Climate Change Data

Environmental Metrics

ESG Focus Areas

• Employment
• Health and Safety
• Development and Training
• Labor Standards
• Supply Chain Management
• Product Responsibility
• Anti-Corruption
• Community Investment

Environmental Achievements

• Reduced air emissions (NOx, SOx, PM) and greenhouse gas emissions (CO2, CH4, N2O) from company vehicles.
• Increased use of refillers for ink toners to minimize waste.
• Implemented waste separation and recycling programs.

Social Achievements

• Launched the "Burning Passion Tutoring Scheme" providing free tutoring services.
• Continued support for various charitable organizations.
• Established the "Beacon Uprising Fund" providing financial assistance to low-income families.
• Maintained a good relationship with employees, with no major disputes.

Governance Achievements

• Implemented a zero-tolerance policy against bribery, corruption, and other misconduct.
• Established internal controls and policies to prevent fraud and other misconducts.
• Provided anti-corruption training to all Directors.

Climate Goals & Targets

Environmental Challenges

• Decrease in population and number of secondary school students in Hong Kong.
• Changes in the HKDSE curriculum.
• COVID-19 pandemic impact on summer course enrollment.
• Rising popularity of alternative language proficiency tests.

Mitigation Strategies

• Business diversification through acquisitions and investments.
• Enhanced teaching team by recruiting high-caliber tutors and offering diverse learning modes.
• Incorporating live sessions, live broadcasts, and video contents to enrich students’ learning experience.
• Exploring ways to enhance the profitability of private supplementary secondary school education services in Hong Kong.
• Developing the international education market in mainland China and offering more HKDSE-related services.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Procurement from reputable manufacturers with focus on performance, reliability, durability, and energy efficiency; promotion of environmentally preferable products.

Climate-Related Risks & Opportunities

Physical Risks

• Adverse weather disrupting teaching activities.

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• "15 Year Plus Caring Company Logo"
• "Hong Kong Top Brand Mark Scheme"
• "Partner Employer Award"
• "The Most Outstanding Brand in Asia Award"
• "Social Capital Builder Awards"
• "Smiling Enterprise 5+ year Award"
• "Smiling Employer 5+ year Award"
• "Happiness-at-work 2023 Promoting Happiness Index"
• "Hong Kong Top Service Brands"

Environmental Metrics

Environmental Challenges

• COVID-19 pandemic impact on summer courses enrollment and revenue.
• Changes in the HKDSE curriculum affecting student enrollment in private supplementary secondary school education services.

Mitigation Strategies

• Business diversification strategy.
• Proactive marketing measures.
• Expansion of school services in mainland China and Hong Kong.
• Acquisition of a business specializing in post-HKDSE education services.
• Enhancing teaching team and offering diverse learning modes.
• Incorporating various learning methods (live sessions, live broadcasts, video contents, joint broadcast classes).
• Offering courses in English, Cantonese, and Putonghua.
• Acquisition of a subsidiary operating post-secondary programs.
• Strategic business combination through investment in an associate for overseas studies consultation.
• Development of education services to schools in Hong Kong and mainland China.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Employment Compliance
• Operational Compliance
• Service Quality
• Student Privacy Protection
• Prevention of Child Labour and Forced Labour
• Health and Safety
• Anti-corruption

Environmental Achievements

• Reduced air pollutant emissions (nitrogen oxides, sulphur oxides, suspended particulates) by achieving targets set for a 20% reduction over five years (2019-2024).
• Reduced greenhouse gas emissions by achieving targets set for a 20% reduction over five years (2019-2024).
• Reduced waste (both hazardous and non-hazardous) by making progress towards a 20% reduction target over five years (2019-2024).
• Completely eliminated the use of plastic packaging materials.

Social Achievements

• Awarded ‘15+ Caring Company of the Year 2023/24’ for fifteen consecutive years.
• Awarded ‘Hong Kong Top Service Brands’ for nine consecutive years.
• Awarded ‘Partner Employer Award 2023’ for contribution in offering and supporting employment opportunities to students.
• Implemented a Child Safeguarding Policy in collaboration with Plan International Hong Kong.
• Launched the ‘Beacon Uprising Fund’ to support low-income students.
• Maintained a zero-tolerance policy towards child labour and forced labour.
• Provided various training sessions and seminars for employees, including team building, curriculum updates, and AI training.
• No work-related injuries, fatalities, or major casualties in the past three years.

Governance Achievements

• Adopted the Model Code for Securities Transactions.
• Established an ESG Committee.
• Implemented a robust anti-corruption policy and whistleblowing policy.
• No material non-compliance with anti-corruption laws and regulations.

Climate Goals & Targets

Environmental Challenges

• Limited growth potential in Hong Kong's supplementary education services due to declining birth rates and changes in university admission requirements.
• Economic challenges in Hong Kong.
• Potential negative publicity impacting brand reputation.
• Climate-related risks (transitional risks from extreme weather leading to class suspensions).

Mitigation Strategies

• Diversification of business into school services and mainland China market.
• Cultivating new caliber tutors.
• Investing in education technology (online learning platforms, virtual classrooms).
• Robust risk management mechanisms to monitor and assess the impact of transition risks.
• Adapting strategies to environmental and market changes.

Supply Chain Management

Supplier Audits: 60/year

Responsible Procurement

• Rigorous supplier assessment based on product quality, reliability, durability, and energy efficiency.
• Environmentally friendly sourcing, selecting sustainable products with green labels or certifications.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather (flooding, heavy rainstorms)

Transition Risks

• Class suspensions due to extreme weather

Opportunities

• Development of energy-efficient products and services; integration of new technologies (online learning platforms, virtual classrooms).

Reporting Standards

Frameworks Used: ESG Reporting Guide under Appendix C2 to the Listing Rules

Awards & Recognition

• 15 Year Plus Caring Company Logo
• Smiling Enterprise 5 years+
• Smiling Employer 5 years+
• 15+ Caring Company of the Year 2023/24
• Hong Kong Top Service Brands
• Partner Employer Award 2023