Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Received the Wastewi$e Label of “Hong Kong Awards for Environmental Excellence” for 3 consecutive years (2013-2015) for energy saving and emission reduction.
• Adopted green initiatives in office areas, including recycling, energy, and water saving measures.

Social Achievements

• Received the Caring Company Logo from the Hong Kong Council of Social Services for four consecutive years.
• Complied with Hong Kong’s labour legislation, including the Employment Ordinance, the Employee Compensation Ordinance, the Occupational Safety and Health Ordinance, the Minimum Wage Ordinance and other relevant laws and regulations.
• Provided employees with benefits such as social insurance, statutory holidays, labour insurance and overtime allowance.

Governance Achievements

• Adopted the Model Code for Securities Transactions by Directors of Listed Issuers.
• Established the Audit, Remuneration and Nomination Committees.
• Complied with the principles and code provisions set out in the Corporate Governance Code, save for deviations from code provisions A.2.1, A.2.7 and F.1.2.

Climate Goals & Targets

Environmental Challenges

• Property market downturn in Hong Kong may materially and adversely affect the financial position, operations, businesses and prospects of the Group.
• Competitive environment in property investment business in Hong Kong.
• Changes in business and organizational structure in 2016.

Mitigation Strategies

• Streamlined workforce and outsourced property management functions.
• Appointed Chief Executive Officer to oversee operations without hiring additional full-time employees.
• Adjusted internal control and process management measures.
• Engaged PricewaterhouseCoopers as a consultant for risk management and internal control review.

Supply Chain Management

Supplier Audits: Examination and assessment of suppliers.

Responsible Procurement

• Developed Administrative Rules on Procurement and other systems to regulate procedures relating to bidding and business solicitation.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Appendix 27 of the Main Board Listing Rules of the Stock Exchange

Awards & Recognition

• Wastewi$e Label of “Hong Kong Awards for Environmental Excellence” (2013-2015)
• Caring Company Logo from the Hong Kong Council of Social Services (four consecutive years)

Environmental Metrics

ESG Focus Areas

• Corporate Governance
• Compliance with laws and regulations
• Integrity and Honesty
• Employment and Labour Practice
• Health and Safety
• Product Responsibility
• Environment
• Anti-corruption

Environmental Achievements

• Successfully granted the title and logo of the “Hong Kong Green Organisation”, received the “Energywi$e Certificate (Basic Level)” green certification.
• Reduced recyclable toner cartridges used by half compared to 2018.

Social Achievements

• Again acknowledged as a “Caring Company” for the year of 2019/20.
• Over 90% of employees received training with each employee receiving an average of 21.6 hours of training.

Governance Achievements

• Maintained a high standard of corporate governance.
• Established and implemented specific policies and procedures and internal controls for the handling and dissemination of inside information.

Climate Goals & Targets

Environmental Challenges

• Unrelenting trade disputes between China and the United States, unsettled local social political events and the recent outbreak of COVID-19 dampened investment sentiment in the financial market.
• Volatile financial market in 2019.
• Intense competition for competent personnel in the industry.
• Changes in local and international economic, political, social and legal environments and changes in Hong Kong’s fiscal and monetary policies.

Mitigation Strategies

• Fully leverage on the competitive edges of the Group to drive the performance of core businesses at a steady pace and actively seize investment opportunities prudently and thoroughly.
• Continue to explore and seize opportunities to develop its financial services segment.
• Hire and retain highly skilled employees with particular expertise or leadership capability.
• Employ an ERM framework to identify current and foreseeable risks at different levels of the organisation so as to take preventive actions to manage and mitigate their adverse impacts.

Supply Chain Management

Responsible Procurement

• Guidelines on Procurement, ensuring open, fair, just and honest selection of suppliers.

Climate-Related Risks & Opportunities

Awards & Recognition

• Caring Company (2019/20)
• Hong Kong Green Organisation

Environmental Metrics

ESG Focus Areas

• Green Office
• Employee Well-being
• Compliance
• Supply Chain Management
• Community Engagement

Environmental Achievements

• Consecutively granted the title and logo of the “Hong Kong Green Organisation”, awarded the “Hong Kong Green Organisation Certification – Energy Saving” and “Hong Kong Green Organisation Certification – Waste Reduction”

Social Achievements

• Actively involved in community welfare projects, donated HK$10,000 to charity, organised staff volunteering activities and distributed lucky bags to low-income families.
• Maintained a female-to-male ratio of 1.33:1 among employees.

Governance Achievements

• Established and implemented a comprehensive set of anti-bribery and corruption policies.
• Established an ESG Working Group to assist, guide and monitor the progress of the ESG objectives.

Climate Goals & Targets

Environmental Challenges

• Regulatory compliance risks in handling connected transactions, notifiable transactions and managing the disclosure of inside information.
• Competition for competent personnel in the financial services industry.
• Risks related to strategic planning and reputation.
• Financial and regulatory reporting risks.
• Risks pertaining to investment properties due to the uncertain recovery of the Hong Kong property market.

Mitigation Strategies

• Operating a “Three Lines of Defence” risk governance model.
• Established an organisation structure to address recent business changes and relevant regulatory requirements.
• Leveraging the solid foundation, strengths and reputation of GWAMCC.
• Implementing robust internal control and risk management systems.
• Diversifying its portfolio of investment properties.
• Engaging an external valuer for investment property valuation.

Supply Chain Management

Supplier Audits: Annual supplier appraisals for product and service providers.

Responsible Procurement

• Guideline setting for all service providers.
• Green Procurement Policy prioritizing refillable toner and ink cartridges and energy-efficient equipment.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Reporting Standards

Frameworks Used: ESG Reporting Guide under Appendix 27 of the Main Board Listing Rules

Certifications: Hong Kong Green Organisation, Hong Kong Green Organisation Certification – Energy Saving, Hong Kong Green Organisation Certification – Waste Reduction

Awards & Recognition

• Hong Kong Green Organisation
• Hong Kong Green Organisation Certification – Energy Saving
• Hong Kong Green Organisation Certification – Waste Reduction
• Caring Company 5 Years Plus