Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate change
• Energy consumption
• Waste management
• Community investment
• Supply chain management
• Customer satisfaction
• Occupational health and safety
• Anti-corruption

Environmental Achievements

• Switched from gasoline private cars to more environmentally friendly electric vehicles, resulting in no GHG emissions from Scope 1 in 2022.
• Reduced total water consumption by 75.32% and intensity of water consumption by 69.55% compared to 2021.
• Maintained a stable level of electricity usage despite a 23.67% increase in electricity consumption.

Social Achievements

• Donated 66,850 Covid-19 Antigen Rapid Test Kits to Hong Kong charities and schools.
• Implemented various measures to ensure employee health and safety, including flexible working hours and work-from-home arrangements.
• Maintained a relatively low employee turnover rate of 28% in 2022 (compared to 81% in 2021).

Governance Achievements

• Established anti-corruption policy and whistleblowing policy.
• Regularly organizes anti-corruption training for directors and employees (although suspended in 2022 due to COVID-19).

Climate Goals & Targets

Environmental Challenges

• Disruption in the supply chain due to tightened pandemic control policies in the PRC.
• Highly competitive high technology business environment in China.

Mitigation Strategies

• Developing more innovative technology products and applications.
• Pursuing huge market opportunities and diversifying its high technology business portfolio.
• Actively assessing and reacting to the impact of COVID-19 on the Group’s financial position and operating results.
• Implementing stringent cost controls to improve working capital and cash flow.
• Equity fund raising and negotiating with bankers to obtain long-term banking facilities.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Compliance with laws and regulations
• Past experience in product or services
• Products and services quality
• Current market price
• Environmental compliance record
• Commitment to social responsibility

Climate-Related Risks & Opportunities

Physical Risks

• Typhoons, tsunamis, thunderstorms, reduced precipitations, increase in average temperature, rise in sea level

Transition Risks

• New regulatory changes
• Market shifts

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Intelligent industrial welding robots and equipment
• Artificial intelligence products and application solutions

Awards & Recognition

• Not disclosed