Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Management
• Community Engagement
• Employee Management
• Operating Practices
• Corporate Governance

Environmental Achievements

• Obtained ISCC certification in 2021.
• Reduced energy intensity by 26% (from 0.0100 GJ/unit to 0.0074 GJ/unit).
• Reduced paper packaging material consumption by 14%.

Social Achievements

• Awarded the “3+ Year Award (Enterprise Group)” for Industry Cares by Federation of Hong Kong Industries.
• Awarded the “Anti-epidemic Contribution Enterprise” recognition.
• Participated in Job Shadowing Mentorship Scheme 2021.
• Organized Easter Mask Design Competition.
• Provided optical optometry services for Hong Kong office employees, families and friends at a charity cost.

Governance Achievements

• Zero tolerance for corruption; well-defined anti-corruption policies in place.
• Effective whistleblowing policy.
• Compliance with the Prevention of Bribery Ordinance in Hong Kong and the Criminal Law of the People’s Republic of China.

Climate Goals & Targets

Environmental Challenges

• Potential impact of climate change (extreme weather events).
• Maintaining smooth and stable relationships with suppliers.
• Ensuring employee safety and health.

Mitigation Strategies

• Established plans to reduce the effects of climate change and create knowledge of climate change resilience.
• Formulated a Climate Change Policy.
• Clearly defined criteria and procedures for supplier selection.
• Regular performance evaluation of suppliers.
• Occupational Health and Safety Committee in place.
• Regular safety training for employees.
• Regular inspections of production sites.

Supply Chain Management

Supplier Audits: 72% of suppliers assessed in 2021

Responsible Procurement

• Suppliers should follow the social responsibility standard SA8000.
• Larger suppliers are expected to designate a compliance officer.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (typhoons and floods)

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: HKEX ESG Reporting Guide

Certifications: ISO 14001:2015, ISO 9001:2015, ISCC

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• “3+ Year Award (Enterprise Group)” for Industry Cares
• “Anti-epidemic Contribution Enterprise”

Environmental Metrics

ESG Focus Areas

• Environmental Management
• Employee Management
• Community Engagement
• Operating Practices

Environmental Achievements

• Reduced water consumption by 18% compared to 2021.
• Reduced SOx emissions by 21.1% compared to 2021.
• Obtained ISCC certification.
• ISO 14001:2015 certified environmental management system in place.

Social Achievements

• Provided optical optometry services for Hong Kong office employees, families and friends.
• ISO 45001:2021 Occupational Health and Safety Management System certified.
• Organized community vaccinations and nucleic acid tests during COVID-19.
• Provided 159.5 training hours for male employees and 178 hours for female employees.

Governance Achievements

• Established a whistleblowing policy.
• Implemented well-defined anti-corruption policies.
• Complied with the Prevention of Bribery Ordinance in Hong Kong and the Criminal Law of the People’s Republic of China.
• ISO 27001:2013 information security management certification received.

Climate Goals & Targets

Environmental Challenges

• Potential impact of extreme weather events (typhoons and floods) on daily operations.
• Increase in packaging material use due to business recovery from the pandemic.

Mitigation Strategies

• Established plans to manage risks from climate change events.
• Regular review of Climate Change Policy.
• Efforts to reduce the use of packaging materials by opting for simpler packaging designs.

Supply Chain Management

Supplier Audits: Quarterly basis for suppliers with revenue over HKD 1 million

Responsible Procurement

• Suppliers should follow the social responsibility standard SA8000
• Green procurement practices (recycled papers, replaceable pens, recyclable laser printing cartridges, energy-efficient electrical appliances, environmentally friendly furniture).

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (typhoons and floods)

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: HKEX ESG Reporting Guide

Certifications: ISO 14001:2015, ISO 45001:2021, ISO 27001:2013, ISCC

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Emissions
• Use of Resources
• Environment and Natural Resources
• Climate Change
• Employment
• Health and Safety
• Training and Development
• Labour Standard
• Supply Chain Management
• Product Responsibility
• Anti-corruption
• Community Investment

Environmental Achievements

• Achieved a 5.03% reduction in the use of paper packaging materials.
• Significant drop of 41.3% in the volume of non-hazardous waste compared to last year despite production volume increase.
• No non-compliance on environmental emission against relevant regulations.

Social Achievements

• Organized Sports Day and exercising activities to promote healthy lifestyle and raise sense of belongings.
• Arranged Mid-Autumn Festival activities and provided a relaxing time for the employees.
• Offered optical optometry service to employees, their families, and friends.
• Zero work-related fatalities for three consecutive years.

Governance Achievements

• Strengthened relevant policies and training for employees to mitigate corruption risks.
• Joined the “ESG Pledge’ Scheme organised by The Chinese Manufacturers’ Association of Hong Kong and the Hong Kong Brand Development Council.
• Established a whistleblowing policy for reporting suspicious activities.

Climate Goals & Targets

Environmental Challenges

• Ongoing instability and unpredictability in the global economy due to inflationary pressures and geopolitical tensions.
• Tough and challenging business environment for the eyewear industry.

Mitigation Strategies

• Leveraging the regional network to mitigate risks and establish strategic partnerships along the supply chain.
• Maintaining close communication with customers.
• Implementing diverse operational strategies.

Supply Chain Management

Supplier Audits: Annual reviews of main suppliers (83% located in Mainland China)

Responsible Procurement

• Supplier code of conduct
• Green procurement policies (recycled paper, replaceable pens, recyclable laser printer cartridges, energy-efficient electrical appliances, eco-friendly furniture)

Climate-Related Risks & Opportunities

Physical Risks

• Flooding
• Severe weather conditions

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: HKEx ESG Reporting Guide

Certifications: ISO 14001, ISO 45001, ISO 9001:2015, ISO 27001:2013

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• “5+ year Award (Enterprise Group)” certificate of CSR Recognition Scheme Industry Cares 2023