OrbusNeich Medical Group Holdings Limited
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:3,444.61 tCO2e/year
Scope 1 Emissions:81.87 tCO2e/year
Scope 2 Emissions:3,362.74 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:6,338,328.57 kWh/year
Water Consumption:27,078.80 m3/year
Waste Generated:27.87 tons/year (hazardous) + 20.31 tons/year (non-hazardous)
Carbon Intensity:0.03 tonnes CO2e/thousand USD revenue
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Reduced GHG emission intensity to 0.03 tonnes of carbon dioxide equivalent thousand revenue in USD.
Social Achievements
- Provided training to 80% of employees.
- Donated approximately USD 559,000 to the community.
Governance Achievements
- Established an ESG Working Group to assist the Board in managing ESG matters.
- Implemented an anti-corruption policy and code of business conduct & ethics.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Maintain or reduce the intensity of hazardous waste generated between 90% to 110% of the level of 2022.
- Maintain or reduce the intensity of non-hazardous waste consumption between 90% to 110% of the level of 2022.
- Maintain or reduce the energy consumption per thousand revenue in USD between 90% to 110% of the level of 2022.
- Maintain or reduce the water consumption per thousand revenue in USD between 90% to 110% of the level 2022.
Short-term Goals:
- Maintain or reduce the total GHG emission intensity between 90% to 110% of the level of 2022.
Environmental Challenges
- Increased severity and frequency of extreme weather conditions.
- Sustained elevated temperature.
- Changes in environmental-related regulations.
- Increased investor concern on ESG issues.
Mitigation Strategies
- Established adverse weather condition policy.
- Adopted energy conservation measures.
- Continue to improve energy efficiency by investing and upgrading the manufacturing facilities.
- Continue to monitor the regulatory environment.
- Explore the possibilities of applying renewable or clean energy in the manufacturing facilities.
- Strengthen oversight by the ESG Working Group on ESG issues and disclosure of ESG related information.
Supply Chain Management
Supplier Audits: On-site audits of key suppliers and annual assessment on all suppliers’ performance.
Responsible Procurement
- Rigorous assessments based on several criteria, including quality and source of products, reputation in the industry, price and delivery time, and environmental and social compliance.
Climate-Related Risks & Opportunities
Physical Risks
- Increased severity and frequency of extreme weather conditions such as flooding and cyclones
- Sustained elevated temperature
Transition Risks
- Changes in environmental-related regulations
- Increased investor concern on ESG issues
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: SEHK ESG Reporting Guide
Certifications: ISO 13485:2016
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:3,921.30 tCO2e/year
Scope 1 Emissions:69.81 tCO2e/year
Scope 2 Emissions:3,851.49 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:7,184,655.26 kWh/year
Water Consumption:31,471.00 m3/year
Waste Generated:181.55 tons/year (non-hazardous); 7.25 tons/year (hazardous)
Carbon Intensity:0.03 tCO2e per thousand revenue in USD
ESG Focus Areas
- Environmental Protection
- Social Involvement
- Stakeholder Engagement
- Sustainable Development
- Anti-corruption
- Product Responsibility
- Health and Safety
Environmental Achievements
- Reduced GHG emission intensity to 0.03 tCO2e per thousand revenue in USD (2022: approximately 0.03 tCO2e per thousand revenue in USD). Achieved target of reducing or maintaining the intensity of total GHG emission between 90% to 110% of the level of 2022 in 2023.
- Reduced hazardous waste intensity to 0.000047 tonnes per thousand revenue in USD (2022: approximately 0.000058 tonnes per thousand revenue in USD). Achieved target of reducing or maintaining the intensity of total hazardous waste generated between 90% to 110% of the level of 2022 in 2023.
- Completed carbon trading transaction in August 2023 due to surplus of 1,689 tonnes of carbon allowances in 2022.
- Implemented energy-saving measures such as replacing office lighting with LEDs and using energy-saving cooling towers.
Social Achievements
- Earned the title of “Outstanding Interventional Instrument Manufacturer” at the “Health Partnership Awards 2023”.
- Received the Enterprise Asia Linchpin of Asia Award for 2023 in the Healthcare, Pharmaceutical and Biotechnology Industry.
- Received the titles of Shenzhen Specialized Small and Medium Enterprises and Shenzhen Innovative SMEs.
- Organized events for International Women’s Day to promote gender equality.
- Organized various employee engagement activities (annual dinners, staff birthday parties, Happy Friday celebrations, autumn excursion).
- Maintained zero work-related injuries in 2023 (1 case in 2022).
Governance Achievements
- Established a Board ESG Working Group to oversee ESG matters.
- Implemented “Corporate Ethics and Anti-corruption Compliance — Code of Business Conduct and Ethics”.
- Provided anti-corruption training to directors and staff.
- Established whistleblowing procedures.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Reduce or maintain the intensity of total GHG emission between 90% to 110% of the level of 2023 in 2024.
- Reduce or maintain the intensity of total hazardous waste generated between 90% to 110% of the level of 2023 in 2024.
- Reduce or maintain the intensity of total energy consumption between 90% to 110% of the level of 2023 in 2024.
- Reduce or maintain the intensity of total water consumption between 90% to 110% of the level of 2023 in 2024.
- Reduce or maintain the intensity of total non-hazardous waste generated between 90% to 110% of the level of 2023 in 2024.
Environmental Challenges
- Increased energy indirect emissions due to easing of COVID-19 restrictions and expanded workforce.
- Increased total non-hazardous waste consumption due to enhancements in data collection mechanism.
- Potential climate-related risks: extreme weather conditions, sustained elevated temperature, regulatory changes, increased investor concern on ESG issues.
Mitigation Strategies
- Set targets for reducing or maintaining the intensity of total GHG emission, hazardous waste, and energy consumption.
- Implemented energy conservation measures and invested in upgrading manufacturing facilities to improve energy efficiency.
- Established adverse weather condition policy and emergency plans.
- Continue to monitor regulatory environment and explore renewable energy options.
- Strengthened oversight by the ESG Working Group on ESG issues and disclosure of ESG-related information.
- Conduct environmental feasibility studies for new facilities and projects.
Supply Chain Management
Supplier Audits: On-site audits of key suppliers; annual assessment on all suppliers’ performance.
Responsible Procurement
- Purchasing Procedure outlines responsibilities and guidelines for procurement; Supplier Approval and Assessment Procedure evaluates, approves, and monitors suppliers; considers suppliers’ ESG performance during procurement.
Climate-Related Risks & Opportunities
Physical Risks
- Increased severity and frequency of extreme weather conditions
- Sustained elevated temperature
Transition Risks
- Changes in environmental-related regulations
- Increased investor concern on ESG issues
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: SEHK ESG Reporting Guide
Certifications: ISO 13485:2016
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- “Outstanding Interventional Instrument Manufacturer” at the “Health Partnership Awards 2023”,
- Enterprise Asia Linchpin of Asia Award for 2023
- Shenzhen Specialized Small and Medium Enterprises
- Shenzhen Innovative SMEs