Climate Change Data

Precious Dragon Technology Holdings Limited

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:1,612.74 tonnes of CO2e/year
Scope 1 Emissions:425.69 tonnes of CO2e/year
Scope 2 Emissions:1,187.05 tonnes of CO2e/year
Total Energy Consumption:3,445,094.84 kWh/year
Water Consumption:80,657 tonnes/year
Waste Generated:333.97 tonnes/year

ESG Focus Areas

  • Raw Material Consumption
  • Environment and Natural Resources
  • Employment Measures
  • Diversity and Equal Opportunities
  • Anti-discrimination
  • Occupational Health and Safety
  • Development and Training
  • Child Labor and Forced Labor
  • Customer Data and Privacy Protection
  • Anti-corruption
  • Community Investment

Environmental Achievements

  • Energy consumption decreased by approximately 0.32% from 2022.
  • Commenced the ‘Wasteless Factory’ initiative in November 2023.
  • Established an environmental management system for the production of aerosol and non-aerosol products in compliance with ISO 14001 and attained relevant certification.

Social Achievements

  • Provided a healthy and safe working environment; established a labour union; established policies and procedures according to local labour law; developed communication channel with management; developed a fair mechanism for promotion; cared for employees by helping those in need and organizing employee activities.
  • A total of 448 people of the Group participated in different types of trainings for a total of 11,437 hours.
  • Guangzhou Botny Chemical Co., Ltd., our subsidiary, was awarded Top 500 Enterprise of Guangdong Province Manufacturing Industry in 2023.

Governance Achievements

  • Adopted an amended Memorandum and Articles of Association to conform to the core standards for shareholder protections.

Climate Goals & Targets

Short-term Goals:
  • Maintain zero substantial non-compliance case in relation to the emission of exhaust gases, GHG and waste in coming five years.
  • Maintain zero substantial non-compliance case in relation to the consumption of water and energy in coming five years.

Environmental Challenges

  • Reduction of economic activities in PRC market.
  • Global economic slowdown.
  • Uncertainty in the global economic environment.
  • Increase in tension of supply chain caused by ongoing international conflicts.
  • The recovery of economic of PRC remain fragile.
  • The volatile fluctuation of RMB against USD.
  • Increasing competition from small-sized competitors.
Mitigation Strategies
  • Execution of effective sales strategies of OBM products.
  • Enhancement sales strategies on the high profit margin products.
  • Implemented appropriate departmental human resources allocation, definite division of roles and responsibilities and effective motivation and disciplinary mechanisms for the management.
  • Actively enhanced its innovation and competitiveness, maintained good relationship with the governments of various levels and implemented crisis communication mechanism.
  • Strengthened the accounting system control on its working capital, prepared the overall annual budget, launch the accountability system for budget implementation, budget appraisal system, sales management system, review, approval and oversight system for tax payment.
  • Determined its financing plans in connection with those from bankers, prepared monthly fund budget to spread the cash-flow risks.
  • Focused on the control and monitoring of dust, high temperature and chemical hazard, discharged sewage according to the total amount and concentration allowed under the pollutant discharge license, formulated the status-quo assessment on energy conservation and emission reduction as well as medium and long term planning, timely updated the staff handbook and implemented applicable labor laws and regulations, introduced advanced technologies and talents, solved the innovation problems through technological exchange and cooperation.
  • Strive to explore new customers and new sales channels, assess the suppliers regularly, inspect regularly and maintain the facilities of the information system and provide staff training.
  • Implemented the measures such as the contract review and approval procedure with the routine support of our permanent legal advisor, regular third-party audit to monitor compliance so as to mitigate the impact of such risks on the Group.
  • Broadening the international markets, implementing the e-commerce strategies, launching new series of products to meet market demands and enhancing the brand recognition.

Supply Chain Management

Supplier Audits: Annual review and random review

Responsible Procurement
  • Ensuring suppliers have obtained all requisite production licences.
  • Ensuring a supplier’s ability to supply a stable source of quality raw materials that meet our stringent standards, its quality management system and whether such system is appropriately accredited and confirm the specifications of the procured products.
  • Ensuring a supplier’s ability to supply raw materials at competitive prices.
  • Selecting suppliers who prioritize environmentally preferable products and services whenever possible.

Climate-Related Risks & Opportunities

Physical Risks
  • rising mean temperature
  • increasing severity and likelihood of extreme weather events such as typhoons and rainstorms

Reporting Standards

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

Certifications: ISO 14001, ISO 9001, ISO 22716 (E)

Sustainable Products & Innovation

  • Actively researching and developing environmentally friendly formulations, such as products with water-based formulations and low VOC formulations

Awards & Recognition

  • Top 500 Enterprise of Guangdong Province Manufacturing Industry (2023)