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