Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Protection
• Occupational Health and Safety
• Supply Chain Management
• Anti-Corruption
• Community Investment

Environmental Achievements

• Diverted waste rocks from mining and processing to external recyclers for processing/use, allowing waste rocks to be reused as construction material for roads, tailings dams, retaining walls and swales. Reuse rate of tailings up to 85%
• Recycled water for mining and dust control; reused water from tailing dams and rainwater in processing plant; treated domestic wastewater reused for irrigation.

Social Achievements

• Employee turnover rate decreased to 11% in 2023 (from 39% in 2022)
• Provided various recreational and cultural activities for employees to promote work-life balance.
• Total training hours for employees increased to 6,213 hours in 2023 (from 2,451 hours in 2022).

Governance Achievements

• Established an ESG working group and an emission reduction leading group; formulated a series of ESG policies.
• Implemented anti-corruption, bribery and money laundering policies; provided training to staff and directors on anti-money laundering and anti-corruption.

Climate Goals & Targets

Environmental Challenges

• Increase in total water consumption intensity (34.1%), total greenhouse gas (Scope 2) emission intensity (6.29%), and total purchased electricity consumption intensity (6.29%) in 2023 compared to 2022.
• Extreme weather events leading to collapses, landslides, mudslides, injuries, fatalities, and decreased revenue.
• Climate change increasing the risk of water seepage in mining areas and affecting flood discharge efficiency.

Mitigation Strategies

• Reviewing emission reduction and conservation measures; exploring ways to optimize emission reduction and conservation measures.
• Adopting measures to prevent collapses, landslides, and mudslides (mulching, anchors, plantations); introducing a dynamic monitoring system.
• Contingency plans for extreme weather; good drainage ditches and flood drainage facilities; lowering reservoir storage volume before flood season.
• Regular hydrogeological inspections; measures to minimize water retention time; seepage control.

Supply Chain Management

Supplier Audits: 18 key suppliers in 2023; regularly monitoring and assessing supplier performance.

Responsible Procurement

• Prioritising suppliers that offer energy-efficient products with fine technology, quality, safety and compliance.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather leading to collapses, landslides, mudslides, injuries, fatalities, and decreased revenue.
• Climate change affecting flood discharge efficiency
• Climate change increasing the risk of water seepage in mining areas

Transition Risks

• Changes in environmental or climate-related regulations
• Changes in policies to reduce CO2 emissions

Opportunities

• Enhance energy efficiency of machineries and equipment
• Develop energy-efficient and low carbon production technologies

Reporting Standards

Frameworks Used: Appendix C2 of the Rules Governing the Listing of Securities on the Main Board of The Stock Exchange of Hong Kong Limited

Awards & Recognition

• “Enterprise of Constructing Merit” and “Team of Constructing Merit” awarded by Yantai Muping District Federation of Trade Unions