Climate Change Data

8I Holdings Limited

Climate Impact & Sustainability Data (2020, 2021)

Reporting Period: 2020

Environmental Metrics

ESG Focus Areas

  • Diversity
  • Governance
  • Risk Management
  • Compliance
  • Safety
  • Environment
  • Community

Social Achievements

  • Established Diversity Policy promoting workplace diversity and inclusion.

Governance Achievements

  • Adopted Corporate Governance Plan with detailed Board Charter, Code of Conduct, Audit and Risk Committee Charter, Remuneration and Nomination Committee Charter, and Whistleblower Policy.
  • Established policies on continuous disclosure, risk management, trading, shareholder communications, anti-bribery and anti-corruption, and social media.

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ASX Corporate Governance Council Corporate Governance Principles and Recommendations (4th Edition)

Reporting Period: 2021

Environmental Metrics

ESG Focus Areas

  • Education
  • FinTech
  • Community Engagement

Social Achievements

  • Established the “VI Club for Youth” in Malaysia – a financial education platform freely accessible for students aged 16-24.
  • Established the VI College NTU Bursary Fund for the School of Computer Science and Engineering at Nanyang Technological University, Singapore.
  • Contributed to the Singapore FinTech Association’s fundraising efforts to assist lower-income families.

Governance Achievements

  • Incorporated an 8IH Variable Capital Company (“VCC”) under the VCC framework – a new corporate structure for investment funds designed to offer greater operational flexibility and better corporate governance.

Climate Goals & Targets

Medium-term Goals:
  • Invest heavily in digitalisation and talent, expand total addressable market, and offer new products in the regulated space.

Environmental Challenges

  • Volatility of global markets and 'lower-for-longer' interest rates.
  • Uneven global economic re-openings amidst concerns about rising inflation and interest rate hikes.
  • Underperformance of top two holdings in HCF Asia fund.
Mitigation Strategies
  • Developed, refined, and tested different stock picking and portfolio management strategies for HCCM.
  • Adopted an increasingly defensive stance and reduced positions in the market to hold more cash.
  • Made adjustments to allocation of top two holdings in HCF Asia fund to optimize for growth.
  • Focused on three pillar funds (HCF Asia, HCF U.S., VIQuant U.S. Growth Fund) for HCCM's future growth.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations