Climate Change Data

Somerley Capital Holdings Limited

Climate Impact & Sustainability Data (2022-04 to 2023-03, 2023-04 to 2024-03)

Reporting Period: 2022-04 to 2023-03

Environmental Metrics

Total Carbon Emissions:64.63 tCO2e/year
Scope 2 Emissions:58.63 tCO2e/year
Scope 3 Emissions:6.00 tCO2e/year
Total Energy Consumption:82,583 kWh/year
Waste Generated:1.76 tons/year
Carbon Intensity:2,018.27 kg per employee

ESG Focus Areas

  • Business integrity
  • Anti-corruption and anti-money laundering
  • Nurturing employees
  • Providing quality and reliable service

Environmental Achievements

  • Reduced paper consumption by 25.80% from 2021-22 to 2022-23
  • Reduced total non-hazardous waste by 15.2% from 2021-22 to 2022-23

Social Achievements

  • Maintained a diverse workforce with approximately equal ratio of males and females employed
  • Implemented various employee wellbeing initiatives including work-from-home arrangements, flexible working hours and split team arrangements during the COVID-19 pandemic
  • Conducted various forms of anti-corruption education

Governance Achievements

  • Established and implemented a comprehensive Code of Conduct for employees
  • Established and implemented a Whistle-blowing Policy
  • Complied with all relevant laws and regulations in Hong Kong and China in all material respects for the business operations of the Group

Climate Goals & Targets

Short-term Goals:
  • Steady, year-on-year reduction in energy consumption
  • Steady, year-on-year reduction in paper consumption

Environmental Challenges

  • Unhelpful general economic environment for Hong Kong corporate finance advisory business
  • Fierce fee competition in the market
  • Virtual closure of the border between Hong Kong and China leading to slow progress of engagements
  • Seasonal drop in CA income from April each year
Mitigation Strategies
  • Prudent cost control and capital management
  • Maintaining sufficient financial resources and strong balance sheet
  • Implementing measures to control potential credit risks and effectively manage liquidity risks
  • Work-from-home arrangement and empowered employees with advanced information technology equipment to mitigate any adverse effects of extreme weather conditions

Supply Chain Management

Responsible Procurement
  • Considers suppliers’ performance on labour practices, environmental and social responsibilities; chooses suppliers who provide durable products with less packaging materials, and priority is given to those who offers environmentally friendly alternatives

Climate-Related Risks & Opportunities

Physical Risks
  • Typhoons and heavy rainstorms
Transition Risks
  • Emerging environmental, social and governance standards

Reporting Standards

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

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Total Carbon Emissions:64.11 tCO2e/year
Scope 1 Emissions:—
Scope 2 Emissions:55.02 tCO2e/year
Scope 3 Emissions:9.09 tCO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:77,489 kWh/year
Water Consumption:Not disclosed
Waste Generated:1.87 tons/year
Carbon Intensity:1,602.45 kg CO2e/employee

ESG Focus Areas

  • Business integrity
  • Anti-corruption and anti-money laundering
  • Nurturing employees
  • Providing quality and reliable service
  • Climate change

Environmental Achievements

  • Reduced paper consumption by 17.78% from 1.62 tonnes to 1.35 tonnes.
  • Reduced total non-hazardous waste by 9.66% from 2.13 tonnes to 1.87 tonnes.

Social Achievements

  • Maintained a diverse workforce with approximately equal ratio of males and females.
  • Held 6 internal training sessions for employees.
  • No material complaints received regarding services provided.

Governance Achievements

  • Complied with all relevant laws and regulations.
  • Established a whistle-blowing policy.
  • Implemented a restricted list and staff trading policy.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Steady, year-on-year reduction in energy consumption.

Environmental Challenges

  • Subdued Hong Kong capital markets and squeezed margins due to keen competition.
  • Delays or terminations of transactions or defaults or delays in payments by clients.
  • Impairment loss recognised in respect of trade receivables increased from HK$0.5 million to HK$1.9 million.
Mitigation Strategies
  • Committed to delivering high-quality advisory services to new and existing clients.
  • Regularly reviews the recoverable amount of each individual trade receivable to monitor prompt recovery and if necessary to make adequate impairment losses for irrecoverable amounts.
  • Implemented various measures to minimise paper usage and reduce waste by recycling.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Considers suppliers’ performance on labour practices, environmental and social responsibilities.
  • Chooses suppliers who provide durable products with less packaging materials, and priority is given to those who offers environmentally friendly alternatives.

Climate-Related Risks & Opportunities

Physical Risks
  • Typhoons and heavy rainstorms
  • Disruption of business operation
Transition Risks
  • Increased operating costs and compliance risk due to emerging ESG standards.
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GEM Listing Rules

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed