Appendices

Performance Data

Environmental Data

Energy Consumption1

Purchased electricity

MWh

FY2022/23

100,931.65

FY2021/22

103,701.63

FY2020/21

109,316.12

Towngas

MWh

FY2022/23

5,419.11

FY2021/22

4,902.00

FY2020/21

4,694.10

Petrol

MWh

FY2022/23

597.282

FY2021/22

325.72

FY2020/21

317.75

Diesel

MWh

FY2022/23

62.702

FY2021/22

1.26

FY2020/21

16.23

Total energy consumption

MWh

FY2022/23

107,010.74

FY2021/22

108,930.61

FY2020/21

114,364.20

Energy intensity

kWh / m2

FY2022/23

123.553

FY2021/22

128.89

FY2020/21

131.59

Carbon Emissions4

Direct carbon emissions (Scope 1)5

tCO2e

FY2022/23

1,293.63

FY2021/22

1,076.68

FY2020/21

1,068.03

Indirect carbon emissions (Scope 2)6

tCO2e

FY2022/23

47,785.81

FY2021/22

49,177.06

FY2020/21

50,697.10

Total carbon emissions
(Scope 1 & 2)

tCO2e

FY2022/23

49,079.44

FY2021/22

50,253.74

FY2020/21

51,765.13

Carbon emissions intensity (Scope 1 & 2)

tCO2e / m2

FY2022/23

0.057

FY2021/22

0.059

FY2020/21

0.060

Air Emissions7

Sulphur oxides

kg

FY2022/23

1.392

FY2021/22

0.834

FY2020/21

0.844

Nitrogen oxides

kg

FY2022/23

301.932

FY2021/22

87.68

FY2020/21

88.06

Particulate Matter

kg

FY2022/23

20.472

FY2021/22

1.26

FY2020/21

1.62

Water Consumption and Wasterwater Discharged

Total water usage

m3

FY2022/23

521,021.79

FY2021/22

544,853.57

FY2020/21

571,896.93

Water intensity

m3 / m2

FY2022/23

0.6028

FY2021/22

0.645

FY2020/21

0.658

Wastewater discharged9

m3

FY2022/23

497,518.65

FY2021/22

518,646.09

FY2020/21

542,374.40

Waste Disposed

Non-hazardous waste disposed10

tonnes

FY2022/23

23,969.4211

FY2021/22

18,723,76

FY2020/21

12,352.37

Non-hazardous waste disposal intensity

tonnes / m2

FY2022/23

0.028

FY2021/22

0.022

FY2020/21

0.014

Waste Diverted From Disposal
Non-hazardous Waste

Food waste

tonnes

FY2022/23

120.5212

FY2021/22

91.35

FY2020/21

40.12

Cooking oil to biodiesel13

tonnes

FY2022/23

6.26

FY2021/22

-

FY2020/21

-

Glass

tonnes

FY2022/23

16.24

FY2021/22

18.05

FY2020/21

18.29

Metal / Aluminium

tonnes

FY2022/23

2.37

FY2021/22

6.84

FY2020/21

2.95

Paper

tonnes

FY2022/23

345.92

FY2021/22

476.66

FY2020/21

338.31

Plastics

tonnes

FY2022/23

21.31

FY2021/22

6.66

FY2020/21

8.54

Total non-hazardous waste diverted from disposal

tonnes

FY2022/23

512.62

FY2021/22

599.56

FY2020/21

408.21

Non-hazardous waste recycling intensity

kg / m2

FY2022/23

0.592

FY2021/22

0.625

FY2020/21

0.417

Waste Diverted From Disposal
Hazardous Waste14

Battery

kg

FY2022/23

58.16

FY2021/22

-

FY2020/21

-

Lighting tube

kg

FY2022/23

314.57

FY2021/22

-

FY2020/21

-

Cartridge

kg

FY2022/23

1,705.40

FY2021/22

-

FY2020/21

-

Waste Electrical and Electronic Equipment (“WEEE”)15

kg

FY2022/23

4,159.50

FY2021/22

-

FY2020/21

-

pieces

FY2022/23

1,134.50

FY2021/22

-

FY2020/21

-

Compliance with Relevant Environmental Regulations

We have been strictly complying with any local or overseas regulations related to air and greenhouse gas emissions, discharges into water and land, and generation of hazardous and non-hazardous waste that significantly impacted our business operation. These regulations include, but not limited to, the Air Pollution Control Ordinance, Water Pollution Control Ordinance and Waste Disposal Ordinance. The Group was not aware of any violations of nor non-compliance with any of the relevant regulations within our operation. We will continue to closely monitor and follow any new changes in relevant laws and regulations, and adjust swiftly and accordingly.

Notes:

  1. Energy conversion factors of different fuel types are referenced from “How to prepare an ESG Report - Appendix 2: Reporting Guidance on Environmental KPIs” published by HKEX.
  2. Optimised data collection of vehicle usage resulted in higher reported consumption of petrol and diesel fuel, as well as air emissions.
  3. In FY2022/23, the annual energy intensity of properties that were fully owned and managed by the Group was 78.55 kWh/m2 and that of hotels were fully owned and managed by the Group was 254.29 kWh/m2, representing a reduction of 8.1% and 14.1% respectively compared to FY2020/21.
  4. GHG emissions are calculated based on “Guidelines to Account for and Report on Greenhouse Gas Emissions and Removals for Buildings (Commercial, Residential or Institutional Purposes) in Hong Kong (2010 Edition)” published by the Environmental Protection Department (“EPD”) and the Electrical and Mechanical Services Department (“EMSD”) of the Hong Kong SAR Government, unless otherwise stated in the following notes.
  5. Scope 1 emissions comprise HFC emissions from the use of refrigerants, consumption of Towngas, petrol and diesel from our vehicle fleets. The global warming potentials used for calculation are adopted from the “Fifth Assessment Report of Intergovernmental Panel on Climate Change (“IPCC”)”.
  6. Scope 2 emissions comprise the consumption of Towngas and purchased electricity. Emission factors are adopted from CLP’s 2022 Sustainability Report, Hong Kong Electric’s Sustainability Report 2022 and The Hong Kong and China Gas Company Limited ESG Report 2022.
  7. Air emissions are generated from the consumption of Towngas, petrol and diesel fuel. The emission factors adopted are based on “Appendix 2: Reporting Guidance on Environmental KPIs” published by HKEX.
  8. In FY2022/23, the water intensity of properties that were fully owned and managed by the Group was 0.245 m3/m2 and that of hotels were fully owned and managed by the Group was 1.652 m3/m2, representing a reduction of 2.6% and 23.2% respectively compared to FY2020/21.
  9. A standard conversion factor (0.93507)for wastewater discharge has been applied to all business units under Nina Hospitality since FY2019/20.
  10. General waste data in certain locations is not available. The Group is currently optimising waste data collection methodology and enhancing the disclosure scope of non-hazardous waste.
  11. Optimised waste data collection resulted in higher reported non-hazardous waste disposed in FY2022/23.
  12. More properties have participated in the government’s food waste collection scheme resulted in higher reported food waste recycled in FY2022/23.
  13. Relevant figures have been disclosed from FY2022/23 onwards.
  14. Relevant figures have been disclosed from FY2022/23 onwards. All hazardous waste is recycled and handled by licensed contractors.
  15. WEEE presented in the unit of “kg” and “pieces” as stated in the recycle receipt.

Social Data

Workforce

Total workforce

FY2022/23

Number of people

3,138

Percentage

-

FY2021/22

Number of people

2,982

Percentage

-

FY2020/21

Number of people

2,978

Percentage

-

By Gender

Male

FY2022/23

Number of people

1,672

Percentage

53.3%

FY2021/22

Number of people

1,640

Percentage

55.0%

FY2020/21

Number of people

1,608

Percentage

54.0%

Female

FY2022/23

Number of people

1,466

Percentage

46.7%

FY2021/22

Number of people

1,342

Percentage

45.0%

FY2020/21

Number of people

1,370

Percentage

46.0%

By Employee Category1

Senior Management

FY2022/23

Number of people

20

Percentage

0.6%

FY2021/22

Number of people

72

Percentage

2.4%

FY2020/21

Number of people

74

Percentage

2.5%

Management

FY2022/23

Number of people

451

Percentage

14.4%

FY2021/22

Number of people

363

Percentage

12.2%

FY2020/21

Number of people

242

Percentage

8.1%

Frontline and general employee

FY2022/23

Number of people

2,667

Percentage

85.0%

FY2021/22

Number of people

2,547

Percentage

85.4%

FY2020/21

Number of people

2,662

Percentage

89.4%

By Age Group

Under 31

FY2022/23

Number of people

362

Percentage

11.5%

FY2021/22

Number of people

368

Percentage

12.3%

FY2020/21

Number of people

381

Percentage

12.8%

31-50

FY2022/23

Number of people

1,295

Percentage

41.3%

FY2021/22

Number of people

1,237

Percentage

41.5%

FY2020/21

Number of people

1,242

Percentage

41.7%

51 or above

FY2022/23

Number of people

1,481

Percentage

47.2%

FY2021/22

Number of people

1,377

Percentage

46.2%

FY2020/21

Number of people

1,355

Percentage

45.5%

By Employment Contract

Permanent

FY2022/23

Number of people

2,712

Percentage

86.4%

FY2021/22

Number of people

2,733

Percentage

91.6%

FY2020/21

Number of people

2,783

Percentage

93.5%

Temporary

FY2022/23

Number of people

426

Percentage

13.6%

FY2021/22

Number of people

249

Percentage

8.4%

FY2020/21

Number of people

195

Percentage

6.5%

By Employment Type

Full-time

FY2022/23

Number of people

2,938

Percentage

93.6%

FY2021/22

Number of people

2,915

Percentage

97.8%

FY2020/21

Number of people

-

Percentage

-

Part-time

FY2022/23

Number of people

200

Percentage

6.4%

FY2021/22

Number of people

67

Percentage

2.2%

FY2020/21

Number of people

-

Percentage

-

By Geographical Region

Hong Kong

FY2022/23

Number of people

3,138

Percentage

100.0%

FY2021/22

Number of people

2,982

Percentage

100.0%

FY2020/21

Number of people

2,978

Percentage

100.0%

Others

FY2022/23

Number of people

0

Percentage

0.0%

FY2021/22

Number of people

0

Percentage

0.0%

FY2020/21

Number of people

0

Percentage

0.0%

Voluntary Turnover2,3,4

Overall

FY2022/23

Number of people

1,022

Percentage

32.6%

FY2021/22

Number of people

893

Percentage

29.9%

FY2020/21

Number of people

1,124

Percentage

37.7%

By Gender

Male

FY2022/23

Number of people

553

Percentage

33.1%

FY2021/22

Number of people

449

Percentage

27.4%

FY2020/21

Number of people

563

Percentage

35.0%

Female

FY2022/23

Number of people

469

Percentage

32.0%

FY2021/22

Number of people

444

Percentage

33.1%

FY2020/21

Number of people

561

Percentage

40.9%

By Employee Category

Senior management

FY2022/23

Number of people

2

Percentage

10.0%

FY2021/22

Number of people

-

Percentage

-

FY2020/21

Number of people

-

Percentage

-

Management

FY2022/23

Number of people

156

Percentage

34.6%

FY2021/22

Number of people

-

Percentage

-

FY2020/21

Number of people

-

Percentage

-

Frontline and general employee

FY2022/23

Number of people

864

Percentage

32.4%

FY2021/22

Number of people

-

Percentage

-

FY2020/21

Number of people

-

Percentage

-

By Age Group

Under 31

FY2022/23

Number of people

184

Percentage

50.8%

FY2021/22

Number of people

201

Percentage

54.6%

FY2020/21

Number of people

178

Percentage

46.7%

31-50

FY2022/23

Number of people

464

Percentage

35.8%

FY2021/22

Number of people

402

Percentage

32.5%

FY2020/21

Number of people

379

Percentage

30.5%

51 or above

FY2022/23

Number of people

374

Percentage

25.3%

FY2021/22

Number of people

290

Percentage

21.1%

FY2020/21

Number of people

567

Percentage

41.8%

By Geographical Region

Hong Kong

FY2022/23

Number of people

1,022

Percentage

32.6%

FY2021/22

Number of people

893

Percentage

29.9%

FY2020/21

Number of people

1,124

Percentage

37.7%

Others

FY2022/23

Number of people

0

Percentage

0.0%

FY2021/22

Number of people

0

Percentage

0.0%

FY2020/21

Number of people

0

Percentage

0.0%

Involuntary Turnover2,5
(Due to dismissal, downsizing, redundancy and misconduct)

