Carry Wealth Holdings Limited
Climate Impact & Sustainability Data (2020, 2021, 2022)
Reporting Period: 2020
Environmental Metrics
Total Carbon Emissions:1,301.8 tonnes of CO2-eq
Scope 1 Emissions:385.7 tonnes of CO2-eq
Scope 2 Emissions:916.1 tonnes of CO2-eq
Total Energy Consumption:1.4 MWh
Water Consumption:26,348 tonnes
Waste Generated:176.5 tonnes (production) + 30.7 tonnes (living)
Carbon Intensity:0.33 kg CO2-eq per garment set produced
ESG Focus Areas
- Environment
- Employee
- Product Responsibility
Environmental Achievements
- Heshan factory complied with all relevant environmental laws and regulations.
- Factory awarded gold certification by Worldwide Responsible Accredited Production (WRAP).
Social Achievements
- Provided equal employment opportunities regardless of gender, race, age, religion, and sexual orientation.
- Organized trainings including operational skills, health and safety, WRAP teamwork building, and soft management skills.
- Employed 9 disabled staff.
Governance Achievements
- Established a series of policies, detailed operating procedures, and a code of conduct to ensure no improper or illegal benefits are offered, promised, requested, or received by any employee.
- Implemented a whistle-blowing policy.
Climate Goals & Targets
Environmental Challenges
- Minimising emissions and wastage to protect the environment.
- Balancing business development with environmental impact.
Mitigation Strategies
- Continuously reviewed production processes and used environmentally friendly materials and clean fuel.
- Conducted seminars and activities to raise staff environmental awareness.
- Implemented measures such as replacing fluorescent lights with LEDs, setting air conditioner temperature at 25°C, installing fans, using waste heat from boilers, using an environmentally friendly natural gas boiler, tree planting, and using electric buses.
Supply Chain Management
Responsible Procurement
- Evaluates suppliers based on pricing, product and service quality, timely delivery, and ESG compliance.
- Site visits conducted with customers to evaluate supplier compliance with social and corporate responsibility requirements.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Appendix 27 ESG Reporting Guide published by The Stock Exchange of Hong Kong Limited
Certifications: WRAP Gold Certification
Awards & Recognition
- WRAP Gold Certification
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:1,466.4 tonnes of CO2-eq
Scope 1 Emissions:504.0 tonnes of CO2-eq
Scope 2 Emissions:962.4 tonnes of CO2-eq
Total Energy Consumption:1.4 MWh
Water Consumption:31,823 tonnes
Waste Generated:383.8 tonnes
Carbon Intensity:0.41 kg CO2-eq per garment set produced
ESG Focus Areas
- Environment
- Employee
- Product Responsibility
Environmental Achievements
- Complied with all relevant environmental laws and regulations in Guangdong Province.
- Used Higg Facility Environmental Model (Higg FEM) to assess environmental sustainability performance.
- Minimised production wastage to 0.10 kg per garment set produced.
Social Achievements
- Provided equal employment and promotion opportunities regardless of gender, race, age, religion, and sexual orientation.
- Maintained a safe working environment with no work-related fatalities or lost working days due to injuries.
- Provided training programs for employees including operational skills, health and safety, and soft management skills.
Governance Achievements
- Established a series of policies, detailed operating procedures, and a code of conduct to ensure zero tolerance for corruption.
- Implemented a whistle-blowing policy to encourage employees to report any improprieties.
Climate Goals & Targets
Environmental Challenges
- Minimising environmental impact of garment production.
- Maintaining high standards of health and safety in the workplace.
- Ensuring compliance with labor standards and regulations.
Mitigation Strategies
- Implemented measures such as using LED lights, setting air-conditioner temperature at 25°C, installing fans, using waste heat from boilers, and using an environmentally friendly natural gas boiler.
- Conducted regular trainings on first-aid, workplace safety, and prevention of occupational diseases.
- Strictly enforced principles such as prohibition of child labor, forced labor, and discrimination.
Supply Chain Management
Responsible Procurement
- Evaluation of suppliers based on pricing, product and service quality, timely delivery, and ESG compliance.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Appendix 27 ESG Reporting Guide published by The Stock Exchange of Hong Kong Limited
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:1,560.7 tCO2e/year
Scope 1 Emissions:411.3 tCO2e/year
Scope 2 Emissions:1,149.4 tCO2e/year
Total Energy Consumption:1.7 MWh/year
Water Consumption:32,271 tonnes/year
Waste Generated:252.5 tonnes/year
Carbon Intensity:0.80 kg CO2-eq per garment set produced
ESG Focus Areas
- Environment
- Employee
- Product Responsibility
Environmental Achievements
- Complied with all relevant environmental laws and regulations in Guangdong Province.
- Used Higg Facility Environmental Model (Higg FEM) to assess environmental sustainability performance.
- Minimized production wastage to 0.11 kg per garment set produced.
Social Achievements
- Provided equal employment and promotion opportunities regardless of gender, race, age, religion, and sexual orientation.
- Maintained a safe working environment with no work-related fatalities and only 5.5 lost working days due to 4 injury cases.
- Offered various trainings including operational skills, health and safety, and soft management skills.
Governance Achievements
- Adopted a zero-tolerance approach to corruption with established policies, operating procedures, and a code of conduct.
- Established a whistle-blowing policy to encourage reporting of any improprieties.
- Complied with all relevant rules and regulations regarding anti-corruption.
Climate Goals & Targets
Environmental Challenges
- Balancing business development with environmental impact.
- Managing risks associated with supply chain management.
- Ensuring compliance with labor standards and regulations.
Mitigation Strategies
- Continuous review of production processes and use of environmentally friendly materials and clean fuel.
- Collaborative and mutual benefit approach in supply chain management, including site visits to evaluate supplier compliance.
- Strict enforcement of labor standards principles, including prohibition of child labor and forced labor, and adherence to working hour regulations.
Supply Chain Management
Responsible Procurement
- Evaluation of suppliers based on pricing, quality, timely delivery, and ESG compliance.
- Joint site visits with customers to assess supplier compliance with social and corporate responsibility requirements.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Appendix 27 ESG Reporting Guide published by The Stock Exchange of Hong Kong Limited