Climate Change Data

Satu Holdings Limited

Climate Impact & Sustainability Data (2017-04 to 2018-03, 2020-04 to 2021-03, 2022-04 to 2023-03)

Reporting Period: 2017-04 to 2018-03

Environmental Metrics

Total Carbon Emissions:28.44 t CO2e/year
Scope 1 Emissions:12.87 t CO2e/year
Scope 2 Emissions:13.37 t CO2e/year
Scope 3 Emissions:2.20 t CO2e/year
Total Energy Consumption:13,374.9 GJ/year
Carbon Intensity:0.44 t CO2e/each million revenue HKD

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Introduced a hybrid vehicle to mitigate air pollution.
  • Implemented energy conservation practices (switching off unused equipment).

Social Achievements

  • Complied with employment laws and regulations in Hong Kong and PRC.
  • Maintained a safe and healthy work environment with no major accidents.
  • Arranged a Directors’ training on corporate governance and directors’ duties.

Governance Achievements

  • Established an audit committee, remuneration committee, nomination committee, and risk management committee.
  • Adopted a share option scheme.
  • Complied with the code provisions of the CG Code (except for the deviation of chairman and chief executive roles).

Climate Goals & Targets

Environmental Challenges

  • Intense price competition in the European homeware market.
Mitigation Strategies
  • Working closer with main customers by enhancing quality and design services and diversifying product range.
  • Establishing an America marketing team to explore new markets.
  • Strengthening the e-commerce team to enlarge market share in online distribution channels.

Supply Chain Management

Responsible Procurement
  • Regular assessment of third-party factories for compliance with requirements, social and environmental laws, and reporting to senior management.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GEM Listing Rules Appendix 20 ESG Reporting Guide

Reporting Period: 2020-04 to 2021-03

Environmental Metrics

Total Carbon Emissions:30.28 tCO2e/year
Scope 1 Emissions:1.46 tCO2e/year
Scope 2 Emissions:28.82 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:45,149 kWh/year
Water Consumption:Not disclosed
Waste Generated:297.5 kg/year
Carbon Intensity:0.50 tCO2e/each million revenue in HKD (2021)

ESG Focus Areas

  • Greenhouse Gas Emissions and Resource Management
  • Product Responsibility
  • Supply Chain Management

Environmental Achievements

  • Decreased vehicle fuel consumption from 996.75 liters to 541.69 liters, resulting in lower air emissions.
  • Reduced copier paper consumption to 297.5 kg (4.91 kg per million of revenue) from 280 kg (5.63 kg per million of revenue).

Social Achievements

  • Complied with all applicable employment laws in Hong Kong and the PRC.
  • Maintained harmonious employer-employee relations and team cohesion.
  • No fatality cases or major accidents/issues concerning the health and safety of employees.

Governance Achievements

  • Complied with all applicable code provisions set out in the CG Code, except for the non-segregation of Chairman and CEO roles.
  • Established four Board committees (Audit, Remuneration, Nomination, and Risk Management) to oversee specific aspects of the Company’s affairs.
  • Adopted a share option scheme to incentivize employees and directors.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Significant socio-economic impact of the COVID-19 pandemic, particularly affecting the retail and export markets.
  • Intense competition in the e-commerce market.
  • Challenges in building brand awareness for own-brand products in the PRC.
Mitigation Strategies
  • Focused on revenue growth despite the pandemic.
  • Took advantage of the shift to online shopping.
  • Invested in product enhancement, development of new products, and brand promotion (including online platforms, KOL presentations, and social media).

Supply Chain Management

Supplier Audits: Regular basis

Responsible Procurement
  • Assessments prior to accepting a supplier; ongoing assessments and regular inspections of approved suppliers.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GEM Listing Rules

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: 2022-04 to 2023-03

Environmental Metrics

Total Carbon Emissions:35.56 tCO2e/year
Scope 1 Emissions:1.49 tCO2e/year
Scope 2 Emissions:31.69 tCO2e/year
Scope 3 Emissions:2.38 tCO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:66.02 thousand kWh/year
Water Consumption:315.91 m3/year
Waste Generated:7.06 tons/year
Carbon Intensity:60.58 tCO2e per million HKD revenue (2023)

ESG Focus Areas

  • Greenhouse Gas Emissions and Resource Management
  • Product Responsibility
  • Supply Chain Management

Environmental Achievements

  • Implemented energy and resource conservation practices, such as turning off unused equipment and lights.
  • Used FSC certified papers for printing reports.
  • Handled used fluorescent light tubes through the office building's central waste collection system.

Social Achievements

  • Maintained a gender-diverse workforce (60.6% female).
  • Provided epidemic-prevention materials and flexi-work arrangements during the COVID-19 outbreak.
  • Provided 36 hours of anti-corruption training to all employees.

Governance Achievements

  • Complied with all applicable employment laws and regulations in the PRC and Hong Kong.
  • Established an Anti-Fraud and Whistleblowing Policy.
  • Maintained a Board with two female members.

Climate Goals & Targets

Long-term Goals:
  • Achieve carbon neutrality no later than 2050.
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Reduce GHG emissions by 2% by 31 March 2027 (compared to 31 March 2022).

Environmental Challenges

  • Significant decrease in revenue from homeware export business.
  • Increase in GHG emissions due to increased electricity consumption and decreased revenue.
  • Increase in energy consumption intensity due to decreased revenue.
Mitigation Strategies
  • Undertaking cost control measures and diversifying sales networks and customer base.
  • Implementing energy and resource conservation practices.
  • Continuously improving energy efficiency and maintaining efficient management support.

Supply Chain Management

Supplier Audits: Regular assessments and inspections of approved suppliers.

Responsible Procurement
  • Prioritising sourcing of local manufactured materials and local suppliers.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events (strong winds, heavy rainfall, floods).
Transition Risks
  • Implementation of low-carbon policies; changes in supply and demand for commodities; potential new regulations; increased operational costs from new technologies; reputational impacts.
Opportunities
  • Technologies to enhance operational performance and energy efficiency; transitioning to low-carbon economy market; opportunities from transition enablers.

Reporting Standards

Frameworks Used: ESG Reporting Guide (Appendix 20 to the GEM Listing Rules)

Certifications: FSC Standard for Chain of Custody Certification

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed