Climate Change Data

Boltek Holdings Limited

Climate Impact & Sustainability Data (2018, 2020, 2021, 2022)

Reporting Period: 2018

Environmental Metrics

Total Carbon Emissions:398.16 tCO2e/year (Scope 1: 2.8 tCO2e, Scope 2: 88.95 tCO2e, Scope 3: 306.41 tCO2e)
Scope 1 Emissions:2.8 tCO2e/year
Scope 2 Emissions:88.95 tCO2e/year
Scope 3 Emissions:306.41 tCO2e/year
Total Energy Consumption:141,190 kWh/year
Water Consumption:868 m3/year
Waste Generated:63.94 tons/year

ESG Focus Areas

  • Environmental Protection
  • Employment & Labour Practices
  • Operating Practices
  • Community Involvement
  • Ethics

Environmental Achievements

  • Minimised air and greenhouse gas emissions, and non-hazardous waste generation.
  • Encouraged staff to use duplex printing and implemented paper recycling.
  • Established energy-efficient practices to reduce energy consumption in the head office.

Social Achievements

  • Attractive remuneration packages and benefits for employees.
  • Advocated a community spirit that thrives on mutual respect and equality.
  • Provided a comprehensive leave package to employees.
  • Organised a company trip to Tokyo for all staff and their families.
  • Sponsored several events in the elderly care, cultural promotion and social harmony fields.

Governance Achievements

  • Established an Audit Committee, Remuneration Committee, and Nomination Committee.
  • Complied with the Corporate Governance Code.
  • Appointed three independent non-executive directors.

Climate Goals & Targets

Environmental Challenges

  • Non-recurring listing expenses amounting to approximately HK$17.8 million.
  • High employee turnover rate of 17%.
Mitigation Strategies
  • Improved operation efficiency and profitability.
  • Proactively sought opportunities to expand customer base and market share.
  • Implemented various training programs for staff.
  • Regularly reviewed human resource policies.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Appendix 20 to the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited

Certifications: ISO9001:2015

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:10.06 tonnes CO2 (Scope 1) + 83.80 tonnes CO2 (Scope 2) + 23.75 tonnes CO2 (Scope 3) + 61.97 kg CO2 (Scope 3) + 6.57 tonnes CO2 (air travel)
Scope 1 Emissions:10.06 tCO2e/year
Scope 2 Emissions:83.80 tCO2e/year
Scope 3 Emissions:23.75 tCO2e/year + 61.97 kg CO2e/year + 6.57 tCO2e/year
Total Energy Consumption:133,019.83 kWh/year
Water Consumption:99.27 m3/year
Waste Generated:4.95 tons/year (paper waste)

ESG Focus Areas

  • Environmental Protection
  • Employment & Labour Practices
  • Operating Practices
  • Community Involvement
  • Ethics

Environmental Achievements

  • Minimised air and greenhouse gas emissions and non-hazardous waste generation.
  • Used unleaded petrol for all motor vehicles.
  • Encouraged staff to use duplex printing and implemented scrap paper collection.
  • Established energy-efficient practices to reduce energy consumption in the head office.

Social Achievements

  • Provided attractive remuneration packages and benefits to employees.
  • Complied with equal opportunities legislation.
  • Offered an internship program for university students.
  • Provided different types of leaves to employees, covering sickness, marriage, funeral, and maternity leave, as well as statutory holidays.
  • Organised lunch gatherings for staff at different festivals (lessened due to COVID-19).

Governance Achievements

  • Complied with the Corporate Governance Code.
  • Established three Board committees (Audit, Remuneration, and Nomination).
  • Adopted a Board diversity policy.
  • Established procedures and internal controls for handling and disseminating inside information.
  • Engaged an external consultant to review the effectiveness of the internal control system.

Climate Goals & Targets

Environmental Challenges

  • COVID-19 pandemic and its potential impact on business operations and charitable activities.
  • Maintaining a high standard of ethics and corporate governance.
  • Managing customer data privacy during tendering.
  • Minimising environmental emissions impact.
Mitigation Strategies
  • Closely monitored the developments of the pandemic and maintained business strategies.
  • Implemented a compliance manual and whistleblowing policy.
  • Established an agreement over information confidentiality with each contract.
  • Took effective measures for environmental protection and sustainable development based on relevant emission laws and regulations.
  • Implemented energy-efficient practices and waste reduction initiatives.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Appendix 20 to the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited

Certifications: ISO9001:2015

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:5.12 tonnes CO2e/year
Scope 2 Emissions:59.94 tonnes CO2e/year
Scope 3 Emissions:25.32 tonnes CO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:161,992.00 kWh/year
Water Consumption:112.73 m3/year
Waste Generated:5.28 tons/year (paper waste)
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental protection
  • Employment
  • Development and training
  • Anti-corruption
  • Community investment

