Appendices

Performance Data

Environmental Data

Energy Consumption¹		FY2022/23	FY2021/22	FY2020/21
Purchased electricity	MWh	100,931.65	103,701.63	109,316.12
Towngas	MWh	5,419.11	4,902.00	4,694.10
Petrol	MWh	597.28²	325.72	317.75
Diesel	MWh	62.70²	1.26	16.23
Total energy consumption	MWh	107,010.74	108,930.61	114,364.20
Energy intensity	kWh / m²	123.55³	128.89	131.59

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		FY2022/23	FY2021/22	FY2020/21
Direct carbon emissions (Scope 1)⁵	tCO₂e	1,293.63	1,076.68	1,068.03
Indirect carbon emissions (Scope 2)⁶	tCO₂e	47,785.81	49,177.06	50,697.10
Total carbon emissions (Scope 1 & 2)	tCO₂e	49,079.44	50,253.74	51,765.13
Carbon emissions intensity (Scope 1 & 2)	tCO₂e / m²	0.057	0.059	0.060

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		FY2022/23	FY2021/22	FY2020/21
Sulphur oxides	kg	1.39²	0.834	0.844
Nitrogen oxides	kg	301.93²	87.68	88.06
Particulate Matter	kg	20.47²	1.26	1.62

Air Emissions⁷

Sulphur oxides

FY2022/23

1.39²

FY2021/22

0.834

FY2020/21

0.844

Nitrogen oxides

FY2022/23

301.93²

FY2021/22

87.68

FY2020/21

88.06

Particulate Matter

FY2022/23

20.47²

FY2021/22

1.26

FY2020/21

1.62

Water Consumption and Wasterwater Discharged		FY2022/23	FY2021/22	FY2020/21
Total water usage	m³	521,021.79	544,853.57	571,896.93
Water intensity	m³ / m²	0.602⁸	0.645	0.658
Wastewater discharged⁹	m³	497,518.65	518,646.09	542,374.40

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		FY2022/23	FY2021/22	FY2020/21
Non-hazardous waste disposed¹⁰	tonnes	23,969.42¹¹	18,723,76	12,352.37
Non-hazardous waste disposal intensity	tonnes / m²	0.028	0.022	0.014

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	Unit	FY2022/23	FY2021/22	FY2020/21
Food waste	tonnes	120.52¹²	91.35	40.12
Cooking oil to biodiesel¹³	tonnes	6.26	-	-
Glass	tonnes	16.24	18.05	18.29
Metal / Aluminium	tonnes	2.37	6.84	2.95
Paper	tonnes	345.92	476.66	338.31
Plastics	tonnes	21.31	6.66	8.54
Total non-hazardous waste diverted from disposal	tonnes	512.62	599.56	408.21
Non-hazardous waste recycling intensity	kg / m²	0.592	0.625	0.417
Hazardous Waste¹⁴	Unit	FY2022/23	FY2021/22	FY2020/21
Battery	kg	58.16	-	-
Lighting tube	kg	314.57	-	-
Cartridge	kg	1,705.40	-	-
Waste Electrical and Electronic Equipment (“WEEE”)¹⁵	kg	4,159.50	-	-
Waste Electrical and Electronic Equipment (“WEEE”)¹⁵	pieces	1,134.50	-	-

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

FY2022/23

58.16

FY2021/22

FY2020/21

Lighting tube

FY2022/23

314.57

FY2021/22

FY2020/21

Cartridge

FY2022/23

1,705.40

FY2021/22

FY2020/21

Waste Electrical and Electronic Equipment (“WEEE”)¹⁵

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:

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.
Optimised data collection of vehicle usage resulted in higher reported consumption of petrol and diesel fuel, as well as air emissions.
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.
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.
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”)”.
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.
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.
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.
A standard conversion factor (0.93507)for wastewater discharge has been applied to all business units under Nina Hospitality since FY2019/20.
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.
Optimised waste data collection resulted in higher reported non-hazardous waste disposed in FY2022/23.
More properties have participated in the government’s food waste collection scheme resulted in higher reported food waste recycled in FY2022/23.
Relevant figures have been disclosed from FY2022/23 onwards.
Relevant figures have been disclosed from FY2022/23 onwards. All hazardous waste is recycled and handled by licensed contractors.
WEEE presented in the unit of “kg” and “pieces” as stated in the recycle receipt.

Social Data

Workforce	FY2022/23		FY2021/22		FY2020/21
Workforce	Number of people	Percentage	Number of people	Percentage	Number of people	Percentage
Total workforce	3,138	-	2,982	-	2,978	-
By Gender	Number of people	Percentage	Number of people	Percentage	Number of people	Percentage
Male	1,672	53.3%	1,640	55.0%	1,608	54.0%
Female	1,466	46.7%	1,342	45.0%	1,370	46.0%
By Employee Category¹	Number of people	Percentage	Number of people	Percentage	Number of people	Percentage
Senior Management	20	0.6%	72	2.4%	74	2.5%
Management	451	14.4%	363	12.2%	242	8.1%
Frontline and general employee	2,667	85.0%	2,547	85.4%	2,662	89.4%
By Age Group	Number of people	Percentage	Number of people	Percentage	Number of people	Percentage
Under 31	362	11.5%	368	12.3%	381	12.8%
31-50	1,295	41.3%	1,237	41.5%	1,242	41.7%
51 or above	1,481	47.2%	1,377	46.2%	1,355	45.5%
By Employment Contract	Number of people	Percentage	Number of people	Percentage	Number of people	Percentage
Permanent	2,712	86.4%	2,733	91.6%	2,783	93.5%
Temporary	426	13.6%	249	8.4%	195	6.5%
By Employment Type	Number of people	Percentage	Number of people	Percentage	Number of people	Percentage
Full-time	2,938	93.6%	2,915	97.8%	-	-
Part-time	200	6.4%	67	2.2%	-	-
By Geographical Region	Number of people	Percentage	Number of people	Percentage	Number of people	Percentage
Hong Kong	3,138	100.0%	2,982	100.0%	2,978	100.0%
Others	0	0.0%	0	0.0%	0	0.0%

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

Percentage

0.6%

FY2021/22

Number of people

Percentage

2.4%

FY2020/21

Number of people

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

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

Percentage

0.0%

FY2021/22

Number of people

Percentage

0.0%

FY2020/21

Number of people

Percentage

0.0%

Voluntary Turnover^2,3,4	FY2022/23		FY2021/22		FY2020/21
Voluntary Turnover^2,3,4	Number of people	Percentage	Number of people	Percentage	Number of people	Percentage
Overall	1,022	32.6%	893	29.9%	1,124	37.7%
By Gender	Number of people	Percentage	Number of people	Percentage	Number of people	Percentage
Male	553	33.1%	449	27.4%	563	35.0%
Female	469	32.0%	444	33.1%	561	40.9%
By Employee Category	Number of people	Percentage	Number of people	Percentage	Number of people	Percentage
Senior management	2	10.0%	-	-	-	-
Management	156	34.6%	-	-	-	-
Frontline and general employee	864	32.4%	-	-	-	-
By Age Group	Number of people	Percentage	Number of people	Percentage	Number of people	Percentage
Under 31	184	50.8%	201	54.6%	178	46.7%
31-50	464	35.8%	402	32.5%	379	30.5%
51 or above	374	25.3%	290	21.1%	567	41.8%
By Geographical Region	Number of people	Percentage	Number of people	Percentage	Number of people	Percentage
Hong Kong	1,022	32.6%	893	29.9%	1,124	37.7%
Others	0	0.0%	0	0.0%	0	0.0%

