Climate Change Data

Environmental Metrics

ESG Focus Areas

• Product strategy
• Reduce emissions
• Water consumption
• Chemical management
• Care for our people

Environmental Achievements

• Met emissions targets by strictly complying with given standards.
• Installed solar power panels generating approximately 2,370,000 Kilowatt hours per year.
• Improved insulation of high-temperature tubing and valves, saving approximately 41.05 tonnes of steam per year.
• Added 7 sets of dyeing machines with lower liquor ratio, reducing water and steam consumption by approximately 20-30%.

Social Achievements

• Created a work environment providing fair and equal development and learning opportunities to all staff.
• Provided subsidised accommodation, meals, accidents and medical insurance to eligible employees.
• Granted share options to eligible employees.
• Paid overtime compensation according to local labour laws.
• Paid relevant dismissal compensation according to service contracts and laws.

Governance Achievements

• Established a multi-level ESG internal management structure.
• Implemented anti-corruption policies, rules, and regulations with a reporting mechanism.
• No legal cases brought against Best Pacific for corruption, nor any corruption reported within the Group.

Climate Goals & Targets

Environmental Challenges

• Increased emissions and resource consumption due to increased sales volume and ramp-up of production plants.

Mitigation Strategies

• Facility enhancement projects resulting in decreased consumption intensities of electricity, water resources, and steam.

Supply Chain Management

Supplier Audits: Regular review and assessment; on-site review at major suppliers.

Responsible Procurement

• Sourcing raw materials only from qualified suppliers on a supplier list; evaluation and assessment criteria for new suppliers; removal of suppliers who fail to meet standards.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Appendix 27 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited

Certifications: ISO9001:2015, Oeko-Tex Standard 100, Global Recycled Standard 4.0

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Products customisation and enhancement
• Emissions reduction
• Water consumption control
• Chemical management
• People caring

Environmental Achievements

• Installed solar power panels, expected to generate approximately 3,396,000 Kilowatt hours per year.
• Replaced certain roots blowers by maglev turbo blowers and upgraded air compressors, expected to reduce electricity consumption of approximately 2,000,000 Kilowatt hours per year.
• Gradually introduced dyeing machines with lower liquor ratio, consuming less water resource and steam.
• Increased recycling of hot water for production use and enhanced energy saving of dye vats and boilers in Vietnam, expected to reduce liquefied petroleum gas consumption of over approximately 1,000 tonnes per year.

Social Achievements

• Established a multi-level ESG internal management structure.
• Maintained a monthly average employee turnover rate of approximately 3.5% in 2022.
• Provided various leadership and management training programs and on-the-job training.
• Set up “Love Support Foundation” to provide emergent financial support to staff members.

Governance Achievements

• Complied with relevant laws and regulations relating to bribery, extortion, fraud and money laundering.
• Implemented anti-corruption policies, rules and regulations, and a whistle-blowing mechanism.
• Provided anti-corruption trainings to directors and staff.

Climate Goals & Targets

Environmental Challenges

• Extreme weather events damaging operational facilities and disrupting supply chains.
• Increasingly stringent requirements for low-carbon environmental policies and regulations leading to increased investment costs.
• Failure to meet customer demand for environmentally friendly products resulting in revenue decline.
• Energy crisis in Sri Lanka forcing reliance on backup power generators.

Mitigation Strategies

• Set environmental targets for emissions and water consumption reduction.
• Established emergency measures to respond to extreme weather conditions.
• Constantly monitoring weather conditions and updating internal policies based on government guidelines.
• Implementing resource-saving campaigns to improve energy efficiency.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Sourcing raw materials from qualified suppliers on a suppliers’ list.
• Regular review and assessment of existing suppliers.
• On-site review at the premises of major suppliers.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather conditions (typhoons, rainstorms, floods)

Transition Risks

• Stringent low-carbon environmental policies and regulations
• Failure to meet customer demand for green products

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: TCFD

Certifications: ISO9001:2015, Oeko-Tex Standard 100, Global Recycled Standard 4.0

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed