Climate Change Data

MINISO Group Holding Limited

Climate Impact & Sustainability Data (2023-07 to 2023-12)

Reporting Period: 2023-07 to 2023-12

Environmental Metrics

Total Carbon Emissions:2,992.60 tonnes of CO2
Scope 1 Emissions:232.77 tonnes of CO2
Scope 2 Emissions:2,759.83 tonnes of CO2
Total Energy Consumption:6,660,874.38 KWh
Water Consumption:18,618.73 cubic meters
Waste Generated:123.37 tonnes (non-hazardous)
Carbon Intensity:0.3921 tonnes of CO2/per million RMB of revenue

ESG Focus Areas

  • Compliance Governance
  • Green Development
  • Product Responsibility
  • Supply Chain Management
  • Community Investment

Environmental Achievements

  • Achieved the result of replacing disposable plastics with paper in 34 SKU products
  • The percentage of plastic bags in shopping bags used by MINISO brand and TOP TOY brand was less than 75%
  • A total of 22 Tritan plastic cup SKUs were developed. During the plastic cup development phase, the proportion of Tritan products has exceeded that of PC products
  • Reduced electricity consumption intensity in the office area by 43.9% compared to the baseline year.
  • All directly-operated stores replaced lighting with high-efficiency LED energy-saving fixtures, reducing fixture density.

Social Achievements

  • Employee structure is diversified, with female employees at middle management level and above accounting for 52.8%, increased by 0.7% compared to the last reporting period; and employees in overseas countries and regions accounted for 52.2%, increased by 6.4% compared to the last reporting period
  • Conducted a total of 293 trainings on integrity, compliance and anti-corruption for all domestic and overseas employees, contractors, and staff in stores, with a total of 13,541 attendees
  • Launched the "Penpen 2 PENPEN" charity program to bring warmth to children in distress.
  • Launched the "Happy Reading for Children's Dreams" campus charity program and established two "Yitong Reading Rooms"
  • Established the "MINISO Pet Protection Foundation" with a RMB 10 million donation.

Governance Achievements

  • Established anti-corruption requirements for Directors and employees, suppliers, contractors, and other partners
  • Formulated the Executive Compensation Clawback Policy
  • Majority of Board members were independent non-executive Directors

Climate Goals & Targets

Long-term Goals:
  • 100% compliant recycling rate for hazardous waste and 100% standard-compliant wastewater discharge.
Short-term Goals:
  • Maintain CO2 emissions intensity at 2022 fiscal year levels.
  • Keep annual water loss rate below 1%.

Environmental Challenges

  • Climate change related risks: floods, tropical cyclones, extreme temperatures impacting supply chain, operations, and sales.
  • Market risks related to consumer demand for sustainable products.
Mitigation Strategies
  • Established multiple warehouses and distribution centers to diversify risks.
  • Retrofitted existing warehouses with flood prevention measures.
  • Optimized energy usage and improved energy efficiency.
  • Implemented stricter inventory management for temperature-sensitive products.
  • Continuously attentive to consumer demand for green, low-carbon products through product innovation.

Supply Chain Management

Supplier Audits: 233 A-level suppliers audited (including ESG dimensions), 42 suppliers audited by MINISO and IP licensors.

Responsible Procurement
  • Supplier Code of Conduct
  • Factory Inspection Guideline
  • Supplier Performance Evaluation

Climate-Related Risks & Opportunities

Physical Risks
  • Floods
  • Tropical cyclones
  • Extreme heat and low temperatures
Transition Risks
  • Policy and regulation risks
  • Market risks
Opportunities
  • Development of energy-efficient products
  • Meeting consumer demand for sustainable products

Reporting Standards

Frameworks Used: Appendix C2, Environmental, Social and Governance Reporting Guide of the HKEX

Certifications: ISO 27001, ISO 27701

UN Sustainable Development Goals

  • Goal 1
  • Goal 2
  • Goal 3
  • Goal 4
  • Goal 5
  • Goal 6
  • Goal 7
  • Goal 8
  • Goal 12
  • Goal 13
  • Goal 14
  • Goal 15
  • Goal 17

The report details how MINISO's initiatives contribute to these goals.

Sustainable Products & Innovation

  • ECO-friendly plush toys made from recycled PET bottles
  • Tritan plastic cups

Awards & Recognition

  • "A" rating in MSCI ESG Ratings
  • "AA" rating in Wind ESG Ratings