Voluntary Turnover^2,3,4

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

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

Percentage

0.0%

FY2021/22

Number of people

Percentage

0.0%

FY2020/21

Number of people

Percentage

0.0%

Involuntary Turnover^2,5 (Due to dismissal, downsizing, redundancy and misconduct)	FY2022/23		FY2021/22		FY2020/21
	Number of people	Percentage	Number of people	Percentage	Number of people	Percentage
Overall	75	2.4%	-	-	-	-
By Gender	Number of people	Percentage	Number of people	Percentage	Number of people	Percentage
Male	59	3.5%	-	-	-	-
Female	16	1.1%	-	-	-	-
By Employee Category	Number of people	Percentage	Number of people	Percentage	Number of people	Percentage
Senior management	0	0.0%	-	-	-	-
Management	12	2.7%	-	-	-	-
Frontline and general employee	63	2.4%	-	-	-	-
By Age Group	Number of people	Percentage	Number of people	Percentage	Number of people	Percentage
Under 31	10	2.8%	-	-	-	-
31-50	38	2.9%	-	-	-	-
51 or above	27	1.8%	-	-	-	-
By Geographical Region	Number of people	Percentage	Number of people	Percentage	Number of people	Percentage
Hong Kong	75	2.8%	-	-	-	-
Others	0	0.0%	-	-	-	-

Involuntary Turnover^2,5
(Due to dismissal, downsizing, redundancy and misconduct)

Overall

FY2022/23

Number of people

Percentage

2.4%

FY2021/22

Number of people

Percentage

FY2020/21

Number of people

Percentage

By Gender

Male

FY2022/23

Number of people

Percentage

3.5%

FY2021/22

Number of people

Percentage

FY2020/21

Number of people

Percentage

Female

FY2022/23

Number of people

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

Percentage

0.0%

FY2021/22

Number of people

Percentage

FY2020/21

Number of people

Percentage

Management

FY2022/23

Number of people

Percentage

2.7%

FY2021/22

Number of people

Percentage

FY2020/21

Number of people

Percentage

Frontline and general employee

FY2022/23

Number of people

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

Percentage

2.8%

FY2021/22

Number of people

Percentage

FY2020/21

Number of people

Percentage

31-50

FY2022/23

Number of people

Percentage

2.9%

FY2021/22

Number of people

Percentage

FY2020/21

Number of people

Percentage

51 or above

FY2022/23

Number of people

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

Percentage

2.8%

FY2021/22

Number of people

Percentage

FY2020/21

Number of people

Percentage

Others

FY2022/23

Number of people

Percentage

0.0%

FY2021/22

Number of people

Percentage

FY2020/21

Number of people

Percentage

Involuntary Turnover^2,6 (Due to completion of contract or retirement and decease)	FY2022/23		FY2021/22		FY2020/21
	Number of people	Percentage	Number of people	Percentage	Number of people	Percentage
Overall	210	6.7%	-	-	-	-
By Gender	Number of people	Percentage	Number of people	Percentage	Number of people	Percentage
Male	142	8.5%	-	-	-	-
Female	68	4.6%	-	-	-	-
By Employee Category	Number of people	Percentage	Number of people	Percentage	Number of people	Percentage
Senior management	0	0.0%	-	-	-	-
Management	0	0.0%	-	-	-	-
Frontline and general employee	210	7.9%	-	-	-	-
By Age Group	Number of people	Percentage	Number of people	Percentage	Number of people	Percentage
Under 31	3	0.8%	-	-	-	-
31-50	1	0.1%	-	-	-	-
51 or above	206	13.9%	-	-	-	-
By Geographical Region	Number of people	Percentage	Number of people	Percentage	Number of people	Percentage
Hong Kong	210	7.7%	-	-	-	-
Others	0	0.0%	-	-	-	-

Involuntary Turnover^2,6
(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

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

Percentage

0.0%

FY2021/22

Number of people

Percentage

FY2020/21

Number of people

Percentage

Management

FY2022/23

Number of people

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

Percentage

0.8%

FY2021/22

Number of people

Percentage

FY2020/21

Number of people

Percentage

31-50

FY2022/23

Number of people

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

Percentage

0.0%

FY2021/22

Number of people

Percentage

FY2020/21

Number of people

Percentage

New Hire²	FY2022/23		FY2021/22		FY2020/21
New Hire²	Number of people	Percentage	Number of people	Percentage	Number of people	Percentage
Overall	1,344	42.8%	1,142	38.3%	-	-
By Gender	Number of people	Percentage	Number of people	Percentage	Number of people	Percentage
Male	737	44.1%	662	40.4%	-	-
Female	607	41.4%	480	35.8%	-	-
By Employee Category	Number of people	Percentage	Number of people	Percentage	Number of people	Percentage
Senior management	2	10.0%	-	-	-	-
Management	175	38.8%	-	-	-	-
Frontline and general employee	1,167	43.8%	-	-	-	-
By Age Group	Number of people	Percentage	Number of people	Percentage	Number of people	Percentage
Under 31	216	59.7%	276	75.0%	-	-
31-50	537	41.5%	459	37.1%	-	-
51 or above	591	39.9%	407	29.6%	-	-
By Geographical Region	Number of people	Percentage	Number of people	Percentage	Number of people	Percentage
Hong Kong	1,344	42.8%	1,142	38.3%	-	-
Others	0	0.0%	0	0.0%	-	-

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

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

Percentage

0.0%

FY2021/22

Number of people

Percentage

0.0%

FY2020/21

Number of people

Percentage

Performance Review²	FY2022/23		FY2021/22		FY2020/21
Performance Review²	Number of people	Percentage	Number of people	Percentage	Number of people	Percentage
Overall	2,790	88.9%	2,811	94.3%	-	-
By Gender	Number of people	Percentage	Number of people	Percentage	Number of people	Percentage
Male	1,556	93.1%	1,560	95.1%	-	-
Female	1,234	84.2%	1,251	93.2%	-	-
By Employee Category	Number of people	Percentage	Number of people	Percentage	Number of people	Percentage
Senior management	19	95.0%	72	100.0%	-	-
Management	434	96.2%	327	90.1%	-	-
Frontline and general employee	2,337	87.6%	2,412	94.7%	-	-

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

Percentage

95.0%

FY2021/22

Number of people

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	FY2022/23		FY2021/22		FY2020/21
Employees Entitled To Parental Leave⁷	Number of people	Percentage	Number of people	Percentage	Number of people	Percentage
Male	1,672	-	-	-	-	-
Female	1,466	-	-	-	-	-
Employees That Took Parental Leave	Number of people	Percentage	Number of people	Percentage	Number of people	Percentage
Male	17	-	-	-	-	-
Female	23	-	-	-	-	-
Employees Return To Work Rate⁸	Number of people	Percentage	Number of people	Percentage	Number of people	Percentage
Male	-	100.0%	-	-	-	-
Female	-	87.0%	-	-	-	-

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

Percentage

FY2021/22

Number of people

Percentage

FY2020/21

Number of people

Percentage

Female

FY2022/23

Number of people

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	FY2022/23	FY2021/22	FY2020/21
Total number of training hour	77,351	-	-

Training⁹

Total number of training hour

FY2022/23

77,351

FY2021/22

FY2020/21

Average No. of Training Hour¹⁰	FY2022/23	FY2021/22	FY2020/21
Overall	24.6¹¹	10.5	12.0
By Gender	FY2022/23	FY2021/22	FY2020/21
Male	22.8	9.5	9.6
Female	26.8	11.8	14.8
By Employee Category	FY2022/23	FY2021/22	FY2020/21
Senior Management	32.1	25.5	21.7
Management	38.2	18.8	34.2
Frontline and general employee	22.3	8.9	9.7

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	FY2022/23	FY2021/22	FY2020/21
Anti-Corruption Training	Number of hours	Number of hours	Number of hours
Overall	993.4	-	-
By Gender	Number of hours	Number of hours	Number of hours
Male	524.8	-	-
Female	468.6	-	-
By Employee Category	Number of hours	Number of hours	Number of hours
Senior management	18.0	-	-
Management	322.8	-	-
Frontline and general employee	652.6	-	-

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	Unit	FY2022/23	FY2021/22	FY2020/21
Total number of hours worked	Number of hours	6,583,044	-	-
Absentee days¹²	Days	17,303	17,115	-
Number of ISO Certifications on health and safety management system	Number of certifications	7	-	-
Work-related Fatalities as a Result of Work-related Injury	Unit	FY2022/23	FY2021/22	FY2020/21
Number of work-related fatalities	Number of incidents	0	0	0
Work-related fatality rate¹³	%	0.0%	0.0%	0.0%
Work-related Injuries	Unit	FY2022/23	FY2021/22	FY2020/21
Number of total work-related injury incidents¹⁴	Number of incidents	101	107	108
Rate of recordable work-related injuries¹⁵	%	3.1%	-	-
Lost days due to injuries	Days	4,188	8,020	5,687
Number of lost time injuries (sick leave > 0 days)	Number of incidents	86	-	-
Number of reportable injuries (sick leave > 3 days)	Number of incidents	79	-	-
Number of high-consequence injuries (excluding fatalities)¹⁶	Number of incidents	8	5	-
Rate of high-consequence injuries (excluding fatalities)¹⁷	%	0.2%	-	-
Work-related Ill Health	Unit	FY2022/23	FY2021/22	FY2020/21
Work-related fatalities as a result of work-related ill health	Number of incidents	0	-	-
Cases of recordable work-related ill health	Number of incidents	0	-	-

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

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

FY2021/22

FY2020/21

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

FY2021/22

FY2020/21

Number of reportable injuries (sick leave > 3 days)

Number of incidents

FY2022/23

FY2021/22

FY2020/21

Number of high-consequence injuries (excluding fatalities)¹⁶

Number of incidents

FY2022/23

FY2021/22

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

FY2021/22

FY2020/21

Cases of recordable work-related ill health

Number of incidents

FY2022/23

FY2021/22

FY2020/21

Occupational Health And Safety (Contractor)¹⁸	Unit	FY2022/23	FY2021/22	FY2020/21
Total number of hours worked	Number of hours	4,107,740	3,450,460	1,439,360
Total number of contractor workers	Number of contractor workers	15,799	13,271	5,536
Number of ISO Certifications on health and safety management system	Number of certifications	4	-	-
Work-related Fatalities as a Result of Work-related Injury	Unit	FY2022/23	FY2021/22	FY2020/21
Number of work-related fatalities	Number of incidents	0	0	0
Work-related fatality rate	%	0.0%	0.0%	0.0%
Work-related Injuries	Unit	FY2022/23	FY2021/22	FY2020/21
Number of total work-related injury incidents	Number of incidents	14	16	10
Rate of recordable work-related injuries	%	0.7%	-	-
Lost days due to injuries	Days	1,140	2,438	1,296
Number of lost time injuries (sick leave > 0 days)	Number of incidents	14	16	10
Number of reportable injuries (sick leave > 3 days)	Number of incidents	14	15	10
Number of high-consequence injuries (excluding fatalities)	Number of incidents	2	7	3
Rate of high-consequence injuries (excluding fatalities)	%	0.1%	-	-

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

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

FY2021/22

FY2020/21

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

FY2021/22

FY2020/21

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

FY2021/22

FY2020/21

Number of reportable injuries (sick leave > 3 days)

Number of incidents

FY2022/23

FY2021/22

FY2020/21

Number of high-consequence injuries (excluding fatalities)

Number of incidents

FY2022/23

FY2021/22

FY2020/21

Rate of high-consequence injuries (excluding fatalities)

FY2022/23

0.1%

FY2021/22

FY2020/21

Diversity Governance Bodies	Unit	FY2022/23		FY2021/22		FY2020/21
Diversity Governance Bodies	Unit	Male	Female	Male	Female	Male	Female
Executive Committee	Number of people	8	0	-	-	-	-
Executive Committee	%	100.0%	0.0%	-	-	-	-
ESG Steering Committee	Number of people	9	1	-	-	-	-
ESG Steering Committee	%	90.0%	10.0%	-	-	-	-
Management Positions	Unit	FY2022/23		FY2021/22		FY2020/21
Management Positions	Unit	Male	Female	Male	Female	Male	Female
Senior management positions	Number of people	14	6	-	-	-	-
Senior management positions	%	70.0%	30.0%	-	-	-	-
Management positions	Number of people	260	191	-	-	-	-
Management positions	%	57.6%	42.4%	-	-	-	-
Non-management positions	Number of people	1,397	1,269	-	-	-	-
Non-management positions	%	52.4%	47.6%	-	-	-	-
Management positions in revenue-generating functions¹⁹	Number of people	53	81	-	-	-	-
Management positions in revenue-generating functions¹⁹	%	39.6%	60.4%	-	-	-	-
STEM-related positions²⁰	Number of people	434	156	-	-	-	-
STEM-related positions²⁰	%	73.6%	26.4%	-	-	-	-

undefined
Diversity
Governance Bodies

Executive Committee

Number of people

FY2022/23

Male

Female

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

Female

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

Female

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

Female

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	Unit	FY2022/23	FY2021/22	FY2020/21
Number of new suppliers	Number of suppliers	562	-	-
Number of new suppliers screened using environmental criteria	Number of suppliers	241	-	-
Number of new suppliers screened using social criteria	Number of suppliers	316	-	-
By Geographical Region	Unit	FY2022/23	FY2021/22	FY2020/21
Hong Kong	Number of suppliers	3,816	-	-
Mainland China	Number of suppliers	9	-	-
Overseas	Number of suppliers	44	-	-

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

FY2021/22

FY2020/21

Overseas

Number of suppliers

FY2022/23

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:

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.
The data includes full-time employees only.
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%”.
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.
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%”.
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%”.
According to the Employment Ordinance Cap 57, all full-time employees are entitled to parental leave.
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%”.
The data includes full-time and part-time employees.
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”.
In FY2022/23, average training hours per employee in headquarter was 18.3 hours.
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).
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”.
Include all injuries on any Chinachem Group’s operation for employees.
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”.
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.
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”.
The data includes our wholly-owned construction sites.
Revenue-generating functions include Sales, Leasing and Business Development.
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

Issuing Authority

Corporate Development

Employee Experience Awards 2023

Best ESG Strategy - Bronze

Human Resources Online

ESG Achievement Awards 2021/2022

Special ESG Awards – Outstanding ESG Performer of the Year(Large Enterprise) -Diamond Award

The Institute of ESG & Benchmark

FinTech Awards 2022

FinTech Awards 2022 in Appreciation Certificate on Environmental, Social, and Governance (ESG)

ET Net

HKIM Market Leadership Award 2022-2023

Market Leadership in Property Development 2022/2023

Hong Kong Institute of Marketing

HKMA Hong Kong Sustainability Award 2022

Merit Award (Large Organisation)

The Hong Kong Management Association

Master Insight 2023 ESG Award

ESG Disclosure Awards for Non-listed Organisation

Master Insight Media Limited

Ming Pao ESG Awards 2023

Excellence in Decarbonisation Award (Large Enterprise Category)
Elite of Sustainability Performance Award (Large Enterprise Category)

Ming Pao and the Institute of ESG & Benchmark

Sing Tao Service Awards 2022

Best ESG Enterprise Award

Sing Tao Daily

TVB ESG Awards 2022

Best in ESG Practices (Non-listing companies)
ESG Project Innovation Award (Non-listing companies)

Television Broadcasts Limited

Environment Protection

2023 "Friends of EcoPark" Award

Environment Protection Department, Hong Kong SAR Government

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

Environmental Campaign Committee

Hong Kong Green and Sustainability Contribution Awards 2023

Gold Seal for Contribution to Sustainable Property / Facility — Promote Environmental Protection

Hong Kong Quality Assurance Agency

Hong Kong Green Organisation

Environmental Campaign Committee

Hong Kong Green Organisation Certification

Wastewi$e Certificate: 19 managed properties
Energywi$e Certificate: 23 managed properties
IAQwi$e Certificate: 12 managed properties

Environmental Campaign Committee

Quality Water Supply Scheme for Buildings – Fresh Water (Management System)

Gold Certificate: 1 managed property
Blue Certificate: 6 managed properties

Water Supplies Department, Hong Kong SAR Government

Quality Water Supply Scheme for Buildings – Flushing Water

Blue Certificate: 7 managed properties

Water Supplies Department, Hong Kong SAR Government

Umbrella Bags Reduction Accreditation Program 2023

Diamond Award: 13 managed properties
Reduction Award: 8 managed properties
Participation Award: 4 managed properties

Greeners Action

Social Responsibility

Caring Company

5 Year Plus Caring Company Logo

Hong Kong Council of Social Service

Good MPF Employer Award 2022-23

Good MPF Employer 5 Years+

Mandatory Provident Fund Schemes Authority, Hong Kong SAR Government

HKECIA Industry Awards of Excellence 2023

Outstanding Award for Pandemic Response

The Hong Kong Exhibition and Convention Industry Association

Privacy-Friendly Awards 2023

Gold Award

Office of the Privacy Commissioner for Personal Data, Hong Kong SAR Government

Real Estate Asia Awards 2023

Cultural Heritage Conservation Initiative of the Year

Real Estate Asia

Corporate Governance

2023 Gold Circle Award

Agoda

2023 Travellers' Choice

Tripadvisor

Excellence in Facility Management Award (Office Building) 2022

The Hong Kong Institute of Facility Management Limited

Forbes Travel Guide Recommended Hotel 2023

Forbes Travel Guide

HIREA Awards 2023

Excellent Property Management Award: NINA MALL 1 & 2

Hong Kong Institute of Real Estate Administrators

Hong Kong International Culinary Classic 2023

Chinese Cuisine – Live Cooking – Dim Sum Platter – Silver

HOFEX

LUXlife Hospitality Excellence Award 2023:

Best Hotel Operator - Hong Kong

LUXlife

Recommended Restaurant: Ah Yung Kitchen

Chaine des Rotisseurs

U Magazine Favourite Food Awards 2023

My favourite Cantonese restaurant: RÚ

UMagazine

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

Description

Section

A. Environmental

Aspect A1: Emissions

General Disclosure

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.

The Group has adopted the Climate Change Policy and Sustainability Policy.

Sustaining Our Planet
Governing Our Values – Solidifying Our ESG Governance Structure

KPI A1.1

The types of emissions and respective emissions data.

Appendices – Performance Data Table

KPI A1.2

Direct (Scope 1) and energy indirect (Scope 2) greenhouse gas emissions (in tonnes) and, where appropriate, intensity.

Sustaining Our Planet – Climate Adaptation and Resilience – Response to TCFD Recommendations Appendices – Performance Data Table

KPI A1.3

Total hazardous waste produced (in tonnes) and, where appropriate, intensity.

Appendices – Performance Data Table

KPI A1.4

Total non-hazardous waste produced (in tonnes) and, where appropriate, intensity.

Appendices – Performance Data Table

KPI A1.5

Description of emission target(s) set and steps taken to achieve them.

Sustaining Our Planet – Accelerating Green Transformation
Sustaining Our Planet – Climate Adaptation and Resilience – Response to TCFD Recommendations

KPI A1.6

Description of how hazardous and non-hazardous wastes are handled, and a description of reduction target(s) set and steps taken to achieve them.

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

Policies on the efficient use of resources, including energy, water and other raw materials.

The Group has adopted the Sustainability Policy and Sustainable Procurement Policy.

Sustaining Our Planet

KPI A2.1

Direct and/or indirect energy consumption by type (e.g. electricity, gas or oil) in total (kWh in ’000s) and intensity.

Sustaining Our Planet – Accelerating Green Transformation
Appendices – Performance Data Table

KPI A2.2

Water consumption in total and intensity.

Sustaining Our Planet – Accelerating Green Transformation
Appendices – Performance Data Table

KPI A2.3

Description of energy use efficiency target(s) set and steps taken to achieve them.

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.

KPI A2.4

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.

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.

KPI A2.5

Total packaging material used for finished products (in tonnes) and, if applicable, with reference to per unit produced.

Packaging was not material to our operation.

Aspect A3: The Environment and Natural Resources

General Disclosure

Policies on minimising the issuer’s significant impacts on the environment and natural resources.

The Group has adopted the Sustainability Policy.

Sustaining Our Planet

KPI A3.1

Description of the significant impacts of activities on the environment and natural resources and the actions taken to manage them.

Sustaining Our Planet

Aspect A4: Climate Change

General Disclosure

Policies on identification and mitigation of significant climate-related issues which have impacted, and those which may impact, the issuer.

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

KPI A4.1

Description of the significant climate-related issues which have impacted, and those which may impact, the issuer, and the actions taken to manage them.

Sustaining Our Planet – Climate Adaptation and Resilience – Response to TCFD Recommendations

B. Social

Aspect B1: Employment

General Disclosure

Policies and compliance relating to compensation and dismissal, recruitment and promotion, working hours, rest periods, equal opportunity, diversity, anti-discrimination, and other benefits andwelfare.

The Group has adopted the Group Human Resources Management Policy, Staff Recruitment Policy and Performance Management Policy.

Progressing with Our Community and People

KPI B1.1

Total workforce by gender, employment type (for example, full or part- time), age group and geographical region.

Appendices – Performance Data Table

KPI B1.2

Employee turnover rate by gender, age group and geographical region.

Appendices – Performance Data Table

Aspect B2: Health and Safety

General Disclosure

The policies and compliance relating to providing a safe working environment and protecting colleagues from occupational hazards.

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

KPI B2.1

Number and rate of work-related fatalities occurred in each of the past three years including the reporting year.

Appendices – Performance Data Table

KPI B2.2

Lost days due to work injury.

Appendices – Performance Data Table

KPI B2.3

Description of occupational health and safety measures adopted, and how they are implemented and monitored.

Progressing with Our Community and People – Reinforcing a Health and Safe Environment for Our People and Community

Aspect B3: Development and Training

General Disclosure

Policies on improving colleagues’ knowledge and skills for discharging duties at work. Description of training activities.

The Group has adopted the Staff Learning and Development Policy.

Progressing with Our Community and People - Reimaging the Learning Experience to Encourage Continuous Learning

KPI B3.1

The percentage of colleagues trained by gender and employee category (e.g. senior management, middle management).

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.

KPI B3.2

The average training hours completed per employee by gender and employee category.

Progressing with Our Community and People - Reimaging the Learning Experience to Encourage Continuous Learning
Appendices – Performance Data Table

Aspect B4: Labour Standards

General Disclosure

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.

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

KPI B4.1

Description of measures to review employment practices to avoid child and forced labour.

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

KPI B4.2

Description of steps taken to eliminate such practices when discovered.

Aspect B5: Supply Chain Management

General Disclosure

Policies on managing environmental and social risks of the supply chain.

The Group has adopted the General Procurement Principles, Procurement Management Framework, and Sustainable Procurement Policy.

Governing Our Values - Governing a Sustainable Supply Chain

KPI B5.1

Number of suppliers by geographical region.

Governing Our Values - Governing a Sustainable Supply Chain
Appendices – Performance Data Table

KPI B5.2

Description of practices relating to engaging suppliers, number of suppliers where the practices are being implemented, and how they are implemented and monitored.

Governing Our Values - Governing a Sustainable Supply Chain

KPI B5.3

Description of practices used to identify environmental and social risks along the supply chain, and how they are implemented and monitored.

Governing Our Values - Governing a Sustainable Supply Chain

KPI B5.4

Description of practices used to promote environmentally preferable products and services when selecting suppliers, and how they are implemented and monitored.

Sustaining Our Planet – Joining Forces to Defend Our Planet
Governing Our Values - Governing a Sustainable Supply Chain

Aspect B6: Product Responsibility

General Disclosure

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

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.

KPI B6.1

Percentage of total products sold or shipped subject to recalls for safety and health reasons.

There were no recalls of our products during the Reporting Period.

KPI B6.2

Number of products and service related complaints received and how they are dealt with.

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.

KPI B6.3

Description of practices relating to observing and protecting intellectual property rights.

Governing Our Values – Business Ethics and Integrity

KPI B6.4

Description of quality assurance process and recall procedures.

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%.

KPI B6.5

Description of consumer data protection and privacy policies, and how they are implemented and monitored.

Governing Our Values - Business Ethics and Integrity

Aspect B7: Anti-corruption

General Disclosure

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.

The Group has adopted the Anti-Money Laundering and Counter-Terrorist Financing Policy.

Governing Our Values - Business Ethics and Integrity

KPI B7.1

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.

Governing Our Values - Business Ethics and Integrity

There were no concluded legal cases concluded legal cases during the Reporting Period.

KPI B7.2

Description of preventive measures and whistle-blowing procedures, and how they are implemented and monitored.

Governing Our Values - Business Ethics and Integrity

KPI B7.3

Description of anti-corruption training provided to directors and staff.

Governing Our Values - Business Ethics and Integrity

Aspect B8: Community Investment

General Disclosure

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.

The Group has adopted the Donations and Non-Commercial Sponsorship Policy.

Progressing with Our Community and People

KPI B8.1

Focus areas of contribution (e.g. education, environmental concerns, labour needs, health, culture, sport).

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

KPI B8.2

Resources contributed (e.g. money or time) to the focus area.

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

Subject Areas, Aspects, General Disclosures and KPIs

A. Environmental

Aspect A1: Emissions - General Disclosure

Description

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

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

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

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

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

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

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

Aspect B4: Labour Standards - KPI B4.1

Description

Description of measures to review employment practices to avoid child and forced labour.

Section

Aspect B4: Labour Standards - KPI B4.2

Description

Description of steps taken to eliminate such practices when discovered.

Section

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

Section

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

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

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

Description

Section

General Disclosures

GRI 2: General Disclosures 2021

2-1

Organisational details

About Chinachem Group
About This Report

2-2

Entities included in the organisation’s sustainability reporting

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.

2-3

Reporting period, frequency and contact point

About This Report

This Report was published online in March of 2024 and can be found on Chinachem Group’s dedicated Sustainability Report website.

2-4

Restatements of information

Appendices – Performance Data Table

2-5

External assurance

Assurance Report

2-6

Activities, value chain and other business relationships

About Chinachem Group
About This Report
Governing Our Value - Governing a Sustainable Supply Chain

2-7

Employees

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.

2-8

Workers who are not employees

The Group does not capture this data.

2-9

Governance structure and composition

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.

2-10

Nomination and selection of the highest governance body

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.

2-11

Chair of the highest governance body

Governing Our Value - Solidifying Our ESG Governance Structure
Corporate website

2-12

Role of the highest governance body in overseeing the management of impacts

Governing Our Value - Solidifying Our ESG Governance Structure

2-13

Delegation of responsibility for managing impacts

Governing Our Value - Solidifying Our ESG Governance Structure

2-14

Role of the highest governance body in sustainability reporting

Governing Our Value - Solidifying Our ESG Governance Structure

2-15

Conflicts of interest

Governing Our Value – Business Ethics and Integrity

2-16

Communication of critical concerns

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.

2-17

Collective knowledge of the highest governance body

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.

2-18

Evaluation of the performance of the highest governance body

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.

2-19

Remuneration policies

Information not disclosed due to confidentiality.

2-20

Process to determine remuneration

Information not disclosed due to confidentiality.

2-21

Annual total compensation ratio

Information not disclosed due to confidentiality.

2-22

Statement on sustainable development strategy

Message from CEO

2-23

Policy commitments

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.

2-24

Embedding policy commitments

Governing Our Value - Solidifying Our ESG Governance Structure

2-25

Processes to remediate negative impacts

Governing Our Value - Solidifying Our ESG Governance Structure; Business Ethics and Integrity; Risk Management and Internal Control

2-26

Mechanisms for seeking advice and raising concerns

Governing Our Value - Solidifying Our ESG Governance Structure; Business Ethics and Integrity; Risk Management and Internal Control

2-27

Compliance with laws and regulations

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.

2-28

Membership associations

Appendix - Charters, Pledges and Memberships

2-29

Approach to stakeholder engagement

Governing Our Value - Stakeholder Engagement and Materiality Assessment

2-30

Collective bargaining agreements

The Group does not involve in any collective bargaining agreements.

Material Topics

GRI 3: Material Topics 2021

3-1

Process to determine material topics

Governing Our Value - Stakeholder Engagement and Materiality Assessment

3-2

List of material topics

Governing Our Value - Stakeholder Engagement and Materiality Assessment

Economic Performance

GRI 3: Material Topics 2021

3-3

Management of material topics

Governing Our Value - Stakeholder Engagement and Materiality Assessment

GRI 201: Economic Performance 2016

201-1

Direct economic value generated and distributed

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.

201-2

Financial implications and other risks and opportunities due to climate change

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.

Anti-Corruption

GRI 3: Material Topics 2021

3-3

Management of material topics

Governing Our Value

GRI 205: Anti-corruption 2016

205-1

Operations assessed for risks related to corruption

Governing Our Value - Business Ethics and Integrity; Risk Management and Internal Control

205-2

Communication and training about anti-corruption policies and procedures

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.

205-3

Confirmed incidents of corruption and actions taken

Governing Our Value - Business Ethics and Integrity; Risk Management and Internal Control

Energy

GRI 3: Material Topics 2021

3-3

Management of material topics

Governing Our Value - Stakeholder Engagement and Materiality Assessment
Sustaining Our Planet

GRI 302: Energy 2016

302-1

Energy consumption within the organisation

Appendices – Performance Data Table

302-2

Energy consumption outside of the organisation

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.

302-3

Energy intensity

Appendices – Performance Data Table

302-5

Reductions in energy requirements of products and services

Sustaining Our Planet – Accelerating Green Transformation
Appendices – Performance Data Table

Water

GRI 3: Material Topics 2021

3-3

Management of material topics

Sustaining Our Planet

GRI 303: Water and Effluents 2018

303-4

Water discharge

Sustaining Our Planet – Accelerating Green Transformation
Appendices – Performance Data Table

303-5

Water consumption

Sustaining Our Planet

Emissions

GRI 3: Material Topics 2021

3-3

Management of material topics

Sustaining Our Planet

GRI 305: Emissions 2016

305-1

Direct (Scope 1) GHG emissions

Sustaining Our Planet – Accelerating Green Transformation; Climate Adaptation and Resilience – Response to TCFD Recommendations
Appendices – Performance Data Table

305-2

Energy indirect (Scope 2) GHG emissions

Sustaining Our Planet – Accelerating Green Transformation;
Climate Adaptation and Resilience – Response to TCFD Recommendations
Appendices – Performance Data Table

305-4

GHG emissions intensity

Appendices – Performance Data Table

305-5

Reduction of greenhouse gas emissions

Sustaining Our Planet – Accelerating Green Transformation;
Climate Adaptation and Resilience – Response to TCFD Recommendations
Appendices – Performance Data Table

305-7

Nitrogen oxides (NOx), sulphur oxides (SOx), and other significant air emissions

Appendices – Performance Data Table

Waste

GRI 3: Material Topics 2021

3-3

Management of material topics

Sustaining Our Planet

GRI 306: Waste 2020

306-1

Waste generation and significant waste - related impacts

Sustaining Our Planet – Accelerating Green Transformation

306-2

Management of significant waste-related impacts

Sustaining Our Planet – Accelerating Green Transformation

306-3

Waste generated

Sustaining Our Planet – Accelerating Green Transformation
Appendices – Performance Data Table

306-4

Waste diverted from disposal

Sustaining Our Planet – Accelerating Green Transformation
Appendices – Performance Data Table

306-5

Waste directed to disposal

Sustaining Our Planet – Accelerating Green Transformation
Appendices – Performance Data Table

Supplier Environmental Assessment

GRI 3: Material Topics 2021

3-3

Management of material topics

Sustaining Our Planet

GRI 308: Supplier Environmental Assessment 2016

308-1

New suppliers that were screened using environmental criteria

Sustaining Our Planet – Joining Forces to Defend Our Planet
Appendices – Performance Data Table

Employment

GRI 3: Material Topics 2021

3-3

Management of material topics

Progressing with Our Community and People

GRI 401: Employment 2016

401-1

New employee hires and employee turnover

Appendices – Performance Data Table

401-2

Benefits provided to full-time employees that are not provided to temporary or part-time employees

Progressing with Our Community and People – Caring and Bonding Among Our People
Appendices – Performance Data Table

401-3

Parental leave

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.

Occupational Health and Safety

GRI 3: Material Topics 2021

3-3

Management of material topics

Progressing with Our Community and People

GRI 403: Occupational Health and Safety 2018

403-1

Occupational health and safety management system

Progressing with Our Community and People - Reinforcing a Healthy and Safe Environment for Our People and Community

403-2

Hazard identification, risk assessment, and incident investigation

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.

403-5

Worker training on occupational health and safety

Progressing with Our Community and People - Reinforcing a Healthy and Safe Environment for Our People and Community

403-6

Promotion of worker health

Progressing with Our Community and People - Reinforcing a Healthy and Safe Environment for Our People and Community

403-7

Prevention and mitigation of occupational health and safety impacts directly linked by business relationships

Progressing with Our Community and People - Reinforcing a Healthy and Safe Environment for Our People and Community

403-8

Workers covered by an occupational health and safety management system

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.

403-9

Work-related injuries

Appendices – Performance Data Table

403-10

Work-related ill health

Appendices – Performance Data Table

Training and Education

GRI 3: Material Topics 2021

3-3

Management of material topics

Progressing with Our Community and People

GRI 404: Training and Education 2016

404-1

Average hours of training per year per employee

Progressing with Our Community and People - Reimaging the Learning Experience to Encourage Continuous Learning
Appendices – Performance Data Table

404-2

Programmes for upgrading employee skills and transition assistance programmes

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.

