Climate Change Data

Pacific Legend Group Limited

Climate Impact & Sustainability Data (2021, 2022, 2023)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:466.00 tCO2e/year
Scope 1 Emissions:57.51 tCO2e/year
Scope 2 Emissions:408.49 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:728,540.00 kWh/year
Water Consumption:Not disclosed
Waste Generated:1.45 tons/year (disposed furniture) + 0.07 tons/year (copier paper)
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental protection
  • Social involvement
  • Stakeholder engagement
  • Sustainable development
  • Climate change

Environmental Achievements

  • Reduced GHG emissions from 563.67 tonnes of CO2e in 2020 to 466.00 tonnes of CO2e in 2021.
  • Reduced disposed furniture from 1.71 tonnes in 2020 to 1.45 tonnes in 2021.
  • Reduced copier paper consumption.

Social Achievements

  • Maintained a diversified and inclusive working environment.
  • Implemented various in-house training courses and competitive remuneration packages.
  • Organized various group activities to enhance team cohesion.

Governance Achievements

  • Complied with all code provisions set out in the Corporate Governance Code.
  • Established Board committees and delegated responsibilities.
  • Adopted a code of conduct regarding securities transactions by Directors.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Maintain GHG emissions intensity no higher than 2021 level per location and per staff.

Environmental Challenges

  • COVID-19 pandemic's negative effects on retail sales, shipping delays, and staff mobility.
  • Unclear prospects of the Hong Kong economy and property market affecting corporate sales.
  • Increase in shipping costs affecting gross margin.
Mitigation Strategies
  • Cost-cutting exercises across all markets.
  • Opened a new store in Times Square, Causeway Bay.
  • Launched a new product range, “Tribe by Indigo”.
  • Developed and converted client pipeline to sales orders in UAE.
  • Implemented energy conservation measures.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Green procurement (prioritising suppliers using recycled wood or wood from sustainably managed forests).

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather conditions (flooding, tropical storms)
  • Sustained high temperature (increasing electricity consumption)
Transition Risks
  • Change in environmental-related regulations
  • Change in customer preferences
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GEM Listing Rules, Appendix 20 — the Environmental, Social and Governance Reporting Guide

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:453.77 tCO2e/year
Scope 1 Emissions:87.71 tCO2e/year
Scope 2 Emissions:359.80 tCO2e/year
Scope 3 Emissions:6.26 tCO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:775,364.39 kWh/year
Water Consumption:Not disclosed
Waste Generated:19.75 tons/year (disposed furniture and office paper)
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental protection
  • Social involvement
  • Stakeholder engagement
  • Sustainable development
  • Climate change
  • Supply chain management
  • Data protection and privacy
  • Anti-corruption
  • Community investment

Environmental Achievements

  • Reduced GHG emissions by approximately 3% to 453.77 tonnes (2021: 467.40 tonnes)
  • Reduced office paper consumption

Social Achievements

  • Opened a new store in Dubai Hills Mall
  • Launched Indigo Trade website
  • No reported cases of work injuries
  • No cases of child labour or forced labour

Governance Achievements

  • Established Board committees (Audit, Remuneration, Nomination)
  • Complied with GEM Listing Rules regarding corporate governance

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Maintain or reduce total fuel consumption intensity per location between 90% to 115% of the 2022 level
Short-term Goals:
  • Maintain GHG emissions intensity no higher than 2022 levels per location and per staff

Environmental Challenges

  • Challenging market conditions in Hong Kong and mainland China due to the Omicron variant and social distancing measures
  • Weak demand in Hong Kong retail due to decline in the second-hand property market and price competition
  • Closure of stores in Shanghai due to social distancing measures in Mainland China
  • Decline in online business due to store closures in Shanghai
  • Decrease in project revenue in Hong Kong due to COVID-19 lockdown measures
Mitigation Strategies
  • Launched a large volume furniture package for a new private housing estate in Hong Kong
  • Extended online businesses to B2B model with Indigo Trade website
  • Staff reorganisation and layoffs in Shanghai
  • Increased marketing exposure to local customers in Hong Kong
  • Opened a new store in Dubai Hills Mall
  • Strong pipeline of projects expected to materialise in 2023 or after
  • Awarded a significant multi-year furniture supply project in the UAE
  • Completed a placing of new shares to raise capital for acquisitions and working capital
  • Adopted energy conservation measures
  • Implemented “Standard Operation Procedures on Complaint Handling”
  • Established “Standard Operation Procedures on Quality Control Inspection”

Supply Chain Management

Supplier Audits: Regular assessments and inspections

Responsible Procurement
  • Green procurement prioritizing suppliers using recycled wood or sustainably sourced materials
  • Compliance with local laws and regulations

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather conditions
  • Flooding
  • Sustained high temperature
Transition Risks
  • Changes in environmental regulations
  • Changes in customer preferences
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GEM Listing Rules

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:445.82 tCO2e/year
Scope 1 Emissions:122.06 tCO2e/year
Scope 2 Emissions:309.99 tCO2e/year
Scope 3 Emissions:13.77 tCO2e/year
Total Energy Consumption:1,104,086.48 kWh/year
Waste Generated:5.67 tons/year
Carbon Intensity:34.29 tonnes CO2e per location; 2.95 tonnes CO2e per staff

ESG Focus Areas

  • Sustainability
  • Climate Change
  • Employee Well-being
  • Supply Chain Management

Environmental Achievements

  • Reduced GHG emissions by approximately 2% to 445.82 tonnes (2022: 453.77 tonnes)
  • Reduced office paper consumption through double-sided printing and electronic document circulation.
  • Reduced furniture disposal by selling scratched furniture at a discount and donating to NGOs.

Social Achievements

  • Maintained a diverse workforce with approximately 45% female employees.
  • No reported work injuries resulting in lost workdays.
  • Provided employee training and development opportunities.

Governance Achievements

  • Complied with all code provisions set out in the Corporate Governance Code.
  • Established Board committees (Audit, Remuneration, Nomination) with defined responsibilities.
  • Maintained a diverse board with both male and female directors.

Climate Goals & Targets

Short-term Goals:
  • Maintain or reduce GHG emissions intensity per location and per staff.

Environmental Challenges

  • Weak second-hand property market in Hong Kong.
  • Adverse impact on retail sales in Hong Kong due to the reopening of borders and depreciation of Renminbi.
  • Fierce market competition in Dubai affecting retail sales.
Mitigation Strategies
  • Strategic shift of focus to Projects and Furniture Rental businesses.
  • Prudent cash flow management, cost efficiency improvements, and diversified financing channels.
  • Exploring new markets and expanding online capabilities.

Supply Chain Management

Supplier Audits: Regular assessments and inspections

Responsible Procurement
  • Prioritizing suppliers using recycled wood or sustainably sourced materials.
  • Requiring supplier compliance with local laws and regulations.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather conditions
  • Sustained high temperatures
Transition Risks
  • Changes in environmental regulations
  • Changes in customer preferences

Reporting Standards

Frameworks Used: GEM Listing Rules