Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Calculated Scope 3 carbon emissions scientifically based on GHG Protocol for the first time
• Set Carbon Neutral Target Year and the target to reduce emissions by 50% by 2035
• Released the 2023 TCFD Report, conducting Climate-related Risk and Opportunity (CRO) analysis for the first time
• Invested in ultra-low energy buildings continually, with over RMB 0.5 billion investment in current overall project

Social Achievements

• Continued engagement in philanthropy and investments to uphold corporate duties
• 45% female employees in the workforce

Governance Achievements

• Established the Compliance Committee
• Conducted the first ESG and Climate-related Risk and Opportunity (CRO) training
• 100% signing of the Weimob Integrity Management Agreement by suppliers
• Established the Data Security Committee, coordinating the overall work of enterprise data security

Climate Goals & Targets

Environmental Challenges

• Climate-related regulations and disclosure requirements becoming more stringent
• New energy procurement related issues
• Public concern for climate change and low-carbon issues
• Technological advancements
• Transition towards online work methods

Mitigation Strategies

• Incorporated climate risk identification and management into our risk management system
• Conducted climate risk assessment and scenario analysis
• Developed corresponding measures aligned with our company's strategy and development
• Established corresponding carbon dioxide (CO2) reduction targets
• Completed the calculation, reporting, and disclosure of Scope 3 greenhouse gas emissions

Supply Chain Management

Supplier Audits: 100% coverage

Responsible Procurement

• Incorporating green and environmentally friendly principles into procurement practices
• Prioritising the procurement of energy-saving, water-saving, and material-saving products

Climate-Related Risks & Opportunities

Physical Risks

• Floods, extreme weather events, droughts, rising sea levels, and storm surges
• Water scarcity, temperature fluctuations, increasing energy demand, and rising sea levels

Transition Risks

• Policy and Legal
• Market
• Reputation
• Technology

Opportunities

• Rise of the low-carbon product market
• Introduction of policies related to carbon neutrality
• Providing low-emission SaaS services
• Developing climate change-related strategies

Reporting Standards

Frameworks Used: Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (SEHK), United Nations 2030 Sustainable Development Goals (SDGs), International Sustainability Standards Board (ISSB), Global Reporting Initiative Standards (GRI Standards), TCFD

Certifications: ISO/IEC 27001:2013, ISO/IEC 27701:2019, SaaS Security Capability Inspection Certificate from the China Academy of Information and Communications Technology, DCMM (Data Capability Maturity Model) Robust (Level 3)

Third-party Assurance: Shanghai Energy Conservation and Emission Reduction Centre Co., Ltd (SECERC)

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Eco-friendly Lunar New Year gift box

Awards & Recognition

• 2023 ESG Innovative Practices in Listed Companies — Securities Daily
• 2022 Shanghai Municipal-level Enterprise Technology Centre — Shanghai Municipal Commission of Economy and Informatization
• Selected as an Outstanding Case Study in the “China Listed Companies ESG Research Report (2023)” Bluebook