Climate Change Data

Ocean Star Technology Group Limited

Climate Impact & Sustainability Data (2023-03 to 2024-03)

Reporting Period: 2023-03 to 2024-03

Environmental Metrics

Total Carbon Emissions:57.34 tCO2e/year
Scope 1 Emissions:2.27 tCO2e/year
Scope 2 Emissions:55.07 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:104.96 MWh/year
Water Consumption:124 m3/year
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Reduced energy consumption intensity by a significant amount due to the change in production model. Reduced GHG emissions significantly due to the change in production model.
  • Reduced water consumption intensity significantly due to the change in production model.

Social Achievements

  • Established an Employee Handbook outlining relevant regulations.
  • Implemented a zero-tolerance policy towards discrimination, harassment, and bullying.
  • Prioritised internal promotions over external hiring.
  • Provided 79 hours of training for continuous professional development (2023: 56 hours).

Governance Achievements

  • Established an anti-corruption policy and whistleblowing mechanism.
  • Implemented robust procedures to address whistleblowing reports.
  • Established a shareholders’ communication policy.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Reduce energy consumption intensity by 5% (against 2022 baseline)
  • Reduce water consumption intensity by 5% (against 2022 baseline)
  • Reduce GHG emissions intensity by 5% (against 2022 baseline)

Environmental Challenges

  • Weak retail consumer market in Hong Kong due to various political, military, economic, and social factors.
  • High employee turnover rate (45% in 2024, 32% in 2023).
Mitigation Strategies
  • Optimized lingerie stores network coverage.
  • Changed from self-production to OEM for certain lingerie products.
  • Enforced cost control measures.
  • Readjusted business portfolio by terminating non-core business.
  • Focus on consolidating retail network, optimizing product mix, and intensifying cost control.
  • Developing the great health business.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Sustainable Supply Chain Policy focusing on local suppliers and environmentally friendly products.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events disrupting supply chain and causing physical damage.
Transition Risks
  • Tightening environmental regulations, climate-related legislation, and stringent disclosure requirements.
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: ESG Reporting Guide (Appendix C2 of the GEM Listing Rules)

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Lingerie products designed with recyclable and safe-to-dispose materials.

Awards & Recognition

  • Made in Hong Kong Mark Scheme
  • QTSA