Climate Change Data

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

Total Carbon Emissions:17,150.30 tonnes (GHG)
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:32,093,819.20 kWh (Electricity)
Water Consumption:367,886 m3
Waste Generated:493 tonnes (Hazardous and Non-hazardous)
Carbon Intensity:0.26 tonnes/m2 (GHG)

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

Total Carbon Emissions:20,852.31 tonnes (Scope 1+2+3)
Scope 1 Emissions:169.70 tonnes
Scope 2 Emissions:20,030.63 tonnes
Scope 3 Emissions:852.98 tonnes
Renewable Energy Share:Not disclosed
Total Energy Consumption:31,437,010 kWh (Electricity + Petrol and Diesel Oil + Natural Gas)
Water Consumption:298,807 m3
Waste Generated:485 tones (Hazardous + Non-hazardous)
Carbon Intensity:Not disclosed

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

Total Carbon Emissions:16970.48 tonnes (2020); 17000.6 tonnes (2021)
Scope 1 Emissions:169.70 tonnes (2020); 112.51 tonnes (2021)
Scope 2 Emissions:20,030.63 tonnes (2020); 15,700.48 tonnes (2021)
Scope 3 Emissions:852.98 tonnes (2020); 988.68 tonnes (2021)
Renewable Energy Share:Not disclosed
Total Energy Consumption:31,400,889 kWh (2020); 24,612,758 kWh (2021)
Water Consumption:298,807 m3 (2020); 258,434 m3 (2021)
Waste Generated:485 tons (2020); 326 tons (2021)
Carbon Intensity:Not disclosed

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

Total Carbon Emissions:17,299.67 tonnes (2022)
Scope 1 Emissions:105.44 tonnes (2022)
Scope 2 Emissions:16,976.14 tonnes (2022)
Scope 3 Emissions:1,218.09 tonnes (2022)
Renewable Energy Share:Not disclosed
Total Energy Consumption:26,612,535 kWh (electricity) + 21,524 l (petrol & diesel) + 21,592 m3 (natural gas) (2022)
Water Consumption:229,026 m3 (2022)
Waste Generated:428 tonnes (2022)
Carbon Intensity:Not disclosed

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

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • 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

Total Carbon Emissions:14,650 tonnes CO2e
Scope 1 Emissions:100.62 tonnes CO2e
Scope 2 Emissions:13,345.06 tonnes CO2e
Scope 3 Emissions:1,203.06 tonnes CO2e
Renewable Energy Share:Not disclosed
Total Energy Consumption:23,400,073 kWh
Water Consumption:197,841 m3
Waste Generated:396 tonnes
Carbon Intensity:Not disclosed

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

Short-term Goals:
  • 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

Total Carbon Emissions:13,945.99 tonnes CO2e
Scope 1 Emissions:102.81 tonnes CO2e
Scope 2 Emissions:12,723.25 tonnes CO2e
Scope 3 Emissions:1,120.13 tonnes CO2e
Renewable Energy Share:Not disclosed
Total Energy Consumption:22,309,752 kWh + 27,295 l + 13,014 m3
Water Consumption:186,885 m3
Waste Generated:342 tonnes
Carbon Intensity:Not disclosed

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

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • 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