Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Management
• Employee Relations
• Integrity
• Health and Safety
• Supply Chain Management
• Community Investment

Environmental Achievements

• Established environmental monitoring and measurement procedures to assess environmental performance on emissions, noise level, water quality, waste generated, and energy usage.
• Shenzhen and Indonesia production factories are ISO 14001 and ISO 9001 certified.
• Gas-fired engines represent 81% of total installed capacities of DPG stations (cleaner fuel).

Social Achievements

• Compiled a Group Staff Handbook outlining Code of Conduct, leave benefits, reward and disciplinary actions, and employee welfare.
• Established effective communication channels to maintain harmonious relationships with employees.
• No cases relating to corrupt practices, infringement of intellectual property rights, or data leakage in 2017.
• Shenzhen factory and Indonesia operations are OHSAS 18001 certified.
• 2,469 training hours for outsourced service workers.
• No working days lost to occupational injury or illness in 2017.

Governance Achievements

• Robust corporate governance with effective internal controls and risk management frameworks.
• Formulated policies on business ethics and conducted yearly on-site internal audits.
• Board of Directors oversees ESG performance and implementation of policies.

Climate Goals & Targets

Environmental Challenges

• Minimising air pollutant emissions from power generation.
• Managing variances in local environmental and social regulatory requirements in emerging markets.
• Ensuring the health and safety of staff and outsourced service workers.

Mitigation Strategies

• Established operational controls and procedures in Shenzhen factory to comply with air pollutant emission standards.
• Implemented consistent ESG management approach in IBO business.
• Implemented a risk management system to identify potential operational risks, OHSAS 18001 certification, safety handbooks, training programs, and safety drills.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supply Chain Management Policy, preference for energy-efficient equipment, seeking suppliers with ISO 14000 certificates, requirements for supplier adherence to labor standards.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: The Stock Exchange of Hong Kong’s ESG Reporting Guide

Certifications: ISO 14001, ISO 9001, OHSAS 18001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Combined heat and power gas-fired generation system.

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Carbon neutrality

Environmental Achievements

• Actively promotes the use of natural gas, biogas and renewables in replacement of coal and diesel in power generation
• Closely monitors the operational efficiency of its gen-sets and adopts green technologies such as waste-to-energy solutions and selective catalytic reduction system so as to control the emissions from operation
• Set a long-term target of carbon neutrality by 2050

Social Achievements

• Maintained close communication with stakeholders in the spirit of achieving a mutually beneficial and win-win situation
• Provided internal and external training (e.g. orientation training, on-the-job training, product training and site safety training) to enrich the knowledge and skills of our employees

Governance Achievements

• Optimised the organisational structure by centralising high level decision making and resource allocation, and decentralising daily operations management and business development
• Established a whistleblowing policy and system with effect from April 2022
• Updated group anti-bribery and corruption policy in November 2022

Climate Goals & Targets

Environmental Challenges

• Economic crisis and the aftermath of COVID-19, coupled with escalated geopolitical conflicts
• Mounting inflation and surging interest rates which resulted in a notable increase in operating costs
• Difficult local economy in Myanmar
• Volatility and fluctuations of gas and diesel supplies and prices
• Significant competition in gas-fired DPG industry and broader power generation industry
• Tightened financial conditions and hiking interest rates

Mitigation Strategies

• Cost control and procurement plan adjustments
• Refined the organisational structure and enhanced the administrative expense management
• Gradually reducing our market exposure in Myanmar
• Actively exploring potential markets for natural gas and associated gas-fired power generation
• Strengthening its treasury management by closely monitoring the debt profile, interest coverage ratio and compliance with financial covenants
• Exploring other equity and debt financing arrangements to balance the financial position
• Hedging, treasury and capital management policies in place to manage our foreign currency exposures
• Strengthening our billing and collection process
• Working closely with suppliers on the settlement of trade and other payables
• Environmental management policy with monitoring and reporting mechanisms in place to ensure compliance with relevant environmental regulations
• Continuously upgrade our power solutions and expand our product lines
• Developing fuel flexible gas gen-sets to operate on a blend of hydrogen and natural gas

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events, such as typhoons and floods
• Supply chain disruption and business and operation interruption

Opportunities

• Exploring the uses of renewable energy
• Waste management
• Recycling practices
• Strengthening hazard management

Sustainable Products & Innovation

• Waste-to-energy solutions
• Fuel flexible gas gen-sets