Climate Change Data

Environmental Metrics

Social Achievements

• Implemented a rigorous apprenticeship program at the Sakata Campus which was instrumental to the retention and continued nurturing of craftsmen in Sakata.
• Various programs to improve its global brand positioning and communication with target consumers; upgraded its global website and social media platforms.

Governance Achievements

• The Company’s corporate governance practices are based on the principles and code provisions as set out in Part 2 of Corporate Governance Code (the “CG Code”) as contained in Appendix C1 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules).

Climate Goals & Targets

Environmental Challenges

• Increased and fierce market competition resulting from adjustments in participation and consumers’ willingness to pay as the global economic performance remained subdued and certain areas of the world experienced economic slowdown.
• Continued supply chain challenges as a result of labour shortage and increase of raw material price, and global economic and political uncertainties.
• Intensified competition within the golf industry, continued supply chain challenges as a result of labour shortage and increase of raw material price, and global economic and political uncertainties.

Mitigation Strategies

• Further strengthened and streamlined its product offering around two consumer segments, namely super-premium and premium-performance consumer segments.
• Actively re-branded itself in order to re-define the HONMA brand as a dynamic, relevant and premium golf lifestyle brand among younger golfers.
• Continued to reprioritise its distribution strategy in North America and Europe by focusing on a smaller but premier group of accounts that are most capable to represent HONMA’s tradition and pursue in the super-premium and premium-performance consumer segments.
• Optimising its organisational set up and cost base in both markets to properly anchor their near to mid-term growth amidst social, economic and financial uncertainties.
• The Group is confident in its ability to mitigate the adverse impacts of such uncertainties and will seize every possible opportunity to preserve cash, to optimize its operational efficiencies in order to foster a solid foundation for the mid- and long-term development with respect to its brand, products, distribution channel, employees and supply chain.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS

Third-party Assurance: Ernst & Young