Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Protection
• Employee Development and Training
• Health & Safety
• Customer Data Privacy
• Anti-corruption

Environmental Achievements

• Reduced clinical waste generation to approximately 40.5 kg (intensity 20.25kg per location) from 59kg (intensity 30kg per location) in 2018.
• Achieved 100% recycling rate of ink and toner cartridges.
• Upgraded lighting in Medicskin Centres to energy-saving LED lights (90% of total).

Social Achievements

• Organized 47 training programs for employees.
• Implemented flexible work-hour arrangements.
• Offered competitive compensation and benefits packages including year-end bonuses, free skincare products, and education sponsorship.

Governance Achievements

• Complied with the Corporate Governance Code.
• Established three board committees: Audit, Remuneration, and Nomination.
• Implemented policies and procedures for handling equipment, needle sticks, sharp objects, and medical waste.

Climate Goals & Targets

Environmental Challenges

• Intense competition in the medical skin care industry.
• Decrease in the number of clients served and client visits due to competition.
• Softening in private spending due to the US-China Trade War.

Mitigation Strategies

• Exploring and launching new services and products.
• Growing the presence of existing businesses and identifying new business opportunities.
• Maintaining a reputation for trustworthy, reliable, and quality service provision.
• Keeping abreast of the latest industry knowledge and technology.

Supply Chain Management

Responsible Procurement

• Selecting suitable pharmaceutical products and medicine, skincare products and treatment consumables; selecting reliable and quality suppliers; continuously evaluating the performance of its suppliers; assessing suppliers by background, qualification, quality control of service, past performance and fulfillment of contract.

Climate-Related Risks & Opportunities

Reporting Standards

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

Environmental Metrics

ESG Focus Areas

• Environmental Protection
• Employee Well-being
• Supply Chain Management
• Data Protection and Privacy
• Anti-corruption

Environmental Achievements

• Upgraded lighting in centers to energy-saving LED lights
• Encouraged use of electronic documents, double-sided printing, and recycled paper
• Implemented water-saving policies

Social Achievements

• Competitive compensation and benefits packages for employees
• Regular performance assessments for employees
• Flexible work-hour arrangements
• Social activities to foster a sense of belonging
• Regular employee training on operational safety and emergency handling
• Compliance with all applicable employment and labor laws

Governance Achievements

• Established an ESG management structure
• Adopted a Code of Conduct Policy
• Implemented policies and procedures for waste treatment
• Complied with all applicable laws and regulations

Climate Goals & Targets

Environmental Challenges

• Decreased number of clients and visits due to the COVID-19 outbreak
• High operating costs from rental expenses, staff costs, and inventory costs
• Intense competition in the industry
• Potential impact from the COVID-19 pandemic

Mitigation Strategies

• Providing consultation services through video conferencing
• Offering delivery services for skincare and medical products
• Exploring and launching new services and products
• Maximising revenue and improving operating efficiency
• Electricity conservation and energy-saving measures
• Water-saving policies
• Waste reduction, reuse, and recycling initiatives

Supply Chain Management

Responsible Procurement

• Policies and procedures for selecting suitable pharmaceutical products, medicine, skincare products, and treatment consumables
• Selecting reliable and quality suppliers
• Continuous evaluation of supplier performance

Climate-Related Risks & Opportunities

Reporting Standards

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

Environmental Metrics

ESG Focus Areas

• Environmental Protection
• Employee Well-being
• Compliance
• Data Privacy
• Supply Chain Management

Environmental Achievements

• Upgraded lighting in Medicskin Centres and back office to energy-saving LED lights
• Implemented paper saving measures (recycling, duplex printing, etc.)
• Reduced clinical waste from 48kg to 42kg per employee

Social Achievements

• Offered competitive compensation and benefits packages to employees
• Provided staff training with a total of 221.5 hours
• Implemented policies and procedures for handling equipment and medical waste to ensure employee safety
• Complied with all applicable employment and labor-related laws and regulations of Hong Kong

Governance Achievements

• Established an ESG management structure
• Complied with all applicable laws and regulations
• Maintained a good and long-term relationship with selected suppliers

Climate Goals & Targets

Environmental Challenges

• Adverse impact from the COVID-19 pandemic, including decreased number of clients and visits
• Intense competition in the medical skin care industry
• Potential regulatory changes affecting skin care procedures
• Dependence on skilled medical practitioners and skin care professionals

Mitigation Strategies

• Implemented cost-effective measures, including redeployment of manpower and stringent control on operating costs
• Provided online consultation services and offered delivery services for skincare and medical products
• Continuously performed market research and evaluated the latest products, skills, and treatment devices and technology
• Complied with all relevant laws and regulations regarding environmental protection, health and safety, workplace conditions, and employment

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Policies and procedures for selecting suitable suppliers, evaluating their performance (background, qualification, quality control, past performance, contract fulfillment)

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

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

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental Protection
• Health and Safety
• Employee Development and Training
• Supply Chain Management
• Employment Practices
• Product Safety, Quality and Data Privacy
• Anti-corruption

Environmental Achievements

• Reduced non-hazardous waste generation to 4.19 tonnes (2021: 3.87 tonnes) with an intensity of 85.33 kg/million HK$ of total revenue (2021: 92.8 kg/million HK$ of total revenue).
• Upgraded lighting to energy-saving LED lights in Medicskin Centres and back office.
• Implemented various electricity conservation and energy saving measures.

Social Achievements

• Provided staff training with a total of 171.5 hours (2021: 221.5 hours).
• Offered competitive compensation and benefits packages, including year-end bonuses, free skincare products, and education sponsorship.
• Maintained a 27:73 ratio of women to men in the workplace.

Governance Achievements

• Established a Code of Conduct Policy outlining expectations for employee conduct.
• Implemented policies and procedures for selecting reliable and quality suppliers.
• Complied with all applicable employment and labour related laws and regulations of Hong Kong and the PRC.

Climate Goals & Targets

Environmental Challenges

• The large-scale outbreak of the fifth wave of the COVID-19 pandemic in the first quarter of 2022 negatively impacted business operations.
• Intense competition in the medical skin care industry.
• Uncertainties and challenges of the COVID-19 pandemic.

Mitigation Strategies

• Continuously improved online consultation services and e-commerce platform.
• Offered delivery services for skincare and medical products.
• Adopted more stringent control on operating costs.
• Implemented preventive measures to promote a safe and hygienic environment in skincare centers.
• Required all staff to undergo rapid antigen tests before entering Group’s centers or offices.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Policies and procedures for selecting suitable pharmaceutical products, medicine, skincare products and treatment consumables, as well as selecting reliable and quality suppliers.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events may negatively impact daily operations.

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GEM Listing Rules, ESG Reporting Guide

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Product Safety, Quality and Data Privacy
• Anti-Corruption
• Health and Safety
• Supply Chain Management
• Employment

Environmental Achievements

• Upgraded lighting from traditional lighting to energy-saving LED lights
• Implemented paper saving measures (duplex printing, using both sides of paper, etc.)

Social Achievements

• Provided staff training with a total of 235 hours
• Implemented flexible work-hour arrangements for employees
• Offered additional compensation and benefits (paid leaves, group life insurance, year-end bonus, etc.)

Governance Achievements

• Facilitated a 2-hour anti-corruption training for over 40% of the total staff
• Established a Whistleblowing Policy

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impact on business operations
• Intense competition in the market
• Rising operating costs
• Climate change risks (supply chain disruptions, increased costs)

Mitigation Strategies

• Improved online consultation services and e-commerce platform
• Offered delivery services for skincare and medical products
• Adopted more stringent control on operating costs
• Implemented energy efficiency initiatives (regulating room temperature, cleaning air-conditioning systems, etc.)
• Engaged internal and external stakeholders to identify innovative ideas and ensure a collaborative approach to incorporate ESG principles
• Encouraged suppliers to adopt environmentally friendly practices

Supply Chain Management

Responsible Procurement

• Selecting reliable and quality suppliers
• Evaluating supplier performance (background, qualification, quality control, past performance, etc.)
• Preference given to suppliers providing environmentally preferable products and services

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Supply chain disruptions

Transition Risks

• Increased procurement expenditures on energy-saving equipment
• Implementation of tightened environmental laws
• Decreased revenue due to higher environmental requirements of clients
• Loss of market share

Reporting Standards

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