Climate Change Data

Man Wah Holdings Limited

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:53,931 tonnes (CO2 equivalent)
Scope 1 Emissions:0
Scope 2 Emissions:53,931 tonnes (CO2 equivalent)
Scope 3 Emissions:minimal
Renewable Energy Share:20.3% (from photovoltaic systems)
Total Energy Consumption:73,487,000 kWh
Water Consumption:1,147,308 tons
Waste Generated:55.786 tonnes (non-hazardous)

ESG Focus Areas

  • Environmental protection
  • Operating practices
  • Workplace quality
  • Public welfare activities

Environmental Achievements

  • Increased resource utilization rate by improving production procedures and using more environmentally friendly materials and equipment.
  • Implemented measures to reduce gas emissions and waste generation.
  • Complied with national standards for air pollutants, wastewater discharge, and noise emission.
  • Self-constructed domestic sewage treatment systems in main factories in China.
  • Established full-circumference exhaust gas collection devices in sponge factories.
  • Used new dust removal equipment in carpentry workshops.
  • Reused wastewater in panel-type furniture factories.
  • Established closed spraying devices to prevent harmful gas leaks.

Social Achievements

  • Cheers First-class Cabin brand awarded "Consumers’ Favorite Brand of Furniture" and "Green Furniture Products"
  • Developed a comprehensive staff training and development, performance evaluation, and incentive system.
  • Implemented a performance appraisal system for employee incentives.
  • Adopted a share option scheme and a share award scheme to reward and incentivize employees.
  • Established Staff Club in major factories with various facilities and activities for employees.
  • Maintained a good record during social responsibility audits conducted by major furniture retailers.

Governance Achievements

  • Established an Environmental, Social and Governance Committee.
  • Implemented a strict anti-corruption policy.
  • Strengthened supervision of anti-corruption and established a corruption reporting platform.
  • Improved internal control system to prevent corruption and fraud.
  • Conducted regular reviews of environmental standards and regulations.

Climate Goals & Targets

Environmental Challenges

  • Competition with global and local sofa manufacturers.
  • Negative macroeconomic changes in major markets.
  • Fluctuations in global shipping rates.
  • Supply chain disruptions.
  • COVID-19 pandemic impact.
Mitigation Strategies
  • Cost control, design, quality, and service advantages.
  • Continuous improvement of key competences.
  • Comprehensive planning system for material procurement.
  • Multiple qualified suppliers for major materials.
  • Vigorous development of business in the Chinese market, expanding stores and improving store management.
  • Acquisition of a plant in Vietnam to mitigate the impact of US tariffs.

Supply Chain Management

Supplier Audits: On-site assessments of potential suppliers

Responsible Procurement
  • Supplier evaluation system
  • Requirement of relevant qualifications and certifications

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events interrupting supply chain logistics

Awards & Recognition

  • Consumers’ Favorite Brand of Furniture
  • Green Furniture Products