Climate Change Data

Environmental Metrics

ESG Focus Areas

• Resource consumption
• Occupational health and safety
• Employee development

Environmental Achievements

• Reduced exhaust gas emissions (SOx, NOx, PM) compared to 2019, although the reduction is minimal.
• Implemented measures to reduce GHG emissions (Scope 1, 2, and 3), including selecting environmentally-friendly vehicles, adopting energy and water-saving measures, and promoting paper-saving measures.

Social Achievements

• Reduced employee turnover rate from 6.17% in 2019 to 3.78% in 2020.
• Provided regular training to employees (average 3 hours per employee in 2020 and 2019).
• Implemented safety policies and procedures, resulting in no work-related fatalities or lost days due to work injury in 2020.
• Implemented COVID-19 safety measures to protect staff.

Governance Achievements

• Established and implemented an employee handbook covering various HR policies.
• Established and operated a material procurement management system and a supplier management system.
• Implemented an effective whistle-blowing policy to minimize misconduct.

Climate Goals & Targets

Environmental Challenges

• Exhaust gas emissions from vehicle exhaust gas.
• GHG emissions from petrol and diesel consumption, purchased electricity, and paper disposal.
• Non-hazardous waste disposal (carton boxes and paper).

Mitigation Strategies

• Selecting environmentally-friendly vehicles, scrapping old vehicles, regular exhaust gas examinations, monitoring high-emission vehicles.
• Reducing vehicle emissions, energy and water saving measures, paper-saving measures.
• Promoting recycling, using recycled paper, electronic communication, and efficient use of carton boxes.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Price rationing and sentinel procurement; supplier screening and evaluation based on quality and price.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GEM Listing Rules Appendix 20

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 Protection
• Employment and Labour Practices
• Operating Practices
• Community Investments

Environmental Achievements

• Reduced Scope 1 GHG Emission to 960,460 kg
• Reduced Scope 2 GHG Emission to 661,405 kg
• Reduced water consumption to 5,386 m3
• Zero Fatalities in workplace accidents

Social Achievements

• Implemented stringent anti-epidemic measures and enhanced workplace hygiene standards in response to COVID-19
• Maintained productivity during the pandemic by arranging remote working for employees
• Provided free nucleic acid testing for all employees
• Organized 228 hours of development and training for employees (average 1.21 hours per employee)

Governance Achievements

• Established an ESG Working Group to review and monitor ESG policies and performance
• Developed a whistle-blowing policy and procedures
• Implemented anti-corruption training for employees (50 training hours)

Climate Goals & Targets

Environmental Challenges

• Widespread disruption of worldwide business logistic management due to the COVID-19 pandemic
• Accelerated climate change leading to extreme weather events
• Stringent laws and regulations in relation to climate change and environmental protection
• Change in customer preferences and behaviours for green products and services

Mitigation Strategies

• Strengthened logistic management
• Reduced carbon footprint and refreshed long-term goals
• Implemented natural disaster emergency plan
• Strengthened development of green products and new designs
• Implemented energy saving measures (fleet management, facilities efficiencies, control of paper consumption)
• Implemented waste reduction initiatives (4-R Principles)

Supply Chain Management

Responsible Procurement

• Vendor and supplier selection mechanism based on compliance with laws and regulations related to safety, environment, forced labor, and child labor

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (typhoons, wildfire, rain, flooding)

Transition Risks

• Stringent laws and regulations
• Change in customer preferences

Opportunities

• Introduction of new technology to boost product competitiveness
• Exploring new environmental technologies
• Optimization of energy and resources consumption

Reporting Standards

Frameworks Used: HKEX ESG Reporting Guide

Awards & Recognition

• Caring Company by the Hong Kong Council of Social Service

Environmental Metrics

ESG Focus Areas

• Climate Change
• People's Health and Safety
• Governance Framework
• Innovation
• Community Engagement
• Supply Chain Management
• Data Security
• Business Ethics
• Waste Management
• Resource Efficiency

Environmental Achievements

• Complied with environmental protection laws and regulations.
• Progressively replaced T8 fluorescent light tubes with LED lamps.
• Implemented energy-efficient practices in warehouse and office operations.
• Reduced paper consumption through digitalization.
• Handled hazardous waste properly through qualified contractors.
• Recycled electronic waste.
• Conserved water in daily operations.

Social Achievements

• Adopted anti-pandemic procedures to ensure employee safety and well-being.
• Maintained a safe and healthy workplace.
• Organized 77 hours of employee development and training.
• Offered competitive wages, medical insurance, and other benefits.
• Complied with Hong Kong labor laws and regulations.
• Established a whistle-blowing policy.
• Implemented anti-corruption training (65 hours).

Governance Achievements

• Established an ESG Working Group.
• Embedded ESG factors into risk management.
• Complied with anti-corruption laws and regulations.
• Implemented anti-money laundering policies and procedures.
• Maintained data privacy policies in compliance with the Personal Data (Privacy) Ordinance.

Climate Goals & Targets

Environmental Challenges

• Climate change impacts on the global supply chain (physical and transition risks).
• Cybersecurity threats.
• Maintaining a resilient and reliable supply chain network.

Mitigation Strategies

• Established an ESG Working Group to address climate-related risks and opportunities.
• Embedded ESG factors into risk management processes.
• Appointed cybersecurity specialists.
• Enhanced security systems.
• Regularly reviewed and monitored internal control systems and risk management processes.
• Developed a vendor and supplier selection mechanism based on compliance with laws and regulations.

Supply Chain Management

Responsible Procurement

• Vendor and supplier selection mechanism based on compliance with laws and regulations.
• Products and services with environmentally friendly and socially responsible features given higher technical score.

Climate-Related Risks & Opportunities

Physical Risks

• Flooding
• Typhoons
• Wildfire
• Rising temperatures
• Rising sea levels

Transition Risks

• Market and customer changes
• National policies for low-carbon transition
• Technology and data
• Regulatory pressure
• Reputational risk

Opportunities

• Greening transport modes
• De-carbonizing logistics operations
• Exploring new environmental technologies

Reporting Standards

Frameworks Used: GRI Standards, SASB, TCFD

Awards & Recognition

• Caring Company (HKCSS)

Environmental Metrics

ESG Focus Areas

• Climate Change
• People's Health and Safety
• Governance
• Innovation
• Community Engagement

Environmental Achievements

• Complied with environmental protection laws and regulations related to air and GHG emissions, discharge into water and land, and generation of hazardous and non-hazardous waste. No violations or significant fines.
• Progressively replaced T8 fluorescent light tubes with LED lamps to reduce energy consumption.
• Implemented measures to reduce paper consumption through digitalization and other initiatives.
• Reduced GHG emissions from 1,573,637 kg CO2e in 2022 to 1,120,303 kg CO2e in 2023.

Social Achievements

• Zero work-related fatalities.
• Only 3 lost days due to injury at work.
• Organized 152 hours of employee training.
• Maintained a family-friendly work environment.
• No non-compliance cases related to labor laws and regulations.

Governance Achievements

• Established an ESG Working Group to oversee ESG policies and performance.
• Implemented anti-corruption policies and training (65 training hours).
• Established whistle-blowing policy and procedures.
• Complied with anti-money laundering laws and regulations.
• No legal cases regarding corruption practices.

Climate Goals & Targets

Environmental Challenges

• Climate change impacts on the global supply chain (physical and transition risks).
• Cybersecurity threats.
• Maintaining a robust business performance and growth amidst challenges like the COVID-19 pandemic.

Mitigation Strategies

• Established an ESG Working Group to address climate-related risks and opportunities.
• Implemented strategies to mitigate physical and transition risks associated with climate change.
• Appointed cybersecurity specialists and enhanced security systems.
• Adopted anti-pandemic procedures and precautionary measures to ensure employee safety and well-being.

Supply Chain Management

Responsible Procurement

• Vendor and supplier selection mechanism based on compliance with laws and regulations related to safety, environment, forced labor, and child labor.
• Regular assessments of suppliers covering professional qualification, service/product quality, financial status, integrity, and social responsibility.

Climate-Related Risks & Opportunities

Physical Risks

• Flooding, drought, typhoons, wildfires, rising temperatures, rising sea levels

Transition Risks

• Market shifts, policy changes, regulatory pressure, technological changes

Opportunities

• Development of energy-efficient products and services, greening of transport modes

Reporting Standards

Frameworks Used: GRI Standards, SASB, TCFD

Awards & Recognition

• Caring Company (HKCSS)