Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental sustainability
• Technological innovation
• Corporate governance
• Community relationship
• Employee well-being
• Supplier management
• Compliance with local laws and regulations

Environmental Achievements

• Reduced paper consumption by encouraging double-sided printing, printing in black and white, reusing papers printed on one side and E-storage of documents.
• Participated in “Earth Hour 2020”

Social Achievements

• Provided employees with health coverage, medical insurance, and other competitive fringe benefits.
• Implemented COVID-19 measures including compulsory body temperature checks, mandatory wearing of surgical face masks, and visitor restrictions.
• Offered flexible working hours arrangements to improve work-life balance.
• Provided training and development opportunities for employees, covering investment and finance, financial reporting, anti-corruption, anti-money laundering, and Listing Rules compliance.

Governance Achievements

• Established an audit committee, remuneration committee, and nomination committee.
• Complied with the Corporate Governance Code (CG Code) except for deviations in CG Code provision A.6.7.
• Adopted the Model Code for Securities Transactions by Directors.
• Established a whistle-blowing mechanism.

Climate Goals & Targets

Environmental Challenges

• Equity price risk due to market fluctuations.
• Credit risk from counterparties.
• Liquidity risk from illiquid investments.
• Climate change risks (extreme weather, chronic health conditions, transition risks).
• Potential reputational damage from ESG performance of investments.

Mitigation Strategies

• Diversification of investment portfolio.
• Transactions with reputable counterparties.
• Maintaining sufficient cash and marketable securities.
• Work from home arrangements to mitigate extreme weather risks.
• Raising employee awareness of health risks related to climate change.
• Enhanced ESG-related risk analysis in investment process.

Supply Chain Management

Supplier Audits: 2

Responsible Procurement

• Supplier selection criteria considering shared values on sustainable development.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather (typhoons, rainstorms)
• Damage to office premises and utilities
• Risk to employee safety
• Telecommunications and computer failure

Transition Risks

• Reputation risk
• Policy and legal risk
• Market risk

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Appendix 27 of Main Board 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

Environmental Metrics

ESG Focus Areas

• Environmental sustainability
• Technological innovation
• Corporate governance
• Community investment
• Employee well-being

Environmental Achievements

• Reduced carbon equivalent emission from 14.59 tonnes in 2020 to 10.46 tonnes in 2021. Reduced paper usage from 0.91 tonnes in 2020 to 0.81 tonnes in 2021. Reduced electricity consumption from 16,891 kWh in 2020 to 13,599 kWh in 2021.

Social Achievements

• Maintained a 0% employee turnover rate in 2021. Provided employees with health coverage, medical insurance, and other competitive fringe benefits. Implemented flexible working hours arrangements to improve work-life balance. Provided training and development opportunities for employees (average 14 hours per employee).

Governance Achievements

• Established an ESG Working Group to assist the Board in overseeing ESG-related issues. Established a whistle-blowing mechanism. Complied with the Corporate Governance Code (with minor deviations).

Climate Goals & Targets

Environmental Challenges

• Extreme weather events (typhoons, rainstorms) posing operational risks.
• Climate change impacting long-term health conditions of employees.
• ESG performance of investments affecting company reputation.
• Potential changes in laws and regulations regarding ESG disclosure.
• Market risks due to climate change affecting investments.

Mitigation Strategies

• Developed mitigation measures to reduce the effects of typhoons on employees and the office (work from home arrangements). Regularly raised employee awareness of health risks due to temperature fluctuations and infectious diseases. Enhanced ESG-related risk analysis in the investment process. Regularly collected ESG-related data and monitored local laws and regulations of investments. Regularly analyzed ESG-related risks of investments to create a suitable risk-adjusted portfolio.

Supply Chain Management

Supplier Audits: 3 out of 13 key suppliers in Hong Kong assessed in 2021.

