Digital Domain Holdings Limited
Climate Impact & Sustainability Data (2017, 2020, 2021, 2022, 2023)
Reporting Period: 2017
Environmental Metrics
Total Carbon Emissions:1506 tonnes CO2e
Total Energy Consumption:1,539,588 kWh
Water Consumption:3,500 m3
Waste Generated:43.0 tons (non-hazardous)
ESG Focus Areas
- Environmental Protection
- Employment and Labour Practices
- Operating Practices
- Community Investment
Environmental Achievements
- Widely set up LED lighting systems in workplaces
- Maintained indoor temperature at an optimal level for comfort
- Implemented “reducing carbon footprint” initiatives and efficiency practices to reduce greenhouse gas emission and conserve energy usage
- Encouraged employees to reduce paper usage by using double-sided copying and electronic information systems
- Introduced e-communication system with shareholders to reduce paper consumption
Social Achievements
- Provided a desirable workplace, continuous training and prospective career opportunities to employees
- Offered equal employment opportunities to different genders, age groups and nationalities
- Complied with regulations related to child labour and forced labour
- Offered competitive remuneration package, including internal promotion opportunities and performance-based bonus
- Provided medical insurance, maternity leave, incentive and bonus to full-time employees in Hong Kong
- Participated in Mandatory Provident Fund (MPF) Scheme in Hong Kong
- Complied with Minimum Wage Ordinance, Employment Ordinance and Employees’ Compensation Ordinance in Hong Kong
- Contributed labor pension to individual accounts in Taiwan
- Provided training materials on relevant rules and regulating updates to board of directors
- Provided a comprehensive induction package to newly appointed directors
- Promoted open and direct communication between employees and management
- Adopted health and safety policies including prohibition of smoking in the workplace, abuse of alcohol and drugs, identification and prevention of risks and hazards in the working area, and follow-up actions for accidents or personal injuries
- Achieved zero work-related fatalities and 76 lost days due to work injury during the reporting period
Governance Achievements
- Developed a series of management systems and procedures aligned with corporate governance required by the Hong Kong Stock Exchange
- Developed company policies on anti-fraud, anti-bribery, anti-extortion and anti-money laundering
- Conducted periodic and systematic fraud risk assessments
- Established whistle-blowing policy and procedures
- Complied with corporate policy of anti-corruption and no cases of anti-corruption were concluded during the reporting period
Climate Goals & Targets
Environmental Challenges
- Electricity consumption contributing to greenhouse gas emission and energy footprints
- Disposal of non-hazardous waste
Mitigation Strategies
- Implemented energy saving initiatives in workspaces, including LED lighting, optimal temperature control, equipment shutdown after hours, and energy saving awareness campaigns
- Encouraged employees to reduce paper usage and utilize electronic information systems
- Introduced e-communication system with shareholders
Supply Chain Management
Supplier Audits: Annual internal assessment of regular suppliers
Responsible Procurement
- Evaluation of suppliers’ and contractors’ track records and capacity in compliance with all applicable laws and regulations, safeguarding workers’ health and safety, and mitigating environmental impacts
- Requirement for suppliers to comply with all applicable laws and regulations and follow principles of proper social, environmental and ethical conduct
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Appendix 27 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited
Reporting Period: 2020
Environmental Metrics
Total Carbon Emissions:1767 tCO2e
Total Energy Consumption:2,201,340 kWh
Water Consumption:5,581 m3
Waste Generated:85.48 tons
ESG Focus Areas
- Employee Health and Safety
- Environmental Protection
- Climate Change Mitigation
- Waste Management
- Resource Conservation
- Supply Chain Management
- Community Investment
- Corporate Governance
- Anti-Corruption
Environmental Achievements
- 94% Reduction of Sulphur Oxides Emission
- 99% Reduction of Nitrogen Oxides Emission
- 99% Reduction of Particulate Matter Emission
- Zero Environmental Non-Compliance
Social Achievements
- Zero Fatalities and Injuries
- Successful navigation through COVID-19 disruptions, protecting employee safety and maintaining operations.
- Offered employees two paid days as vaccination leave.
Governance Achievements
- Compliance with applicable laws and regulations related to bribery, extortion, fraud, and money laundering.
- Established whistle-blowing policy and procedures.
Climate Goals & Targets
Environmental Challenges
- COVID-19 pandemic impacting operations, employees, and supply chains.
Mitigation Strategies
- Implemented preventive and mitigation measures, including remote work, to protect employee safety and maintain operations.
- Provided special leave arrangements for employees required for compulsory quarantine.
Supply Chain Management
Responsible Procurement
- Supplier selection framework evaluating legal and regulatory compliance, including environmental, social, and governance aspects.
- Code of conduct prohibiting improper gifts or favors.
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
Reporting Standards
Frameworks Used: HKEX ESG Reporting Guide
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:2011.68 tCO2e/year
Scope 2 Emissions:1991.16 tCO2e/year
Scope 3 Emissions:20.52 tCO2e/year
Total Energy Consumption:2,520,454 kWh/year
Water Consumption:5,690 m3/year
Waste Generated:93.95 tons/year
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Total Energy Consumption: 2,520,454 kWh
- Total GHG Emission: 2,011.68 tCO2e
- Zero client complaints
- Reduced paper consumption through digitalization and other initiatives.
Social Achievements
- 418 employee training hours
- Zero supplier complaints
- HK$3,220 community donations
- Zero work-related fatalities
- Zero lost days due to injury at work
- Implemented pandemic prevention measures, including flexible working arrangements and employee support.
Governance Achievements
- Established ESG working group
- Implemented whistle-blowing policy and procedures
- Developed anti-corruption policies and training programs
- Complied with relevant laws and regulations regarding bribery, extortion, fraud, and money laundering.
Climate Goals & Targets
Long-term Goals:
- Reduce carbon footprint and refresh long-term goals as technologies advance.
Environmental Challenges
- Potential climate-related risks (physical risks like extreme weather and policy/regulatory risks)
- Increased GHG emissions due to increased creative work capacity.
Mitigation Strategies
- Implementing natural disaster emergency plans
- Monitoring regulatory trends
- Using energy-saving equipment (LED lights, high-efficiency equipment)
- Optimizing air conditioning systems
- Encouraging employees to switch off devices when not in use
- Procuring energy-efficient appliances
- Reducing paper consumption through digitalization
- Encouraging use of video conferencing to reduce air travel.
Supply Chain Management
Responsible Procurement
- Supplier selection framework based on applicable laws and regulations regarding safety, environment, forced labor, and child labor.
- Code of conduct prohibiting improper gifts, loans, hospitality, services, or favors.
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events (typhoons, wildfires, flooding)
Transition Risks
- More stringent laws and regulations related to climate change
Reporting Standards
Frameworks Used: HKEX ESG Reporting Guide
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:1,906,507 kg CO2e
Scope 2 Emissions:1,870.74 t CO2e
Scope 3 Emissions:35.77 t CO2e
Total Energy Consumption:3,974,900 kWh
Water Consumption:10,695 m3
Waste Generated:251.60 tons
ESG Focus Areas
- Climate Change
- Health and Wellbeing
- Community Engagement
- Governance
- Innovation
- Diversity
Environmental Achievements
- Reduced GHG Emissions from 2,011.68t CO2e in 2021 to 1,906.51t CO2e in 2022
- Reduced energy consumption from 2,520,454 kWh in 2021 to 3,974,900 kWh in 2022 (Note: This seems counterintuitive and requires further investigation from the report itself to understand the discrepancy.)
- 100% recycling of used toner cartridges
Social Achievements
- Organized 4,875 hours of employee training
- Zero work-related fatalities and injuries
- HKD4,640 community contribution to Orbis Hong Kong
Governance Achievements
- Zero complaints
- Zero corruption cases concluded
- Zero non-compliance with labor standards
Climate Goals & Targets
Long-term Goals:
- Net zero emissions by 2050
Environmental Challenges
- Potential climate-related risks including physical risks (extreme weather, rising sea levels) and transitional risks (policy changes, market shifts)
- Increased GHG emissions due to increased creative work capacity
Mitigation Strategies
- Developing sustainability initiatives to address climate-related risks and opportunities
- Implementing energy-saving measures (energy-efficient lighting, air conditioning, equipment)
- Reducing paper consumption through paperless office initiatives
- Minimizing air travel through video conferencing
- Building resilience into operations to protect assets and minimize downtime from extreme weather events
- Engaging with industry bodies, peers, governments, and communities to ensure an effective regulatory framework
- Adapting new applications to improve energy efficiency and decarbonize operations
Supply Chain Management
Responsible Procurement
- Supplier selection framework based on applicable laws and regulations (safety, environment, forced labor, child labor)
- Supplier assessment covering professional qualification, service/product quality, financial status, integrity, and social responsibility
- Code of conduct prohibiting improper gifts, loans, hospitality, services, or favors
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
- Rising sea levels
- Changes in precipitation patterns
Transition Risks
- Policy and regulatory changes
- Technical viability of decarbonization strategy
- Market risks
- Reputational damage
Opportunities
- Reducing emissions
- Building resilience into operations
- Engaging business partners on innovative climate solutions
- Supporting sustainable product and packaging innovation
Reporting Standards
Frameworks Used: HKEX ESG Reporting Guide, SASB
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:1832.69 kg CO2e
Scope 2 Emissions:1699.34 kg CO2e
Scope 3 Emissions:133.34 kg CO2e
Total Energy Consumption:3,455,611 kWh
Water Consumption:15,902 m3
Waste Generated:213.0 tons
ESG Focus Areas
- Climate Change
- Diversity, Equity and Inclusion
- Corporate Governance
- Community Engagement
- Supply Chain Management
- Employee Well-being
- Data Privacy
- Anti-Corruption
Environmental Achievements
- Total energy consumption: 3,455,611 kWh
- Total GHG emission: 1,832.687 kg
- Zero complaints regarding environmental compliance
Social Achievements
- 2,035 training hours provided to employees
- Zero lost days due to injury at work
- Zero work-related fatality
- Community contribution totaling over HK$320,000
Governance Achievements
- Zero corruption cases concluded
- Zero non-compliance with labor standards
- Established whistle-blowing policy and procedures
Climate Goals & Targets
Long-term Goals:
- Net zero emissions by 2050
Environmental Challenges
- Navigating towards a greener and ultimately carbon-free destination
- Managing transitional climate risks (regulatory impacts, technical viability of decarbonization, market risks, reputational damage)
- Managing physical climate risks (extreme weather events, rising sea levels, changes in precipitation patterns)
Mitigation Strategies
- Developing sustainability initiatives to identify and address climate-related risks and opportunities
- Implementing measures to reduce emissions, increase energy efficiency, adopt renewable energy sources, promote sustainable transportation, and reduce paper consumption
- Building resilience into operations to protect assets and minimize operational downtime from extreme weather events
- Regular and transparent engagement with stakeholders on climate strategy and progress
- Supplier selection framework based on environmental and social aspects
- Continuous assessment of product and service quality
Supply Chain Management
Responsible Procurement
- Supplier selection framework based on applicable laws and regulations related to safety, environment, forced labor, child labor, and other social aspects; code of conduct prohibiting improper gifts, loans, hospitality, services, or favors.
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
- Rising sea levels
- Changes in precipitation patterns
Transition Risks
- Emerging regulations
- Technical viability of decarbonization strategy
- Market risks
- Reputational damage
Opportunities
- Resource efficiency
- Adaptation technology and data
Reporting Standards
Frameworks Used: SASB, TCFD