Climate Change Data

CITIC Securities International Company Limited

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:5,045.65 tCO2e/year
Scope 1 Emissions:36.93 tCO2e/year
Scope 2 Emissions:3,405.59 tCO2e/year
Scope 3 Emissions:1,603.13 tCO2e/year
Renewable Energy Share:100% in New York office
Total Energy Consumption:5,992,882.65 kWh/year
Water Consumption:1,511.72 m3/year
Waste Generated:89,986.49 kg/year
Carbon Intensity:0.15 tCO2e/m2

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • 3% year-on-year reduction in energy intensity
  • Achieved Silver status in Swire Properties’ Green Performance Pledge for two consecutive years
  • Adopted Renewable Energy Certificates (“REC”) for 100% of the electricity for our New York office

Social Achievements

  • Employees volunteered over 1,500 hours in various outreach programs (50% year-on-year increase)
  • Launched CITIC CLSA Youth Mental Health Programme in collaboration with Po Leung Kuk, expected to benefit over 100,000 individuals

Governance Achievements

  • Underwrote 40 green, social, and sustainability bonds, raising over USD13.25 billion
  • No incidents of non-compliance with laws or regulations reported

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Physical risks (acute and chronic) from climate change impacting operations and assets
  • Transition risks from evolving climate regulations, technology changes, and market shifts
Mitigation Strategies
  • Integrated climate considerations into investment strategy and risk management
  • Developed a four-step approach to manage climate-related risks in investments
  • Implemented a comprehensive risk management framework covering various risk types
  • Developed early warning mechanisms and concentration risk management strategies

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Acute physical risks (floods, storms)
  • Chronic physical risks (temperature increase, sea level rise)
Transition Risks
  • Policy and legal risks (regulatory changes)
  • Technology risks (cost of new technologies)
  • Market risks (competitiveness)
  • Reputation risks
Opportunities
  • Development of ESG and sustainability bonds
  • Integration of ESG factors into investment analysis

Reporting Standards

Frameworks Used: GRI Sustainability Reporting Standards, TCFD, SASB Standards

Certifications: ISO 14001

Third-party Assurance: AVISTA Risk Advisory Limited

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 13 (Climate Action)
  • Goal 8 (Decent Work and Economic Growth)
  • Goal 11 (Sustainable Cities and Communities)
  • Goal 17 (Partnerships for the Goals)

Initiatives contribute to these goals through sustainable finance, emissions reduction, community engagement, and responsible business practices.

Sustainable Products & Innovation

  • ESG and sustainability bonds

Awards & Recognition

  • The Asset Triple A Sustainable Investing Awards 2023
  • Asiamoney Brokers Poll 2023 (various awards for ESG research)
  • Exceptional Corporate Partner from Caritas Hong Kong
  • The Highest Corporate Volunteer Service Hours Award from TREATS Hong Kong
  • Caring Company recognition (9th consecutive year)