Sun Hing Vision Group Holdings Limited
Climate Impact & Sustainability Data (2017-04 to 2018-03, 2019-04 to 2020-03, 2020-04 to 2021-03, 2021-04 to 2022-03, 2022-04 to 2023-03, 2023-04 to 2024-03)
Reporting Period: 2017-04 to 2018-03
Environmental Metrics
ESG Focus Areas
- Emissions
- Use of Resources
- Environment and Natural Resources
- Product Responsibility
- Employment
- Health and Safety
- Development and Training
- Labor Standards
- Supply Chain Management
- Anti-Corruption
- Community Investment
Environmental Achievements
- Developed policy to reduce electricity usage, including campaigns, monitoring systems, and preference for high-energy performance products.
- Optimized lighting and air conditioning systems for efficient electricity use.
- Acquired vehicles that comply with fuel consumption and air emission standards, and implemented vehicle maintenance and retirement policies.
- Optimized goods delivery schedule to minimize use of delivery trucks.
- Used solar energy in some facilities.
- Established policies and procedures to reduce consumption of various resources, including raw materials, packaging materials, and loose tools.
- Arranged for reuse of surplus materials and scraps to reduce solid waste.
- Encouraged employees to reduce paper consumption and recycle used papers.
- Required production units to minimize water consumption, using meters and sub-meters for monitoring and control.
- Properly treated water before discharge.
- Employed government-certified service providers to manage hazardous waste disposal.
- Preferred non-hazardous raw materials to reduce hazardous waste generation.
- Established an environment management system with ISO14001:2004 certification.
Social Achievements
- Provided competitive remuneration packages.
- Adopted human resources policies compliant with relevant laws and regulations on compensation, dismissal, recruitment, promotion, working hours, rest periods, equal opportunity, diversity, and anti-discrimination.
- Observed statutory requirements on minimum wages.
- Carried out fair and objective recruitment, promotion, and dismissal processes.
- Organized recreational activities for employees.
- Promoted equal opportunity and incorporated it into the Group’s code of ethics.
- Provided appropriate protective equipment and clothing to employees.
- Maintained a hygienic workplace with first aid facilities and emergency exits.
- Provided training to employees and established safety procedures.
- Provided insurance and health checks to qualified employees.
- Established policies to improve employees’ knowledge and skills, including pre-job training and ongoing training programs.
- Subsidized employees to attend job-related courses and seminars.
- Implemented job design and organization structure to provide work incentives.
- Established an assessment program and appraisal system to evaluate employee performance.
- Observed principles of international labor standards and established policies compliant with laws and regulations related to child and forced labor.
- Incorporated applicable principles of labor standards into the code of ethics.
- Established policies on supplier selection, product and service specification review, incoming material examination, and vendor performance monitoring.
- Managed environmental and social risks in the supply chain by requiring vendors to comply with the Group’s code of ethics and supply materials free of restricted harmful substances.
- Arranged for material testing by independent laboratories.
- Participated in charity activities (such as donation of eyewear products and fund raising events).
Governance Achievements
- Established policies compliant with relevant laws and regulations on bribery, extortion, fraud, and money laundering.
- Incorporated relevant requirements into the Group’s employees’ handbook and code of ethics.
- Required employees to be honest and avoid conflicts of interest.
- Established policies that follow applicable and relevant laws and regulations related to product standards, consumer health and safety, and labeling.
- Maintained product liability insurance.
Climate Goals & Targets
Environmental Challenges
- Reducing electricity consumption.
- Minimizing greenhouse gas emissions from vehicles.
- Reducing waste generation.
- Managing hazardous waste.
- Ensuring compliance with labor standards and regulations.
- Managing risks associated with the supply chain.
- Maintaining product quality and addressing customer complaints.
Mitigation Strategies
- Implemented energy-saving policies and practices.
- Optimized vehicle usage and maintenance.
- Implemented waste reduction and recycling programs.
- Used government-certified service providers for hazardous waste disposal.
- Established policies and procedures to ensure compliance with labor standards.
- Implemented supplier selection and monitoring processes.
- Established quality assurance procedures and complaint handling mechanisms.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Only approved vendors are employed.
- Product and service specifications are reviewed before orders are placed.
- Incoming materials are examined by the quality assurance team.
- Vendor performance is monitored based on product quality and supply lead time.
- Vendors are required to comply with the Group’s code of ethics and supply materials free of applicable restricted harmful substances.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: “Environmental, Social and Governance Reporting Guide” (ESG Guide) as set out in Appendix 27 to the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited
Certifications: ISO 14001:2004, ISO 9001
Third-party Assurance: Not disclosed
Reporting Period: 2019-04 to 2020-03
Environmental Metrics
ESG Focus Areas
- Emissions
- Use of Resources
- Environment and Natural Resources
- Product Responsibility
- Employment
- Health and Safety
- Development and Training
- Labor Standards
- Supplier Chain Management
- Anti-Corruption
- Community Investment
Environmental Achievements
- Reduced non-hazardous waste from 440 tones to 326 tones
- Reduced hazardous waste from 131 tones to 159 tones
- Reduced electricity consumption from 34,903,461 kWh to 31,400,889 kWh
- Reduced water consumption from 382,910 m3 to 298,807 m3
Social Achievements
- Provided competitive remuneration packages and observed statutory minimum wage requirements.
- Organized recreational activities for employees.
- Implemented equal opportunity policies.
- Provided training programs for employees.
- Established a structured assessment program and appraisal system.
Governance Achievements
- Established policies to comply with laws and regulations on bribery, extortion, fraud, and money laundering.
- Implemented a code of ethics for employees.
- Established policies for product standards, consumer health and safety, and labeling.
Climate Goals & Targets
Environmental Challenges
- Reducing electricity usage
- Minimizing the consumption of petrol and diesel oil by vehicles
- Reducing wastages and efficient use of resources
- Managing hazardous waste
- Handling customer complaints related to product quality
Mitigation Strategies
- Campaigns and notice boards to encourage energy saving
- Real-time system to monitor electricity consumption
- Acquisition of high-energy performance products
- Optimized lighting and air conditioning systems
- Acquisition of vehicles with better fuel consumption and air emission
- Proper vehicle maintenance and retirement policy
- Optimized goods delivery schedule
- Use of natural gas and solar energy
- Policies and procedures to reduce resource consumption
- Re-use of surplus materials and scraps
- Encouraging paper reduction and recycling
- Monitoring paper usage with installed devices
- Minimizing water consumption with meters and sub-meters
- Water treatment before discharge
- Hygienic storage, processing, and disposal of non-hazardous wastes
- Government-certified service providers for hazardous waste disposal
- Preference for non-hazardous raw materials
- Timely follow-up on customer complaints
- Review of complaint nature, root cause, and critical issues
- Remedy action plan for correction
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Approved vendors only
- Review of product and service specifications
- Incoming material examination by quality assurance team
- Vendor performance monitoring based on product quality and supply lead time
- Vendor compliance with code of ethics
- Materials free of restricted harmful substances
- Independent laboratory testing of materials (if needed)
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: “Environmental, Social and Governance Reporting Guide” (Appendix 27 to the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited)
Certifications: ISO 140001:2004, ISO 9001
Third-party Assurance: Not disclosed
Reporting Period: 2020-04 to 2021-03
Environmental Metrics
ESG Focus Areas
- Emissions
- Use of Resources
- Environment and Natural Resources
- Product Responsibility
- Employment
- Health and Safety
- Development and Training
- Labor Standards
- Supplier Chain Management
- Anti-Corruption
- Community Investment
Environmental Achievements
- Reduced electricity consumption from 31,400,889 kWh in 2020 to 24,612,758 kWh in 2021.
- Reduced non-hazardous waste from 326 tons in 2020 to 215 tons in 2021.
- Reduced hazardous waste from 159 tons in 2020 to 111 tons in 2021.
- Reduced water consumption from 298,807 m3 in 2020 to 258,434 m3 in 2021.
- ISO140001:2015 certification for environment management system.
Social Achievements
- Competitive remuneration package provided to attract talents.
- Regularly organized recreational activities for employees.
- Promotion of equal opportunity and anti-discrimination policies.
- Provided training programs for employees, including pre-job training and ongoing programs.
- Established policy following international labor standards and local laws and regulations.
Governance Achievements
- Established policies and procedures to comply with laws and regulations on bribery, extortion, fraud, and money laundering.
- Implemented a code of ethics for employees.
- Established system to monitor vendors’ performance based on product quality and supply lead time.
Climate Goals & Targets
Environmental Challenges
- Reducing greenhouse gas emissions
- Minimizing wastage and release of harmful substances
- Minimizing consumption of natural resources
- Managing product quality complaints
- Managing environmental and social risks associated with the supply chain
Mitigation Strategies
- Policies to reduce electricity usage, including campaigns and real-time monitoring systems.
- Acquisition of high-energy performance products.
- Optimized lighting and air conditioning systems.
- Policies to reduce water consumption and waste generation.
- Use of government-certified service providers for hazardous waste disposal.
- Policies for supplier selection and monitoring, requiring compliance with the Group’s code of ethics.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Only approved vendors are employed; Product and service specification are reviewed before orders are placed; Incoming materials are examined by the quality assurance team; Vendors are required to comply with the Group’s code of ethics; Vendors are required to supply materials free of applicable restricted harmful substances.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: “Environmental, Social and Governance Reporting Guide” (ESG Guide) as set out in Appendix 27 to the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited
Certifications: ISO 140001:2015, ISO 9001
Third-party Assurance: Not disclosed
Reporting Period: 2021-04 to 2022-03
Environmental Metrics
ESG Focus Areas
- Emissions
- Use of Resources
- Environment and Natural Resources
- Product Responsibility
- Employment
- Health and Safety
- Development and Training
- Labour Standards
- Supplier Chain Management
- Anti-Corruption
- Community Investment
Environmental Achievements
- 3% reduction target for Greenhouse Gas Emissions, Waste Generation, Energy Consumption, and Water Consumption in 5 years
- ISO140001:2015 certification for environment management system
- Deployment of solar energy installations to reduce reliance on fossil fuels
- Policies to reduce electricity usage, including campaigns and real-time monitoring systems
Social Achievements
- Competitive remuneration package and human resources policy following applicable laws and regulations
- Regular recreational activities for employees to relieve work pressure
- Promotion of equal opportunity and anti-discrimination policies
- 3,895 man-hours of training provided to employees (average 1.1 hours per staff)
Governance Achievements
- Established policies and procedures to comply with relevant laws and regulations on bribery, extortion, fraud, and money laundering
- Orientation training on business ethics, including anti-corruption, provided to new employees
- Directors and staff encouraged to attend anti-corruption training
Climate Goals & Targets
- Not disclosed
- Not disclosed
- 3% reduction in Greenhouse Gas Emissions, Waste Generation, Energy Consumption, and Water Consumption in 5 years
Environmental Challenges
- Potential impact of climate change on facilities, assets, personnel, and supply chains
- Managing waste generation and resource consumption
- Maintaining product quality and addressing customer complaints
Mitigation Strategies
- Continuous monitoring of climate-related risks and appropriate actions to manage risks
- Policies and procedures to reduce resource consumption and waste generation
- Quality management system certified to ISO9001:2015, quality assurance procedures, and complaint handling processes
Supply Chain Management
Supplier Audits: Annual assessment and ranking of vendors based on product quality, supply lead time, environmental, health & safety, anti-corruption, and other CSR performance
Responsible Procurement
- Approved vendor list, product and service specification review, incoming material examination, encouragement of materials with lower environmental footprints, and vendor compliance with the Group’s code of ethics
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events impacting facilities, assets, personnel, and operations
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: “Environmental, Social and Governance Reporting Guide” (Appendix 27 to the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited)
Certifications: ISO 14001:2015, ISO 9001:2015
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2022-04 to 2023-03
Environmental Metrics
ESG Focus Areas
- Emissions
- Use of Resources
- Environment and Natural Resources
- Product Responsibility
- Employment
- Health and Safety
- Development and Training
- Labour Standards
- Supplier Chain Management
- Anti-Corruption
- Community Investment
Environmental Achievements
- Reduced Scope 1 GHG emissions by 4.6% and Scope 2 GHG emissions by 21.4%
- Reduced electricity and overall energy consumption
- Reduced water consumption by 13.6%
Social Achievements
- Provided competitive remuneration packages and organized recreational activities for employees.
- Provided 3,987 man-hours of training (1.2 hours per employee on average).
- Maintained zero work-related fatalities for the past 3 years.
- Contributed over 600 hours of volunteering to the local community.
Governance Achievements
- Established policies and procedures to comply with relevant laws and regulations on bribery, extortion, fraud, and money laundering.
- Provided anti-corruption training to new employees and encouraged participation in external training.
- Maintained zero instances of legal cases regarding corrupt practices.
Climate Goals & Targets
- 3% reduction in Greenhouse Gas Emissions in 5 years
- 3% reduction in Waste Generation in 5 years
- 3% reduction in Energy Consumption in 5 years
- 3% reduction in Water Consumption in 5 years
Environmental Challenges
- Potential impact of extreme weather events on facilities, assets, personnel, and supply chains.
- Higher proportion of diesel fuel use resulting in higher NOx and PM emissions.
Mitigation Strategies
- Continuous monitoring of climate-related risks.
- Policies to reduce electricity usage, including campaigns, monitoring systems, and procurement of high-energy performance products.
- Acquisition of fuel-efficient vehicles and proper vehicle maintenance.
- Optimization of goods delivery schedules.
- Deployment of solar energy installations.
Supply Chain Management
Supplier Audits: Annual assessment of vendors
Responsible Procurement
- Approved vendor list
- Product and service specification review
- Incoming material examination
- Preference for materials with lower environmental footprints
- Compliance with Group's code of ethics
- Testing of materials for restricted harmful substances
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
Reporting Standards
Frameworks Used: ESG Guide (Appendix 27 to the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited)
Certifications: ISO 14001:2015, ISO 9001:2015
Third-party Assurance: Not disclosed
Reporting Period: 2023-04 to 2024-03
Environmental Metrics
ESG Focus Areas
- Emissions
- Use of Resources
- Environment and Natural Resources
- Product Responsibility
- Employment
- Health and Safety
- Development and Training
- Labour Standards
- Supplier Chain Management
- Anti-Corruption
- Community Investment
Environmental Achievements
- Reduced electricity consumption by 4.7%
- Reduced Scope 3 emissions by about 6.9%
- Reduced water consumption by about 5.5%
- Reduced packaging material consumption by about 7.0%
Social Achievements
- Provided 9,817 man-hours of training (3.1 hours per employee)
- Organized recreational activities for employees
- Volunteered over 200 hours at blood donation centers
- Participated in material donations and visits with Ronald McDonald House Charities
Governance Achievements
- Provided orientation training to new employees on business ethics, including anti-corruption
- Encouraged directors and staff to attend anti-corruption training
- Zero instances of legal cases regarding corrupt practices
Climate Goals & Targets
- Not disclosed
- Not disclosed
- 3% reduction in Greenhouse Gas Emissions in 5 years
- 3% reduction in Waste Generation in 5 years
- 3% reduction in Energy Consumption in 5 years
- 3% reduction in Water Consumption in 5 years
Environmental Challenges
- Potential impact of extreme weather events on facilities and supply chains
Mitigation Strategies
- Continuous monitoring of climate-related risks
- Commitment to reduce carbon emissions
- Policies to reduce electricity usage, optimize energy usage, and prioritize high-energy performance products
Supply Chain Management
Supplier Audits: Annual assessment of vendors based on product quality, supply lead time, environmental, health & safety, anti-corruption, and other corporate social responsibility performance.
Responsible Procurement
- Approved vendor list
- Review of product and service specifications before orders
- Incoming material examination by quality assurance team
- Encouragement of materials with lower environmental footprints
- Compliance with Group's code of ethics
- Requirement for materials free of restricted harmful substances
- Independent laboratory testing of materials (sample basis)
Climate-Related Risks & Opportunities
Physical Risks
- Impact of extreme weather events on facilities resulting in asset damage and risk to personnel
- Impact on production facilities, logistics, and supply chains
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: ESG Guide (Appendix C2 to the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited)
Certifications: ISO 140001:2015, ISO 9001:2015
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed