Climate Change Data

YuanShengTai Dairy Farm Limited

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:425,399 tCO2e/year
Scope 1 Emissions:31,754 tCO2e/year
Scope 2 Emissions:69 tCO2e/year
Scope 3 Emissions:393,576 tCO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:111,529 MWh/year
Water Consumption:2,089,224 tonnes/year
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Employee welfare
  • Environmental compliance
  • Greenhouse gas emissions
  • Supply chain management
  • Product quality
  • Occupational health and safety
  • Labour standard

Environmental Achievements

  • Total energy consumed decreased from 116,755 MWh in 2022 to 111,529 MWh in 2023; corresponding GHG emission decreased from 33,953 tCO2 in 2022 to 31,823 tCO2 in 2023
  • GHG emission from energy consumed per cow milk produced slightly decreased from 0.08 tCO2 per tonne in 2022 to 0.07 tCO2 per tonne in 2023

Social Achievements

  • Strengthened daily prevention and control and emergency response capabilities in response to COVID-19
  • Offered hazard identification training to all employees to determine potential health risks and apply preventive measures
  • Provided free meal and accommodation, annual leave and medical coverage to employees

Governance Achievements

  • Established an ESG working group with clear terms of reference
  • Adopted a board diversity policy
  • Formulated a whistleblowing policy and a bribery and corruption policy

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Weak growth of demand and oversupply of raw milk resulting in downward price fluctuations
  • Decrease in demand from downstream dairy companies and end-users
  • Oversupply of raw milk leading to continuous decline in the price of raw milk
  • Sluggish animal husbandry and underperformance of raw goat milk industry
Mitigation Strategies
  • Achieving better economies of scale by adjusting the size of the herd and improving breeding and production technology
  • Standardizing raw milk production and implementing rigorous quality supervision
  • Continuous monitoring on the foreign exchange exposure
  • Continuous strengthening technological innovation, research and development, leveraging on its strengths and resources to enhance operational performance and optimize its industrial structure
  • Actively seeking out high-quality farms and expanding the herd size

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Strict review mechanism for choosing feed suppliers; surprise inspection tours to supplier workshops; sampling inspections of feeds

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather conditions
Transition Risks
  • Regulatory changes
Opportunities
  • Not disclosed

Reporting Standards

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

Certifications: Null

Third-party Assurance: Ernst & Young Certified Public Accountants

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed