China Eco-Farming Limited
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:7.9 tonnes of CO2e
Scope 1 Emissions:4.2 tonnes of CO2e
Scope 2 Emissions:0.5 tonnes of CO2e
Scope 3 Emissions:3.2 tonnes of CO2e
Renewable Energy Share:Not disclosed
Total Energy Consumption:16,003.4 kWh
Water Consumption:Not disclosed
Waste Generated:0.0 tons
Carbon Intensity:Not disclosed
ESG Focus Areas
- Environmental protection
- Employee well-being
- Compliance
Environmental Achievements
- Reduced paper waste to 0.0 tonnes in 2022 from 0.6 tonnes in 2021.
- Implemented various initiatives to reduce GHG emissions (details in Energy Management section).
Social Achievements
- Established whistleblowing policy to address discrimination and harassment concerns.
- Provided personal medical insurance and business travel insurance for all employees.
Governance Achievements
- Established an audit committee in 2001.
- Maintained compliance with all applicable laws and regulations during the reporting period.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- 15% reduction of emission per production unit by 2025 (scope 1, 2 & 3).
- 15% reduction of non-hazardous wastes per production unit by 2025.
Environmental Challenges
- Decrease in revenue due to the continuation of the COVID-19 pandemic.
- High factory overhead for recycling used plastic products resulting in negative gross profit margin.
- Unexpected fifth wave outbreak of COVID-19 in Hong Kong impacting downstream clients' payment terms and customer demand.
- Significant impairment losses on loans.
Mitigation Strategies
- Developing existing business by expanding product mix and number of suppliers and customers.
- Securing a revolving loan facility of HK$20 million from two executive directors.
- Exploring additional funding options (rights issue, share placing, convertible bonds).
- Actively negotiating with parties to repay outstanding liabilities and recover receivables.
- Negotiating debt capitalization with creditors.
- Exploring business opportunities and implementing cost-saving measures.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Supplier selection based on quality, cost, business scale, reputation, and environmental commitment.
Climate-Related Risks & Opportunities
Physical Risks
- Increased extreme weather events impacting productivity.
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Appendix 20 to the Rules Governing the Listing of Securities on Growth Enterprise Market of The Stock Exchange of Hong Kong Limited
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:4.5 tCO2e/year (Scope 1, 2 & 3)
Scope 1 Emissions:0.0 tCO2e/year
Scope 2 Emissions:0.5 tCO2e/year
Scope 3 Emissions:4.0 tCO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:700.0 kWh/year
Water Consumption:Not disclosed
Waste Generated:0.0 tons/year
Carbon Intensity:49.0 kg of CO2e/m2 (2023)
ESG Focus Areas
- Environmental protection
- Employee well-being
- Ethical business practices
- Community involvement
- Supply chain responsibility
Environmental Achievements
- Reduced GHG emissions from 7.9 tonnes of CO2e in 2022 to 4.5 tonnes of CO2e in 2023 (Scope 1, 2 & 3). Implemented various initiatives to reduce energy consumption and waste generation.
Social Achievements
- Established whistleblowing policy to address concerns about discrimination or harassment. Provided personal medical insurance and business travel insurance for all employees. No workplace accidents reported.
Governance Achievements
- Maintained compliance with applicable laws and regulations. Conducted anti-corruption training for employees. Established reporting channels for employees to report illegal and non-compliance conducts.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Achieve a 15% reduction of emission per production unit by 2025 from the base year of 2020 (scope 1, 2 & 3).
Environmental Challenges
- Significant losses reported for the year. Current liabilities exceeded current assets. Liquidity concerns due to negative operating cash flow.
Mitigation Strategies
- Developing existing business by expanding product mix and customer base. Securing a revolving loan facility from directors. Exploring additional funding options (rights issue, share placement, convertible bonds). Actively negotiating with parties to repay outstanding liabilities and collect receivables. Negotiating debt capitalization.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Supplier selection based on quality, cost, business scale, reputation, and environmental commitment. Full compliance with laws and regulations required.
Climate-Related Risks & Opportunities
Physical Risks
- Increased extreme weather events impacting productivity.
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Appendix C2 to the Rules Governing the Listing of Securities on Growth Enterprise Market of The Stock Exchange of Hong Kong Limited
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Reusable bags
Awards & Recognition
- Not disclosed