MicroTech Medical (Hangzhou) Co., Ltd.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:1609.67 tCO2e/year
Scope 1 Emissions:8.37 tCO2e/year
Scope 2 Emissions:1,601.90 tCO2e/year
Total Energy Consumption:4,329,450.00 kWh/year
Water Consumption:19,717.00 m3/year
Waste Generated:7680 kg/year
ESG Focus Areas
- Supply chain management
- Information security
- Product quality and safety
- Customer service
- Intellectual property protection
- Innovative R&D
- Compliance employment
- Employee training and development
- Equality and diversity
- Remuneration and welfare
- Occupational safety and health
- Anti-corruption
- Wastewater discharge management
- Contribution to society
- Climate change response
Environmental Achievements
- GHG emissions reduced by tree planting (Scope 1): 0.60 tCO2e
Social Achievements
- Awarded the 2023 Hangzhou Healthy Company
- 0 days lost due to work injury in the Group
- No work-related fatalities in the past three years
- Launched the “No Finger Tied, Full Care” public service initiative
- Donated 10,000 sets of dynamic blood glucose monitors free of charge
- External donations and materials totaled RMB1.98 million
Governance Achievements
- Established the ESG Supervisory Committee
Climate Goals & Targets
Environmental Challenges
- Changes in general market conditions and regulatory environment
- Ability to develop, manufacture, and commercialize products
- Competition with other medical device companies
- Credit, liquidity, and foreign exchange risks
- Potential for product recalls
- Limited experience in marketing and sales
- Difficulties enrolling patients in clinical trials
- Risks associated with clinical product development
- Stringent regulations
- Potential for undesirable adverse events
- Dependence on Equil sales growth
Mitigation Strategies
- Adopted a consolidated set of risk management policies
- Implemented strict quality control, quality assurance, and quality improvement measures
- Established a comprehensive quality management system
- Implemented a risk management framework to identify, assess, evaluate, and monitor key risks
- Strengthened training, service, and marketing teams
- Developed contingency plans for extreme weather
- Exploring the transformation of sustainable products
- Implemented internal control systems
Supply Chain Management
Supplier Audits: Annual audits of important suppliers
Responsible Procurement
- Supplier Evaluation and Control Procedures
- Raw Material Procurement Contract
- Procurement Control Procedures
- Product Protection and Delivery Control Procedures
- Contract Management System
Climate-Related Risks & Opportunities
Physical Risks
- Super typhoons, storms, extreme rainfall
- Sea level rise
Transition Risks
- Market risks and policy and regulatory risks
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: Appendix 27 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited
Awards & Recognition
- 2023 Hangzhou Healthy Company