Responsible Procurement

• Criteria for supplier selection include shared values regarding sustainable development.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (typhoons, rainstorms)
• Climate change impacting long-term health conditions

Transition Risks

• Reputation risk from investments
• Policy and legal risk from changing regulations
• Market risk from climate change affecting investments

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Appendix 27 of Main Board 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

Environmental Metrics

ESG Focus Areas

• Environmental sustainability
• Technological innovation
• Corporate governance
• Community relationship
• Employee well-being
• Compliance with local laws and regulations
• Sound development of the market
• Supplier management

Environmental Achievements

• Reduced carbon equivalent emission from 10.46 tonnes in 2021 to 6.83 tonnes in 2022. Decrease attributed to work from home arrangements.
• Implemented green office practices such as double-sided printing, using recycled paper, and e-waste recycling.

Social Achievements

• Provided employees with competitive remuneration and benefits, including medical insurance and paid leave.
• Maintained a fair and open recruitment process, prohibiting discrimination.
• Implemented COVID-19 precautionary measures to protect employee health and safety.
• Offered flexible working hours to improve work-life balance.
• Provided training and development opportunities for employees, with 100% of employees receiving training in 2022 (average 13 hours).

Governance Achievements

• Maintained high standards of corporate governance, complying with the Corporate Governance Code (with minor deviations).
• Established an Audit Committee, Remuneration Committee, and Nomination Committee.
• Implemented a whistle-blowing mechanism and anti-fraud and anti-corruption policies.
• Complied with the Model Code for Securities Transactions by Directors.

Climate Goals & Targets

Environmental Challenges

• Fluctuating stock market due to global economic slowdown, inflation, the war in Ukraine, and the lingering COVID-19 pandemic.
• Climate change risks, including extreme weather events and potential impact on investments.
• Transition risks related to ESG-related disclosure requirements and market shifts.

Mitigation Strategies

• Maintaining a strong cash balance to prepare for market fluctuations.
• Diversification of investment portfolio.
• Enhanced ESG-related risk analysis in investment process.
• Regular monitoring of the ESG performance of investments.
• Implementing measures to reduce the effects of typhoons on employees and operations (work from home arrangements).
• Raising employee awareness of health risks caused by climate change.

Supply Chain Management

Supplier Audits: 3 out of 17 key suppliers assessed in 2022.

Responsible Procurement

• Criteria for supplier selection include shared values regarding sustainable development.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather (typhoons, rainstorms)
• Damage to office premises and utilities
• Risk to employee safety
• Telecommunications and computer failure

Transition Risks

• Reputation risk
• Policy and legal risk
• Market risk

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Appendix 27 of Main Board 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

Environmental Metrics

ESG Focus Areas

• Environmental sustainability
• Technological innovation
• Corporate governance
• Employee well-being
• Community investment

Environmental Achievements

• Reduced carbon equivalent emission from 6.83 tonnes to 5.25 tonnes

Social Achievements

• Maintained employee well-being through paid holidays, health coverage, and flexible working hours
• No work-related fatality or injury from workplace

Governance Achievements

• Complied with the code provisions set out in the Corporate Governance Code (CG Code), except for one deviation.
• Established a whistle-blowing mechanism and Anti-Fraud and Anti-Corruption Policy

Climate Goals & Targets

Environmental Challenges

• Stock market volatility influenced by economic, social, and political factors (inflation, interest rates, Ukraine war)
• Liquidity affecting short-term investment strategies
• Negative economic outlook in Hong Kong and global uncertainties

Mitigation Strategies

• Creative yet careful approach to new investments and portfolio management
• Exploring new potential investment areas while exercising due caution
• Managing risk through diversification and due diligence
• Developing mitigation measures to reduce the effect of typhoons on employees and office (work from home arrangement)

Supply Chain Management

Supplier Audits: 2/13 suppliers assessed in 2023

Responsible Procurement

• Supplier selection criteria considering shared values on sustainable development

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather (typhoons, rainstorms)
• Damage to office and utilities
• Employee safety risks
• Telecommunication and computer failures

Transition Risks

• Reputation risk from investments
• Policy and legal risk from changing regulations
• Market risk from climate change impacts

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: ESG Guide (Appendix C2 of Main Board 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