Overall

FY2022/23

Number of people

75

Percentage

2.4%

FY2021/22

Number of people

-

Percentage

-

FY2020/21

Number of people

-

Percentage

-

By Gender

Male

FY2022/23

Number of people

59

Percentage

3.5%

FY2021/22

Number of people

-

Percentage

-

FY2020/21

Number of people

-

Percentage

-

Female

FY2022/23

Number of people

16

Percentage

1.1%

FY2021/22

Number of people

-

Percentage

-

FY2020/21

Number of people

-

Percentage

-

By Employee Category

Senior management

FY2022/23

Number of people

0

Percentage

0.0%

FY2021/22

Number of people

-

Percentage

-

FY2020/21

Number of people

-

Percentage

-

Management

FY2022/23

Number of people

12

Percentage

2.7%

FY2021/22

Number of people

-

Percentage

-

FY2020/21

Number of people

-

Percentage

-

Frontline and general employee

FY2022/23

Number of people

63

Percentage

2.4%

FY2021/22

Number of people

-

Percentage

-

FY2020/21

Number of people

-

Percentage

-

By Age Group

Under 31

FY2022/23

Number of people

10

Percentage

2.8%

FY2021/22

Number of people

-

Percentage

-

FY2020/21

Number of people

-

Percentage

-

31-50

FY2022/23

Number of people

38

Percentage

2.9%

FY2021/22

Number of people

-

Percentage

-

FY2020/21

Number of people

-

Percentage

-

51 or above

FY2022/23

Number of people

27

Percentage

1.8%

FY2021/22

Number of people

-

Percentage

-

FY2020/21

Number of people

-

Percentage

-

By Geographical Region

Hong Kong

FY2022/23

Number of people

75

Percentage

2.8%

FY2021/22

Number of people

-

Percentage

-

FY2020/21

Number of people

-

Percentage

-

Others

FY2022/23

Number of people

0

Percentage

0.0%

FY2021/22

Number of people

-

Percentage

-

FY2020/21

Number of people

-

Percentage

-

Involuntary Turnover2,6
(Due to completion of contract or retirement and decease)

Overall

FY2022/23

Number of people

210

Percentage

6.7%

FY2021/22

Number of people

-

Percentage

-

FY2020/21

Number of people

-

Percentage

-

By Gender

Male

FY2022/23

Number of people

142

Percentage

8.5%

FY2021/22

Number of people

-

Percentage

-

FY2020/21

Number of people

-

Percentage

-

Female

FY2022/23

Number of people

68

Percentage

4.6%

FY2021/22

Number of people

-

Percentage

-

FY2020/21

Number of people

-

Percentage

-

By Employee Category

Senior management

FY2022/23

Number of people

0

Percentage

0.0%

FY2021/22

Number of people

-

Percentage

-

FY2020/21

Number of people

-

Percentage

-

Management

FY2022/23

Number of people

0

Percentage

0.0%

FY2021/22

Number of people

-

Percentage

-

FY2020/21

Number of people

-

Percentage

-

Frontline and general employee

FY2022/23

Number of people

210

Percentage

7.9%

FY2021/22

Number of people

-

Percentage

-

FY2020/21

Number of people

-

Percentage

-

By Age Group

Under 31

FY2022/23

Number of people

3

Percentage

0.8%

FY2021/22

Number of people

-

Percentage

-

FY2020/21

Number of people

-

Percentage

-

31-50

FY2022/23

Number of people

1

Percentage

0.1%

FY2021/22

Number of people

-

Percentage

-

FY2020/21

Number of people

-

Percentage

-

51 or above

FY2022/23

Number of people

206

Percentage

13.9%

FY2021/22

Number of people

-

Percentage

-

FY2020/21

Number of people

-

Percentage

-

By Geographical Region

Hong Kong

FY2022/23

Number of people

210

Percentage

7.7%

FY2021/22

Number of people

-

Percentage

-

FY2020/21

Number of people

-

Percentage

-

Others

FY2022/23

Number of people

0

Percentage

0.0%

FY2021/22

Number of people

-

Percentage

-

FY2020/21

Number of people

-

Percentage

-

New Hire2

Overall

FY2022/23

Number of people

1,344

Percentage

42.8%

FY2021/22

Number of people

1,142

Percentage

38.3%

FY2020/21

Number of people

-

Percentage

-

By Gender

Male

FY2022/23

Number of people

737

Percentage

44.1%

FY2021/22

Number of people

662

Percentage

40.4%

FY2020/21

Number of people

-

Percentage

-

Female

FY2022/23

Number of people

607

Percentage

41.4%

FY2021/22

Number of people

480

Percentage

35.8%

FY2020/21

Number of people

-

Percentage

-

By Employee Category

Senior management

FY2022/23

Number of people

2

Percentage

10.0%

FY2021/22

Number of people

-

Percentage

-

FY2020/21

Number of people

-

Percentage

-

Management

FY2022/23

Number of people

175

Percentage

38.8%

FY2021/22

Number of people

-

Percentage

-

FY2020/21

Number of people

-

Percentage

-

Frontline and general employee

FY2022/23

Number of people

1,167

Percentage

43.8%

FY2021/22

Number of people

-

Percentage

-

FY2020/21

Number of people

-

Percentage

-

By Age Group

Under 31

FY2022/23

Number of people

216

Percentage

59.7%

FY2021/22

Number of people

276

Percentage

75.0%

FY2020/21

Number of people

-

Percentage

-

31-50

FY2022/23

Number of people

537

Percentage

41.5%

FY2021/22

Number of people

459

Percentage

37.1%

FY2020/21

Number of people

-

Percentage

-

51 or above

FY2022/23

Number of people

591

Percentage

39.9%

FY2021/22

Number of people

407

Percentage

29.6%

FY2020/21

Number of people

-

Percentage

-

By Geographical Region

Hong Kong

FY2022/23

Number of people

1,344

Percentage

42.8%

FY2021/22

Number of people

1,142

Percentage

38.3%

FY2020/21

Number of people

-

Percentage

-

Others

FY2022/23

Number of people

0

Percentage

0.0%

FY2021/22

Number of people

0

Percentage

0.0%

FY2020/21

Number of people

-

Percentage

-

Performance Review2

Overall

FY2022/23

Number of people

2,790

Percentage

88.9%

FY2021/22

Number of people

2,811

Percentage

94.3%

FY2020/21

Number of people

-

Percentage

-

By Gender

Male

FY2022/23

Number of people

1,556

Percentage

93.1%

FY2021/22

Number of people

1,560

Percentage

95.1%

FY2020/21

Number of people

-

Percentage

-

Female

FY2022/23

Number of people

1,234

Percentage

84.2%

FY2021/22

Number of people

1,251

Percentage

93.2%

FY2020/21

Number of people

-

Percentage

-

By Employee Category

Senior management

FY2022/23

Number of people

19

Percentage

95.0%

FY2021/22

Number of people

72

Percentage

100.0%

FY2020/21

Number of people

-

Percentage

-

Management

FY2022/23

Number of people

434

Percentage

96.2%

FY2021/22

Number of people

327

Percentage

90.1%

FY2020/21

Number of people

-

Percentage

-

Frontline and general employee

FY2022/23

Number of people

2,337

Percentage

87.6%

FY2021/22

Number of people

2,412

Percentage

94.7%

FY2020/21

Number of people

-

Percentage

-

Parental Leave

Employees Entitled To Parental Leave7

Male

FY2022/23

Number of people

1,672

Percentage

-

FY2021/22

Number of people

-

Percentage

-

FY2020/21

Number of people

-

Percentage

-

Female

FY2022/23

Number of people

1,466

Percentage

-

FY2021/22

Number of people

-

Percentage

-

FY2020/21

Number of people

-

Percentage

-

Employees That Took Parental Leave

Male

FY2022/23

Number of people

17

Percentage

-

FY2021/22

Number of people

-

Percentage

-

FY2020/21

Number of people

-

Percentage

-

Female

FY2022/23

Number of people

23

Percentage

-

FY2021/22

Number of people

-

Percentage

-

FY2020/21

Number of people

-

Percentage

-

Employees Return To Work Rate8

Male

FY2022/23

Number of people

-

Percentage

100.0%

FY2021/22

Number of people

-

Percentage

-

FY2020/21

Number of people

-

Percentage

-

Female

FY2022/23

Number of people

-

Percentage

87.0%

FY2021/22

Number of people

-

Percentage

-

FY2020/21

Number of people

-

Percentage

-

Training9

Total number of training hour

FY2022/23

77,351

FY2021/22

-

FY2020/21

-

Average No. of Training Hour10

Overall

FY2022/23

24.6<sup>11</sup>

FY2021/22

10.5

FY2020/21

12.0

By Gender

Male

FY2022/23

22.8

FY2021/22

9.5

FY2020/21

9.6

Female

FY2022/23

26.8

FY2021/22

11.8

FY2020/21

14.8

By Employee Category

Senior Management

FY2022/23

32.1

FY2021/22

25.5

FY2020/21

21.7

Management

FY2022/23

38.2

FY2021/22

18.8

FY2020/21

34.2

Frontline and general employee

FY2022/23

22.3

FY2021/22

8.9

FY2020/21

9.7

Anti-Corruption Training

Overall

FY2022/23

Number of hours

993.4

FY2021/22

Number of hours

-

FY2020/21

Number of hours

-

By Gender

Male

FY2022/23

Number of hours

524.8

FY2021/22

Number of hours

-

FY2020/21

Number of hours

-

Female

FY2022/23

Number of hours

468.6

FY2021/22

Number of hours

-

FY2020/21

Number of hours

-

By Employee Category

Senior management

FY2022/23

Number of hours

18.0

FY2021/22

Number of hours

-

FY2020/21

Number of hours

-

Management

FY2022/23

Number of hours

322.8

FY2021/22

Number of hours

-

FY2020/21

Number of hours

-

Frontline and general employee

FY2022/23

Number of hours

652.6

FY2021/22

Number of hours

-

FY2020/21

Number of hours

-

Occupational Health And Safety

Total number of hours worked

Number of hours

FY2022/23

6,583,044

FY2021/22

-

FY2020/21

-

Absentee days12

Days

FY2022/23

17,303

FY2021/22

17,115

FY2020/21

-

Number of ISO Certifications on health and safety management system

Number of certifications

FY2022/23

7

FY2021/22

-

FY2020/21

-

Occupational Health And Safety
Work-related Fatalities as a Result of Work-related Injury

Number of work-related fatalities

Number of incidents

FY2022/23

0

FY2021/22

0

FY2020/21

0

Work-related fatality rate13

%

FY2022/23

0.0%

FY2021/22

0.0%

FY2020/21

0.0%

Occupational Health And Safety
Work-related Injuries

Number of total work-related injury incidents14

Number of incidents

FY2022/23

101

FY2021/22

107

FY2020/21

108

Rate of recordable work-related injuries15

%

FY2022/23

3.1%

FY2021/22

-

FY2020/21

-

Lost days due to injuries

Days

FY2022/23

4,188

FY2021/22

8,020

FY2020/21

5,687

Number of lost time injuries (sick leave > 0 days)

Number of incidents

FY2022/23

86

FY2021/22

-

FY2020/21

-

Number of reportable injuries (sick leave > 3 days)

Number of incidents

FY2022/23

79

FY2021/22

-

FY2020/21

-

Number of high-consequence injuries (excluding fatalities)16

Number of incidents

FY2022/23

8

FY2021/22

5

FY2020/21

-

Rate of high-consequence injuries (excluding fatalities)17

%

FY2022/23

0.2%

FY2021/22

-

FY2020/21

-

Occupational Health And Safety
Work-related Ill Health

Work-related fatalities as a result of work-related ill health

Number of incidents

FY2022/23

0

FY2021/22

-

FY2020/21

-

Cases of recordable work-related ill health

Number of incidents

FY2022/23

0

FY2021/22

-

FY2020/21

-

Occupational Health And Safety (Contractor)18

Total number of hours worked

Number of hours

FY2022/23

4,107,740

FY2021/22

3,450,460

FY2020/21

1,439,360

Total number of contractor workers

Number of contractor workers

FY2022/23

15,799

FY2021/22

13,271

FY2020/21

5,536

Number of ISO Certifications on health and safety management system

Number of certifications

FY2022/23

4

FY2021/22

-

FY2020/21

-

Occupational Health And Safety (Contractor)18
Work-related Fatalities as a Result of Work-related Injury

Number of work-related fatalities

Number of incidents

FY2022/23

0

FY2021/22

0

FY2020/21

0

Work-related fatality rate

%

FY2022/23

0.0%

FY2021/22

0.0%

FY2020/21

0.0%

Occupational Health And Safety (Contractor)18
Work-related Injuries

Number of total work-related injury incidents

Number of incidents

FY2022/23

14

FY2021/22

16

FY2020/21

10

Rate of recordable work-related injuries

%

FY2022/23

0.7%

FY2021/22

-

FY2020/21

-

Lost days due to injuries

Days

FY2022/23

1,140

FY2021/22

2,438

FY2020/21

1,296

Number of lost time injuries (sick leave > 0 days)

Number of incidents

FY2022/23

14

FY2021/22

16

FY2020/21

10

Number of reportable injuries (sick leave > 3 days)

Number of incidents

FY2022/23

14

FY2021/22

15

FY2020/21

10

Number of high-consequence injuries (excluding fatalities)

Number of incidents

FY2022/23

2

FY2021/22

7

FY2020/21

3

Rate of high-consequence injuries (excluding fatalities)

%

FY2022/23

0.1%

FY2021/22

-

FY2020/21

-

undefined
Diversity
Governance Bodies

Executive Committee

Number of people

FY2022/23

Male

8

Female

0

FY2020/21

Male

-

Female

-

FY2021/22

Male

-

Female

-

%

FY2022/23

Male

100.0%

Female

0.0%

FY2020/21

Male

-

Female

-

FY2021/22

Male

-

Female

-

ESG Steering Committee

Number of people

FY2022/23

Male

9

Female

1

FY2020/21

Male

-

Female

-

FY2021/22

Male

-

Female

-

%

FY2022/23

Male

90.0%

Female

10.0%

FY2020/21

Male

-

Female

-

FY2021/22

Male

-

Female

-

undefined
Management Positions

Senior management positions

Number of people

FY2022/23

Male

14

Female

6

FY2020/21

Male

-

Female

-

FY2021/22

Male

-

Female

-

%

FY2022/23

Male

70.0%

Female

30.0%

FY2020/21

Male

-

Female

-

FY2021/22

Male

-

Female

-

Management positions

Number of people

FY2022/23

Male

260

Female

191

FY2020/21

Male

-

Female

-

FY2021/22

Male

-

Female

-

%

FY2022/23

Male

57.6%

Female

42.4%

FY2020/21

Male

-

Female

-

FY2021/22

Male

-

Female

-

Non-management positions

Number of people

FY2022/23

Male

1,397

Female

1,269

FY2020/21

Male

-

Female

-

FY2021/22

Male

-

Female

-

%

FY2022/23

Male

52.4%

Female

47.6%

FY2020/21

Male

-

Female

-

FY2021/22

Male

-

Female

-

Management positions in revenue-generating functions19

Number of people

FY2022/23

Male

53

Female

81

FY2020/21

Male

-

Female

-

FY2021/22

Male

-

Female

-

%

FY2022/23

Male

39.6%

Female

60.4%

FY2020/21

Male

-

Female

-

FY2021/22

Male

-

Female

-

STEM-related positions20

Number of people

FY2022/23

Male

434

Female

156

FY2020/21

Male

-

Female

-

FY2021/22

Male

-

Female

-

%

FY2022/23

Male

73.6%

Female

26.4%

FY2020/21

Male

-

Female

-

FY2021/22

Male

-

Female

-

Supply Chain Management

Number of new suppliers

Number of suppliers

FY2022/23

562

FY2021/22

-

FY2020/21

-

Number of new suppliers screened using environmental criteria

Number of suppliers

FY2022/23

241

FY2021/22

-

FY2020/21

-

Number of new suppliers screened using social criteria

Number of suppliers

FY2022/23

316

FY2021/22

-

FY2020/21

-

Supply Chain Management
By Geographical Region

Hong Kong

Number of suppliers

FY2022/23

3,816

FY2021/22

-

FY2020/21

-

Mainland China

Number of suppliers

FY2022/23

9

FY2021/22

-

FY2020/21

-

Overseas

Number of suppliers

FY2022/23

44

FY2021/22

-

FY2020/21

-

Compliance with Employment-Related Regulations

As a caring employer who placed employees in the centre of our operation, we ensure we follow all regulations on compensation and dismissal, recruitment and promotion, working hours, rest periods, equal opportunity, diversity, anti-discrimination and other benefits and welfare that are significantly related to our business operations. The Group was not aware of any confirmed non-compliance with any relevant regulations, including, but not limited to, the Employment Ordinance, the Employees’ Compensation Ordinance and Minimum Wage Ordinance, as well as all DEI-related regulations. We will continue to follow any current and new employment related regulations and provide a fair and enjoyable work environment where our colleagues feel respected.

Notes:

  1. The Group has undergone an internal review of the definition of employee category during the Reporting Period. The FY2022/23 figures disclosed are aligned with reference to this update.
  2. The data includes full-time employees only.
  3. The Voluntary Turnover rate is calculated as “total number of employees voluntarily leaving employment during the Reporting Period divided by total number of employees as of the end of Reporting Period and then multiplied by 100%”.
  4. Data marked with a symbol “-”, is not available in previous years, and new data collection to correspond to the updated HKEX, GRI and other standards to provide additional information on our sustainability performance.
  5. The Involuntary Turnover rate due to dismissal, downsizing, redundancy and misconduct is calculated as “total number of employees involuntarily leaving employment due to dismissal, downsizing, redundancy and misconduct during the Reporting Period divided by total number of employees as of the end of Reporting Period and then multiplied by 100%”.
  6. The Involuntary Turnover rate due to completion of contract or retirement and decease is calculated as “total number of employees involuntarily leaving employment due to completion of contract or retirement and decease during the Reporting Period divided by total number of employees as of the end of Reporting Period and then multiplied by 100%”.
  7. According to the Employment Ordinance Cap 57, all full-time employees are entitled to parental leave.
  8. Employees Return to Work Rate is calculated as “total number of employees who did return to work after parental leave divided by total number of employees due to return to work after taking parental leave and then multiplied by 100%”.
  9. The data includes full-time and part-time employees.
  10. The Average training hours per employee is calculated as “Total number of training hours provided to employees during the Reporting Period divided by total number of employees as of the Reporting Period”.
  11. In FY2022/23, average training hours per employee in headquarter was 18.3 hours.
  12. Absentee days includes (i) work days lost (work-related sick leave) and (ii) non-work related sick leave (i.e. sick leave not caused by a work-related accident/ injury/ illness).
  13. The Rate of fatalities as a result of work-related injury is calculated as “Number of fatalities as a result of work-related injury divided by numbers of hours worked multiply by 200,000 hours worked”.
  14. Include all injuries on any Chinachem Group’s operation for employees.
  15. The Rate of recordable work-related injuries is calculated as “Number of recordable work-related injuries divided by number of hours worked multiply by 200,000 hours worked”.
  16. High-consequence injuries are those injuries from which the employees cannot, do not, or are not expected to recover fully to pre-injury health status within six months.
  17. The Rate of high-consequence work-related injuries (excluding fatalities) is calculated as “Number of high-consequence work-related injuries (excluding fatalities) divided by number of hours worked multiply by 200,000 hours worked”.
  18. The data includes our wholly-owned construction sites.
  19. Revenue-generating functions include Sales, Leasing and Business Development.
  20. STEM stands for science, technology, engineering, mathematics. STEM-related positions include Accounting, Audit, Building Services, Engineering, Environmental, Finance, Health & Safety, IT and Sustainability/ESG.

Sustainability Awards and Recognition

Award or Certification- Corporate Development
Award or Certification
Employee Experience Awards 2023
  • Best ESG Strategy - Bronze
Issuing Authority
Human Resources Online
Award or Certification
ESG Achievement Awards 2021/2022
  • Special ESG Awards – Outstanding ESG Performer of the Year(Large Enterprise) -Diamond Award
Issuing Authority
The Institute of ESG & Benchmark
Award or Certification
FinTech Awards 2022
  • FinTech Awards 2022 in Appreciation Certificate on Environmental, Social, and Governance (ESG)
Issuing Authority
ET Net
Award or Certification
HKIM Market Leadership Award 2022-2023
  • Market Leadership in Property Development 2022/2023
Issuing Authority
Hong Kong Institute of Marketing
Award or Certification
HKMA Hong Kong Sustainability Award 2022
  • Merit Award (Large Organisation)
Issuing Authority
The Hong Kong Management Association
Award or Certification
Master Insight 2023 ESG Award
  • ESG Disclosure Awards for Non-listed Organisation
Issuing Authority
Master Insight Media Limited
Award or Certification
Ming Pao ESG Awards 2023
  • Excellence in Decarbonisation Award (Large Enterprise Category)
  • Elite of Sustainability Performance Award (Large Enterprise Category)
Issuing Authority
Ming Pao and the Institute of ESG & Benchmark
Award or Certification
Sing Tao Service Awards 2022
  • Best ESG Enterprise Award
Issuing Authority
Sing Tao Daily
Award or Certification
TVB ESG Awards 2022
  • Best in ESG Practices (Non-listing companies)
  • ESG Project Innovation Award (Non-listing companies)
Issuing Authority
Television Broadcasts Limited
Award or Certification- Environment Protection
Award or Certification
2023 "Friends of EcoPark" Award
Issuing Authority
Environment Protection Department, Hong Kong SAR Government
Award or Certification
Hong Kong Awards for Environmental Excellence 2022
  • Gold Award (Hotels and Recreational Clubs): Nina Hotel Kowloon East
  • Merit Award (Hotels and Recreational Clubs): Lodgewood by Nina Hospitality | Mong Kok, Nina Hotel Causeway Bay, Nina Hotel Island South, Nina Hotel Tsuen Wan West
Issuing Authority
Environmental Campaign Committee
Award or Certification
Hong Kong Green and Sustainability Contribution Awards 2023
  • Gold Seal for Contribution to Sustainable Property / Facility — Promote Environmental Protection
Issuing Authority
Hong Kong Quality Assurance Agency
Award or Certification
Hong Kong Green Organisation
Issuing Authority
Environmental Campaign Committee
Award or Certification
Hong Kong Green Organisation Certification
  • Wastewi$e Certificate: 19 managed properties
  • Energywi$e Certificate: 23 managed properties
  • IAQwi$e Certificate: 12 managed properties
Issuing Authority
Environmental Campaign Committee
Award or Certification
Quality Water Supply Scheme for Buildings – Fresh Water (Management System)
  • Gold Certificate: 1 managed property
  • Blue Certificate: 6 managed properties
Issuing Authority
Water Supplies Department, Hong Kong SAR Government
Award or Certification
Quality Water Supply Scheme for Buildings – Flushing Water
  • Blue Certificate: 7 managed properties
Issuing Authority
Water Supplies Department, Hong Kong SAR Government
Award or Certification
Umbrella Bags Reduction Accreditation Program 2023
  • Diamond Award: 13 managed properties
  • Reduction Award: 8 managed properties
  • Participation Award: 4 managed properties
Issuing Authority
Greeners Action
Award or Certification- Social Responsibility
Award or Certification
Caring Company
  • 5 Year Plus Caring Company Logo
Issuing Authority
Hong Kong Council of Social Service
Award or Certification
Good MPF Employer Award 2022-23
  • Good MPF Employer 5 Years+
Issuing Authority
Mandatory Provident Fund Schemes Authority, Hong Kong SAR Government
Award or Certification
HKECIA Industry Awards of Excellence 2023
  • Outstanding Award for Pandemic Response
Issuing Authority
The Hong Kong Exhibition and Convention Industry Association
Award or Certification
Privacy-Friendly Awards 2023
  • Gold Award
Issuing Authority
Office of the Privacy Commissioner for Personal Data, Hong Kong SAR Government
Award or Certification
Real Estate Asia Awards 2023
  • Cultural Heritage Conservation Initiative of the Year
Issuing Authority
Real Estate Asia
Award or Certification- Corporate Governance
Award or Certification
2023 Gold Circle Award
Issuing Authority
Agoda
Award or Certification
2023 Travellers' Choice
Issuing Authority
Tripadvisor
Award or Certification
Excellence in Facility Management Award (Office Building) 2022
Issuing Authority
The Hong Kong Institute of Facility Management Limited
Award or Certification
Forbes Travel Guide Recommended Hotel 2023
Issuing Authority
Forbes Travel Guide
Award or Certification
HIREA Awards 2023
  • Excellent Property Management Award: NINA MALL 1 & 2
Issuing Authority
Hong Kong Institute of Real Estate Administrators
Award or Certification
Hong Kong International Culinary Classic 2023
  • Chinese Cuisine – Live Cooking – Dim Sum Platter – Silver
Issuing Authority
HOFEX
Award or Certification
LUXlife Hospitality Excellence Award 2023:
  • Best Hotel Operator - Hong Kong
Issuing Authority
LUXlife
Award or Certification
Recommended Restaurant: Ah Yung Kitchen
Issuing Authority
Chaine des Rotisseurs
Award or Certification
U Magazine Favourite Food Awards 2023
  • My favourite Cantonese restaurant: RÚ
Issuing Authority
UMagazine

Charters, Pledges and Membership

Charters and Pledges

Organisations
BEC Low Carbon Charter
Business Environment Council
EatSmart Restaurant
Department of Health, Hong Kong SAR Government
Carbon Neutrality Partnership
Environment and Ecology Bureau, Hong Kong SAR Government
Charter on External Lighting
Environment and Ecology Bureau, Hong Kong SAR Government
Food Wise Charter
Environment and Ecology Bureau, Hong Kong SAR Government
Less-Salt-and-Sugar Restaurants Scheme
Environment and Ecology Bureau, Hong Kong SAR Government
4T Charter
Environment and Ecology Bureau and Electrical and Mechanical Services Department, Hong Kong SAR Government
Food Wise Eateries Scheme
Environmental Protection Department, Hong Kong SAR Government
Green Event Pledge
Environmental Protection Department, Hong Kong SAR Government
Glass Container Recycling Charter
Environmental Protection Department, Hong Kong SAR Government
The Racial Diversity And Inclusion Charter For Employers
Equal Opportunity Commission
ECH2O - Enterprises Cherish Water Campaign
Green Council and Water Supplies Department, Hong Kong SAR Government
Green Shop
Green Council
Hong Kong Green Day - Green Pledge
Green Council
Hong Kong Green Day – Green Restaurant
Green Council
Good Employer Charter
Labour Department, Hong Kong SAR Government
Hong Kong Geopark Hotel
Hong Kong UNESCO Global Geopark
Joyful@Healthy Workplace
Occupational Safety and Health Council
Halal Certification
The Incorporated Trustees of The Islamic Community Fund of Hong Kong
No Shark Fin Restaurant Pledge
World Wide Fund for Nature Hong Kong
Earth Hour Pledge
World Wide Fund for Nature Hong Kong

Nature of Memberships

Organisations
Ordinary Member
Asian Corporate Coalition for Climate Change Resilience
Council Member
Business Environment Council
Gold Member
Green Council
Member
Hong Kong General Chamber of Commerce
Platinum Patron Membership
Hong Kong Green Building Council
Member
Hong Kong Hotel Association
Member Hotels
The Federation of Hong Kong Hotel Owners
Green Earth Companion (Sunlight)
The Green Earth
Full member
The Hong Kong Association of Property Management Companies Limited
Member
The Hong Kong Security Association
Gold Level Member
U.S. Green Building Council
Silver Member
World Wide Fund for Nature Hong Kong
Member
WWF Sustainable Seafood Business Membership Programme

HKEX ESG Reporting Guide Content Index

Mandatory Disclosure Requirements

Cross-reference in this Report/ Comment
Governance Structure
Governing Our Values – Solidifying Our ESG Governance Structure
Reporting Principles
About This Report
Reporting Boundary
About This Report
Subject Areas, Aspects, General Disclosures and KPIs
A. Environmental
Aspect A1: Emissions - General Disclosure
Description
Information on:
(a) the policies; and
(b) compliance with relevant laws and regulations that have a significant impact on the issuer relating to air and greenhouse gas emissions, discharges into water and land, and generation of hazardous and non-hazardous waste.
Section
The Group has adopted the Climate Change Policy and Sustainability Policy.

Sustaining Our Planet
Governing Our Values – Solidifying Our ESG Governance Structure
Aspect A1: Emissions - KPI A1.1
Description
The types of emissions and respective emissions data.
Section
Appendices – Performance Data Table
Aspect A1: Emissions - KPI A1.2
Description
Direct (Scope 1) and energy indirect (Scope 2) greenhouse gas emissions (in tonnes) and, where appropriate, intensity.
Section
Sustaining Our Planet – Climate Adaptation and Resilience – Response to TCFD Recommendations Appendices – Performance Data Table
Aspect A1: Emissions - KPI A1.3
Description
Total hazardous waste produced (in tonnes) and, where appropriate, intensity.
Section
Appendices – Performance Data Table
Aspect A1: Emissions - KPI A1.4
Description
Total non-hazardous waste produced (in tonnes) and, where appropriate, intensity.
Section
Appendices – Performance Data Table
Aspect A1: Emissions - KPI A1.5
Description
Description of emission target(s) set and steps taken to achieve them.
Section
Sustaining Our Planet – Accelerating Green Transformation
Sustaining Our Planet – Climate Adaptation and Resilience – Response to TCFD Recommendations
Aspect A1: Emissions - KPI A1.6
Description
Description of how hazardous and non-hazardous wastes are handled, and a description of reduction target(s) set and steps taken to achieve them.
Section
Sustaining Our Planet – Accelerating Green Transformation
All hazardous waste is recycled and handled by licensed contractors.
Our business activities do not generate a significant amount of hazardous waste, so the handling and reduction of hazardous waste were not material to our operation.
We are currently gathering essential information to formulate relevant non-hazardous waste reduction targets.
Aspect A2: Use of Resources - General Disclosure
Description
Policies on the efficient use of resources, including energy, water and other raw materials.
Section
The Group has adopted the Sustainability Policy and Sustainable Procurement Policy.

Sustaining Our Planet
Aspect A2: Use of Resources - KPI A2.1
Description
Direct and/or indirect energy consumption by type (e.g. electricity, gas or oil) in total (kWh in ’000s) and intensity.
Section
Sustaining Our Planet – Accelerating Green Transformation
Appendices – Performance Data Table
Aspect A2: Use of Resources - KPI A2.2
Description
Water consumption in total and intensity.
Section
Sustaining Our Planet – Accelerating Green Transformation
Appendices – Performance Data Table
Aspect A2: Use of Resources - KPI A2.3
Description
Description of energy use efficiency target(s) set and steps taken to achieve them.
Section
Sustaining Our Planet
During the Reporting Period , the Group has concluded a total of 4.8 billion (HKD) in green loans. Key performance indicators ("KPIs") for evaluating our sustainability performance included energy consumption reductions, water consumption reduction and training hours increment. All the KPIs set have been achieved, reflecting our continuous efforts to achieve our sustainability objectives and targets.
Aspect A2: Use of Resources - KPI A2.4
Description
Description of whether there is any issue in sourcing water that is fit for purpose, water efficiency target(s) set and steps taken to achieve them.
Section
Sustaining Our Planet - Accelerating Green Transformation
During the Reporting Period , the Group has concluded a total of 4.8 billion (HKD) in green loans. Key performance indicators ("KPIs") for evaluating our sustainability performance included energy consumption reductions, water consumption reduction and training hours increment. All the KPIs set have been achieved, reflecting our continuous efforts to achieve our sustainability objectives and targets.
Aspect A2: Use of Resources - KPI A2.5
Description
Total packaging material used for finished products (in tonnes) and, if applicable, with reference to per unit produced.
Section
Packaging was not material to our operation.
Aspect A3: The Environment and Natural Resources - General Disclosure
Description
Policies on minimising the issuer’s significant impacts on the environment and natural resources.
Section
The Group has adopted the Sustainability Policy.

Sustaining Our Planet
Aspect A3: The Environment and Natural Resources - KPI A3.1
Description
Description of the significant impacts of activities on the environment and natural resources and the actions taken to manage them.
Section
Sustaining Our Planet
Aspect A4: Climate Change - General Disclosure
Description
Policies on identification and mitigation of significant climate-related issues which have impacted, and those which may impact, the issuer.
Section
The Group has adopted the Climate Change Policy, Sustainability Policy and Risk Management Policy.

Sustaining Our Planet – Accelerating Green Transformation; Climate Adaptation and Resilience – Response to TCFD Recommendations
Aspect A4: Climate Change - KPI A4.1
Description
Description of the significant climate-related issues which have impacted, and those which may impact, the issuer, and the actions taken to manage them.
Section
Sustaining Our Planet – Climate Adaptation and Resilience – Response to TCFD Recommendations
Subject Areas, Aspects, General Disclosures and KPIs
B. Social
Aspect B1: Employment - General Disclosure
Description
Policies and compliance relating to compensation and dismissal, recruitment and promotion, working hours, rest periods, equal opportunity, diversity, anti-discrimination, and other benefits andwelfare.
Section
The Group has adopted the Group Human Resources Management Policy, Staff Recruitment Policy and Performance Management Policy.

Progressing with Our Community and People
Aspect B1: Employment - KPI B1.1
Description
Total workforce by gender, employment type (for example, full or part- time), age group and geographical region.
Section
Appendices – Performance Data Table
Aspect B1: Employment - KPI B1.2
Description
Employee turnover rate by gender, age group and geographical region.
Section
Appendices – Performance Data Table
Aspect B2: Health and Safety - General Disclosure
Description
The policies and compliance relating to providing a safe working environment and protecting colleagues from occupational hazards.
Section
The Group has adopted the Occupational Health and Safety Policy.

Progressing with Our Community and People – Reinforcing a Health and Safety Environment for Our People and Community
Aspect B2: Health and Safety - KPI B2.1
Description
Number and rate of work-related fatalities occurred in each of the past three years including the reporting year.
Section
Appendices – Performance Data Table
Aspect B2: Health and Safety - KPI B2.2
Description
Lost days due to work injury.
Section
Appendices – Performance Data Table
Aspect B2: Health and Safety - KPI B2.3
Description
Description of occupational health and safety measures adopted, and how they are implemented and monitored.
Section
Progressing with Our Community and People – Reinforcing a Health and Safe Environment for Our People and Community
Aspect B3: Development and Training - General Disclosure
Description
Policies on improving colleagues’ knowledge and skills for discharging duties at work. Description of training activities.
Section
The Group has adopted the Staff Learning and Development Policy.

Progressing with Our Community and People - Reimaging the Learning Experience to Encourage Continuous Learning
Aspect B3: Development and Training - KPI B3.1
Description
The percentage of colleagues trained by gender and employee category (e.g. senior management, middle management).
Section
The Group has provided diverse training activities to our colleagues. In FY22/23, we have expanded our data scope to capture the training hours while we are still enhancing our data collection mechanism to capture the percentage of colleagues trained by gender and employment category.
Aspect B3: Development and Training - KPI B3.2
Description
The average training hours completed per employee by gender and employee category.
Section
Progressing with Our Community and People - Reimaging the Learning Experience to Encourage Continuous Learning
Appendices – Performance Data Table
Aspect B4: Labour Standards - General Disclosure
Description
Information on:
(a) the policies; and
(b) compliance with relevant laws and regulations that have a significant impact on the issuer relating to preventing child and forced labour.
Section
The Group has adopted the Group Human Resources Management Policy, Staff Recruitment Policy and Employment Termination Policy.

