigorous assessment of environmental awareness and management mechanisms of potential suppliers.
  • Avoiding suppliers involved in unethical business practices, corruption, forced labour or any violations of local laws and regulations.

Climate-Related Risks & Opportunities

Physical Risks
  • Increased frequency of typhoons, storms, flooding, and other severe weather conditions
Transition Risks
  • Shifts in consumer preferences towards more sustainable lifestyles
  • Regulatory changes requiring increased disclosure on energy consumption levels

Reporting Standards

Frameworks Used: Appendix C2 Environmental, Social and Governance Reporting Guide of the Rules Governing the Listing of Securities on the Stock Exchange

Awards & Recognition

  • 12th Junzi Corporation Award
  • Caring Company 2023/24