Climate Change Data

其祥生物科技控股有限公司 Kee Song Bio-Technology Holdings Limited

Climate Impact & Sustainability Data (2014, 2019, 2021)

Reporting Period: 2014

Environmental Metrics

Total Carbon Emissions:3410 tCO2e (2013); 3382 tCO2e (2014)
Total Energy Consumption:2172.832 MJ (2013); 2099.037 MJ (2014)
Water Consumption:154,685 m3 (2013); 152,970 m3 (2014)

ESG Focus Areas

  • Economic Performance
  • Market Image
  • Raw Materials
  • Products and Services
  • Environmental Regulations Compliance
  • Energy
  • Water
  • Emissions
  • Labor/Management Relations
  • Employment Relations
  • Occupational Health and Safety
  • Non-discrimination
  • Child Labor
  • Forced Labor
  • Customer Health and Safety
  • Compliance with Local Regulations
  • Compliance with Product and Service-Related Regulations
  • Product Services and Labeling
  • Food Safety Certification
  • Healthy and Affordable Food
  • Training and Education

Environmental Achievements

  • Reduced ammonia and hydrogen sulfide content in chicken manure by using lactic acid bacteria in feed and water, reducing odor and environmental pollution.
  • Recycled wood shavings used in chicken coops into organic fertilizer through a 120-day fermentation process.

Social Achievements

  • Launched various employee wellbeing initiatives including marriage gifts, hospital visitation gifts, and funeral condolence money.
  • Provided training and development opportunities for employees, with an average of 4.19 hours per employee in Singapore and 1.26 hours in Malaysia in 2014.
  • Achieved A- grade in the 2014 Listed Company Information Disclosure Assessment.

Governance Achievements

  • Established an Audit Committee and a Remuneration Committee in 2011 to enhance corporate governance.
  • Implemented a board of directors' conflict of interest avoidance system.

Climate Goals & Targets

Long-term Goals:
  • Expand the sales of value-added, healthy and safe products and processed foods to global markets.
  • Increase strategic partnerships to promote antibiotic-free and hormone-free chicken farming techniques.
Medium-term Goals:
  • Integrate the supply chain by establishing its own feed mill and hatchery.
  • Expand breeding farms to increase the production capacity of antibiotic-free and hormone-free chickens.
  • Move towards green, energy-saving, and zero-pollution farms.
Short-term Goals:
  • Expand the scale of broiler farms to stabilize the price of chicks and reduce costs.
  • Introduce and promote e-commerce to diversify sales channels.
  • Actively promote naturally raised, antibiotic-free chickens.

Environmental Challenges

  • Fluctuation in interest rates and inflation.
  • Raw material price increases (雏鸡 and feed).
  • Avian influenza and other animal diseases.
  • Insufficient production capacity.
  • Sales concentration.
Mitigation Strategies
  • Maintaining close contact with banks to manage exchange rate risks.
  • Developing market-differentiated products and maintaining good relationships with suppliers.
  • Planning to establish its own feed mill and hatchery.
  • Adopting closed-house systems and all-in-all-out farming methods.
  • Implementing product differentiation strategies and expanding into Malaysia and Taiwan markets.

Supply Chain Management

Supplier Audits: 17.4% of main raw material suppliers audited in 2014.

Responsible Procurement
  • Long-term partnerships with suppliers.
  • Supplier management procedures including selection, evaluation, and assessment.
  • Requirement of health certificates and product inspection reports (COA).

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI G4 Core Option, Food Processing Sector Disclosure, AA1000 Accountability Principle Standard, Taiwan Stock Exchange Listed Companies' Corporate Social Responsibility Best Practices, ISO 26000 Social Responsibility Guidelines, UN Global Compact Ten Principles

Certifications: ISO 9001:2008 (KSB), HACCP (KSB), GAHP MS 2027:2006 (MKP), JAKIM-halal (LKP)

Third-party Assurance: Ernst & Young (limited assurance)

Sustainable Products & Innovation

  • Sakura Chicken
  • Imperial Cordyceps Chicken
  • Kee Song Kang Le Chicken

Awards & Recognition

  • Singapore Prestige Brand Award (2010)
  • Creativity Excellence Award (Sakura Chicken)
  • Best of the Best Award (Imperial Cordyceps Chicken)
  • Golden Bull Award (MKP)
  • Healthiest Choice Award (Kang Le Chicken)
  • Halal certification (LKP)
  • Best Creativity Award (KSB)
  • SME Business Leadership Award (KSB)

Reporting Period: 2019

Environmental Metrics

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Developed an eco-friendly farming system using lactic acid bacteria to replace antibiotics and growth hormones in chicken feed, reducing ammonia and hydrogen sulfide in chicken waste.
  • Implemented resource recycling by using chicken manure as organic fertilizer for vegetable cultivation.

Social Achievements

  • Launched the Sakura Chicken and Kee Song Kang Le Chicken brands, providing consumers with healthier and more nutritious chicken products.
  • Provided various employee welfare measures, including marriage, funeral, and festival subsidies; irregular employee gatherings; performance bonuses; employee stock options; labor insurance; medical insurance; and accident insurance.

