Climate Change Data

i-Control Holdings Limited ൴౽ঐછٰϞࠢʮ̡

Climate Impact & Sustainability Data (2024)

Reporting Period: 2024

Environmental Metrics

Total Carbon Emissions:78 tonnes of carbon dioxide equivalent
Scope 1 Emissions:–
Scope 2 Emissions:66 tonnes of carbon dioxide equivalent
Scope 3 Emissions:12 tonnes of carbon dioxide equivalent
Renewable Energy Share:Not disclosed
Total Energy Consumption:169 MWh
Water Consumption:121 m3
Waste Generated:1833 kg (non-hazardous), 58 kg (hazardous)
Carbon Intensity:1.10 tonnes of carbon dioxide equivalent/employee

ESG Focus Areas

  • Environmental Protection
  • Employees' Rights
  • Operation Management
  • Community Contribution

Environmental Achievements

  • Eliminated all emissions of air pollutants with the adoption of electric vehicles. Greenhouse gas emissions intensity decreased by 1% compared to the year ended 31 March 2023. Energy consumption and water consumption lowered by 6% and 3% respectively compared to the year ended 31 March 2023.
  • Amount of non-hazardous waste produced lowered by 3% compared to the year ended 31 March 2023.

Social Achievements

  • No lost days due to work injuries reported during the year. No work-related fatality for the past 3 years.
  • Provided sickness allowance, communication and travelling allowance, study allowance and medical insurance. Set up a recreation centre for employees.

Governance Achievements

  • Established an internal policy for reporting hazards, injuries and illnesses. Adopted anti-corruption policy and whistle-blowing policy.

Climate Goals & Targets

Long-term Goals:
  • Supporting Hong Kong’s goal of achieving carbon neutrality by 2050
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Increased competition in the VCMA solutions market and weak business sentiment leading to pricing pressures and reduced margins.
  • High vacancy rates of Grade A office in Hong Kong reducing demand for smart office systems and related services.
  • Slower-than-expected post-COVID-19 economic recovery in the PRC impacting consumer sentiment and spending, leading to project suspensions and delays in the IT+OT business.
Mitigation Strategies
  • Leveraging the strengths of the experienced management team to seize opportunities brought about by increasing demand for VCMA solution services.
  • Diligent evaluation of project progress in the IT+OT business; considering reducing business operations or re-evaluating business development strategies if delays persist.
  • Adopting a prudent yet proactive development strategy and identifying potential investment opportunities.

Supply Chain Management

Supplier Audits: Annual monitoring and evaluation of existing suppliers.

Responsible Procurement
  • Compliance with laws and regulations relating to anti-corruption, employment, and health and safety. Prioritizing eco-friendly products.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
Transition Risks
  • Shifts in consumer preferences, increased operating costs to implement new practices, early retirement of existing equipment.
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Appendix C2 to the Listing Rules

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed