Climate Change Data

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