Progressing with Our Community and People
Governing Our Values - Governing a Sustainable Supply Chain
Aspect B4: Labour Standards - KPI B4.1
Description
Description of measures to review employment practices to avoid child and forced labour.
Section
The Group strictly prohibits the employment of any child or forced labour. In our recruitment process, all candidates are required to provide their valid identification documents and all terms and conditions in the employment contract are clearly communicated with the candidate.

Governing Our Values - Governing a Sustainable Supply Chain
Aspect B4: Labour Standards - KPI B4.2
Description
Description of steps taken to eliminate such practices when discovered.
Section
The Group strictly prohibits the employment of any child or forced labour. In our recruitment process, all candidates are required to provide their valid identification documents and all terms and conditions in the employment contract are clearly communicated with the candidate.

Governing Our Values - Governing a Sustainable Supply Chain
Aspect B5: Supply Chain Management - General Disclosure
Description
Policies on managing environmental and social risks of the supply chain.
Section
The Group has adopted the General Procurement Principles, Procurement Management Framework, and Sustainable Procurement Policy.

Governing Our Values - Governing a Sustainable Supply Chain
Aspect B5: Supply Chain Management - KPI B5.1
Description
Number of suppliers by geographical region.
Section
Governing Our Values - Governing a Sustainable Supply Chain
Appendices – Performance Data Table
Aspect B5: Supply Chain Management - KPI B5.2
Description
Description of practices relating to engaging suppliers, number of suppliers where the practices are being implemented, and how they are implemented and monitored.
Section
Governing Our Values - Governing a Sustainable Supply Chain
Aspect B5: Supply Chain Management - KPI B5.3
Description
Description of practices used to identify environmental and social risks along the supply chain, and how they are implemented and monitored.
Section
Governing Our Values - Governing a Sustainable Supply Chain
Aspect B5: Supply Chain Management - KPI B5.4
Description
Description of practices used to promote environmentally preferable products and services when selecting suppliers, and how they are implemented and monitored.
Section
Sustaining Our Planet – Joining Forces to Defend Our Planet
Governing Our Values - Governing a Sustainable Supply Chain
Aspect B6: Product Responsibility - General Disclosure
Description
Information on:
(a) the policies; and
(b) compliance with relevant laws and regulations that have a significant impact on the issuer relating to health and safety, advertising, labelling and privacy matters relating to products and services provided and methods of redress
Section
The Group has adopted the Planning and Approval on Property Sales Policy.

Progressing with Our Community and People
Empowering a Prosperous Future Governing Our Values – Business Ethics and Integrity
We are currently gathering essential information to formulate relevant internal policies on advertising. Labelling was not material to our business operations.
Aspect B6: Product Responsibility - KPI B6.1
Description
Percentage of total products sold or shipped subject to recalls for safety and health reasons.
Section
There were no recalls of our products during the Reporting Period.
Aspect B6: Product Responsibility - KPI B6.2
Description
Number of products and service related complaints received and how they are dealt with.
Section
We received 751 complaints during the Reporting Period. Nonetheless, all complaints are handled with the greatest care and patience, and we ensure every issue is resolved satisfactorily.
Aspect B6: Product Responsibility - KPI B6.3
Description
Description of practices relating to observing and protecting intellectual property rights.
Section
Governing Our Values – Business Ethics and Integrity
Aspect B6: Product Responsibility - KPI B6.4
Description
Description of quality assurance process and recall procedures.
Section
Governing Our Values – Business Ethics and Integrity

A quality assurance process in relation to handover of properties is being developed. It is worth to note that the satisfaction rate for the handover process is 95%.
Aspect B6: Product Responsibility - KPI B6.5
Description
Description of consumer data protection and privacy policies, and how they are implemented and monitored.
Section
Governing Our Values - Business Ethics and Integrity
Aspect B7: Anti-corruption - General Disclosure
Description
Information on:
(a) the policies; and
(b) compliance with relevant laws and regulations that have a significant impact on the issuer relating to bribery, extortion, fraud and money laundering.
Section
The Group has adopted the Anti-Money Laundering and Counter-Terrorist Financing Policy.

Governing Our Values - Business Ethics and Integrity
Aspect B7: Anti-corruption - KPI B7.1
Description
Number of concluded legal cases regarding corrupt practices brought against the issuer or its colleagues during the Reporting Period and the outcomes of the cases.
Section
Governing Our Values - Business Ethics and Integrity

There were no concluded legal cases concluded legal cases during the Reporting Period.
Aspect B7: Anti-corruption - KPI B7.2
Description
Description of preventive measures and whistle-blowing procedures, and how they are implemented and monitored.
Section
Governing Our Values - Business Ethics and Integrity
Aspect B7: Anti-corruption - KPI B7.3
Description
Description of anti-corruption training provided to directors and staff.
Section
Governing Our Values - Business Ethics and Integrity
Aspect B8: Community Investment - General Disclosure
Description
Policies on community engagement to understand the needs of the communities where the issuer operates and to ensure its activities take into consideration the communities’ interests.
Section
The Group has adopted the Donations and Non-Commercial Sponsorship Policy.

Progressing with Our Community and People
Aspect B8: Community Investment - KPI B8.1
Description
Focus areas of contribution (e.g. education, environmental concerns, labour needs, health, culture, sport).
Section
Progressing with Our Community and People – Promoting and Preserving Arts, Culture and Heritage; Supporting and Nurturing the Next Generation; Building a Caring and Inclusive Community
Aspect B8: Community Investment - KPI B8.2
Description
Resources contributed (e.g. money or time) to the focus area.
Section
Progressing with Our Community and People – Promoting and Preserving Arts, Culture and Heritage; Supporting and Nurturing the Next Generation; Building a Caring and Inclusive Community
Appendices – Performance Data Table

GRI Content Index

The Group has reported the information cited in this GRI content index for the period from 1 July 2022 to 30 June 2023 in accordance with the GRI Standards.

GRI Standard
General Disclosures
GRI 2: General Disclosures 2021 - 2-1
Description
Organisational details
Section
About Chinachem Group
About This Report
GRI 2: General Disclosures 2021 - 2-2
Description
Entities included in the organisation’s sustainability reporting
Section
About This Report

The Group currently discloses the number of entities encompassed within the reporting boundary. A complete entity list is not provided in this Report, and we will engage in discussions with the management team in the future regarding the feasibility of disclosing relevant information.
GRI 2: General Disclosures 2021 - 2-3
Description
Reporting period, frequency and contact point
Section
About This Report

This Report was published online in March of 2024 and can be found on Chinachem Group’s dedicated Sustainability Report website.
GRI 2: General Disclosures 2021 - 2-4
Description
Restatements of information
Section
Appendices – Performance Data Table
GRI 2: General Disclosures 2021 - 2-5
Description
External assurance
Section
Assurance Report
GRI 2: General Disclosures 2021 - 2-6
Description
Activities, value chain and other business relationships
Section
About Chinachem Group
About This Report
Governing Our Value - Governing a Sustainable Supply Chain
GRI 2: General Disclosures 2021 - 2-7
Description
Employees
Section
Progressing with Our Community and People
Appendices – Performance Data Table

The Group did not disclose relevant data regarding the gender distribution of permanent, temporary, full-time, and part-time employees in this Report. We will enhance our data collection mechanism in the future and disclose the relevant information.
GRI 2: General Disclosures 2021 - 2-8
Description
Workers who are not employees
Section
The Group does not capture this data.
GRI 2: General Disclosures 2021 - 2-9
Description
Governance structure and composition
Section
Governing Our Values - Solidifying Our ESG Governance Structure

The Group is currently under the administration of court-appointed administrators. As a result, the standard process for nominating and selecting members of the highest governance body is not applicable. We will engage in discussions with the management team in the future regarding the feasibility of disclosing relevant information.
GRI 2: General Disclosures 2021 - 2-10
Description
Nomination and selection of the highest governance body
Section
Governing Our Values - Solidifying Our ESG Governance Structure
Corporate website

The Group is currently under the administration of court-appointed administrators. As a result, the standard process for nominating and selecting members of the highest governance body is not applicable. We will engage in discussions with the management team in the future regarding the feasibility of disclosing relevant information.
GRI 2: General Disclosures 2021 - 2-11
Description
Chair of the highest governance body
Section
Governing Our Value - Solidifying Our ESG Governance Structure
Corporate website
GRI 2: General Disclosures 2021 - 2-12
Description
Role of the highest governance body in overseeing the management of impacts
Section
Governing Our Value - Solidifying Our ESG Governance Structure
GRI 2: General Disclosures 2021 - 2-13
Description
Delegation of responsibility for managing impacts
Section
Governing Our Value - Solidifying Our ESG Governance Structure
GRI 2: General Disclosures 2021 - 2-14
Description
Role of the highest governance body in sustainability reporting
Section
Governing Our Value - Solidifying Our ESG Governance Structure
GRI 2: General Disclosures 2021 - 2-15
Description
Conflicts of interest
Section
Governing Our Value – Business Ethics and Integrity
GRI 2: General Disclosures 2021 - 2-16
Description
Communication of critical concerns
Section
Governing Our Value
Information not available. The Group will consider the feasibility of disclosing further information regarding the total number and the nature of critical concerns that were communicated to the Board in the future.
GRI 2: General Disclosures 2021 - 2-17
Description
Collective knowledge of the highest governance body
Section
Governing Our Value
Corporate website
Information not available. The Group will consider the feasibility of disclosing further information regarding the collective knowledge of the Board in the future.
GRI 2: General Disclosures 2021 - 2-18
Description
Evaluation of the performance of the highest governance body
Section
Governing Our Value
Information not available. The Group will consider the feasibility of disclosing further information regarding the performance evaluation of the Board in the future.
GRI 2: General Disclosures 2021 - 2-19
Description
Remuneration policies
Section
Information not disclosed due to confidentiality.
GRI 2: General Disclosures 2021 - 2-20
Description
Process to determine remuneration
Section
Information not disclosed due to confidentiality.
GRI 2: General Disclosures 2021 - 2-21
Description
Annual total compensation ratio
Section
Information not disclosed due to confidentiality.
GRI 2: General Disclosures 2021 - 2-22
Description
Statement on sustainable development strategy
Section
Message from CEO
GRI 2: General Disclosures 2021 - 2-23
Description
Policy commitments
Section
Governing Our Values - Solidifying Our ESG Governance Structure

The Group did not make our policy commitments publicly available. We will engage in discussions with the management team in the future regarding the feasibility of disclosing relevant information.
GRI 2: General Disclosures 2021 - 2-24
Description
Embedding policy commitments
Section
Governing Our Value - Solidifying Our ESG Governance Structure
GRI 2: General Disclosures 2021 - 2-25
Description
Processes to remediate negative impacts
Section
Governing Our Value - Solidifying Our ESG Governance Structure; Business Ethics and Integrity; Risk Management and Internal Control
GRI 2: General Disclosures 2021 - 2-26
Description
Mechanisms for seeking advice and raising concerns
Section
Governing Our Value - Solidifying Our ESG Governance Structure; Business Ethics and Integrity; Risk Management and Internal Control
GRI 2: General Disclosures 2021 - 2-27
Description
Compliance with laws and regulations
Section
During the Reporting Period, the Group has not been subject to any significant fines or non-monetary sanctions due to non-compliance with relevant laws or regulations.
GRI 2: General Disclosures 2021 - 2-28
Description
Membership associations
Section
Appendix - Charters, Pledges and Memberships
GRI 2: General Disclosures 2021 - 2-29
Description
Approach to stakeholder engagement
Section
Governing Our Value - Stakeholder Engagement and Materiality Assessment
GRI 2: General Disclosures 2021 - 2-30
Description
Collective bargaining agreements
Section
The Group does not involve in any collective bargaining agreements.
GRI Standard
Material Topics
GRI 3: Material Topics 2021 - 3-1
Description
Process to determine material topics
Section
Governing Our Value - Stakeholder Engagement and Materiality Assessment
GRI 3: Material Topics 2021 - 3-2
Description
List of material topics
Section
Governing Our Value - Stakeholder Engagement and Materiality Assessment
GRI Standard
Economic Performance
GRI 3: Material Topics 2021 - 3-3
Description
Management of material topics
Section
Governing Our Value - Stakeholder Engagement and Materiality Assessment
GRI 201: Economic Performance 2016 - 201-1
Description
Direct economic value generated and distributed
Section
About Chinachem Group
Empowering a Prosperous Future

The Group did not disclose data related to economic value distributed: including operating costs, employee wages and benefits, payments to providers of capital, and payments to government by country due to confidentiality. We will engage in discussions with the management team in the future regarding the feasibility of disclosing relevant information.
GRI 201: Economic Performance 2016 - 201-2
Description
Financial implications and other risks and opportunities due to climate change
Section
Sustaining Our Planet – Climate Adaptation and Resilience – Response to TCFD Recommendations

During the Reporting Period, the Group undertook an initial assessment of climate-related risks and opportunities. We are currently in the process of quantifying the financial impact of these risks and opportunities on our operations. We will engage in discussions with the management team in the future regarding the feasibility of disclosing relevant information.
GRI Standard
Anti-Corruption
GRI 3: Material Topics 2021 - 3-3
Description
Management of material topics
Section
Governing Our Value
GRI 205: Anti-corruption 2016 - 205-1
Description
Operations assessed for risks related to corruption
Section
Governing Our Value - Business Ethics and Integrity; Risk Management and Internal Control
GRI 205: Anti-corruption 2016 - 205-2
Description
Communication and training about anti-corruption policies and procedures
Section
Governing Our Values - Business Ethics and Integrity; Risk Management and Internal Control

The Group did not disclose data regarding the number and percentage of governance body members and business partners that our anti-corruption policies and procedures have been communicated to, as well as the number and percentage of governance body members that have received training on anti-corruption. We will enhance our data collection mechanism in the future and disclose the relevant information.
GRI 205: Anti-corruption 2016 - 205-3
Description
Confirmed incidents of corruption and actions taken
Section
Governing Our Value - Business Ethics and Integrity; Risk Management and Internal Control
GRI Standard
Energy
GRI 3: Material Topics 2021 - 3-3
Description
Management of material topics
Section
Governing Our Value - Stakeholder Engagement and Materiality Assessment
Sustaining Our Planet
GRI 302: Energy 2016 - 302-1
Description
Energy consumption within the organisation
Section
Appendices – Performance Data Table
GRI 302: Energy 2016 - 302-2
Description
Energy consumption outside of the organisation
Section
Sustaining Our Planet – Accelerating Green Transformation CCG 3050+

The Group has identified its material upstream and downstream categories and activities according to the ‘GHG Protocol Corporate Value Chain (Scope 3) Accounting and Reporting Standard’ for relevant energy consumption outside of the organisation, but the actual consumption data is not disclosed. We will enhance our data collection mechanism for future disclosures.
GRI 302: Energy 2016 - 302-3
Description
Energy intensity
Section
Appendices – Performance Data Table
GRI 302: Energy 2016 - 302-5
Description
Reductions in energy requirements of products and services
Section
Sustaining Our Planet – Accelerating Green Transformation
Appendices – Performance Data Table
GRI Standard
Water
GRI 3: Material Topics 2021 - 3-3
Description
Management of material topics
Section
Sustaining Our Planet
GRI 303: Water and Effluents 2018 - 303-4
Description
Water discharge
Section
Sustaining Our Planet – Accelerating Green Transformation
Appendices – Performance Data Table
GRI 303: Water and Effluents 2018 - 303-5
Description
Water consumption
Section
Sustaining Our Planet
GRI Standard
Emissions
GRI 3: Material Topics 2021 - 3-3
Description
Management of material topics
Section
Sustaining Our Planet
GRI 305: Emissions 2016 - 305-1
Description
Direct (Scope 1) GHG emissions
Section
Sustaining Our Planet – Accelerating Green Transformation; Climate Adaptation and Resilience – Response to TCFD Recommendations
Appendices – Performance Data Table
GRI 305: Emissions 2016 - 305-2
Description
Energy indirect (Scope 2) GHG emissions
Section
Sustaining Our Planet – Accelerating Green Transformation;
Climate Adaptation and Resilience – Response to TCFD Recommendations
Appendices – Performance Data Table
GRI 305: Emissions 2016 - 305-4
Description
GHG emissions intensity
Section
Appendices – Performance Data Table
GRI 305: Emissions 2016 - 305-5
Description
Reduction of greenhouse gas emissions
Section
Sustaining Our Planet – Accelerating Green Transformation;
Climate Adaptation and Resilience – Response to TCFD Recommendations
Appendices – Performance Data Table
GRI 305: Emissions 2016 - 305-7
Description
Nitrogen oxides (NOx), sulphur oxides (SOx), and other significant air emissions
Section
Appendices – Performance Data Table
GRI Standard
Waste
GRI 3: Material Topics 2021 - 3-3
Description
Management of material topics
Section
Sustaining Our Planet
GRI 306: Waste 2020 - 306-1
Description
Waste generation and significant waste - related impacts
Section
Sustaining Our Planet – Accelerating Green Transformation
GRI 306: Waste 2020 - 306-2
Description
Management of significant waste-related impacts
Section
Sustaining Our Planet – Accelerating Green Transformation
GRI 306: Waste 2020 - 306-3
Description
Waste generated
Section
Sustaining Our Planet – Accelerating Green Transformation
Appendices – Performance Data Table
GRI 306: Waste 2020 - 306-4
Description
Waste diverted from disposal
Section
Sustaining Our Planet – Accelerating Green Transformation
Appendices – Performance Data Table
GRI 306: Waste 2020 - 306-5
Description
Waste directed to disposal
Section
Sustaining Our Planet – Accelerating Green Transformation
Appendices – Performance Data Table
GRI Standard
Supplier Environmental Assessment
GRI 3: Material Topics 2021 - 3-3
Description
Management of material topics
Section
Sustaining Our Planet
GRI 308: Supplier Environmental Assessment 2016 - 308-1
Description
New suppliers that were screened using environmental criteria
Section
Sustaining Our Planet – Joining Forces to Defend Our Planet
Appendices – Performance Data Table
GRI Standard
Employment
GRI 3: Material Topics 2021 - 3-3
Description
Management of material topics
Section
Progressing with Our Community and People
GRI 401: Employment 2016 - 401-1
Description
New employee hires and employee turnover
Section
Appendices – Performance Data Table
GRI 401: Employment 2016 - 401-2
Description
Benefits provided to full-time employees that are not provided to temporary or part-time employees
Section
Progressing with Our Community and People – Caring and Bonding Among Our People
Appendices – Performance Data Table
GRI 401: Employment 2016 - 401-3
Description
Parental leave
Section
Appendices – Performance Data Table

During the Reporting Period, the Group has 17 male and 20 female employees that returned to work after parental leave ended.

However, the Group did not disclose data regarding employees that returned to work after parental leave ended that were still employed 12 months after their return to work and retention rates of employees that took parental leave. We will enhance our data collection mechanism for future disclosures.
GRI Standard
Occupational Health and Safety
GRI 3: Material Topics 2021 - 3-3
Description
Management of material topics
Section
Progressing with Our Community and People
GRI 403: Occupational Health and Safety 2018 - 403-1
Description
Occupational health and safety management system
Section
Progressing with Our Community and People - Reinforcing a Healthy and Safe Environment for Our People and Community
GRI 403: Occupational Health and Safety 2018 - 403-2
Description
Hazard identification, risk assessment, and incident investigation
Section
Progressing with Our Community and People - Reinforcing a Healthy and Safe Environment for Our People and Community

The Group did not disclose data regarding the policies and processes for workers to remove themselves from work situations that they believe could cause injury or ill health, and an explanation of how workers are protected against reprisals. We will enhance our data collection mechanism for future disclosures.
GRI 403: Occupational Health and Safety 2018 - 403-5
Description
Worker training on occupational health and safety
Section
Progressing with Our Community and People - Reinforcing a Healthy and Safe Environment for Our People and Community
GRI 403: Occupational Health and Safety 2018 - 403-6
Description
Promotion of worker health
Section
Progressing with Our Community and People - Reinforcing a Healthy and Safe Environment for Our People and Community
GRI 403: Occupational Health and Safety 2018 - 403-7
Description
Prevention and mitigation of occupational health and safety impacts directly linked by business relationships
Section
Progressing with Our Community and People - Reinforcing a Healthy and Safe Environment for Our People and Community
GRI 403: Occupational Health and Safety 2018 - 403-8
Description
Workers covered by an occupational health and safety management system
Section
Progressing with Our Community and People - Reinforcing a Healthy and Safe Environment for Our People and Community
Appendices – Performance Data Table

The Group did not disclose data regarding the policies and processes for workers to remove themselves from work situations that they believe could cause injury or ill health, and an explanation of how workers are protected against reprisals. We will enhance our data collection mechanism for future disclosures.
GRI 403: Occupational Health and Safety 2018 - 403-9
Description
Work-related injuries
Section
Appendices – Performance Data Table
GRI 403: Occupational Health and Safety 2018 - 403-10
Description
Work-related ill health
Section
Appendices – Performance Data Table
GRI Standard
Training and Education
GRI 3: Material Topics 2021 - 3-3
Description
Management of material topics
Section
Progressing with Our Community and People
GRI 404: Training and Education 2016 - 404-1
Description
Average hours of training per year per employee
Section
Progressing with Our Community and People - Reimaging the Learning Experience to Encourage Continuous Learning
Appendices – Performance Data Table
GRI 404: Training and Education 2016 - 404-2
Description
Programmes for upgrading employee skills and transition assistance programmes
Section
Progressing with Our Community and People - Reimaging the Learning Experience to Encourage Continuous Learning
Appendices – Performance Data Table

The Group did not disclose data regarding the transition assistance programmes provided to facilitate continued employability and the management of career endings resulting from retirement or termination of employment in this Report. We will enhance our data collection mechanism for future disclosures.
GRI 404: Training and Education 2016 - 404-3
Description
Percentage of colleagues receiving regular performance and career development reviews
Section
Progressing with Our Community and People - Reimaging the Learning Experience to Encourage Continuous Learning
Appendices – Performance Data Table
GRI Standard
Diversity and Equal Opportunity
GRI 3: Material Topics 2021 - 3-3
Description
Management of material topics
Section
Progressing with Our Community and People
GRI 405: Diversity and Equal Opportunity 2016 - 405-1
Description
Diversity of governance bodies and colleagues
Section
Appendices – Performance Data Table
GRI 405: Diversity and Equal Opportunity 2016 - 405-2
Description
Ratio of basic salary and remuneration of women to men
Section
The same policies for remuneration and benefits apply to all employees, irrespective of gender, religion, origin, age, disability or sexual orientation.
The ratio of basic salary and remuneration of women to men is not disclosed due to confidentiality.
GRI Standard
Non-discrimination
GRI 3: Material Topics 2021 - 3-3
Description
Management of material topics
Section
Progressing with Our Community and People
GRI 406: Non-discrimination 2016 - 406-1
Description
Incidents of discrimination and corrective actions taken
Section
There were no confirmed incidents or non-compliances or grievances during the Reporting Period.
GRI Standard
Child Labor
GRI 3: Material Topics 2021 - 3-3
Description
Management of material topics
Section
Progressing with Our Community and People
GRI 408: Child Labor 2016 - 408-1
Description
Operations and suppliers at significant risk for incidents of child labour
Section
The Group strictly prohibits the employment of any child or forced labour. In our recruitment process, all candidates are required to provide their valid identification documents and all terms and conditions in the employment contract are clearly communicated with the candidate.
Governing Our Value - Governing a Sustainable Supply Chain
GRI Standard
Forced or Compulsory Labor
GRI 3: Material Topics 2021 - 3-3
Description
Management of material topics
Section
Progressing with Our Community and People
GRI 409: Forced or Compulsory Labor 2016 - 409-1
Description
Operations and suppliers at significant risk for incidents of forced or compulsory labour
Section
The Group’s operation is not considered to have significant risk for incidents of forced or compulsory labour.
Governing Our Value - Governing a Sustainable Supply Chain
GRI Standard
Local Communities
GRI 3: Material Topics 2021 - 3-3
Description
Management of material topics
Section
Progressing with Our Community and People
GRI 413: Local Communities 2016 - 413-1
Description
Operations with local community engagement, impact assessments, and development programmes
Section
Progressing with Our Community and People - Building a Caring and Inclusive Community

The Group did not publicly disclose the results of environmental and social impact assessments. We will engage in discussions with the management team in the future regarding the feasibility of disclosing relevant information.
GRI Standard
Supplier Social Assessment
GRI 3: Material Topics 2021 - 3-3
Description
Management of material topics
Section
Governing Our Value - Governing a Sustainable Supply Chain
GRI 414: Supplier Social Assessment 2016 - 414-1
Description
New suppliers that were screened using social criteria
Section
Appendices – Performance Data Table
GRI Standard
Customer Health and Safety
GRI 3: Material Topics 2021 - 3-3
Description
Management of material topics
Section
Empowering a Prosperous Future
GRI 416: Customer Health and Safety 2016 - 416-1
Description
Assessment of the health and safety impacts of product and service categories
Section
Empowering a Prosperous Future - Investing in Healthcare for a Liveable Intergenerational Community
GRI 416: Customer Health and Safety 2016 - 416-2
Description
Incidents of non-compliance concerning the health and safety impacts of products and services
Section
There were no confirmed incidents or non-compliances regarding the health and safety impacts of products and services during the Reporting Period.
Empowering a Prosperous Future
GRI Standard
Customer Privacy
GRI 3: Material Topics 2021 - 3-3
Description
Management of material topics
Section
Governing Our Value - Business Ethics and Integrity
GRI 418: Customer Privacy 2016 - 481-1
Description
Substantiated complaints concerning breaches of customer privacy and losses of customer data
Section
Governing Our Value - Business Ethics and Integrity
There were no confirmed incidents or non-compliances regarding breaches of customer privacy and losses of customer data during the Reporting Period.

ISSB Standards Content Index

IFRS S2 Content Index

The IFRS S2 Climate-related Disclosures (“IFRS S2”) was introduced by the International Sustainability Standards Board (“ISSB”) in June 2023. This introduction signifies a crucial turning point in the realm of sustainability disclosures within the global financial markets, enhancing the reliability and credibility of corporate sustainability information for investment decision-making. Our Group, as one of the pioneers in Hong Kong, now prepare our disclosure with reference to IFRS S2. Additionally, we aim to incorporating the ISSB‘s IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information (“IFRS S1”) and other relevant standards in the future, with a goal of elevating the clarity of our sustainability communications. The IFRS S2 Content Index is available in English only.

Reference Paragraph IFRS Core Content
Governance
5
The objective of climate-related financial disclosures on governance is to enable users of general purpose financial reports to understand the governance processes, controls and procedures an entity uses to monitor, manage and oversee climate-related risks and opportunities.
6
To achieve this objective, an entity shall disclose information about:
  1. the governance body(s) (which can include a board, committee or equivalent body charged with governance) or individual(s) responsible for oversight of climate-related risks and opportunities. Specifically, the entity shall identify that body(s) or individual(s) and disclose information about:
    1. how responsibilities for climate-related risks and opportunities are reflected in the terms of reference, mandates, role descriptions and other related policies applicable to that body(s) or individual(s);
    2. how the body(s) or individual(s) determines whether appropriate skills and competencies are available or will be developed to oversee strategies designed to respond to climate-related risks and opportunities;
    3. how and how often the body(s) or individual(s) is informed about climate- related risks and opportunities;
    4. how the body(s) or individual(s) takes into account climate-related risks and opportunities when overseeing the entity’s strategy, its decisions on major transactions and its risk management processes and related policies, including whether the body(s) or individual(s) has considered trade-offs associated with those risks and opportunities; and
    5. how the body(s) or individual(s) oversees the setting of targets related to climate-related risks and opportunities, and monitors progress towards those targets (see paragraphs 33–36), including whether and how related performance metrics are included in remuneration policies (see paragraph 29(g).
  1. management’s role in the governance processes, controls and procedures used to monitor, manage and oversee climate-related risks and opportunities, including information about:
    1. whether the role is delegated to a specific management-level position or management-level committee and how oversight is exercised over that position or committee; and
    2. whether management uses controls and procedures to support the oversight of climate-related risks and opportunities and, if so, how these controls and procedures are integrated with other internal functions.
Reference
Chapters/Remarks
Sustaining Our Planet – Accelerating Green Transformation; Climate Adaptation and Resilience – Response to TCFD

Governing Our Value - Solidifying Our ESG Governance Structure; Risk Management and Internal Control
8
The objective of climate-related financial disclosures on strategy is to enable users of general purpose financial reports to understand an entity’s strategy for managing climate-related risks and opportunities.
9
Specifically, an entity shall disclose information to enable users of general purpose financial reports to understand:
  1. the climate-related risks and opportunities that could reasonably be expected to affect the entity’s prospects;
  1. the current and anticipated effects of those climate-related risks and opportunities on the entity’s business model and value chain;
  1. the effects of those climate-related risks and opportunities on the entity’s strategy and decision-making, including information about its climate-related transition plan;
  1. the effects of those climate-related risks and opportunities on the entity’s financial position, financial performance and cash flows for the reporting period, and their anticipated effects on the entity’s financial position, financial performance and cash flows over the short, medium and long term, taking into consideration how those climate-related risks and opportunities have been factored into the entity’s financial planning; and
  1. the climate resilience of the entity’s strategy and its business model to climate-related changes, developments and uncertainties, taking into consideration the entity’s identified climate-related risks and opportunities.
Reference
Chapters/Remarks
Sustaining Our Planet – Accelerating Green Transformation;
Climate Adaptation and Resilience – Response to TCFD
Reference Paragraph IFRS Core Content
Climate-related Risks and Opportunities
10
An entity shall disclose information that enables users of general purpose financial reports to understand the climate-related risks and opportunities that could reasonably be expected to affect the entity’s prospects.
Specifically, the entity shall:
  1. describe climate-related risks and opportunities that could reasonably be expected to affect the entity’s prospects;
  1. explain, for each climate-related risk the entity has identified, whether the entity considers the risk to be a climate-related physical risk or climate-related transition risk;
  1. specify, for each climate-related risk and opportunity the entity has identified, over which time horizons — short, medium or long term — the effects of each climate-related risk and opportunity could reasonably be expected to occur; and
  1. explain how the entity defines ‘short term’, ‘medium term’ and ‘long term’ and how these definitions are linked to the planning horizons used by the entity for strategic decision-making.
Reference
Chapters/Remarks
Sustaining Our Planet – Accelerating Green Transformation;
Climate Adaptation and Resilience – Response to TCFD
Reference Paragraph IFRS Core Content
Business Model and Value Chain
13
An entity shall disclose information that enables users of general purpose financial reports to understand the current and anticipated effects of climate-related risks and opportunities on the entity’s business model and value chain. Specifically, the entity shall disclose:
  1. a description of the current and anticipated effects of climate-related risks and opportunities on the entity’s business model and value chain; and
  1. a description of where in the entity’s business model and value chain climate-related risks and opportunities are concentrated.
Reference
Chapters/Remarks
Information not available.
The Group will consider the feasibility of disclosing further information regarding our Business Model and Value Chain in the future.
Reference Paragraph IFRS Core Content
Strategy and Decision-making
14
An entity shall disclose information that enables users of general purpose financial reports to understand the effects of climate-related risks and opportunities on its strategy and decision-making. Specifically, the entity shall disclose:
  1. information about how the entity has responded to, and plans to respond to, climate-related risks and opportunities in its strategy and decision-making, including how the entity plans to achieve any climate-related targets it has set and any targets it is required to meet by law or regulation. Specifically, the entity shall disclose information about:
    1. current and anticipated changes to the entity’s business model, including its resource allocation, to address climate-related risks and opportunities;
    2. current and anticipated direct mitigation and adaptation efforts;
    3. current and anticipated indirect mitigation and adaptation efforts;
    4. any climate-related transition plan the entity has, including information about key assumptions used in developing its transition plan, and dependencies on which the entity’s transition plan relies; and
    5. how the entity plans to achieve any climate-related targets, including any greenhouse gas emissions targets.
  1. information about how the entity is resourcing, and plans to resource, the activities disclosed.
  1. quantitative and qualitative information about the progress of plans disclosed in previous reporting periods.
Reference
Chapters/Remarks
Information not available.
The Group will consider the feasibility of disclosing further information regarding our Business Model and Value Chain in the future.
Reference Paragraph IFRS Core Content
Financial Position, Financial Performance and Cash Flows
15
An entity shall disclose information that enables users of general purpose financial reports to understand:
  1. the effects of climate-related risks and opportunities on the entity’s financial position, financial performance and cash flows for the reporting period; and
  1. the anticipated effects of climate-related risks and opportunities on the entity’s financial position, financial performance and cash flows over the short, medium and long term, taking into consideration how climate-related risks and opportunities are included in the entity’s financial planning.
Reference
Chapters/Remarks
Information not available.
The Group will consider the feasibility of disclosing further information regarding our Business Model and Value Chain in the future.
16
Specifically, an entity shall disclose quantitative and qualitative information about:
  1. how climate-related risks and opportunities have affected its financial position, financial performance and cash flows for the reporting period;
  1. the climate-related risks and opportunities identified for which there is a significant risk of a material adjustment within the next annual reporting period to the carrying amounts of assets and liabilities reported in the related financial statements;
  1. how the entity expects its financial position to change over the short, medium and long term, given its strategy to manage climate-related risks and opportunities, taking into consideration:
    1. its investment and disposal plans, including plans the entity is not contractually committed to; and
    2. its planned sources of funding to implement its strategy; and
  1. how the entity expects its financial performance and cash flows to change over the short, medium and long term, given its strategy to manage climate-related risks and opportunities.
Reference
Chapters/Remarks
Information not available.
The Group will consider the feasibility of disclosing further information regarding our Business Model and Value Chain in the future.
Reference Paragraph IFRS Core Content
Climate Resilience
22
An entity shall disclose information that enables users of general purpose financial reports to understand the resilience of the entity’s strategy and business model to climate-related changes, developments and uncertainties, taking into consideration the entity’s identified climate-related risks and opportunities. The entity shall use climate- related scenario analysis to assess its climate resilience using an approach that is commensurate with the entity’s circumstances. In providing quantitative information, the entity may disclose a single amount or a range.
Specifically, the entity shall disclose:
  1. the entity’s assessment of its climate resilience as at the reporting date, which shall enable users of general purpose financial reports to understand:
    1. the implications, if any, of the entity’s assessment for its strategy and business model, including how the entity would need to respond to the effects identified in the climate-related scenario analysis;
    2. the significant areas of uncertainty considered in the entity’s assessment of its climate resilience;
    3. the entity’s capacity to adjust or adapt its strategy and business model to climate change over the short, medium and long term, including:
      1. the availability of, and flexibility in, the entity’s existing financial resources to respond to the effects identified in the climate-related scenario analysis, including to address climate- related risks and to take advantage of climate-related opportunities;
      2. the entity’s ability to redeploy, repurpose, upgrade or decommission existing assets; and
      3. the effect of the entity’s current and planned investments in climate-related mitigation, adaptation and opportunities for climate resilience; and
  1. how and when the climate-related scenario analysis was carried out, including:
    1. information about the inputs the entity used, including:
      1. which climate-related scenarios the entity used for the analysis and the sources of those scenarios;
      2. whether the analysis included a diverse range of climate-related scenarios;
      3. whether the climate-related scenarios used for the analysis are associated with climate-related transition risks or climate-related physical risks;
      4. whether the entity used, amongst its scenarios, a climate-related scenario aligned with the latest international agreement on climate change;
      5. why the entity decided that its chosen climate-related scenarios are relevant to assessing its resilience to climate-related changes, developments or uncertainties;
      6. the time horizons the entity used in the analysis; and
      7. what scope of operations the entity used in the analysis;
    2. the key assumptions the entity made in the analysis, including assumptions about:
      1. climate-related policies in the jurisdictions in which the entity operates;
      2. macroeconomic trends;
      3. national- or regional-level variables;
      4. energy usage and mix; and
      5. developments in technology; and
    3. the reporting period in which the climate-related scenario analysis was carried out.
Reference
Chapters/Remarks
Information not available.
The Group will consider the feasibility of disclosing further information regarding our Business Model and Value Chain in the future.
Reference Paragraph IFRS Core Content
Risk Management
24
The objective of climate-related financial disclosures on risk management is to enable users of general purpose financial reports to understand an entity’s processes to identify, assess, priorities and monitor climate-related risks and opportunities, including whether and how those processes are integrated into and inform the entity’s overall risk management process.
25
To achieve this objective, an entity shall disclose information about:
  1. the processes and related policies the entity uses to identify, assess, prioritise and monitor climate-related risks, including information about:
    1. the inputs and parameters the entity uses (for example, information about data sources and the scope of operations covered in the processes);
    2. whether and how the entity uses climate-related scenario analysis to inform its identification of climate-related risks;
    3. how the entity assesses the nature, likelihood and magnitude of the effects of those risks (for example, whether the entity considers qualitative factors, quantitative thresholds or other criteria);
    4. whether and how the entity prioritises climate-related risks relative to other types of risk;
    5. how the entity monitors climate-related risks; and
    6. whether and how the entity has changed the processes it uses compared with the previous reporting period;
  1. the processes the entity uses to identify, assess, prioritise and monitor climate-related opportunities, including information about whether and how the entity uses climate-related scenario analysis to inform its identification of climate-related opportunities; and
  1. the extent to which, and how, the processes for identifying, assessing, prioritising and monitoring climate-related risks and opportunities are integrated into and inform the entity’s overall risk management process.
Reference
Chapters/Remarks
Sustaining Our Planet – Climate Adaptation and Resilience – Response to TCFD

Governing Our Value - Solidifying Our ESG Governance Structure; Risk Management and Internal Control
Reference Paragraph IFRS Core Content
Metrics and Targets
27
The objective of climate-related financial disclosures on metrics and targets is to enable users of general purpose financial reports to understand an entity’s performance in relation to its climate-related risks and opportunities, including progress towards any climate-related targets it has set, and any targets it is required to meet by law or regulation.
28
To achieve this objective, an entity shall disclose:
  1. information relevant to the cross-industry metric categories;
  1. industry-based metrics that are associated with particular business models, activities or other common features that characterise participation in an industry; and
  1. targets set by the entity, and any targets it is required to meet by law or regulation, to mitigate or adapt to climate-related risks or take advantage of climate-related opportunities, including metrics used by the governance body or management to measure progress towards these targets.
Reference
Chapters/Remarks
Sustaining Our Planet – Climate Adaptation and Resilience – Response to TCFD
Reference Paragraph IFRS Core Content
Climate-related Metrics
29
An entity shall disclose information relevant to the cross-industry metric categories of:
  1. greenhouse gases — the entity shall:
    1. disclose its absolute gross greenhouse gas emissions generated during the reporting period, expressed as metric tonnes of CO2 equivalent, classified as:
      1. Scope 1 greenhouse gas emissions;
      2. Scope 2 greenhouse gas emissions; and
      3. Scope 3 greenhouse gas emissions;
    2. measure its greenhouse gas emissions in accordance with the Greenhouse Gas Protocol: A Corporate Accounting and Reporting Standard (2004) unless required by a jurisdictional authority or an exchange on which the entity is listed to use a different method for measuring its greenhouse gas emissions;
Reference
Chapters/Remarks
Sustaining Our Planet – Climate Adaptation and Resilience – Response to TCFD

Appendices – Performance Data Table

Scope 3 GHG data is not available. The Group will consider disclosing further information regarding our scope 3 GHG emission in the future.
  1. disclose the approach it uses to measure its greenhouse gas emissions including:
    1. the measurement approach, inputs and assumptions the entity uses to measure its greenhouse gas emissions;
    2. the reason why the entity has chosen the measurement approach, inputs and assumptions it uses to measure its greenhouse gas emissions; and
    3. any changes the entity made to the measurement approach, inputs and assumptions during the reporting period and the reasons for those changes;
  2. for Scope 1 and Scope 2 greenhouse gas emissions disclosed, disaggregate emissions between:
    1. the consolidated accounting group; and
    2. other investees;
  3. for Scope 2 greenhouse gas emissions disclosed, disclose its location-based Scope 2 greenhouse gas emissions, and provide information about any contractual instruments that is necessary to inform users’ understanding of the entity’s Scope 2 greenhouse gas emissions; and
Reference
Chapters/Remarks
Sustaining Our Planet – Climate Adaptation and Resilience – Response to TCFD

Appendices – Performance Data Table
  1. for Scope 3 greenhouse gas emissions disclosed, disclose:
    1. the categories included within the entity’s measure of Scope 3 greenhouse gas emissions, in accordance with the Scope 3 categories described in the Greenhouse Gas Protocol Corporate Value Chain (Scope 3) Accounting and Reporting Standard (2011); and
    2. additional information about the entity’s Category 15 greenhouse gas emissions or those associated with its investments (financed emissions), if the entity’s activities include asset management, commercial banking or insurance;
Reference
Chapters/Remarks
Scope 3 GHG data is not available. The Group will consider disclosing further information regarding our scope 3 GHG emission in the future.
  1. climate-related transition risks — the amount and percentage of assets or business activities vulnerable to climate-related transition risks;
  1. climate-related physical risks — the amount and percentage of assets or business activities vulnerable to climate-related physical risks;
  1. climate-related opportunities — the amount and percentage of assets or business activities aligned with climate-related opportunities;
  1. capital deployment — the amount of capital expenditure, financing or investment deployed towards climate-related risks and opportunities;
  1. internal carbon prices — the entity shall disclose:
    1. an explanation of whether and how the entity is applying a carbon price in decision-making; and
    2. the price for each metric tonne of greenhouse gas emissions the entity uses to assess the costs of its greenhouse gas emissions;
  1. remuneration — the entity shall disclose:
    1. a description of whether and how climate-related considerations are factored into executive remuneration; and
    2. the percentage of executive management remuneration recognised in the current period that is linked to climate-related considerations.
Reference
Chapters/Remarks
Information not available. The Group will consider enhancing relevant information in the future.
32
An entity shall disclose industry-based metrics that are associated with one or more particular business models, activities or other common features that characterise participation in an industry
Reference Paragraph IFRS Core Content
Climate-related Targets
33
An entity shall disclose the quantitative and qualitative climate-related targets it has set to monitor progress towards achieving its strategic goals, and any targets it is required to meet by law or regulation, including any greenhouse gas emissions targets. For each target, the entity shall disclose:
  1. the metric used to set the target;
  1. the objective of the target;
  1. the part of the entity to which the target applies;
  1. the period over which the target applies;
  1. the base period from which progress is measured;
  1. any milestones and interim targets;
  1. if the target is quantitative, whether it is an absolute target or an intensity target; and
  1. how the latest international agreement on climate change, including jurisdictional commitments that arise from that agreement, has informed the target.
Reference
Chapters/Remarks
Sustaining Our Planet – Climate Adaptation and Resilience – Response to TCFD

CCG 3050+
34
An entity shall disclose information about its approach to setting and reviewing each target, and how it monitors progress against each target, including:
  1. whether the target and the methodology for setting the target has been validated by a third party;
  1. the entity’s processes for reviewing the target;
  1. the metrics used to monitor progress towards reaching the target; and
  1. any revisions to the target and an explanation for those revisions.
Reference
Chapters/Remarks
Sustaining Our Planet – Climate Adaptation and Resilience – Response to TCFD

CCG 3050+
35
An entity shall disclose information about its performance against each climate-related target and an analysis of trends or changes in the entity’s performance.
Reference
Chapters/Remarks
Sustaining Our Planet – Climate Adaptation and Resilience – Response to TCFD

CCG 3050+
36
For each greenhouse gas emissions target disclosed, an entity shall disclose:
  1. which greenhouse gases are covered by the target.
  1. whether Scope 1, Scope 2 or Scope 3 greenhouse gas emissions are covered by the target.
  1. whether the target is a gross greenhouse gas emissions target or net greenhouse gas emissions target. If the entity discloses a net greenhouse gas emissions target, the entity is also required to separately disclose its associated gross greenhouse gas emissions target.
  1. whether the target was derived using a sectoral decarbonisation approach.
  1. the entity’s planned use of carbon credits to offset greenhouse gas emissions to achieve any net greenhouse gas emissions target. In explaining its planned use of carbon credits the entity shall disclose information including:
    1. the extent to which, and how, achieving any net greenhouse gas emissions target relies on the use of carbon credits;
    2. which third-party scheme(s) will verify or certify the carbon credits;
    3. the type of carbon credit, including whether the underlying offset will be nature-based or based on technological carbon removals, and whether the underlying offset is achieved through carbon reduction or removal; and
    4. any other factors necessary for users of general purpose financial reports to understand the credibility and integrity of the carbon credits the entity plans to use.
Reference
Chapters/Remarks
Sustaining Our Planet – Climate Adaptation and Resilience – Response to TCFD

CCG 3050+

Verification Statement

Scope and Objective

signature

Hong Kong Quality Assurance Agency (“HKQAA”) has been engaged by Chinachem Group (“CCG”) to undertake an independent verification of its “Sustainability Report 2022 – 2023” (“the Report”). The Report stated the sustainability performance of CCG for the period from 1st July 2022 to 30th June 2023 for its operations in Hong Kong.

The aim of this verification is to provide reasonable assurance of the reliability of the report contents. The Report has been prepared in accordance with the Global Reporting Initiative’s (“GRI”) Standards and its latest Universal Standards 2021 and Appendix C2 “Environmental, Social and Governance Reporting Guide” (“ESG Guide”) of the Main Board Listing Rules of The Stock Exchange of Hong Kong Limited (“HKEx”). The Report also references selected disclosures, or parts of their content, from the Task Force on Climate-related Financial Disclosures (“TCFD”) recommendations and the International Sustainability Standards Board (“ISSB”) IFRS S2 Climate-related Disclosures (“IFRS S2”).

Level of Assuranceand Methodology

The process applied in this verification was based on the International Standard on Assurance Engagements 3000 (Revised), “Assurance Engagements Other Than Audits or Reviews of Historical Financial Information issued by the International Auditing and Assurance Standards Board”. Our evidence-gathering process was designed to obtain a reasonable level of assurance as set out in the standard for the purpose of devising the verification conclusion. The extent of this verification process covered the criteria set in GRI Standards and its latest Universal Standards 2021, the ESG Guide, TCFD recommendations and IFRS S2.

The verification process included verifying information relevant to reporting and management procedures, including stakeholder engagement methods and results and materiality assessment processes. In addition, system and process for collecting, collating and reporting sustainability performance data were verified. Raw data and supporting evidence of the selected representative samples were also thoroughly examined during the verification process.

Independence

CCG is responsible for the collection and presentation of the information presented. HKQAA does not involve in the collection and calculation of data or the compilation of the reporting contents. Our verification activities are independent from CCG. There was no relationship between HKQAA and CCG that would affect the independence and impartiality of HKQAA for providing the verification service. HKQAA’s Code of Conduct with regard to integrity, impartiality and confidentiality has been strictly followed.

Conclusion

Based on the verification results,HKQAA has obtained reasonable assurance and is of the opinion that:

  • The Report has been prepared in accordance with the GRI Standards and its latest Universal Standards 2021 and the ESG Guide and referencesTCFD’s recommendations and IFRS S2;

  • The Report illustrates the sustainability performance of CCG in a balanced, comparable, clear, consistentand timely manner; and

  • The data and information disclosed in the Report are accurate,reliable and complete.

Nothing has come to HKQAA’s attention that the selected sustainability performance information and data contained in the Report have not been prepared and presented fairly and honestly, in material aspects, in accordance with the verification criteria. In conclusion, the Report reflects truthfully the sustainability commitments, stewardship and performance of CCG, and discloses transparently their sustainability performance that is commensurate with their sustainability context and materiality.

Signed on behalf of Hong Kong Quality Assurance Agency

appendice-sign

K T Ting
Chief Operating Officer
March 2024

RECOGNITION & MEMBERSHIP

GRESB
science based targets
CDP
usgbc member
business environment council
asian corporate coalition for climate change resilience
HKGBC
WWF silver member