China Outfitters Holdings Limited
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:869,683.39 Kg CO2e/year
Scope 1 Emissions:174,848.87 Kg CO2e/year
Scope 2 Emissions:663,772.06 Kg CO2e/year
Scope 3 Emissions:31,062.46 Kg CO2e/year
Total Energy Consumption:3,756,749.78 kWh/year
Water Consumption:22,671.50 m3/year
Waste Generated:34,672.17 tons/year (non-hazardous), 110.00 Kg/year (hazardous)
ESG Focus Areas
- Environmental Protection
- Employment and Labour Practices
- Health and Safety
- Development and Training
- Labour Standards
- Supply Chain Management
- Product Responsibility
- Anti-Corruption
- Community Investment
Environmental Achievements
- Reduced NOx emissions by 12.12%, SOx emissions by 5.00%, and PM emissions by 10.70%
- Reduced hazardous waste by 59.26%
- Reduced total packaging material by 14.59%
Social Achievements
- No serious employee injuries recorded
- Implemented waste separation in the workplace to improve recycling
- Provided regular safety education and training programs for employees
Governance Achievements
- Established a board independence evaluation mechanism
- Adopted a Board Diversity Policy
- Maintained compliance with relevant laws and regulations
Climate Goals & Targets
Short-term Goals:
- Increase brand presence on social media
- Increase the proportion of online sales
- Increase average store sales
- Develop new online and offline third-party retailers
- Stock clearance of aged inventories
- Complete construction and commence sales of properties under development
Environmental Challenges
- Fluctuations in consumer spending caused by changes in macroeconomic conditions in the PRC
- Intense competition in the retail and apparel industry
- Changing consumer preferences and fashion trends
- Potential risks associated with licensing agreements
- Dependence on third-party manufacturers and suppliers
- Susceptibility to unexpected changes in climate and epidemics
Mitigation Strategies
- Increased investment in brand development, digital transformation, and business diversification
- Focus on digital marketing and VIP marketing to enhance online sales
- Development of an O2O system to enhance customer experience and drive sales
- Implementation of stringent policies to collect trade receivables
- Careful selection of suppliers with ISO14000 standards and on-site visits
- Implementation of various risk management procedures and guidelines
Supply Chain Management
Supplier Audits: Annual evaluation through communication, meetings, on-site visits, etc.
Responsible Procurement
- Preference for suppliers with ISO14000 standards
- Tender and quotation process for most procurements
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events