Climate Change Data

Goldway Education Group Limited

Climate Impact & Sustainability Data (2022-04-01 to 2023-03-31, 2024)

Reporting Period: 2022-04-01 to 2023-03-31

Environmental Metrics

Total Carbon Emissions:124.06 tCO2e/year
Scope 1 Emissions:– tCO2e/year
Scope 2 Emissions:60.25 tCO2e/year
Scope 3 Emissions:63.80 tCO2e/year
Total Energy Consumption:152,958 kWh/year
Water Consumption:130 m3/year
Waste Generated:13.28 tons/year
Carbon Intensity:12.41 tCO2e/centre

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Awarded the “Hong Kong Green Organisation Certification (HKGOC) — Wastewi$e Certificate (Excellent Level)” for waste management practices.
  • Reduced total GHG emissions from 163.51 tCO2e to 124.06 tCO2e.
  • Reduced paper consumption from 20.54 tonnes to 13.28 tonnes.

Social Achievements

  • Increased employee count from 72 to 127.
  • Implemented various staff training programs totaling 8,465 hours.
  • Maintained a zero-fatality rate for work-related injuries for the past three years.

Governance Achievements

  • Established an ESG Taskforce to oversee sustainability initiatives.
  • Complied with all code provisions as set out in the Corporate Governance Code and Corporate Governance Report except for certain deviations.
  • Implemented a whistleblowing policy and procedures.

Climate Goals & Targets

Medium-term Goals:
  • 15% reduction in absolute emissions by 2030 from the base year of 2022.
  • 15% reduction in electricity consumption by 2030 from the base year of 2022.
  • 15% reduction of non-hazardous wastes by 2030 from the base year of 2022.

Environmental Challenges

  • Potential transition risks related to stricter emission reporting laws and regulations.
  • Potential physical risks from extreme weather events.
  • Potential increase in electricity demand due to higher temperatures.
Mitigation Strategies
  • Continuous monitoring of new laws and regulations and timely review of compliance.
  • Review of existing measures for adverse weather conditions to ensure employee and student safety (e.g., online teaching).
  • Enhancement of operational efficiency of ventilation and air conditioning systems to reduce electricity consumption.

Supply Chain Management

Responsible Procurement
  • Selection of suppliers based on quality, environmental, and social standards; preference for long-lasting, recyclable, green, and energy-efficient products.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events (typhoons, heavy rains)
  • Increased demand for cooling due to higher temperatures
Transition Risks
  • Policy and Legal Risks
  • Market Risk
  • Reputation Risk

Reporting Standards

Frameworks Used: ESG Reporting Guide (Appendix 20 of the GEM Listing Rules)

Certifications: Hong Kong Green Organisation Certification (HKGOC) — Wastewi$e Certificate (Excellent Level)

Awards & Recognition

  • Caring Company Scheme Certificate (since 2014)

Reporting Period: 2024

Environmental Metrics

Total Carbon Emissions:775.7 Tonnes CO2e (Scope 2) and 56.9 Tonnes CO2e (Scope 3)
Scope 2 Emissions:775.7 Tonnes CO2e/year
Scope 3 Emissions:56.9 Tonnes CO2e/year
Total Energy Consumption:144,037 kWh/year
Waste Generated:15.8 Tonnes/year (printing paper)

ESG Focus Areas

  • Employment
  • Health and Safety
  • Anti-corruption

Environmental Achievements

  • Promotes electronic interactions with stakeholders to reduce unnecessary business travels
  • Deploys multiple energy saving initiatives to improve the operating efficiency of equipment or devices and reduce energy consumption
  • Adopts waste reduction measures in daily operation (duplex printing, double-sided paper use, smaller font size, electronic information dissemination, reusable mugs)

Social Achievements

  • Established all-rounded staff policy and guidelines for staff welfare, support the development of talent and provide a safe workplace for staff
  • Encouraged employees to update their work-related knowledge, skill by providing training offered by external organisations
  • Developed proper occupational safety procedures, including adhering to an agreed reporting structure and investigation methodology in the event of an incident occurring within the workplace
  • Implemented several occupational safety measures (correct posture, fire protection knowledge, bad weather guidelines, clean workplace, proper furniture maintenance)
  • Rolled out a rotation plan of anti-corruption trainings

Governance Achievements

  • Established code of conduct and anti-money laundering policy
  • Established whistleblowing policy

Climate Goals & Targets

Environmental Challenges

  • Soft demand for tutoring services in Hong Kong due to decreasing number of students
  • Uncertain prospects of the tutoring market in Hong Kong
Mitigation Strategies
  • Seeking new business opportunities to diversify income source (automated parking systems and related services in China)
  • Looking for suitable investment opportunities in tutoring businesses and management services in Hong Kong and China

Supply Chain Management

Responsible Procurement
  • Considers environmentally-friendly factor while selecting suppliers of office supplies

Climate-Related Risks & Opportunities

Transition Risks
  • Policy and Legal Risks
  • Technology Risk
  • Market Risk
  • Reputation Risk
Opportunities
  • Increasing green financing needs in the market and the trend of paperless security market

Reporting Standards

Frameworks Used: Appendix C2 of the Rules Governing the Listing of Securities on The Hong Kong Stock Exchange