G.H.Y Culture & Media Holding Co., Limited
Climate Impact & Sustainability Data (2021)
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Youth development
- Equitable education
- Social relief
- Employee development and training
- Positive working environment
Social Achievements
- Collaborated with IMDA on "The Story Lab Apprenticeship" program, providing structured training in scriptwriting, directing, and producing, including overseas production shoot visits.
- Invited NYP students to work on productions, providing hands-on experience in visual effects.
- Provided book vouchers to children from less privileged backgrounds through collaborations with registered charities.
- Launched scholarship programs for Nanyang Polytechnic.
- Participated in SGX Cares Bull Charge 2021 to raise funds for beneficiaries.
- Made direct contributions to HCA Hospice Care and the North East Growth Fund.
- Donated items to flood-affected communities in Zhengzhou.
Governance Achievements
- Aligned corporate governance framework with the Code of Corporate Governance 2018.
Climate Goals & Targets
Environmental Challenges
- COVID-19 pandemic significantly impacted business, resulting in a decline in profits.
- COVID-related government regulations and safety measures increased operating costs.
- Postponement of concerts due to pandemic restrictions.
- Production delays due to COVID-19.
- Relocation of filming activities from Malaysia to China due to COVID-19, resulting in duplicate costs.
Mitigation Strategies
- Disciplined cost management measures.
- Cautious optimism for concert resumption with compliance to local COVID-19 measures.
- Exploring partnership opportunities for virtual concerts using AR/VR technologies.
- Investing in special effects and 5G content technology.
- Exploring new growth adjacencies in short-form video and interactive series.
- Regular cost reviews to optimize margins in the new COVID-19 working environment.
- Awarded Film in Malaysia Incentive Plus Grant to defray production costs for "Sisterhood".