Climate Change Data

Environmental Metrics

ESG Focus Areas

• Energy saving
• Greenhouse gas emissions reduction
• Environmental sustainability
• Climate change
• Product and service quality
• Workplace health and safety
• Employment and labour practice
• Supply chain management

Environmental Achievements

• Replacing low efficiency electrical appliances in outlets
• Implementing the “4R” principle (Reuse, Reduce, Recycle and Replace) to minimize waste generation
• Reducing electricity consumption due to shop closures

Social Achievements

• Adopting a fair recruitment and promotion policy
• Providing competitive remuneration and comprehensive fringe benefits to employees
• Establishing a reward scheme to motivate employees
• Offering marriage leave, maternity leave and paternity leave

Governance Achievements

• Establishing a whistleblowing system for employees to report suspicious cases
• Complying with all laws and regulations related to customer privacy

Climate Goals & Targets

Environmental Challenges

• More frequent floods and hurricanes exposing shops and offices to power outages or failures
• Severe competition in the fertilizers trading business

Mitigation Strategies

• Continuously reviewing and monitoring the implementation of various measures to cope with climate change
• Maintaining its market share and industry position by being aware of the impact of climate change on market demands
• Integrating sustainability concept into its operation

Supply Chain Management

Supplier Audits: A comprehensive assessment is in place to evaluate potential and existing suppliers

Responsible Procurement

• High standard for all suppliers to assure the quality of watches; Assessment of suppliers by product quality, punctuality, price and corporate social responsibility performance

Climate-Related Risks & Opportunities

Physical Risks

• More frequent floods and hurricanes causing power outages or failures

Transition Risks

• Severe competition in the fertilizers trading business; Impact of climate change on market demands

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Appendix 27 — Environmental, Social and Governance Reporting Guide issued by The Stock Exchange of Hong Kong Limited

Certifications: Null

Third-party Assurance: Allied Environmental Consultants Limited

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Energy saving
• Product and service quality
• Greenhouse gas emissions reduction
• Workplace health and safety
• Environmental sustainability
• Employment and labour practice
• Climate change
• Supply chain management

Environmental Achievements

• Replaced low efficiency electrical appliances in outlets; monitored energy consumption data to identify improvement areas; set up energy conservation and emission reduction targets; maintained or reduced energy consumption in retail shops/offices; continued energy management across entities to prevent unnecessary energy usage; implemented the “4R” principle (Reuse, Reduce, Recycle and Replace) to minimize waste generation.

Social Achievements

• No material or significant dispute between the Group and its key stakeholders; implemented practical measures to prevent child and/or forced labour; provided competitive remuneration and comprehensive fringe benefits to its employees; established a reward scheme to motivate employees; offered marriage leave, maternity leave and paternity leave; established communication channels for employees to voice concerns; conducted regular inspections of outlets and facilities to manage occupational risks and increase employees’ awareness of health and safety issues; no work injuries and fatalities during the Reporting Year; donated HKD3,000 to Tung Wah Group of Hospitals.

Governance Achievements

• Established a code of conduct prohibiting employees from giving or accepting illegal advantages; established anti-corruption policy; designated staff responsible for investigating corruption and bribery; reported any violations or crimes to relevant authorities; complied with all laws and regulations related to customer privacy.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacted employee training; potential disruption to business operations due to climate change (physical risks: floods, hurricanes, power outages; transition risks: regulatory changes, compliance costs); severe competition in the fertiliser trading business.

Mitigation Strategies

• Will reorganize various training in the next reporting year; continuously reviewing and monitoring the implementation of various measures to cope with climate change; optimising measures according to their effectiveness; taking various effective and appropriate measures with regard to the Group’s operational status; maintaining market share and industry position by being aware of the impact of climate change on market demands; integrating sustainability concept into its operation.

Supply Chain Management

Supplier Audits: Comprehensive assessment in place to evaluate potential and existing suppliers; assessed by product quality, price and corporate social responsibility performance.

Responsible Procurement

• High standard for suppliers to assure the quality of watches; visits local exhibitions to engage potential suppliers and share the latest market trends.

Climate-Related Risks & Opportunities

Physical Risks

• More frequent floods and hurricanes will expose our offices to more power outages or failures to increase operating costs; potential disruption to the supply chain.

Transition Risks

• Enhancement of emissions reporting obligations may increase operating costs such as higher compliance costs.

Opportunities

• Grasp opportunities to integrate sustainability concept into its operation.

Reporting Standards

Frameworks Used: Appendix 27 — Environmental, Social and Governance Reporting Guide issued by The Stock Exchange of Hong Kong Limited

Certifications: Null

Third-party Assurance: Allied Environmental Consultants Limited

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Energy saving
• Greenhouse gas emissions reduction
• Environmental sustainability
• Product and service quality
• Workplace health and safety
• Employment and labour practice
• Supply chain management
• Climate change

Environmental Achievements

• Replacing low efficiency electrical energy appliances in manufacturing facilities
• Implementing the “4R” principle (Reuse, Reduce, Recycle and Replace) to minimise waste generation

Social Achievements

• Providing competitive remuneration and comprehensive fringe benefits to employees
• Establishing a reward scheme to motivate employees
• Offering marriage leave, maternity leave and paternity leave to employees

Governance Achievements

• Establishing a code of conduct in the Staff Handbook to prevent corruption
• Establishing an anti-corruption policy

Climate Goals & Targets

Environmental Challenges

• Potential disruption to business operations due to climate change (physical risks: floods, hurricanes; transition risks: stricter regulations, increased compliance costs)
• Potential supply chain disruptions due to climate events

Mitigation Strategies

• Actively responding to potential impacts of climate change
• Prioritising effective measures to address transition risks
• Implementing a series of green measures to reduce GHG emissions and energy consumption
• Continuously monitoring energy consumption data to identify improvement areas
• Setting energy conservation and emission reduction targets

Supply Chain Management

Supplier Audits: 44 suppliers in China, 2 other suppliers

Responsible Procurement

• Comprehensive assessment of potential and existing suppliers based on product quality, price and corporate social responsibility performance

Climate-Related Risks & Opportunities

Physical Risks

• More frequent floods and hurricanes leading to higher operating costs and supply chain disruptions

Transition Risks

• Stricter regulatory enforcement and increased compliance costs

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Appendix C2 — Environmental, Social and Governance Reporting Guide issued by The Stock Exchange of Hong Kong Limited

Certifications: Null

Third-party Assurance: Allied Environmental Consultants Limited

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed