ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT 2024

Year: 2024
Published: 2024-10-14
Status: Processed

Extracted ESG KPIs

KPIs are organized by ESG aspects.

The types of emissions and respective emissions data.

Indicator Unit 2023 FY2022 FY2023 FY2024 Report Pages
FY2023 Scope 3 Emissions by Category tCO2e 1111901 35
FY2023 Scope 3 Emissions by Category - Category 1 Purchased Goods and Services % 86 35
Nitrogen oxide (NOx) Tonne 2.49 2.96 1.63 84
Particulate matters (PM10) Tonne 0.21 0.27 0.13 84
Sulphur oxide (SOx) Tonne 0.007 0.006 0.006 84

Direct (Scope 1) and energy indirect (Scope 2) greenhouse gas emissions (in tonnes) and, where appropriate, intensity (e.g. per unit of production volume, per facility).

Indicator Unit 2023 FY2022 FY2023 FY2024 Report Pages
Corporate bonds emissions (CTF Life Financial Emissions) of total financial emissions 24% 36
FY2023 Scope 1 & 2 Emissions tCO2e 53864 35
FY2023 Scope 1 & 2 Emissions by Source - Biodiesel % 20 35
FY2023 Scope 1 & 2 Emissions by Source - Diesel % 58 35
FY2023 Scope 1 & 2 Emissions by Source - Gasoline, Oxyacetylene and Refrigerant % 1 35
FY2023 Scope 1 & 2 Emissions by Source - Purchased Electricity % 21 35
FY2023 Scope 1 Emissions (percentage of Scope 1 & 2) % 21 35
FY2023 Scope 2 Emissions (percentage of Scope 1 & 2) % 79 35
FY2023 Scope 3 Emissions by Category - Category 11 Use of Sold Products % 2 35
FY2023 Scope 3 Emissions by Category - Category 15 Investment % 3 35
FY2023 Scope 3 Emissions by Category - Other Scope 3 Categories % 3 35
Financial Emissions by Asset Class (CTF Life) tCO2e 1070749 36
Leased fleet emissions (CTF Life Scope 1 & 2) of total Scope 1 & 2 emissions 2% 36
Listed equity emissions (CTF Life Financial Emissions) of total financial emissions 70% 36
Owned fleet emissions (CTF Life Scope 1 & 2) of total Scope 1 & 2 emissions 5% 36
Procured carbon offset Tonne CO2e 81 457 85
Procured carbon offset (KTSP) Tonne CO2e 65 85
Procured carbon offset (Total excluding KTSP) Tonne CO2e 1467 85
Procured carbon offset (Total) Tonne CO2e 1532 85
Purchased electricity emissions (CTF Life Scope 1 & 2) of total Scope 1 & 2 emissions 93% 36
Scope 1 & 2 Emissions (CTF Life) tCO2e 435 36
Scope 1 Emissions (CTF Life) of total Scope 1 & 2 emissions 93% 36
Scope 1 emissions Tonne CO2e 19007 32918 85
Scope 1 emissions (KTSP) Tonne CO2e 4189 85
Scope 1 emissions (Total excluding KTSP) Tonne CO2e 24095 85
Scope 1 emissions (Total) Tonne CO2e 28284 85
Scope 2 Emissions (CTF Life) of total Scope 1 & 2 emissions 7% 36
Scope 2 emissions Tonne CO2e 41575 51447 85
Scope 2 emissions (KTSP) Tonne CO2e 6125 85
Scope 2 emissions (Total excluding KTSP) Tonne CO2e 52443 85
Scope 2 emissions (Total) Tonne CO2e 58568 85
Scope 3 Cat 15: SDA (power sector) emissions intensity tCO2e/MWh 0.43 36
Sovereign bonds emissions (CTF Life Financial Emissions) of total financial emissions 6% 36
Total GHG emissions (Scope 1 & 2) Tonne CO2e 60582 84365 85
Total GHG emissions (Scope 1 & 2) (KTSP) Tonne CO2e 10314 85
Total GHG emissions (Scope 1 & 2) (Total excluding KTSP) Tonne CO2e 76538 85
Total GHG emissions (Scope 1 & 2) (Total) Tonne CO2e 86852 85
Total GHG emissions (Scope 1 & 2) intensity Tonne CO2e/HKS million 2.2 3.7 85
Total GHG emissions (Scope 1 & 2) intensity (Total excluding KTSP) Tonne CO2e/HKS million 2.9 85
Total GHG emissions (Scope 1 & 2) intensity (Total) Tonne CO2e/HKS million 3.3 85

Total hazardous waste produced (in tonnes) and, where appropriate, intensity (e.g. per unit of production volume, per facility).

Indicator Unit 2023 FY2022 FY2023 FY2024 Report Pages
FY2023 Scope 3 Emissions by Category - Category 5 Waste Generated in Operations % 5 35
Total chemical waste disposed Tonne 0.72 0.43 2.57 85

Total non-hazardous waste produced (in tonnes) and, where appropriate, intensity (e.g. per unit of production volume, per facility).

Indicator Unit FY2022 FY2023 FY2024 Report Pages
C&D waste to landfills (Only Hip Hing Group) Tonne 38607 43806 37423 86
C&D waste to sorting facility Tonne 28532 41895 41050 86
Cooking oil Tonne 1 3.4 4.7 86
Food waste Tonne 31 88 140 86
General waste to landfills (Exclude Hip Hing Group) Tonne 1492 2985 4764 86
Inert C&D materials (reused by Material Management App) Tonne 180 201 3 86
Inert C&D materials (to alternate disposal ground) Tonne 130195 123774 926 86
Inert C&D materials (to public fill facility) Tonne 478865 966018 693583 86
Reuse of C&D Waste % 90 93 90 86
Total C&D waste generated Tonne 546004 1175694 772985 86
Total materials recycled Tonne 479014 1090245 694900 86
Total non-hazardous waste intensity Tonne/HKS million 2.44 3.91 3.15 86
Total non-hazardous waste to landfills Tonne 68631 88686 83237 86

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

Indicator Unit 2023 2034 2050 Report Pages
Scope 3 Cat 15: PCA (listed equity & corporate bonds and private equity) SBT-aligned companies 23%, with 30 companies already set their SBTs 36
Target pathway aligning to 1.5°C - Scope 1 & 2 Long-term reduction target (by FY2050) % 90 35
Target pathway aligning to 1.5°C - Scope 1 & 2 Near-term reduction target (by FY2034) % 58.8 35
Target pathway aligning to 1.5°C - Scope 3 Long-term reduction target (by FY2050) % 90 35
Target pathway aligning to 1.5°C - Scope 3 Long-term reduction target (by FY2050, Physical Intensity) % 97 35
Target pathway aligning to 1.5°C - Scope 3 Near-term reduction target (by FY2034) % 35 35
Target pathway aligning to 1.5°C - Scope 3 Near-term reduction target (by FY2034, Physical Intensity) % 63.8 35

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

Indicator Unit FY2022 FY2023 FY2024 Report Pages
Chemical waste disposed (liquid) Tonne 2.28 85
Chemical waste disposed (solid) Tonne 0.72 0.43 0.37 85

Direct and/or indirect energy consumption by type (e.g. electricity, gas or oil) in total (kWh in '000s) and intensity (e.g. per unit of production volume, per facility).

Indicator Unit FY2022 FY2023 FY2024 Report Pages
Biodiesel energy consumption Gigajoules (GJ) 174498 288717 195065 84
Diesel energy consumption Gigajoules (GJ) 73028 155833 124653 84
Electricity energy consumption Gigajoules (GJ) 245653 304433 323164 84
Liquefied petroleum gas energy consumption Gigajoules (GJ) 640 547 676 84
On-site generated renewable energy for feed-in-tariff Gigajoules (GJ) 43 44 38 84
Total energy consumption Gigajoules (GJ), MWh 514816 214957 186514 84
Total energy consumption intensity GJ/HK$ million 18.2 34.1 25.4 84
Towngas energy consumption Gigajoules (GJ) 9074 13099 15904 84
Unleaded petrol energy consumption Gigajoules (GJ) 11203 10599 11452 84

Water consumption in total and intensity (e.g. per unit of production volume, per facility).

Indicator Unit FY2022 FY2023 FY2024 Report Pages
Municipal water used m3 991399 1371523 1275616 85
Wastewater direct discharge m3 804300 1100062 1001991 85
Water intensity m3/HKS million 35.3 60.5 48.3 85

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

Indicator Unit FY2022 FY2023 FY2024 Report Pages
Aluminum cans Tonne 0.2 0.3 1.4 86
Glass bottles Tonne 1.7 6.9 36.6 86
Paper Tonne 113 147 182 86
Plastics bottles Tonne 0.9 5.7 22.8 86

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

Indicator Unit FY2022 FY2023 FY2024 Report Pages
Training Hours by Type - Environmental protection No. of hours 1849 887 966 88

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

Indicator Unit 2024 FY2022 FY2023 FY2024 Report Pages
Assistant General Manager and above (Female) No. of employees 77 89
Assistant General Manager and above (Male) No. of employees 101 89
Assistant Manager (Female) No. of employees 101 89
Assistant Manager (Male) No. of employees 161 89
Employees returned to work after Parental Leave ended (Female) No. of employees 30 89
Employees returned to work after Parental Leave ended (Male) No. of employees 54 89
Fixed-term or Temporary Contract employees (Female) No. of employees 88 89
Fixed-term or Temporary Contract employees (Male) No. of employees 62 89
Full-time employees (Female) No. of employees 1658 89
Full-time employees (Male) No. of employees 3215 89
General Staff (Female) No. of employees 255 89
General Staff (Male) No. of employees 223 89
Manager and Senior Manager (Female) No. of employees 160 89
Manager and Senior Manager (Male) No. of employees 327 89
New Hires (Female) No. of employees 274 89
New Hires (Male) No. of employees 664 89
New Hires Rate by Gender (Male) % 13.5 89
New Hires Rate by Geographical Region - Hong Kong % 17.6 89
New Hires Rate by Geographical Region - Mainland China % 1.5 89
Number of Employees - 30-50 years old No. of employees 2538 2562 2677 87
Number of Employees - Assistant General Manager and above No. of employees 158 172 178 87
Number of Employees - Assistant Manager No. of employees 247 245 262 87
Number of Employees - Female No. of employees 1548 1521 1691 87
Number of Employees - Fixed-term/temporary employees No. of employees 228 32 150 87
Number of Employees - Full-time employees No. of employees 4797 4748 4873 87
Number of Employees - General Staff No. of employees 605 449 478 87
Number of Employees - Male No. of employees 3314 3276 3230 87
Number of Employees - Manager and Senior Manager No. of employees 433 463 487 87
Number of Employees - Operational Staff No. of employees 3419 3468 3516 87
Number of Employees - Over 50 years old No. of employees 1375 1389 1423 87
Number of Employees - Part-time employees No. of employees 65 49 48 87
Number of Employees - Permanent employees No. of employees 4634 4765 4771 87
Number of Employees - Under 30 years old No. of employees 949 846 821 87
Operational Staff (Female) No. of employees 1098 89
Operational Staff (Male) No. of employees 2418 89
Part-time employees (Female) No. of employees 33 89
Part-time employees (Male) No. of employees 15 89
Permanent Contract employees (Female) No. of employees 1603 89
Permanent Contract employees (Male) No. of employees 3168 89
Total Hours Worked - Employees No. of hours 10784065 10705555 10913608 88
Total New Hires No. of employees 1093 1141 938 87
Total Number of Employees No. of employees 4862 4797 4921 87

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

Indicator Unit 2024 FY2022 FY2023 FY2024 Report Pages
Employees who took Parental Leave (Female) No. of employees 35 89
Employees who took Parental Leave (Male) No. of employees 54 89
Leavers By Gender (Female) No. of employees 246 89
Leavers By Gender (Male) No. of employees 672 89
New Hires Rate % 22 24 19 87
New Hires Rate by Gender (Female) % 5.6 89
Total Number of Leavers No. of employees 1214 1167 918 87
Turnover Rate % 25 24 19 87
Turnover Rate by Age Group - 30-50 years % 8.9 89
Turnover Rate by Age Group - Over 50 years old % 5.9 89
Turnover Rate by Age Group - Under 30 years old % 3.9 89
Turnover Rate by Gender (Female) % 5 89
Turnover Rate by Gender (Male) % 13.7 89
Turnover Rate by Geographical Region - Hong Kong % 16.6 89
Turnover Rate by Geographical Region - Mainland China % 2.1 89

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

Indicator Unit FY2022 FY2023 FY2024 Report Pages
Occupational Diseases - Employees No. of cases N/A N/A 88
Work-related Fatalities - Contractors No. of cases N/A N/A 3 88

Lost days due to work injury.

Indicator Unit FY2022 FY2023 FY2024 Report Pages
Lost-day Rate - Employees per 100 employees 47.3 59.3 47.9 88
Lost-time Injury Rate (LTIR) - Employees per 100 employees 0.5 0.6 0.6 88
Work-related Lost-time injuries (Sick Leave > 0 day) - Employees No. of case 27 33 34 88
Workday Lost due to Work-related Injuries - Employees No. of days 2551 3172 2616.5 88

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

Indicator Unit 2024 FY2022 FY2023 FY2024 Report Pages
Return-to-work Rate by Gender (Female) % 85.7 89
Return-to-work Rate by Gender (Male) % 100 89
Training Hours by Type - Occupational health and safety No. of hours 10626 12601 17291 88

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

Indicator Unit FY2022 FY2023 FY2024 Report Pages
Average Training Hours Completed per Employees by Seniority - Assistant General Manager and above No. of hours 17.5 15.3 18 88
Average Training Hours Completed per Employees by Seniority - Assistant Manager No. of hours 15.5 20.8 15.9 88
Average Training Hours Completed per Employees by Seniority - General Staff No. of hours 22.6 28.6 15.3 88
Average Training Hours Completed per Employees by Seniority - Manager No. of hours 14.4 14.8 13.9 88
Average Training Hours Completed per Employees by Seniority - Operational Staff No. of hours 8.6 8.5 9.6 88
Average Training Hours Completed per Employees by Seniority - Senior Manager No. of hours 16.3 12.1 13.9 88
Average Training Hours per Employee No. of hours 11.6 11.8 11.2 88
Average Training Hours per Employee by Gender - Female No. of hours 12.3 11.4 13.1 88
Average Training Hours per Employee by Gender - Male No. of hours 11.2 12 10.3 88
Training Hours by Type - Corporate culture No. of hours 15284 19435 13518 88
Training Hours by Type - Professional development No. of hours 25204 21868 21792 88

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

Indicator Unit FY2022 FY2023 FY2024 Report Pages
Training Hours by Type - Anti-corruption No. of hours 3359 909 1670 88

The types of emissions and respective emissions data.

Standard Indicator Unit 2022 2023 2024
NOâ‚“ Emissions Tonne 2.49 2.96 1.63
PM10 Emissions Tonne 0.21 0.27 0.13
SOâ‚“ Emissions Tonne 0.007 0.006 0.006

Direct (Scope 1) and energy indirect (Scope 2) greenhouse gas emissions (in tonnes) and, where appropriate, intensity (e.g. per unit of production volume, per facility).

Standard Indicator Unit 2022 2023 2024
Direct GHG Emissions (Scope 1) tCO2e 19007 32918 28284
Indirect Energy Emissions (Scope 2) tCO2e 41575 42552.560000000005 58568
Total GHG Emissions tCO2e 60582 84365 86852
Total GHG Emissions Intensity (By Revenue) Tonne CO2e/HKS million 2.2 3.7 3.3

Total hazardous waste produced (in tonnes) and, where appropriate, intensity (e.g. per unit of production volume, per facility).

Standard Indicator Unit 2022 2023 2024
Hazardous Waste Disposed Tonne 0.72 0.43 2.57

Total non-hazardous waste produced (in tonnes) and, where appropriate, intensity (e.g. per unit of production volume, per facility).

Standard Indicator Unit 2022 2023 2024
Non-Hazardous Waste (Construction Waste) Tonne 546004 1175694 772985
Non-Hazardous Waste (Kitchen Waste) Tonne 31 88 140
Non-Hazardous Waste Landfilling Tonne 68631 88686 83237
Non-Hazardous Waste Recycled Tonne 479014 1090245 694900
Paper Waste Tonne 113 147 182
Total Non-Hazardous Waste Intensity (By Revenue) Tonne/HKS million 2.44 3.91 3.15

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

Standard Indicator Unit 2034 2050
Percentage of Reduction in GHG Intensity Compared to Last Year % 63.8 97
Scope 1 and 2 Emissions Reduction Percentage Compared to Last Year % 58.8 90
Scope 3 Emissions Reduction Percentage Compared to Last Year % 35 90

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

Standard Indicator Unit 2023 2024
Hazardous Waste Intensity Reduction Percentage Compared to Last Year % 39.58 -56.25

Direct and/or indirect energy consumption by type (e.g. electricity, gas or oil) in total (kWh in '000s) and intensity (e.g. per unit of production volume, per facility).

Standard Indicator Unit 2022 2023 2024
Diesel Fuel Consumption Gigajoules (GJ) 73028 155833 124653
Energy Consumption Intensity (By Revenue) GJ/HK$ million 18.2 34.1 25.4
LPG Consumption Gigajoules (GJ) 640 547 676
Renewable Energy Consumption Gigajoules (GJ) 43 44 38
Total Energy Consumption Gigajoules (GJ) 514816 773228 670914

Water consumption in total and intensity (e.g. per unit of production volume, per facility).

Standard Indicator Unit 2022 2023 2024
Municipal Water Consumption m3 991399 1371523 1275616
Total Wastewater Discharge m3 804300 1100062 1001991
Water Consumption Intensity (By Revenue) m3/HKS million 35.3 60.5 48.3

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

Standard Indicator Unit 2022 2023 2024
Packaging Material Consumption (Glass) Tonne 1.7 6.9 36.6
Packaging Material Consumption (Plastic) Tonne 0.9 5.7 22.8
Packaging Materials Consumed Tonne 2.6 12.6 59.4

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

Standard Indicator Unit 2022 2023 2024
Number of Employees Aged 30-50 No. of employees 2538 2562 2677
Number of Employees Aged Above 50 No. of employees 1375 1389 1423
Number of Employees Aged Below 30 No. of employees 949 846 821
Number of Female Employees No. of employees 1548 1521 1691
Number of Full-time Employees No. of employees 4797 4748 4873
Number of Full-time Employees (Female) No. of employees 1658
Number of Full-time Employees (Male) No. of employees 3215
Number of Male Employees No. of employees 3314 3276 3230
Number of New Employees No. of employees 1093 1141 938
Number of New Employees (Female) No. of employees 274
Number of New Employees (Male) No. of employees 664
Number of Part-time Employees No. of employees 65 49 48
Number of Part-time Employees (Female) No. of employees 33
Number of Part-time Employees (Male) No. of employees 15
Number of Temporary Workers No. of employees 228 32 150
Number of Temporary Workers (Female) No. of employees 88
Number of Temporary Workers (Male) No. of employees 62
Number of Total Employees No. of employees 4862 4797 4921
Percentage of Employees Aged 30-50 % 52.23 53.43 54.41
Percentage of Employees Aged Above 50 % 28.26 28.94 28.91
Percentage of Employees Aged Below 30 % 19.52 17.64 16.69
Percentage of Female Employees % 31.82 31.68 34.35
Percentage of Full-time Employees % 98.66 99 99.02
Percentage of Male Employees % 68.18 68.32 65.65
Percentage of New Employees % 19.07
Percentage of Part-time Employees % 1.34 1.02 0.98
Percentage of Temporary Workers % 4.69 0.67 3.05

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

Standard Indicator Unit 2022 2023 2024
Turnover Rate of Employees Aged 30-50 % 8.9
Turnover Rate of Employees Aged Above 50 % 5.9
Turnover Rate of Employees Aged Below 30 % 3.9
Turnover Rate of Employees in Hong Kong % 16.6
Turnover Rate of Employees in Mainland China % 2.1
Turnover Rate of Female Employees % 5
Turnover Rate of Male Employees % 13.7
Turnover Rate of Total Employees % 25 24 19

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

Standard Indicator Unit 2024
Number of Work-related Fatalities for Contractors No. of cases 3

Lost days due to work injury.

Standard Indicator Unit 2022 2023 2024
Lost Days Due to Work-related Injuries No. of days 2551 3172 2616.5
Number of Work-related Injuries No. of case 27 33 34
Rate of Work-related Injuries per 100 employees 0.5 0.6 0.6

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

Standard Indicator Unit 2022 2023 2024
Total Hours of Safety Training for Employees No. of hours 10626 12601 17291

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

Standard Indicator Unit 2022 2023 2024
Average Training Hours (Female) No. of hours 12.3 11.4 13.1
Average Training Hours (General Staff) No. of hours 22.6 28.6 15.3
Average Training Hours (Male) No. of hours 11.2 12 10.3
Average Training Hours (Middle Management) No. of hours 14.4 14.8 13.9
Average Training Hours (Operational Employees) No. of hours 8.6 8.5 9.6
Average Training Hours (Senior Management) No. of hours 17.5 15.3 18
Average Training Hours per Employee No. of hours 11.6 11.8 11.2
Training Hours of Professional Skills Development No. of hours 25204 21868 21792

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

Standard Indicator Unit 2022 2023 2024
Total Hours of Anti-corruption Training No. of hours 3359 909 1670