Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced Towngas consumption by 5.87%
• Reduced electricity consumption by 3.61%
• Increased paper recycling by 47.37%

Social Achievements

• Organized "Star of the Quarter" event to appreciate employee contributions
• Donated 966 kg of food to Foodlink Foundation

Governance Achievements

• Established an ESG Committee
• Complied with relevant Hong Kong regulations and ordinances

Climate Goals & Targets

Environmental Challenges

• Difficulty in recruiting and retaining hotel staff
• High electricity and Towngas consumption

Mitigation Strategies

• Regularly review and adjust air conditioning and boiler temperatures based on weather reports
• Installing and switching to energy-saving lighting fixtures and sourcing energy-efficient equipment
• Actively promoting water-efficient practices
• Exploring further engagement programs to encourage energy efficiency and waste reduction

Supply Chain Management

Responsible Procurement

• Strict process for securing suppliers, review of quotations by management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ESG Reporting Guide (Appendix 27 of the Listing Rules and Guidance set out by The Stock Exchange of Hong Kong Limited)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced GHG emissions from 10,528.04 tonnes CO2-e in 2019 to 8,492.12 tonnes CO2-e in 2020. This reduction is attributed to reduced hotel visitors due to the COVID-19 pandemic.
• Decreased Towngas consumption by 18.14% due to reduced hotel visitors.
• Decreased electricity consumption by 5.62% due to reduced hotel visitors.
• Decreased water consumption by 15.98% due to reduced hotel operations.
• Decreased general waste by 12.52% due to reduced hotel operations.
• Increased waste paper collected for recycling by 65.79%.

Social Achievements

• Organized a "Star of the Quarter" event for employees with cash prizes.
• Regularly reviewed employee health and safety procedures.
• Complied with the Hong Kong Employment Ordinance.
• Provided various employee benefits including year-end bonus, mandatory provident fund, medical insurance, and paid leave.
• Food donation to Foodlink Foundation (though significantly reduced compared to the previous year).

Governance Achievements

• Complied with relevant policies, regulations, and guidelines applicable to its operations.
• Implemented a comprehensive data protection policy to comply with the Personal Data (Privacy) Ordinance.
• Committed to managing all business without undue influence and adhered to policies to prevent bribery, extortion, fraud, and money laundering.

Climate Goals & Targets

Environmental Challenges

• Recruitment and staff retention challenges.
• Control over hotel guests' electricity and Towngas usage.
• COVID-19 pandemic significantly impacted hotel operations and resource consumption.

Mitigation Strategies

• Exploring energy-saving measures in hotel rooms and using energy-saving light bulbs in public areas.
• Adjusting boiler and chiller temperatures based on weather reports.
• Actively promoting water-efficient practices (e.g., linen and towel changes upon request).
• Using biodegradable materials for packaging.
• Implementing paper-saving initiatives.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Strict process for securing suppliers; review of quotations by management.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: ESG Reporting Guide (Appendix 27 of the Listing Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited)

Certifications: Null

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

• Environmental
• Social
• Governance

Environmental Achievements

• Participated in the “Mid-Autumn Festival Mooncake Box Collection Program” and the “Lunar New Year Red Packet Reuse and Recycle Program”, participated in the “No Air Con Night” Program
• Implemented energy-saving measures such as turning off air conditioners and lights when not in use, centralizing office supply orders to reduce transportation emissions, and using unleaded gasoline.

Social Achievements

• Organized “Star of the Quarter” event to reward employees
• Provided on-job training to 159 employees

Governance Achievements

• Established an ESG working Committee and Whistleblowing Policy
• Provided anti-corruption training to directors and senior management

Climate Goals & Targets

Environmental Challenges

• Increased energy and water demand due to hotels serving as Community Isolation Facilities (CIFs)
• Increased general waste intensity due to increased resource consumption for epidemic prevention measures

Mitigation Strategies

• Implemented energy conservation measures (switching to energy-saving lighting, sourcing energy-efficient equipment, adjusting chiller and boiler temperatures)
• Actively adopted measures for environmental protection, energy conservation, and water-saving
• Implemented water-efficient practices (linen and towel changes upon request)

Supply Chain Management

Supplier Audits: 335 major suppliers subject to regular evaluation and monitoring

Responsible Procurement

• Prioritizing suppliers with sound environmental management systems, considering environmental and social factors in supplier selection

Climate-Related Risks & Opportunities

Physical Risks

• Typhoons
• Flooding

Transition Risks

• More stringent regulations related to climate change

Reporting Standards

Frameworks Used: ESG Reporting Guide (Appendix 27 of the Rules governing the Listing of Securities on The Stock Exchange of Hong Kong Limited)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Total Group’s GHG emission intensity decreased by approximately 19.05 % from approximately 0.021 tCO2e/room night in 2022 to approximately 0.017 tCO2e/room night in 2023.
• Participated in the “Mid-Autumn Festival Mooncake Box Collection Program” and the “Lunar New Year Red Packet Reuse and Recycle Program” organized by Greeners Action
• Participated in the “No Air Con Night” Program organized by Green Sense
• Water conservation signs have been displayed in washrooms of the Hotels and headquarter to remind customers and employees of saving water

Social Achievements

• Provided at least 1 environmental training to the employees to improve their awareness on climate change/low-carbon lifestyle
• Organized an event named “Star of the Quarter” for employees in which each hotel votes for the best employee based on his/her performance every quarter.
• 389 employees were trained during the Reporting Period.

Governance Achievements

• Established an ESG working Committee
• Established guidelines for governing the management and disposal of hazardous wastes
• Adopted a Whistleblowing Policy

Climate Goals & Targets

Environmental Challenges

• Increased frequency and severity of extreme weather events leading to reduction in revenue due to closure of operating sites, loss of assets, and decreased tourism.
• More stringent laws and regulations related to climate change increasing operating expenses.

Mitigation Strategies

• Constantly monitor the weather, formulate contingency plans for emergencies, establish communication platforms to disseminate information about the weather forecast and status of the operating sites, insurance for extreme weather conditions.
• Monitor changes in regulatory trends, take environmental protection measures, seek compliance consulting services, reduce GHG emissions.

Supply Chain Management

Supplier Audits: 369 major suppliers subject to regular evaluation and monitoring

Responsible Procurement

• Prioritizing suppliers with sound environmental management systems, considering environmental and social factors in supplier selection

Climate-Related Risks & Opportunities

Physical Risks

• Increased frequency and severity of extreme weather events

Transition Risks

• More stringent laws and regulations related to climate change

Reporting Standards

Frameworks Used: ESG Reporting Guide (Appendix C2 of the Rules governing the Listing of Securities on The Stock Exchange of Hong Kong Limited)