Climate Change Data

Hang Yick Holdings Company Limited (㛬ूછٰϞࠢʮ̡)

Climate Impact & Sustainability Data (2022-03 to 2023-03)

Reporting Period: 2022-03 to 2023-03

Environmental Metrics

Total Carbon Emissions:810.02 tCO2e/year
Scope 1 Emissions:296.76 tCO2e/year
Scope 2 Emissions:499.30 tCO2e/year
Scope 3 Emissions:15.11 tCO2e/year
Total Energy Consumption:750,498 kWh/year
Water Consumption:7,061 m3/year
Waste Generated:15.19 tons/year (non-hazardous)
Carbon Intensity:4.38 tCO2e per million Hong Kong dollars in revenue

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Total GHG emissions decreased by 7.5% compared to the previous year.
  • Paper consumption reduced from 2,289 kg to 2,240 kg.
  • EMS implemented in main manufacturing facilities certified to ISO 14001:2015.

Social Achievements

  • Employee turnover rate dropped from 40.3% to 27.9%.
  • Implemented Happiness at Work Promotional Scheme.
  • Received Happy Company Award from Promoting Happiness Index Foundation.
  • No serious or fatal incidents occurred; 12 work-related injuries, 400 lost workdays.

Governance Achievements

  • Established Anti-Corruption Policy and Whistleblowing Policy.
  • Board Independence Evaluation Mechanism established.
  • Share Option Scheme adopted.

Climate Goals & Targets

Environmental Challenges

  • Delay in construction progress due to delay in design finalization process.
  • Shortage of skilled labor.
  • High construction costs.
  • Increased competition.
  • Supply chain disruptions and labor shortage leading to increased construction costs.
  • Issues arising from certain subsidiaries (HY China Group) involving suspicious transactions.
Mitigation Strategies
  • Accepted small quantity orders and short-term projects.
  • Cost control and new construction techniques.
  • Voluntarily wound up HY China and de-consolidated HY China Group.
  • Retained basic business records of HY China Group.
  • Appointed HY China Liquidators.

Supply Chain Management

Responsible Procurement
  • Approved list of suppliers and service providers with assessment criteria.

Climate-Related Risks & Opportunities

Awards & Recognition

  • Happy Company Award
  • Certificate of Approval for meeting the requirements of GB/T 24001 –2016/ISO 14001:2015
  • Certificate of Approval for meeting the requirements of GB/T 19001 –2016/ISO 9001:2015