404-3

Percentage of colleagues receiving regular performance and career development reviews

Progressing with Our Community and People - Reimaging the Learning Experience to Encourage Continuous Learning
Appendices – Performance Data Table

Diversity and Equal Opportunity

GRI 3: Material Topics 2021

3-3

Management of material topics

Progressing with Our Community and People

GRI 405: Diversity and Equal Opportunity 2016

405-1

Diversity of governance bodies and colleagues

Appendices – Performance Data Table

405-2

Ratio of basic salary and remuneration of women to men

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.

Non-discrimination

GRI 3: Material Topics 2021

3-3

Management of material topics

Progressing with Our Community and People

GRI 406: Non-discrimination 2016

406-1

Incidents of discrimination and corrective actions taken

There were no confirmed incidents or non-compliances or grievances during the Reporting Period.

Child Labor

GRI 3: Material Topics 2021

3-3

Management of material topics

Progressing with Our Community and People

GRI 408: Child Labor 2016

408-1

Operations and suppliers at significant risk for incidents of child labour

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

Forced or Compulsory Labor

GRI 3: Material Topics 2021

3-3

Management of material topics

Progressing with Our Community and People

GRI 409: Forced or Compulsory Labor 2016

409-1

Operations and suppliers at significant risk for incidents of forced or compulsory labour

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

Local Communities

GRI 3: Material Topics 2021

3-3

Management of material topics

Progressing with Our Community and People

GRI 413: Local Communities 2016

413-1

Operations with local community engagement, impact assessments, and development programmes

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.

Supplier Social Assessment

GRI 3: Material Topics 2021

3-3

Management of material topics

Governing Our Value - Governing a Sustainable Supply Chain

GRI 414: Supplier Social Assessment 2016

414-1

New suppliers that were screened using social criteria

Appendices – Performance Data Table

Customer Health and Safety

GRI 3: Material Topics 2021

3-3

Management of material topics

Empowering a Prosperous Future

GRI 416: Customer Health and Safety 2016

416-1

Assessment of the health and safety impacts of product and service categories

Empowering a Prosperous Future - Investing in Healthcare for a Liveable Intergenerational Community

416-2

Incidents of non-compliance concerning the health and safety impacts of products and services

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

Customer Privacy

GRI 3: Material Topics 2021

3-3

Management of material topics

Governing Our Value - Business Ethics and Integrity

GRI 418: Customer Privacy 2016

481-1

Substantiated complaints concerning breaches of customer privacy and losses of customer data

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.