Governance Achievements

  • Established a remuneration committee and an audit committee in accordance with regulations.
  • Implemented a system for handling shareholder suggestions, questions, disputes, and litigation.

Climate Goals & Targets

Long-term Goals:
  • Expand sales of vegetables and seafood.
  • Promote antibiotic-free and growth hormone-free chicken farming technology to other Asian markets.
  • Develop a truly environmentally friendly ecosystem by expanding the application of lactic acid bacteria technology to vegetables.
Medium-term Goals:
  • Integrate upstream and downstream supply chains by establishing a feed mill.
  • Expand capacity for chick production.
  • Develop more nutritious chicken products.
Short-term Goals:
  • Adjust feed formulas and optimize farming environments to improve chicken growth, egg production, and hatching rates.
  • Expand farming capacity to increase production of antibiotic-free and growth hormone-free chickens.
  • Improve the efficiency of meat processing automation systems.
  • Promote e-commerce to diversify sales channels.

Environmental Challenges

  • Fluctuation in chicken prices due to market volatility in Malaysia.
  • Overall economic downturn leading to reduced consumer demand.
  • Increased chicken farming costs due to expansion and pursuit of higher quality products.
  • 2019 novel coronavirus outbreak impacting operations in Malaysia and Singapore.
Mitigation Strategies
  • Implemented a vertical integration plan for broiler farming to improve efficiency and expand revenue.
  • Strengthened cost control and improved farming efficiency in Malaysia.
  • Obtained export licenses to Singapore.
  • Implemented group office model, enhanced environmental disinfection, cleaning, and preventive material preparation to cope with the 2019 novel coronavirus outbreak.

Supply Chain Management

Responsible Procurement
  • Maintaining good relationships with suppliers to ensure stable raw material prices.

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

  • Sakura Chicken
  • Kee Song Kang Le Chicken
  • Lactic acid marinated chicken

Awards & Recognition

  • Singapore Golden Brand Award
  • Singapore Institute of Food Science & Technology Creative Excellence Award
  • Parents World's "Best of the Best" award for its 御膳蟲草雞

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:9486.13 tCO2e/year
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:89,413,622.64 MJ/year
Water Consumption:355,330 m3/year
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Economic
  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Reduced water usage by 6.57% compared to the previous year.
  • Energy consumption increased by only 2.1%, and carbon dioxide emissions increased slightly by 0.5%.

Social Achievements

  • Maintained a stable market position as one of the top three poultry suppliers in Singapore.
  • Implemented a vertical integration plan for poultry farming in Malaysia, resulting in revenue growth and market expansion.

Governance Achievements

  • Improved corporate governance rating from 36%-50% in 2019 to 66%-80% in 2021.

Climate Goals & Targets

Long-term Goals:
  • Promote value-added, safe products and processed foods to global markets
  • Increase strategic partnerships
Medium-term Goals:
  • Vertical integration of the supply chain
  • Increase contract and lease farms or acquire qualified farms
  • Move towards green, energy-efficient, and zero-pollution farms
Short-term Goals:
  • Adjust feed formulas and optimize the breeding environment
  • Source poultry from qualified farms
  • Expand farms
  • Improve efficiency of automated meat processing systems
  • Promote e-commerce
  • Develop nutrient-rich poultry products
  • Expand sales of vegetables and seafood
  • License poultry farming technology
  • Expand chick production capacity

Environmental Challenges

  • Rising raw material costs
  • Poultry diseases (e.g., avian influenza)
  • Insufficient production capacity
Mitigation Strategies
  • Strengthening product competitiveness
  • Maintaining good relationships with suppliers
  • Integrating the breeding supply chain to stabilize chick supply
  • Planning to establish a feed mill
  • Adopting closed-house farming
  • Implementing all-in-all-out farming methods
  • Regular disinfection and enhanced prevention measures
  • Maintaining environmental hygiene
  • Sourcing poultry from qualified farms
  • Expanding existing farms
  • Establishing automated closed-house farms

Supply Chain Management

Supplier Audits: 8 audits conducted in 2021 (11.59% of total suppliers)

Responsible Procurement
  • Long-term partnerships with suppliers
  • Supplier management procedures
  • Product quality checks
  • Health certificates
  • Product testing reports

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI G4 Core Option, Food Processing Sector Disclosure, AA1000 Accountability Principle Standard

Certifications: ISO 9001:2008, HACCP, MYGAP, Bizsafe3, MeSTI

Third-party Assurance: 基富聯合會計師事務所 (Limited Assurance)

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Sakura Chicken
  • Kee Song Kang Le Chicken
  • Lactic acid bacteria-marinated chicken
  • Kee Song organic chicken jerky

Awards & Recognition

  • Singapore Golden Brand Award
  • Singapore Institute of Food Science & Technology Creative Excellence Award
  • Parents World 'Best of the Best' Award
  • Golden Bull Award for Outstanding SME
  • Healthier Choice certification
  • JAKIM-halal certification
  • Emerging Poultry Integrator Award
  • ISO 9001:2008 certification
  • MyOrganic certification