I.T Limited

Climate Impact & Sustainability Data (2015-03 to 2016-02, 2017-03 to 2018-02)

Implemented energy-saving measures (maximising natural light, energy-saving lighting, optimized zoning for AC and lighting, energy-efficient equipment, etc.)
Minimized greenhouse gas emissions through business trip policy, video conferencing, and green driving tips for logistics contractors.
Adopted water-saving measures in "Sweet Monster" stores.
Implemented waste reduction measures (3R principles, paperless workplace, recycling, reuse of packaging).

Maintained a diverse workforce (Female to Male ratio of 6:4 in Hong Kong).
Adhered to all applicable labor legislations (no violations recorded).
Offered competitive compensation packages and benefits.
Provided various training opportunities (average training hours: 21.4 for managerial, 20.8 for general, and 16.7 for part-time staff in Hong Kong).
Implemented a comprehensive safety management system (no injury cases in Hong Kong office, injury rates below industry average in shops and warehouses).

Established a Code of Business Conduct and whistleblowing policy.
Complied with the Personal Data (Privacy) Ordinance.
Implemented systematic product quality inspection procedures.
Maintained close dialogues with suppliers to ensure sustainable practices.
Actively involved in charities and community services (donations to environmental awareness, children's development, and people in need).

Volatile financial markets and heightened geopolitical tensions.
Excessive depreciation of major Asian currencies against the US dollar.
Dampened consumer spending momentum, particularly in Hong Kong.
Warmer than usual winter months in 2015.
Shift in Chinese consumers’ shopping pattern from Mainland China/Hong Kong to overseas markets.
Promotionally driven markets causing downward pressure on retailers’ margins.
Cost inflation in operating retail channels (especially rentals).

Leveraged a multifaceted business model with inherent adaptability and flexibility.
Geographically diversified exposure offsetting diminished earnings from Hong Kong.
Reinforced fashion platform and strengthened leading position through brand portfolio enhancement and innovative store layouts.
Implemented prudent control over shop portfolio in Hong Kong.
Capitalized on growth opportunities in Mainland China and Japan.
Focused on implementing long-standing business strategies and exploring growth opportunities.
Leveraged strong merchandising and innovative product design capabilities.

Supplier management system to monitor compliance with social and environmental aspects.
Evaluation of suppliers’ performance according to procurement guidelines.
Close dialogues with suppliers to share sustainability approaches.

Total Carbon Emissions:36,830 tonnes CO2e

Total Energy Consumption:44,544,000 kWh

Water Consumption:3,412,000 L

Waste Generated:68.2 tonnes paper (3.6 tonnes recycled, 21.5 tonnes to landfill); 928 tonnes paper and plastic packaging materials

Adopted over 80% LED lighting and maximised nature lighting in offices; reduced overall electricity consumption to approximately 44,544,000 kWh, equivalent to approximately 36,830 tonnes CO2e emissions; reduced paper consumption to about 68.2 tonnes, disposed 21.5 tonnes to landfill and recycled approximately 3.6 tonnes of paper waste; recycled over 220 pieces of furniture and 210 pieces of toner cartridges; implemented ITeSHOP to reduce packaging materials; complied with the Environmental Levy Scheme on Plastic Shopping Bags.
Launched an I.T Business Trip Policy to reduce carbon emissions from business trips; collaborated with logistic contractors to improve delivery efficiency and minimize GHG emissions.

Maintained a positive and competent workforce through offering attractive remuneration and benefits, ensuring workplace health and safety, and providing a thriving environment for continuous career and personal development; offered comprehensive and competitive remuneration and welfare packages; reviewed individual performance fairly and offered promotion opportunities and salary adjustments; gave discretionary performance bonus to staff; offered fringe benefits such as marriage leave, maternity and paternity leaves; adopted flexible working hours; offered staff discount on products; supported youth development in the fashion industry through sponsoring the Graduation Fashion Show 2017 and offering internships.

Implemented good corporate governance practices and emphasised transparency and accountability; established four Committees (Audit, Remuneration, Nomination, and Executive) to oversee particular aspects of the Company’s affairs; adopted a board diversity policy; adopted the Model Code for Securities Transactions by Directors of Listed Issuers; ensured compliance with the CG Code and disclosures in the Corporate Governance Report; established a risk management and internal control system based on the COSO framework; maintained harmonious relationships with stakeholders.

Varying levels of performance across operating regions; negative comparable store sales growth in Hong Kong in the first half of the financial year; decrease in comparable store sales growth on the Mainland in the fourth quarter; uncertain macroeconomic conditions and geopolitical tensions; competitive retail landscape.

Uplifted brand image and gross margin through a controlled discount initiative; upgraded operating profitability through cost efficiency measures such as store consolidation in Hong Kong; focused and innovative marketing initiatives; brand awareness investments; enhancement of brand portfolio; rationalised store distribution network in Hong Kong; continued expansion in Mainland China; further extended the reach of brands in overseas markets; introduced a new multi-brand store concept, “i.t blue block”; held back major end-of-season promotional activities to safeguard margins and strengthen brand integrity; improved store design to offer a more inspiring shopping experience; innovative marketing initiatives and collaborative activities.

Supplier Audits: Over 80% of suppliers audited

Suppliers required to comply with relevant laws and regulations relating to environmental and social aspects; suppliers required to value and respect human rights and social justice standards; evaluation of suppliers’ performance according to pre-defined procurement guidelines and criteria.