Climate Change Data

Environmental Metrics

ESG Focus Areas

• Product Safety and Quality
• Supply Chain Management
• Health and Safety of Staff
• Prevention of Child and Forced Labor
• Diversity and Elimination of Discrimination
• Air Emission Management
• Greenhouse Gas Emissions
• Resource Efficiency and Recycling
• Response to Climate Change
• Management and Prevention of Harmful Chemical Pollution
• Labor Practices and Management System
• Management of Water Usage and Efficiency

Environmental Achievements

• Reduced greenhouse gas emissions (Scope 1 and 2) to 12,174.36 tCO2e in 2022.

Social Achievements

• Maintained a workforce of 1,155 employees in 2022.
• Provided competitive remuneration packages and benefits to employees.
• Implemented a comprehensive staff training program.
• Reported zero work-related fatalities in 2020, 2021, and 2022.

Governance Achievements

• Established an ESG governance framework overseen by the Board.
• Created a Safety and Hygiene committee to monitor ESG matters.
• Complied with relevant laws and regulations, reporting no significant non-compliance.

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to the Russia-Ukraine war and high raw material prices.
• Shortage of motorcycle chips and related components.
• Intense competition in the motorbike industry.
• Climate-related risks such as extreme weather and tightening emission standards.

Mitigation Strategies

• Quick coordination with suppliers and flexible production order deployment.
• Introduction of new motorbike models in fashionable colors to meet consumer needs.
• Expansion of sales channels and improved service quality.
• Exploration of new markets in Greece, Dubai, and Colombia.
• Implementation of energy saving and water saving programs.
• Development of contingency plans for extreme weather events.
• Compliance with Euro III emission standards and plans to address country-specific regulations.

Supply Chain Management

Supplier Audits: Regular on-site audits conducted on quality, technology, labor safety and hygiene, and environmental protection.

Responsible Procurement

• Global procurement to identify high-quality suppliers at competitive prices.
• Local procurement whenever possible.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (typhoons, floods, storms) impacting maintenance costs and employee safety.

Transition Risks

• Tightening air pollution emission standards in Vietnam.
• Stricter labor-related laws and regulations.
• Potential restrictions on vehicles in major cities.

Opportunities

• Development of energy-efficient products and electric motorbikes.

Reporting Standards

Frameworks Used: Appendix 27 to the Rules Governing the Listing of Securities (Hong Kong)

Certifications: ISO 9001, ISO 14001

Sustainable Products & Innovation

• Electric motorbikes.