Huabang Technology Holdings Limited
Climate Impact & Sustainability Data (2023, 2024)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:85.1 tonnes CO2e
Scope 1 Emissions:15.0 tonnes CO2e
Scope 2 Emissions:63.9 tonnes CO2e
Scope 3 Emissions:6.2 tonnes CO2e
Renewable Energy Share:Not disclosed
Total Energy Consumption:96,855 KWh
Water Consumption:147 m3
Waste Generated:Not disclosed
Carbon Intensity:1.9 tonnes CO2e/employee
ESG Focus Areas
- Employee rights and obligations
- Product responsibility
- Environmental protection
Environmental Achievements
- Reduced paper consumption by 72 kg (from 400kg to 328kg)
- Reduced paper consumption intensity by 6.8 kg per employee (from 14.3kg to 7.5kg)
Social Achievements
- Maintained a safe working environment with zero lost days due to work-related injuries.
- Provided 155 hours of training to male employees and 92 hours to female employees.
- Implemented Covid-19 precautionary measures to ensure employee health and safety.
Governance Achievements
- Complied with relevant laws and regulations regarding compensation and dismissal, recruitment and promotion, working hours, rest periods, equal opportunities, diversity, anti-discrimination and other benefits.
- Implemented strict anti-corruption policies and procedures.
- Maintained a sufficient public float throughout the year.
Climate Goals & Targets
Short-term Goals:
- Maintain the emission intensity level as in the current year.
Environmental Challenges
- Global economic slowdown impacting trading business, particularly computer products.
- Increased interest rates and supply chain disruptions.
- Fluctuating financial markets affecting financial services business.
- Significant impairment losses on financial assets.
Mitigation Strategies
- Implemented cost reduction measures and focused on enhancing operational efficiency.
- Strengthened business relationships with suppliers and customers.
- Acquired Shag Mei and Legend to expand into the food trading business.
- Actively reviewing capital structure and negotiating with banks for refinancing.
- Considering raising additional funding through bank borrowings or issuing new shares.
Supply Chain Management
Supplier Audits: 84.5% of suppliers based in Hong Kong
Responsible Procurement
- Rigorous supplier selection system incorporating environmental and social considerations.
- Sustainability evaluations including site inspections and document checks.
- Fair and transparent tendering process.
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events causing productivity loss and office damage.
Reporting Standards
Frameworks Used: Appendix 27 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited
Third-party Assurance: Not disclosed
Reporting Period: 2024
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Slowdown in global economic growth
- Disruption of trade links
- Frequent geopolitical volatility
- Weak and sluggish local economic and financial market
Mitigation Strategies
- Adjusting its business structure
- Optimizing its resource allocation and structure
- Optimizing its financial structure
- Enhancing operation efficiency
- Implementing various cost control measures
- Enhancing long-term and close business relationships with suppliers and customers
- Monitoring market trends and taking prompt and appropriate actions to adjust business strategies and allocate resources effectively
- Exploring new technologies and business models