Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Responsible Investment
• Employee Well-being
• Community Investment
• Corporate Governance
• Supply Chain Management
• Data Security and Privacy

Environmental Achievements

• Implemented a range of environmentally friendly measures within our offices, including promoting a paperless office, utilizing video and phone conferencing, implementing energy-saving measures, reducing water consumption, optimizing resource utilization, and actively engaging in waste recycling.
• Achieved an upgrade to “BBB” in the MSCI ESG rating.

Social Achievements

• Consistently allocate resources to enhance and optimize the work environment, working towards eliminating occupational hazards to ensure the safety of our employees during their work.
• Instituted several measures to foster the physical and mental well-being of our workforce.
• Actively engage in fundraising activities through the China Everbright Charitable Foundation (“CECF”), taking tangible actions to support communities in need.
• Prioritise the ongoing and comprehensive development of our employees, aiming to enhance both their professional expertise and personal growth.
• Actively fulfil our corporate social responsibilities and contribute to the community by providing long-term support for various educational initiatives.
• Strive to establish a fair, equal, diverse, and inclusive work environment.

Governance Achievements

• Upholding a high standard of corporate governance and conduct our business operations based on the highest ethical and responsible principles.
• Rigorously enforce company policies to ensure the legal compliance of both our business and office operations.
• Maintain close relationships with stakeholders from diverse backgrounds, fostering enduring partnerships built on mutual trust.
• Integrate ESG factors and considerations in our investment decisions and practices.

Climate Goals & Targets

Environmental Challenges

• Climate change risks (transition and physical risks)
• Data security and privacy risks
• Supply chain disruptions

Mitigation Strategies

• Formulated the Climate Change Policy, ESG Risk Management Statement, and Responsible Investment Guidelines.
• Implemented measures related to ESG risk management, effectively managing the Group’s significant risks and ESG-related risks.
• Established a comprehensive ESG risk management plan.
• Extended environmental protection responsibilities and standards to its supply chain through the Green Office and Sustainability Procurement Management Guide.
• Implemented policies such as the Information Technology Security Policy, Management of Confidential Information and Confidentiality Agreements, and Data Security and Privacy Protection Statement.

Supply Chain Management

Supplier Audits: 64 suppliers completed relevant procedures and approvals to be included in the CEL’s supplier whitelist. As of 31 December 2023, the Group had 484 suppliers.

Responsible Procurement

• Prioritise collaboration with suppliers who uphold environmental responsibilities.
• Give preference to purchasing energy-efficient and environmentally friendly products.
• Rigorously enforce and periodically update the Procurement Management Guidelines.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (typhoons, flooding, heat, drought)
• Power shortages

Transition Risks

• Policy and regulatory changes
• Market shifts
• Technological changes

Opportunities

• Development of energy-efficient products and services
• Investment in renewable energy and green technologies

Reporting Standards

Frameworks Used: GRI Standards, SEHK’s ESG Reporting Guide, UN Sustainable Development Goals (SDGs)

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 8 (Decent work and economic growth)
• Goal 9 (Industry, innovation, and infrastructure)
• Goal 10 (Reduced inequalities)
• Goal 11 (Sustainable cities and communities)
• Goal 12 (Responsible consumption and production)
• Goal 13 (Climate action)
• Goal 17 (Partnerships for the goals)

The report mentions alignment with 9 SDGs but doesn't explicitly detail how initiatives contribute to each goal.

Awards & Recognition

• Caring Company (13 consecutive years)
• Caring Organisation (13 consecutive years)
• Happy Company 5 years+ (9 consecutive years)
• Sport-Friendly Action (4 consecutive years)
• Workplace Best Practices Award — Outstanding Award
• Privacy-Friendly Awards (Bronze Award)
• MSCI ESG Rating Upgraded to BBB