Neusoft Education Technology Co. Limited
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:21,943.19 tCO2e/year (Scopes 1 and 2)
Scope 1 Emissions:223.17 tCO2e/year
Scope 2 Emissions:21,720.02 tCO2e/year
Total Energy Consumption:37,383,862.04 kWh/year
Water Consumption:1,019,409.75 tonnes/year
Waste Generated:13,934.60 tonnes/year (non-hazardous)
ESG Focus Areas
- Cultivating Talents and Focusing on Student Development
- Compliance First, Stable Business Operation
- People-oriented, Establishing an Outstanding Workforce
- Leading with Wisdom, Building Safe and Green Campus
- Caring for the Community, Actively Contributing to the Society
Environmental Achievements
- Reduced water consumption by approximately 23.5% compared to the previous year.
Social Achievements
- Over 17,000 new students enrolled in 2022/2023, a 17.1% increase.
- Average employment rate of 2022 graduates exceeded 90%.
- More than 3,800 awards won in academic competitions above the provincial level.
- Successfully passed five qualification certifications in 2022 (ISO 9001, ISO 14001, ISO 45001, ISO 27001, GB/T27922).
Governance Achievements
- Established an ESG Committee.
- Formulated a Board diversity policy.
- Implemented a Whistleblowing and Supervision Management Measures.
- Adopted an Anti-fraud Management regulation and conducted anti-corruption training for all employees (100% coverage).
Climate Goals & Targets
Long-term Goals:
- Become a leading education service provider of digital talents in China.
Medium-term Goals:
- Gradually reduce per capita electricity consumption, per capita water consumption, waste generation, and greenhouse gas emissions.
Short-term Goals:
- Further improve the quality of education services and brand influence.
- Expand the scale of industrial colleges and improve delivery quality and efficiency.
Environmental Challenges
- Maintaining and raising tuition fee levels.
- Expanding student enrollments and the number of cooperating universities.
- Intense competition in the PRC education industry.
- Uncertainties brought by recent developments of PRC laws relating to private education.
- Risks relating to contractual arrangements.
- Potential impact of extreme weather changes due to climate change.
Mitigation Strategies
- Implemented TOPCARES integrated talent training model.
- Expanded cooperation with vocational colleges and increased the number of cooperation projects.
- Improved the quality of education services and brand influence.
- Increased investment in R&D to develop outstanding education resource products.
- Improved the 4S service model to cultivate digital talents.
- Formulated a Comprehensive Risk Management Manual and contingency plans for extreme weather events.
- Included external environmental management system in Risk Management Manual.
Supply Chain Management
Supplier Audits: 373 suppliers passed qualification review; regular assessment and evaluation of suppliers.
Responsible Procurement
- Suppliers required to sign a “Social Responsibility Commitment” covering compliance, environmental and social performance, including fair treatment of employees, no corruption, no forced labor, equal recruitment, reasonable remuneration, environmental protection, and no child labor.
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather changes (floods, typhoons, hail, snowstorms, sandstorms)
Reporting Standards
Frameworks Used: Appendix 27 of the Listing Rules of the Stock Exchange of Hong Kong, Environmental, Social, and Governance Reporting Guide
Certifications: ISO 9001, ISO 14001, ISO 45001, ISO 27001, GB/T27922