Climate Change Data

PuraPharm Corporation Limited

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:12,829 tCO2e/year
Scope 1 Emissions:4,205 tCO2e/year
Scope 2 Emissions:8,624 tCO2e/year
Total Energy Consumption:10,404 MWh/year
Water Consumption:221,666 m3/year
Waste Generated:2,288 tons/year (herbal residues); 11 tons/year (general refuse); 214 tons/year (packaging materials)
Carbon Intensity:31.569 tCO2e/million revenue

ESG Focus Areas

  • energy usage and conservation
  • air pollutants emissions
  • customer privacy
  • product quality assurance
  • occupational health and safety
  • climate-related risks

Environmental Achievements

  • Installed electric meters to monitor electricity consumption in factories to identify any abnormality
  • Installed steam ejection pumps for waste heat collection and re-use
  • Adopted LED lighting with higher energy efficiency
  • Procured energy-efficient electrical appliances with energy labels
  • Recycled 27,719 plastic bottles (1,580 kg)
  • Converted herb residues from manufacturing into organic fertilizer

Social Achievements

  • Achieved 0 fatalities due to work-related accidents for the past three years
  • Provided 3,900 training hours to employees
  • Contributed 12 hours and RMB61,410 (HKD66,800) to community initiatives

Governance Achievements

  • Established an Environmental, Social and Governance Committee
  • Adopted a comprehensive Risk Management Policy
  • Implemented a Whistleblowing Policy
  • Adopted an Anti-Corruption Management Policy
  • Adopted a Continuous Disclosure and Communication Policy

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Reduce the total GHG emissions intensity by by 2030 compared to the intensity for 2020
  • Reduce the energy intensity by by 2030 compared to the intensity for 2020
  • Reduce the water consumption intensity by by 2030 compared to the intensity for 2020
  • Reduce the non-hazardous waste intensity by by 2030 compared to the intensity for 2020
  • Reduce the hazardous waste intensity by by 2030 compared to the intensity for 2020
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Decrease in sales of Concentrated Chinese Medicine Granules (CCMG) in China due to implementation of new national standards
  • Climate change impacting raw herb supplies
  • Highly competitive market
  • Economic slowdown impacting market demand
  • Potential losses due to counterparties' failure to meet obligations
  • Changes in political, regulations or economic conditions
  • Potential negative effects from altered relationships with distributors
Mitigation Strategies
  • Improved customer service and stable product supply in Hong Kong
  • Development of a herbs resources centre and improvement in production line efficiency
  • Maintaining good relationships with customers and timely delivery of quality products
  • Strengthening brand promotion and product quality
  • Improving personnel knowledge for effective customer promotion
  • Active focus on economic environment and countermeasures
  • Tightening execution of current regulations
  • Utilizing grace periods to match new requirements
  • Building brand loyalty, strengthening customer base, and providing quality products
  • Enhancing e-commerce and customer relationship management
  • Strengthening product cost control
  • Maintaining good relationships and communication with government departments
  • Familiarization with national and local laws and regulations
  • Providing 4-8 months/6-month rolling sales forecasts to maintain proper inventory levels
  • Strategic stockpiling of raw herbs
  • Procuring from large and reliable suppliers
  • Expanding market share through new product development and customer relationship maintenance
  • Designated teams to monitor and handle compliance issues
  • Local sales representatives to support distributor relationships

Supply Chain Management

Supplier Audits: Annual review of suppliers’ ESG performance

Responsible Procurement
  • Sustainable Procurement Policy
  • Supplier Code of Conduct
  • Prioritization of environmentally friendly products

Climate-Related Risks & Opportunities

Physical Risks
  • Typhoons and sea level rise affecting herb plantations
Transition Risks
  • Changes in regulations and carbon neutrality targets

Reporting Standards

Frameworks Used: HKEX ESG Reporting Guide

Certifications: CNAS ISO 17025

Awards & Recognition

  • InnoESG Prize 2023 – ESG Award
  • 4 Consecutive A Enterprise for Tax Credit from 2019 to 2022
  • Advanced Collective in Talent Work of Danzhai County