Climate Change Data

Environmental Metrics

ESG Focus Areas

• Quality Service
• Caring for Employees
• Green Office
• Community Investment

Environmental Achievements

• Reduced total non-hazardous waste from 19.81 tons to 17.50 tons
• Reduced total water consumption from 1,633.76 cubic meters to 920.00 cubic meters
• Reduced total energy consumption from 193,070 kWh to 176,039 kWh

Social Achievements

• Implemented various measures against the Epidemic under Guidelines for the Prevention and Control of Epidemic Situations in the Reopening of Tourist Attractions to lower the risks to our customers’ safety and health.
• Formulated the Measures for the Handling and Prevention of Complaints (Revision) to standardize the complaint handling process and reward and punishment system
• Implemented a system of five-day work per week with alternate holiday on Saturday on a department rotation basis.

Governance Achievements

• Established an effective Board which oversees the Group’s businesses, strategic decisions and performance and takes decisions objectively in the best interests of the Company.
• Established 3 committees, namely, the Audit Committee, the Remuneration Committee, and the Nomination Committee, for overseeing particular aspects of the Company’s affairs.
• Adopted a board diversity policy

Climate Goals & Targets

Environmental Challenges

• Significant decrease in revenue due to the temporary suspension of certain business operations and the continued suspension of all outbound tours as a result of the outbreak of COVID-19.
• Increase in expected impairment of trade and other receivables.
• Increase in credit risk on trade receivables and prepayments, deposits and other receivables as a result of the COVID-19 pandemic.

Mitigation Strategies

• Taking initiatives to diversify its business with an objective to broaden its income stream and expand into targeting segments.
• Establishment of Ningbo Qingning in March 2021, a joint venture company which is principally engaged in the development and operation of cultural tourism projects.
• Launch of an intelligent travel SaaS system to provide intelligent travel services to higher education institutions.
• Injection of HK$30 million into Feiyang Metaverse Technology, a joint-venture company which is principally engaged in the development of an ETD Metaverse foundation platform.

Supply Chain Management

Supplier Audits: Annual

Responsible Procurement

• Supplier Management System
• Procurement Management System

Climate-Related Risks & Opportunities

Physical Risks

• rising mean temperature
• increasing severity and likelihood of extreme weather events such as rainstorms

Reporting Standards

Frameworks Used: ESG Reporting Guide