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

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

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

GRI 2: General Disclosures 2021 - 2-10

Description

Nomination and selection of the highest governance body

Section

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

GRI 2: General Disclosures 2021 - 2-17

Description

Collective knowledge of the highest governance body

Section

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

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

GRI 201: Economic Performance 2016 - 201-2

Description

Financial implications and other risks and opportunities due to climate change

Section

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

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

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

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

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

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

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

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

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

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		Reference Chapters/Remarks
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:
	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: 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); 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; how and how often the body(s) or individual(s) is informed about climate- related risks and opportunities; 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 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).	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
	management’s role in the governance processes, controls and procedures used to monitor, manage and oversee climate-related risks and opportunities, including information about: 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 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.
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:
	the climate-related risks and opportunities that could reasonably be expected to affect the entity’s prospects;	Sustaining Our Planet – Accelerating Green Transformation; Climate Adaptation and Resilience – Response to TCFD
	the current and anticipated effects of those climate-related risks and opportunities on the entity’s business model and value chain;
	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;
	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
	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.
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:
	describe climate-related risks and opportunities that could reasonably be expected to affect the entity’s prospects;	Sustaining Our Planet – Accelerating Green Transformation; Climate Adaptation and Resilience – Response to TCFD
	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;
	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
	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.
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:
	a description of the current and anticipated effects of climate-related risks and opportunities on the entity’s business model and value chain; and	Information not available. The Group will consider the feasibility of disclosing further information regarding our Business Model and Value Chain in the future.
	a description of where in the entity’s business model and value chain climate-related risks and opportunities are concentrated.
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:
	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: current and anticipated changes to the entity’s business model, including its resource allocation, to address climate-related risks and opportunities; current and anticipated direct mitigation and adaptation efforts; current and anticipated indirect mitigation and adaptation efforts; 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 how the entity plans to achieve any climate-related targets, including any greenhouse gas emissions targets.	Information not available. The Group will consider the feasibility of disclosing further information regarding our Business Model and Value Chain in the future.
	information about how the entity is resourcing, and plans to resource, the activities disclosed.
	quantitative and qualitative information about the progress of plans disclosed in previous reporting periods.
Financial Position, Financial Performance and Cash Flows
15	An entity shall disclose information that enables users of general purpose financial reports to understand:
	the effects of climate-related risks and opportunities on the entity’s financial position, financial performance and cash flows for the reporting period; and	Information not available. The Group will consider the feasibility of disclosing further information regarding our Business Model and Value Chain in the future.
	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.
16	Specifically, an entity shall disclose quantitative and qualitative information about:
	how climate-related risks and opportunities have affected its financial position, financial performance and cash flows for the reporting period;	Information not available. The Group will consider the feasibility of disclosing further information regarding our Business Model and Value Chain in the future.
	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;
	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: its investment and disposal plans, including plans the entity is not contractually committed to; and its planned sources of funding to implement its strategy; and
	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.
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:
	the entity’s assessment of its climate resilience as at the reporting date, which shall enable users of general purpose financial reports to understand: 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; the significant areas of uncertainty considered in the entity’s assessment of its climate resilience; the entity’s capacity to adjust or adapt its strategy and business model to climate change over the short, medium and long term, including: 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; the entity’s ability to redeploy, repurpose, upgrade or decommission existing assets; and the effect of the entity’s current and planned investments in climate-related mitigation, adaptation and opportunities for climate resilience; and	Information not available. The Group will consider the feasibility of disclosing further information regarding our Business Model and Value Chain in the future.
	how and when the climate-related scenario analysis was carried out, including: information about the inputs the entity used, including: which climate-related scenarios the entity used for the analysis and the sources of those scenarios; whether the analysis included a diverse range of climate-related scenarios; whether the climate-related scenarios used for the analysis are associated with climate-related transition risks or climate-related physical risks; whether the entity used, amongst its scenarios, a climate-related scenario aligned with the latest international agreement on climate change; why the entity decided that its chosen climate-related scenarios are relevant to assessing its resilience to climate-related changes, developments or uncertainties; the time horizons the entity used in the analysis; and what scope of operations the entity used in the analysis; the key assumptions the entity made in the analysis, including assumptions about: climate-related policies in the jurisdictions in which the entity operates; macroeconomic trends; national- or regional-level variables; energy usage and mix; and developments in technology; and the reporting period in which the climate-related scenario analysis was carried out.
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:
	the processes and related policies the entity uses to identify, assess, prioritise and monitor climate-related risks, including information about: the inputs and parameters the entity uses (for example, information about data sources and the scope of operations covered in the processes); whether and how the entity uses climate-related scenario analysis to inform its identification of climate-related risks; 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); whether and how the entity prioritises climate-related risks relative to other types of risk; how the entity monitors climate-related risks; and whether and how the entity has changed the processes it uses compared with the previous reporting period;	Sustaining Our Planet – Climate Adaptation and Resilience – Response to TCFD Governing Our Value - Solidifying Our ESG Governance Structure; Risk Management and Internal Control
	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
	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.
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:
	information relevant to the cross-industry metric categories;	Sustaining Our Planet – Climate Adaptation and Resilience – Response to TCFD
	industry-based metrics that are associated with particular business models, activities or other common features that characterise participation in an industry; and
	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.
Climate-related Metrics
29	An entity shall disclose information relevant to the cross-industry metric categories of:
	greenhouse gases — the entity shall: disclose its absolute gross greenhouse gas emissions generated during the reporting period, expressed as metric tonnes of CO2 equivalent, classified as: Scope 1 greenhouse gas emissions; Scope 2 greenhouse gas emissions; and Scope 3 greenhouse gas emissions; 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;	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.
	disclose the approach it uses to measure its greenhouse gas emissions including: the measurement approach, inputs and assumptions the entity uses to measure its greenhouse gas emissions; the reason why the entity has chosen the measurement approach, inputs and assumptions it uses to measure its greenhouse gas emissions; and any changes the entity made to the measurement approach, inputs and assumptions during the reporting period and the reasons for those changes; for Scope 1 and Scope 2 greenhouse gas emissions disclosed, disaggregate emissions between: the consolidated accounting group; and other investees; 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	Sustaining Our Planet – Climate Adaptation and Resilience – Response to TCFD Appendices – Performance Data Table
	for Scope 3 greenhouse gas emissions disclosed, disclose: 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 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;	Scope 3 GHG data is not available. The Group will consider disclosing further information regarding our scope 3 GHG emission in the future.
	climate-related transition risks — the amount and percentage of assets or business activities vulnerable to climate-related transition risks;	Information not available. The Group will consider enhancing relevant information in the future.
	climate-related physical risks — the amount and percentage of assets or business activities vulnerable to climate-related physical risks;
	climate-related opportunities — the amount and percentage of assets or business activities aligned with climate-related opportunities;
	capital deployment — the amount of capital expenditure, financing or investment deployed towards climate-related risks and opportunities;
	internal carbon prices — the entity shall disclose: an explanation of whether and how the entity is applying a carbon price in decision-making; and the price for each metric tonne of greenhouse gas emissions the entity uses to assess the costs of its greenhouse gas emissions;
	remuneration — the entity shall disclose: a description of whether and how climate-related considerations are factored into executive remuneration; and the percentage of executive management remuneration recognised in the current period that is linked to climate-related considerations.
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
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:
	the metric used to set the target;	Sustaining Our Planet – Climate Adaptation and Resilience – Response to TCFD CCG 3050+
	the objective of the target;
	the part of the entity to which the target applies;
	the period over which the target applies;
	the base period from which progress is measured;
	any milestones and interim targets;
	if the target is quantitative, whether it is an absolute target or an intensity target; and
	how the latest international agreement on climate change, including jurisdictional commitments that arise from that agreement, has informed the target.
34	An entity shall disclose information about its approach to setting and reviewing each target, and how it monitors progress against each target, including:
	whether the target and the methodology for setting the target has been validated by a third party;	Sustaining Our Planet – Climate Adaptation and Resilience – Response to TCFD CCG 3050+
	the entity’s processes for reviewing the target;
	the metrics used to monitor progress towards reaching the target; and
	any revisions to the target and an explanation for those revisions.
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.	Sustaining Our Planet – Climate Adaptation and Resilience – Response to TCFD CCG 3050+
36	For each greenhouse gas emissions target disclosed, an entity shall disclose:
	which greenhouse gases are covered by the target.	Sustaining Our Planet – Climate Adaptation and Resilience – Response to TCFD CCG 3050+
	whether Scope 1, Scope 2 or Scope 3 greenhouse gas emissions are covered by the target.
	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.
	whether the target was derived using a sectoral decarbonisation approach.
	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: the extent to which, and how, achieving any net greenhouse gas emissions target relies on the use of carbon credits; which third-party scheme(s) will verify or certify the carbon credits; 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 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 Paragraph IFRS Core Content

Governance

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.

To achieve this objective, an entity shall disclose information about:

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).

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

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.

Specifically, an entity shall disclose information to enable 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;

the current and anticipated effects of those climate-related risks and opportunities on the entity’s business model and value chain;

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;

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

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

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:

describe climate-related risks and opportunities that could reasonably be expected to affect the entity’s prospects;

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;

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

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

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:

a description of the current and anticipated effects of climate-related risks and opportunities on the entity’s business model and value chain; and

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

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:

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.

information about how the entity is resourcing, and plans to resource, the activities disclosed.

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

An entity shall disclose information that enables users of general purpose financial reports to understand:

the effects of climate-related risks and opportunities on the entity’s financial position, financial performance and cash flows for the reporting period; and

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.

Specifically, an entity shall disclose quantitative and qualitative information about:

how climate-related risks and opportunities have affected its financial position, financial performance and cash flows for the reporting period;

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;

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

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

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:

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

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

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.

To achieve this objective, an entity shall disclose information about:

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;

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

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

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.

To achieve this objective, an entity shall disclose:

information relevant to the cross-industry metric categories;

industry-based metrics that are associated with particular business models, activities or other common features that characterise participation in an industry; and

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

An entity shall disclose information relevant to the cross-industry metric categories of:

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.

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;
for Scope 1 and Scope 2 greenhouse gas emissions disclosed, disaggregate emissions between:
1. the consolidated accounting group; and
2. other investees;
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

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.

climate-related transition risks — the amount and percentage of assets or business activities vulnerable to climate-related transition risks;

climate-related physical risks — the amount and percentage of assets or business activities vulnerable to climate-related physical risks;

climate-related opportunities — the amount and percentage of assets or business activities aligned with climate-related opportunities;

capital deployment — the amount of capital expenditure, financing or investment deployed towards climate-related risks and opportunities;

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;

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.

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

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:

the metric used to set the target;

the objective of the target;

the part of the entity to which the target applies;

the period over which the target applies;

the base period from which progress is measured;

any milestones and interim targets;

if the target is quantitative, whether it is an absolute target or an intensity target; and

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+

An entity shall disclose information about its approach to setting and reviewing each target, and how it monitors progress against each target, including:

whether the target and the methodology for setting the target has been validated by a third party;

the entity’s processes for reviewing the target;

the metrics used to monitor progress towards reaching the target; and

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+

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+

For each greenhouse gas emissions target disclosed, an entity shall disclose:

which greenhouse gases are covered by the target.

whether Scope 1, Scope 2 or Scope 3 greenhouse gas emissions are covered by the target.

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.

whether the target was derived using a sectoral decarbonisation approach.

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

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

K T Ting
Chief Operating Officer
March 2024