Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Protection
• Employee Care
• Operation Management
• Community Investment

Environmental Achievements

• Reengineered precipitators conversion projects for coal boilers to satisfy statutory emission standards. Developed a 'Pulsive Bag Precipitator' solution reducing construction materials, cost, and secondary pollution.
• Implemented resource monitoring in Shanghai Noble House Pudong Restaurant (water, electricity, gas) for future KPI disclosure and target setting.

Social Achievements

• Established a transparent employment system detailed in the Staff Handbook.
• Provided competitive remuneration packages, bonuses, and flexible work arrangements.
• Implemented fire safety measures and a Management Regulation on Work-related Injuries and Incidents.
• Provided orientation and training programs for new employees in both New Energy and Catering businesses.

Governance Achievements

• Formulated an Engineering Construction Management Procedure defining responsibilities for production safety and quality control.
• Established a reward and punishment system in the Catering Business to uphold integrity and honesty.
• Implemented stringent management on the construction of its engineering projects with regular site visits and quality inspections.

Climate Goals & Targets

Environmental Challenges

• High staff turnover rate.
• Environmental impacts concentrated on the downstream supply chain (New Energy Business).
• Lack of comprehensive carbon emission evaluation (initially).

Mitigation Strategies

• Will conduct a review and improve its employment system to attract and retain talents.
• Takes environmental impacts into account when designing technical solutions (New Energy Business).
• Included carbon emission evaluation in its 2017 Work Plan.

Supply Chain Management

Responsible Procurement

• Centralized control over the quality of materials in the Catering Business; stringent supplier selection process based on reputation, productivity, quality, and price.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weathers affecting resource acquisition and business operation

Reporting Standards

Frameworks Used: Environmental, Social and Governance Reporting Guide (Stock Exchange of Hong Kong Limited)

Sustainable Products & Innovation

• Pulsive Bag Precipitator

Environmental Metrics

ESG Focus Areas

• Employment
• Supply chain management
• Health and safety

Environmental Achievements

• Reduced carbon emissions (details in Metrics section)
• Implemented waste separation and recycling in Catering Business
• Implemented measures to reduce water consumption in Catering Business

Social Achievements

• Established ESG Regulations setting out employment policies, safe working environment, staff training, and labor standards
• Provided additional benefits to employees (canteen, accommodation, activities)
• No work-related injuries or casualties reported
• 93.8% of employees received training; average 1.9 hours per employee

Governance Achievements

• Established anti-corruption policies and procedures; no breaches reported
• Implemented supplier screening and evaluation policies emphasizing business integrity and anti-corruption

Climate Goals & Targets

Environmental Challenges

• High staff turnover rate (49.4%) in Catering Business

Mitigation Strategies

• Continued efforts to adjust structure and benefits to retain talent

Supply Chain Management

Supplier Audits: Quarterly and annual assessments performed on suppliers

Responsible Procurement

• Focus on operational management capabilities, technical engineering, scale production, quality control systems, and relevant certifications
• On-site assessments conducted on potential suppliers, including operational services, quality system, R&D capabilities, manufacturing, environmental management, human rights, and integrity

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Environmental, Social and Governance Reporting Guide

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

• Product and service quality
• Product and service safety
• Occupational health and safety
• Greenhouse gas emissions
• Employee benefits

Environmental Achievements

• No significant environmental incidents reported. Reduced greenhouse gas emissions (Scope 2) from 9.70 tonnes of carbon dioxide equivalent in 2019 to 37.49 tonnes in 2020 (Note: discrepancy requires further clarification). Implemented waste paper recycling in the office.

Social Achievements

• No work-related fatalities or injuries. Implemented various safety management systems and provided safety training. No cases of non-compliance with relevant laws and regulations relating to compensation and dismissal, recruitment and promotion, working hours, rest periods, equal opportunity, diversity, anti-discrimination, other benefits and welfare. Provided medical insurance and basic pension insurance, pension and Mandatory Provident Fund Protection Scheme to employees. No cases of non-compliance with relevant laws and regulations relating to product health and safety, advertising, labelling and privacy matters.

Governance Achievements

• Adopted a zero-tolerance approach to unethical behavior such as bribery, extortion, fraud, and money laundering. No cases of non-compliance with relevant laws and regulations within the Group regarding anti-corruption.

Climate Goals & Targets

Environmental Challenges

• Market competition in the Beijing-Tianjin region, government policy changes affecting coal-to-gas conversion projects, the COVID-19 pandemic impacting project timelines and LNG demand, health and safety risks associated with LNG handling, environmental protection regulations, supply chain disruptions, and exchange rate fluctuations.
• Concentrated credit risk due to a few major customers.

Mitigation Strategies

• Expanding New Energy Business to other regions, monitoring market trends and working with upstream gas sources, implementing pandemic prevention measures, strengthening equipment maintenance and employee safety training, complying with environmental regulations and conducting internal inspections, stringent supplier assessments and diversification of LNG suppliers, manpower planning, and monitoring exchange rate risks and formulating response measures.

Supply Chain Management

Supplier Audits: Annual inspection on suppliers

Responsible Procurement

• Impartial evaluation of suppliers, consideration of environmental and social factors, requirement for international quality management system certifications for some suppliers.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GEM Listing Rules and Guidance of The Stock Exchange of Hong Kong Limited

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed