Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Protection
• Our People
• Operating Practices
• Community Involvement

Environmental Achievements

• Net CO2 absorbed by New Zealand plantations estimated at 7.2 million tonnes in a full 28-year rotation cycle.
• Adoption of CELOS harvesting system (CHS) in Suriname to minimize logging damage and improve efficiency.

Social Achievements

• Maintained a good and safe working environment with no government penalties or litigation related to employee health and safety.
• Donated approximately HK$27,000 to different charity organizations.
• Employee participation in community projects, including a charity sale raising HK$1,435.

Governance Achievements

• Formulated and strictly enforced anti-money laundering and counter-terrorist financing policy.
• Established whistleblowing policy to address misconduct and malpractice.
• Provided anti-corruption training to the Board.

Climate Goals & Targets

Environmental Challenges

• Extreme weather conditions (heavy rainfall in Suriname, heat waves in New Zealand) impacting operations and employee safety.
• Wood waste management in Suriname (60% waste from sawmill).

Mitigation Strategies

• Contingency plans for extreme weather events.
• Exploring options for wood waste utilization (bio-energy, charcoal, artistic furniture).
• Refitting of wood-based bio-energy plant in West Suriname (pending review).

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• open and fair competition, prioritizing environment-friendly providers and local suppliers, confidentiality agreements, formal agreements with sustainability requirements.

Climate-Related Risks & Opportunities

Physical Risks

• extreme weather conditions (heavy rainfall, heat waves, wildfires)

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: “Environmental, Social and Governance Reporting Guide” (Appendix 27 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited)

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• “Caring Company” Logo (Hong Kong Council of Social Service)

Environmental Metrics

ESG Focus Areas

• Environmental Protection
• Our People
• Operating Practices
• Community Involvement

Environmental Achievements

• New Zealand forests captured approximately 7.1 million tonnes of CO2 through carbon sequestration (after netting CO2 released from residual roots and branches).
• Implemented CELOS harvesting system in Suriname to minimize logging damage and improve efficiency.
• Reduced CO2 emissions from harvesting and sales activities in New Zealand (10,895 tonnes in 2023 vs 19,637 tonnes in 2022) and Suriname (3,379 tonnes in 2023 vs 3,550 tonnes in 2022).

Social Achievements

• Employee turnover rate of 7.46% in 2023.
• No non-compliance related to employment during 2023.
• Provided insurance covering illness and accidents to eligible employees.
• Implemented a new safety management system in New Zealand to assist contractors and employees in managing workplace risks.
• Organized various occupational safety talks for workers in Suriname in cooperation with institutions like the Red Cross.

Governance Achievements

• Formulated and strictly enforced anti-money laundering and counter-terrorist financing policy.
• Established whistleblowing policy to provide a confidential platform for employees to raise concerns about misconduct.
• Provided anti-corruption training to the Board.

Climate Goals & Targets

Environmental Challenges

• Tropical Cyclone Gabrielle in New Zealand caused catastrophic flooding and landslides affecting operations.
• Heavy rainfall in Suriname may slow down harvesting activity and disrupt inland logistics.
• Heat waves may increase wildfire risks.

Mitigation Strategies

• Developed contingency plans to cope with extreme weather.
• Remedial work undertaken to clean up debris from Cyclone Gabrielle.
• Replanting of affected areas in New Zealand to start within 18 months.
• Regular monitoring of weather conditions and taking necessary actions to mitigate impact.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Open and fair competition, prioritising suppliers with environmentally friendly products and social responsibility, supporting local economies.

Climate-Related Risks & Opportunities

Physical Risks

• extreme weather, wildfires, flooding, landslides

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: “Environmental, Social and Governance Reporting Guide” (Appendix C2 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited)

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• “Caring Company” Logo (Hong Kong Council of Social Service)