Samson Holding Ltd. 順誠控股有限公司
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:21,292.03 tCO2e/year
Scope 1 Emissions:935.10 tCO2e/year
Scope 2 Emissions:20,331.76 tCO2e/year
Scope 3 Emissions:25.17 tCO2e/year
Total Energy Consumption:35,054.34 MWh/year
Water Consumption:95,356.41 m3/year
Waste Generated:490.35 tons/year (non-hazardous); 1,096.69 tons/year (hazardous)
ESG Focus Areas
- Environmental Protection
- Employment Practices
- Operational Practices
- Community Investment
- Climate Change
- Health and Safety
- Employee Development and Training
- Supply Chain Management
- Product Responsibility
- Anti-corruption
- Corporate Social Responsibility
Environmental Achievements
- Reduced total non-hazardous waste intensity compared to FY2021
- Reduced total energy consumption intensity compared to FY2021
- Reduced total water consumption intensity compared to FY2021
- Initiatives on equipment upgrade, process modification and pollutant treatment to reduce air emissions
- Energy-savings practices implemented (LED lighting, motion sensors, etc.)
Social Achievements
- Implemented Policy on the Prohibition of Child Labour and Policy on the Prohibition of Forced Labour
- Established Quality Control Unit to ensure product quality
- Formulated Nonconforming Product Management Procedures for product recalls
- Established Customer Complaints Process for handling customer feedback
- Implemented Code of Ethical Business Conduct and Social Networking Policy for data privacy
- Provided various benefits and welfare for employees (insurance schemes, bonuses, etc.)
- Organised periodical trainings for employees on safety procedures
Governance Achievements
- Established ESG governance structure with Board oversight and ESG Working Group
- Implemented Anti-corruption Policy and Code of Ethical Business Conduct
- Established whistle-blowing mechanism for reporting fraudulent activities
Climate Goals & Targets
Environmental Challenges
- Decrease in demand for residential furniture in the U.S. due to Federal Reserve interest rate hikes and weakened real estate market
- Rapid changes in fashion trends and consumer tastes
- Competition from U.S. furniture companies and importers
- Negative macroeconomic changes in the U.S., Vietnam, and China
- Disruption in the supply of raw materials and skilled labor
- Product recall in the U.S. (approximately 5,100 units)
Mitigation Strategies
- Focus on inventory and cost control
- Active expansion of conventional and non-conventional sales channels
- Adoption of timely measures to raise prices and promote cost optimization
- Strict control of inventory levels
- Development of high-return and advantageous projects
- Leveraging diversified sales channels (e-commerce, designer channels, showrooms, hospitality)
- Building a globalized supply chain to maximize cost efficiency
- Investment in standardization and automation of manufacturing processes
- Full refund for recalled products
Supply Chain Management
Responsible Procurement
- Rules of Conduct Supplier Agreement (U.S. operation)
- Supplier Review Management Procedure (PRC operation)
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events (floods, rainstorms, typhoons, droughts)
- Supply chain disruptions
- Damage to assets
- Worker injuries and casualties
Transition Risks
- Tightening environmental regulations
- Climate-related legislations
- Stringent disclosure and compliance requirements
- Reputational risks
Reporting Standards
Frameworks Used: ESG Reporting Guide (Appendix 27 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited)