Miramar Hotel and Investment Company, Limited

Climate Impact & Sustainability Data (2023)

Total Carbon Emissions:22,813.19 tCO2e/year (Scope 1&2)

Scope 1 Emissions:7,181.069 tCO2e/year

Scope 2 Emissions:15,632.126 tCO2e/year

Total Energy Consumption:35,271 MWh/year

Water Consumption:465,556 m3/year

Waste Generated:160 tons/year (food waste)

Completed chiller plant conversion project at Mira Place 1 and Mira Place Tower A, achieving over 9 million kWh electricity consumption saving.
Processed over 126 tons of food waste using a food waste eliminator at Mira Place.
Diverted over 50 tons of food waste to O·PARK1 for resource transformation.
Collected and converted over 16 tons of cooking oil into renewable fuel.
Donated over 200 pieces of computer equipment to Caritas Computer Workshop.

Launched the ‘Rén Internship Program’ providing six-week summer internships to students from the Hong Kong Students Aid Society.
Launched the MIRAcle Young Star Program in collaboration with the YMCA College of Careers, providing a 2+1-year training and fast-tracked career development program.
Organized the Gimme LiVe Music Festival 2023, featuring 20 local singers.
Co-organized the “FASHION THE FUTURE” Upcycling Fashion Design Competition to promote sustainable development in the fashion industry.
Launched the Local Heroes Campaign at Mira Moon Hotel, partnering with local startups and entrepreneurs.

Formed two governance teams: the “ESG Working Group” and the “Hazard Analysis and Critical Control Points (HACCP)” Team.
Established a robust risk management system to identify and assess environmental and social risks in the supply chain.
Implemented a Sustainable Procurement Policy and Supplier Code of Conduct.
Maintained a dedicated Quality Assurance Department to ensure food safety and quality.
Implemented a whistleblowing policy and procedures for employees to report any malpractices.

Passenger volume of Hong Kong’s aviation industry only recovered to 80% of the pre-pandemic level by the end of 2023.
Cross-border coach services in the Pearl River Delta only recovered by 30% to 50%.
Extreme weather events potentially disrupting the Group’s supply chain.
Cybersecurity threats affecting business operations and data security.
Potential reputational risks from actions deviating from market expectations.

Shifted marketing focus to medium- and long-haul mainland visitors using the high-speed rail.
Launched sales initiatives targeting IVS travelers and high-speed rail passengers.
Developed a dedicated food procurement team to work with kitchens and suppliers, sourcing globally to diversify the supply chain.
Implemented and continuously improved security measures, engaging external professionals.
Established a crisis management group to mitigate reputational risks.

Supplier Audits: Regular food safety assessments conducted by the Quality Assurance Department.

Comprehensive vendor-selection system including prequalification, competitive quotation and tendering processes.
Sustainable Procurement Policy governing procurement decisions.
Supplier Code of Conduct covering ESG criteria.

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

Certifications: ISO 9001, ISO 14001, ISO 50001

Third-party Assurance: KPMG Certified Public Accountants