FDB Holdings Limited
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:334 tCO2e/year
Scope 1 Emissions:64 tCO2e/year
Scope 2 Emissions:238 tCO2e/year
Scope 3 Emissions:32 tCO2e/year
Total Energy Consumption:328,396 kWh/year
Water Consumption:7,343 m3/year
Waste Generated:4,006 tons/year
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Reduced NOx, SOx, and PM emissions to 0 kg in 2022 from 0 kg in 2021 due to reduced vehicle use.
- Implemented waste management plans to ensure environmentally friendly waste disposal.
- Adopted a trip-ticket system for construction waste disposal.
Social Achievements
- Maintained compliance with all relevant laws and regulations for employment and labor practices.
- Occupational Safety Management System certified to ISO 45001.
- Provided training and development opportunities for employees.
Governance Achievements
- Adopted a board diversity policy.
- Established a Code of Conduct for all employees.
- Partnered with ICAC to organize anti-corruption training.
Climate Goals & Targets
Environmental Challenges
- Severe challenges in the Hong Kong construction industry, including the spread of COVID-19 variants, interest rate hikes, supply chain disruptions, and labor shortages.
- Economic downturn affecting business operations.
Mitigation Strategies
- Implemented cost control measures to reduce administrative costs and improve gross profit margin.
- Detailed review of existing business operations and financial position to formulate a sustainable business plan.
Supply Chain Management
Supplier Audits: Annual evaluation of subcontractors and suppliers.
Responsible Procurement
- Selection of subcontractors and suppliers based on quality control tests and satisfactory records.
Climate-Related Risks & Opportunities
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:182 tCO2e/year
Scope 1 Emissions:5 tCO2e/year
Scope 2 Emissions:159 tCO2e/year
Scope 3 Emissions:18 tCO2e/year
Total Energy Consumption:158,885 kWh/year
Water Consumption:1,603 m3/year
Waste Generated:869 tons/year
ESG Focus Areas
- Air and greenhouse gas emission
- Employment and Training
- Resources consumption
- Employee welfare
- Waste Management
- Occupational health and safety
- Anti-corruption
- Labor laws and standard
- Supply chain management
Environmental Achievements
- Reduced total GHG Emission by around 45.5% compared to 2022 (182 tCO2e in 2023 vs 334 tCO2e in 2022).
- Decreased non-hazardous waste produced at construction sites (Fill Bank and Sorting Facility) compared to 2022.
- Implemented waste management plans to ensure environmentally friendly waste disposal.
- Adopted trip-ticket system for construction waste disposal.
Social Achievements
- Established clear policies to attract and retain talents through fair and equal treatment of staff.
- Complied with all relevant laws and regulations for employment and labor practices.
- Offered competitive remuneration and welfare packages.
- Provided paid annual leave and public holidays in addition to statutory holidays.
- Implemented occupational safety and health measures to minimize the risk of coronavirus spreading.
Governance Achievements
- Adopted a board diversity policy.
- Established a Code of Conduct for all employees.
- Partnered with ICAC to organize anti-corruption training for staff.
- Complied with all applicable code provisions of the CG Code.
Climate Goals & Targets
Environmental Challenges
- Severe challenges in the Hong Kong construction industry including interest rate hike, cash crunch of Chinese real estate developers, supply chain disruptions and labor shortages.
- Substantial decline in revenue with reduction in number of ongoing projects.
- Impairment loss from expected credit loss for contract assets.
Mitigation Strategies
- Embarked on several new projects with a total contract sum of approximately HK$566.5 million from backlog projects.
- Conducting a detailed review of existing principal business operations and financial position to formulate a sustainable business plan.
- Exploring business and investment opportunities in different business areas and geographical locations.
- Considering asset disposals, asset acquisitions, business rationalisation, business divestment, fund raising, and/or restructuring of the business.
- Leveraging expertise and business opportunities in real estate development, property project management and financial services to expand income stream.
- Implementing cost control measures.
Supply Chain Management
Supplier Audits: Annual evaluation of subcontractors and suppliers.
Responsible Procurement
- Selection of subcontractors and suppliers who have passed quality control tests and have a satisfactory record of quality and on-time delivery.
- Requirement for subcontractors and suppliers to follow Hong Kong and their local applicable laws and regulations in relation to occupational health and safety and environmental protection.