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