SHAREHOPE MEDICINE CO .﹐LTD.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:89.4 tCO2e/year
Water Consumption:672 m3/year
Waste Generated:2.29 tons/year
Carbon Intensity:0.0386 metric tons CO2e/million yuan
ESG Focus Areas
- Environmental Protection
- Labor-Management Relations
- Corporate Governance
Environmental Achievements
- Reduced CO2 emissions by 16.2 metric tons from 105.6 metric tons in 2022 to 89.4 metric tons in 2023 (primarily due to decreased electricity charges).
Social Achievements
- Implemented various employee welfare measures, including marriage, childbirth, funeral subsidies, scholarships, hospitalization condolences, birthday gifts, employee travel, year-end annual meetings, celebrations, and three festivals.
- Provided free annual employee health examinations and annual flu vaccinations.
Governance Achievements
- Established an audit committee in 2018.
- Revised the Company Governance Code in 2023.
- Conducted a board performance evaluation in 2023 with the assistance of the China Corporate Governance Association.
Climate Goals & Targets
Short-term Goals:
- Reduce greenhouse gas emissions, water consumption, and waste production by another 5% by the end of 2025 (compared to 2020).
Environmental Challenges
- Reduction in business demand related to the epidemic.
- Changes in drug and health insurance prices and related subsidy policies.
- Fierce price-cutting competition in the pharmaceutical market.
- Changes in national health examination laws and restrictions on health insurance benefits.
- Pressure from clients to lower leasing interest requirements for medical equipment.
- Potential competitors entering the market.
Mitigation Strategies
- Streamlining organizational operations for businesses with insufficient synergy.
- Renegotiating supply prices with suppliers when health insurance drug prices are adjusted.
- Providing custody services for pharmaceutical departments of medical institutions to expand bidding capabilities.
- Achieving economies of scale to obtain the lowest supply price.
- Strengthening professional medical and engineering services for medical equipment leasing.
- Planning and building an e-commerce platform for medical equipment.
- Seizing market share of joint procurement and strengthening connections with clients.
Supply Chain Management
Supplier Audits: 531 suppliers signed a letter of commitment to operating with integrity by 2023
Responsible Procurement
- Requiring suppliers to sign a letter of commitment to operating with integrity.
- Prioritizing suppliers who comply with environmental protection, safety, and health regulations.