Climate Change Data

Environmental Metrics

ESG Focus Areas

• Emission Control
• Non-Hazardous Waste Management
• Hazardous Waste Management
• Resource Consumption
• Remuneration and Benefits of Employees
• Recruitment, Promotion and Dismissal
• Equal Opportunities, Diversity and Anti-discrimination
• Internal Safety Control
• Kitchen Safety
• Training and Development
• Prevent Child Labour and Forced Labour
• Environmental and Social Risk Management of Suppliers
• Food Safety
• Collection, Storage and Dispensation of Chemicals
• Customer Service and Privacy Protection
• Anti-corruption
• Corporate Social Responsibility

Environmental Achievements

• Implemented initiatives to reduce air emission and GHG emission, including the use of electrical kitchen appliances.
• Developed tips on food preparation and storage guidelines to reduce food waste.
• Promoted waste reduction through paper recycling and a paperless working environment.
• Implemented energy conservation measures, such as upgrading lighting and air-conditioning systems and promoting efficient water use.

Social Achievements

• Established a fair and competitive remuneration system, including fixed salaries, performance annual bonuses, and social insurance benefits.
• Implemented a share option scheme to incentivize employees.
• Implemented a fair and open appraisal system to assess employee performance and provide opportunities for promotion.
• Provided comprehensive professional training programs for employees on issues that may arise in daily operations.
• Established a stringent and standardized procurement system and a systematic selection process for suppliers to ensure supplier’s product responsibility and quality of raw materials.
• Adopted a comprehensive complaining mechanism to handle customer complaints.

Governance Achievements

• Adopted a board diversity policy.
• Adopted a nomination policy.
• Established a dividend policy.
• Established three Board committees: Audit Committee, Nomination Committee, and Remuneration Committee.
• Implemented stringent security protocols and fire and explosive protection procedures in elderly residential care homes.

Climate Goals & Targets

Environmental Challenges

• Difficulties in recruiting frontline staff due to the overall social environment in Hong Kong.
• Potential increase in rents of certain elderly residential care homes due to expiration of relevant tenancies.
• Vigorous competition from government-subsidized elderly residential care homes for skilled and experienced labor.

Mitigation Strategies

• Actively developing its own elderly residential care homes.
• Targeting elderly residents who were previous customers of closed elderly residential care homes.
• Continuously identifying suitable elderly residential care homes for acquisition.

Supply Chain Management

Responsible Procurement

• Qualification, production inspection, and annual review and re-evaluation of suppliers.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ESG Reporting Guide (Appendix 20 to the Rules Governing the Listing of Securities on GEM)

Environmental Metrics

ESG Focus Areas

• Emission Control
• Supply Chain Management
• Climate Change
• Waste Management
• Corporate Social Responsibility
• Human Resources Management
• Food Safety
• Customer Service and Data Privacy
• Safety Management and Operation
• Anti-corruption
• Training and Development Management
• Resource Consumption

Environmental Achievements

• Reduced total GHG emissions intensity (tCO2e/employee) by approximately 37.37%
• Reduced total non-hazardous waste intensity (tonnes/employee) by approximately 15.72%
• Reduced total energy consumption intensity (MWh/employee) by approximately 13.44%
• Reduced total water consumption intensity (m3/employee) by approximately 10.87%

Social Achievements

• Established a fair and open appraisal system and supervision mechanism to assess the performance of employees in every quarter, and provided opportunities for promotion and development according to the employees’ appraisal result.
• Implemented a fair and open appraisal system and supervision mechanism to assess the performance of employees in every quarter, and provided opportunities for promotion and development according to the employees’ appraisal result.
• Provided various benefits to all employees, such as long service payments, retirement benefit, social and medical insurance, annual leave, sick leave, maternity leave, compensation leaves and other allowances.
• Implemented the Mandatory Provident Fund (“MPF”) system in accordance with the Hong Kong legislations.
• 97.60% of the Group’s employees had participated in a total of 216 training sessions, with an average training hours per employee of 3.39 hours.

Governance Achievements

• Adopted and complied with the code provisions of the Corporate Governance Code (the “CG Code”) as set out in Appendix 15 to the GEM Listing Rules.
• Established an audit committee (the “Audit Committee”) with written terms of reference in compliance with the CG Code.
• Established a remuneration committee (the “Remuneration Committee”) with written terms of reference in compliance with the CG Code.
• Implemented the Whistleblowing Policy and Anti-Corruption Policy.

Climate Goals & Targets

Environmental Challenges

• Decreasing revenue due to the fifth wave of COVID-19 and the subsequent shutdown of the quarantine center.
• Decrease in average occupancy rates of elderly residential care homes due to the COVID-19 pandemic.
• Inconsistency in the use of properties by Shui Jun Nursing Centre (Yau Tong) Company Limited, constituting a breach of government lease.

Mitigation Strategies

• Established a backend support team to provide assistance in human resources and emergency supplies in case of emergencies in elderly residential care homes.
• Implemented cost control measures to optimise existing resources and strengthen staff training.
• Prepared a relocation plan for Shui Jun Nursing Centre (Yau Tong) Company Limited and considered potential relocation or disposal of the facility.

Supply Chain Management

Supplier Audits: 71 major suppliers in Hong Kong

Responsible Procurement

• Qualifications check
• Production inspection
• Annual review and re-evaluation

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes related to climate change

Reporting Standards

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

Environmental Metrics

ESG Focus Areas

• Emissions control
• Waste management
• Resource consumption
• Climate change
• Human resource management
• Safety management and operation
• Training and development management
• Supply chain management
• Food safety
• Drug management
• Customer service and data privacy
• Anti-corruption
• Corporate social responsibility

Environmental Achievements

• Replaced lighting equipment in elderly residential care homes with LED lighting
• Joined the Electrical Equipment Upgrade Scheme organised by CLP Holdings Limited

Social Achievements

• Established a fair, reasonable and competitive remuneration system for paying employees
• Implemented a fair and open appraisal system and supervision mechanism to assess the performance of employees
• Provided various benefits to all employees, such as long service payments, retirement benefit, social and medical insurance, annual leave, sick leave, maternity leave, compensation leaves and other allowances
• Implemented the Mandatory Provident Fund (“MPF”) system
• Formulated the Employee Handbook and the operating mechanisms for administrative and human resources systems to provide employees a healthy and positive working atmosphere

Governance Achievements

• Adopted and complied with the code provisions of the Corporate Governance Code
• Established an ESG governance structure to guarantee that it is consistent with the Group’s business strategy and integrates ESG management into the Group’s business operations and decision-making process
• Established an ESG Task Force to assist the Board in the oversight and management of ESG matters
• Implemented Whistleblowing Policy and Anti-Corruption Policy

Climate Goals & Targets

Environmental Challenges

• Rising costs such as rental and salaries
• Rental of elderly residential care homes rocketing
• Very stringent conditions for obtaining an operating licence such as the multiplied start-up costs
• Increments in salary costs are far higher than the inflation rate
• Climate change causing more frequent and severe extreme weather events
• Higher compliance costs due to climate-related legislations

Mitigation Strategies

• Optimise existing resources, strengthen staff training, and save costs through cost control measures
• Strengthen infrastructural projects such as staff training, repair and maintenance and upgrading of residential facilities
• Formulated emergency measures in advance to deal with extreme weather caused by climate change
• Standardised operating procedures under tropical cyclone warnings and bad weather conditions
• Monitor existing and emerging trends, policies and regulations related to climate change regularly
• Actively promotes effective use of resources and energy, and has set targets to reduce energy consumption and greenhouse gas emissions

Supply Chain Management

Supplier Audits: 125 major suppliers/year

Responsible Procurement

• The Group conducts regular supplier performance reviews and assessment, proposes improvement plans as needed, committed to building good working relationships with suppliers and maintaining the quality of supply chain and products.

Climate-Related Risks & Opportunities

Physical Risks

• extreme weather events

Transition Risks

• climate-related legislations

Reporting Standards

Frameworks Used: ESG Reporting Guide