ITE (Holdings) Limited
Climate Impact & Sustainability Data (2022-04 to 2023-03, 2023-04 to 2024-03)
Reporting Period: 2022-04 to 2023-03
Environmental Metrics
Total Carbon Emissions:23.17 tCO2e/year
Scope 1 Emissions:0 tCO2e/year
Scope 2 Emissions:22.51 tCO2e/year
Scope 3 Emissions:0.67 tCO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:59,415 MWh/year
Water Consumption:Not disclosed
Waste Generated:0 tons/year
Carbon Intensity:Not disclosed
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Reduced GHG emissions from 81.12 tonnes of CO2e to 23.17 tonnes of CO2e.
- Implemented energy-saving initiatives such as installing LED lighting and encouraging paperless workflow.
Social Achievements
- Received the “Partner Employer Award 5 years” from The Hong Kong General Chamber of Small and Medium Business for employing local students and graduates.
- Welcomed sixteen interns from various universities.
Governance Achievements
- Appointed Mr. Yeung Kin Hing as a new independent non-executive director.
- Adopted a board diversity policy with a target to appoint at least one female director by 31 December 2024.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Insufficient insurance coverage to cover all losses associated with business operations.
- Economic downturn impacting business growth.
Mitigation Strategies
- Regular review of insurance policies.
- Cost reduction through restructuring and streamlining operations, exploring overseas business opportunities.
Supply Chain Management
Supplier Audits: All suppliers went through standard evaluations during the year.
Responsible Procurement
- Standard evaluations based on commercial ethics, availability, quality of materials, experience, track record, price competitiveness, environmental policies and practices.
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather conditions impacting employees working outdoors.
Transition Risks
- Not disclosed
Opportunities
- Development of energy-efficient products and services.
Reporting Standards
Frameworks Used: GEM Listing Rules Appendix 20 Environmental, Social and Governance Reporting Guide
Certifications: ISO 9001:2015
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Using rechargeable lithium battery packs instead of alkaline batteries.
Awards & Recognition
- Partner Employer Award 5 years
Reporting Period: 2023-04 to 2024-03
Environmental Metrics
Total Carbon Emissions:18.78 tCO2e/year
Scope 1 Emissions:0 tCO2e/year
Scope 2 Emissions:18.47 tCO2e/year
Scope 3 Emissions:0.32 tCO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:48,163 kWh/year
Water Consumption:Not disclosed
Waste Generated:0 tons/year
Carbon Intensity:Not disclosed
ESG Focus Areas
- Environmental protection
- Employee well-being
- Corporate governance
Environmental Achievements
- Reduced GHG emissions from 23.17 tonnes of CO2e to 18.78 tonnes of CO2e
- Phased out all diesel and gasoline vehicles from the fleet
- Implemented energy-saving measures such as LED lighting and energy-efficient air conditioning
Social Achievements
- Received the “Partner Employer Award 5 years” by The Hong Kong General Chamber of Small and Medium Business
- Provided internship opportunities to six students
- Maintained good labor relations with no major disputes
Governance Achievements
- Complied with the Corporate Governance Code (with some deviations)
- Established three committees: audit, remuneration, and nomination
- Implemented a whistleblowing policy and system
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Insufficient insurance coverage for all potential losses
- Decreased revenue (20% decrease compared to last year)
- Heightened geopolitical tensions and tightened financial conditions
Mitigation Strategies
- Implementing rigorous financial strategies to mitigate costs and risks
- Proactively improving positioning to navigate market complexities
- Regularly reviewing insurance policies
Supply Chain Management
Supplier Audits: All suppliers went through standard evaluations during the year.
Responsible Procurement
- Standard evaluations based on commercial ethics, availability, quality of materials, experience, track record, price competitiveness, environmental policies and practices
Climate-Related Risks & Opportunities
Physical Risks
- Increasingly extreme weather conditions
Transition Risks
- Not disclosed
Opportunities
- Development of sustainable energy solutions
Reporting Standards
Frameworks Used: GEM Listing Rules of The Stock Exchange of Hong Kong Limited
Certifications: ISO 9001:2015
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Partner Employer Award 5 years