Environmental Achievements

  • Reduced air emissions from vehicles (Nitrogen Oxides, Sulphur Oxides, and Respiratory Suspended Particles)
  • Reduced GHG emissions (Scope 1, 2, and 3)

Social Achievements

  • Maintained a comprehensive staff welfare program including group medical coverage, education allowances, and job-related membership registration allowances.
  • Zero work injury cases during the year and no job-related fatalities in the past three years.
  • Donation of approximately HK$130,000 to Lifewire and over HK$100,000 to Sing Tao Charitable Foundation.

Governance Achievements

  • Compliance with the Corporate Governance Code (CG Code) contained in Appendix 15 of the GEM Listing Rules.
  • Full compliance with the required standard of dealings set out in the Code of Conduct regarding directors’ securities transactions.

Climate Goals & Targets

Long-term Goals:
  • Reduce GHG emissions by 2% in 2026 (baseline 2021).
Medium-term Goals:
  • Maintain low water consumption and avoid unnecessary water usage.
Short-term Goals:
  • Reduce waste by 2% in the next five years.

Environmental Challenges

  • Ongoing COVID-19 pandemic adversely impacting the construction industry in terms of cash flow, operational efficiencies, and project completion progress.
  • Decrease in COVID-19 related government subsidies.
Mitigation Strategies
  • Focus on long-term goals and sustainable development.
  • Appropriate measures to improve operating efficiency and proactive approach in tendering profitable projects.

Supply Chain Management

Supplier Audits: 37 subcontractors audited

Responsible Procurement
  • Selection based on expertise, business scale, reputation, and adherence to environmental, quality, social, and commercial ethics standards.

Climate-Related Risks & Opportunities

Physical Risks
  • Rising temperature
  • Heavy rain
  • Extreme weather events
Transition Risks
  • Changes in climate-related regulations and customer preferences
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Appendix 20 to the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited

Certifications: ISO9001:2015

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:69.86 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:5.91 tCO2e/year
Scope 2 Emissions:63.2 tCO2e/year
Scope 3 Emissions:21.46 tCO2e/year (paper waste)
Renewable Energy Share:Not disclosed
Total Energy Consumption:170,814.00 kWh/year
Water Consumption:95.00 m3/year
Waste Generated:4.47 tons/year (paper)
Carbon Intensity:0.47 tCO2e/staff

ESG Focus Areas

  • Environmental protection
  • Employment
  • Development and training
  • Anti-corruption
  • Community investment

Environmental Achievements

  • Maintained minimum usage of motor vehicles and electricity; encouraged employees to use public transportation; maintained zero business air travel; no non-compliance relating to air or GHG emissions

Social Achievements

  • Developed a comprehensive human resources framework for compensation, recruitment, appraisal, dismissal, welfare, training and development; implemented a fair recruitment policy; provided equal opportunities to all employees for promotion and career development; no non-compliance relating to compensation and dismissal, recruitment and promotion, working hours, rest periods, equal opportunities, diversity, anti-discrimination and other benefits and welfare; provided vaccination leave to promote staff wellbeing

Governance Achievements

  • Established ESG governance structure; established three Board committees (Audit, Remuneration, and Nomination); complied with the CG Code; appointed three independent non-executive Directors; obtained ISO9001:2015 certification

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Reduce GHG emissions intensity by 2% in 2026 compared to the baseline of 2021
Short-term Goals:
  • Reduce electricity usage intensity to around 900kWh per staff member

Environmental Challenges

  • COVID-19 pandemic adversely impacted the construction industry, affecting negotiation of new projects and delaying progress of existing projects; increase in staff cost
Mitigation Strategies
  • Continued to secure existing projects and services; actively negotiated and secured new projects and tenders; improved operation efficiency and profitability; expanded team of professionals; proactively sought opportunities to expand customer base and market share; implemented a share option scheme to motivate, attract and retain employees; monitored the regulatory market to ensure services comply with regulatory requirements; implemented measures to fight against the pandemic in offices

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Fair and equal suppliers selection procedure; background search and assessment of new subcontractors; performance appraisal of suppliers and subcontractors; expectation that all suppliers and subcontractors fulfil standards of environment, quality, society, and commercial ethics

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather conditions (tropical cyclones, rainstorms, flooding, heat waves)
Transition Risks
  • Stricter climate-related regulations; changes in customer preferences
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Appendix 20 to the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited

Certifications: ISO9001:2015

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed