2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

Year: 2024
Published: 2025-04-24
Status: Processed

Extracted ESG KPIs

KPIs are organized by ESG aspects.

The types of emissions and respective emissions data.

Indicator Unit 2020 2021 2022 2023 2024 Report Pages
Total Carbon Monoxide CO emission (tonne) tonne 0.03 0.06 0.02 0.02 0.01 29
Total Sulphur Dioxide SO2 emission (tonne) tonne 3.85 6.35 2.96 2.78 1.81 29
Total Volatile Organic Chemicals emission (tonne) (From production) tonne 50.43 33.03 27.05 6.69 12.36 29
Total nitric oxide NOx emission (tonne) tonne 0.16 0.2 0.13 0.13 0.1 29

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 2020 2021 2022 2023 2024 Report Pages
CO2 emission in tonne tonne 30168 25313 27012 19
CO2 emission intensity 13.3 12.82 13.33 18, 19
CO2e emissions offset by I-RECs tCO2e 4600 17
Carbon emissions from upstream and downstream transportation in the supply chain (tonne CO2e) tonne CO2e 4845.8 29
Direct emission (Fuel, natural Gas, Towngas, fire extinguishers) (tonne) tonne 7503.26 10085.35 6964.09 5619.87 5197.62 29
Group Carbon Emissions Scope 1 tonnes CO2 7506 10088 6966 5619 5197 11
Group Carbon Emissions Scope 2 tonnes CO2 22699 25528 22112 19848 21930 11
Indirect Emission (Electricity consumed, Towngas) (tonne) tonne 22821.04 25786.41 22112.84 19823.09 21930.07 29
Percentage of raw materials (by weight) with transportation data collected for carbon emissions analysis % over 95 27
Reduction of greenhouse gas emissions from food waste recycling (Hung Hing Printing Limited, New Territories East) tonnes CO2 3.9 20
Scope 3 Carbon Emissions - Business-related Air Travel (Group) tonnes CO2 9.18 12
Total Carbon Dioxide emission (CO2) (tonne) tonne 30324.3 35871.76 29076.93 25442.96 27127.68 29
Total greenhouse gas emission per million HKD of goods sold (tonne CO2e) tonne CO2e 11.89 10.19 9.87 10.66 12.36 29
Transportation-related carbon emissions from raw material suppliers tonnes CO2e 4846 27

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

Indicator Unit 2020 2021 2022 2023 2024 Report Pages
Hazardous waste Tonne 607 731 530 609 483 21
Hazardous waste in tonne tonne 607.3 609.9 483.65 19
Hazardous waste intensity 0.27 0.27 0.24 18, 19
Hazardous waste intensity improvement year 2024 11.11% 19
Solid and liquid hazardous from production and water treatment (tonne) tonne 607.3 731.07 530.37 608.9 483.65 29
Total hazardous waste produced per million HKD of goods sold (tonne) tonne 0.24 0.21 0.18 0.26 0.22 29

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

Indicator Unit 2020 2021 2022 2023 2024 Report Pages
Metal (recycled) Tonne 149 271 142 281 237 21
Non-hazardous waste Tonne 1524 653 744 424 496 21
Non-hazardous waste (tonne) (Office waste, paper, plastic not suitable for recycle, household waste from canteen and dormitories) tonne 1524.2 653.37 743.88 423.52 496.74 29
Non-hazardous waste in tonne tonne 1524.2 423.52 496.74 19
Non-hazardous waste intensity 0.67 0.23 0.25 18, 19
Non-hazardous waste intensity improvement % 70 61.66 18
Non-hazardous waste intensity improvement year 2023 71.13% 19
Non-hazardous waste intensity improvement year 2024 62.69% 19
Paper (recycled) Tonne 39192 45023 47848 32771 29521 21
Plastic (recycled) Tonne 393 398 339 322 300 21
Total non-hazardous waste produced per million HKD of goods sold (tonne) tonne 0.6 0.19 0.25 0.18 0.23 29
Total recycled food waste quantity (accumulated, Hung Hing Printing Limited, New Territories East) tonnes 11.8 20
Wood (recycled) Tonne 863 1126 889 590 567 21

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

Indicator Unit 2023 2024 Report Pages
CO2 emission improvement year 2023 +16.09% 19
CO2 emission improvement year 2024 +10.46% 19
CO2 emission intensity improvement % -4.12 18
CO2 emission intensity improvement year 2024 -0.23% 19
CO2 emissions reduced by renewable energy tonnes 2852 16
Hazardous waste intensity target 0.28 18, 19

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 2023 2024 Report Pages
Food waste quantity for recycling in reporting period (Hung Hing Printing Limited, New Territories East) tonnes 7.7 20
Hazardous waste improvement year 2023 -0.09% 19
Hazardous waste improvement year 2024 20.36% 19
Hazardous waste intensity improvement % 8.3 18
Hazardous waste intensity improvement year 2023 -3.99% 19
Non-hazardous waste improvement year 2023 72.21% 19
Non-hazardous waste improvement year 2024 67.40% 19
Non-hazardous waste intensity target 0.59 19

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 2020 2021 2022 2023 2024 Report Pages
Diesel consumption (heavy duty vehicles replaced diesel-powered forklifts with electric models upon retirement) tons 104.5 75.2 61.08 32.75 17
Electric forklifts in fleet 50 50 53 16
Electric pallet trucks in fleet 393 395 543 16
Electric passenger vehicles in fleet 12 13 19 16
Electricity (MWh) MWh 60483 68075 59226 55432 61003 30
Electricity consumption MWh 60483 59226 55432 61003 17
Electricity intensity 26.54 25.28 29.94 19
Electricity usage MWh 60192 55182 60687 19
Energy consumed per million HKD of goods sold (MWh) MWh 38 33 32 35 40 30
Fuel and gas (MWh) MWh 36496 48334 33935 27343 25427 30
Green energy production (Group) kWh 5478133 7313499 16
International Renewable Energy Certificates (I-RECs) acquired MWh 12400 17
Natural gas consumption (power production steam boilers and cooking purposes) m3 3595665 3384100 2699513 2560628 17
Petrol consumption (passenger vehicles) % 92.46 76.02 51.06 26.69 17
Solar panel electricity generation (Hong Kong headquarters) MWh 1266 16
Solar panel share of electricity usage (Hong Kong headquarters) 68% 16
Total installed solar panel capacity kWp 8662 7
Total raw materials received at Group’s production sites tonnes 139000 27
Total solar capacity (Heshan, Vietnam, GDL facilities) kWp 8662 16
Towngas consumption (Hong Kong) MJ 323328 299040 270480 278640 17

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

Indicator Unit 2020 2021 2022 2023 2024 Report Pages
Water consumed per million HKD of goods sold (M³) M³ 414 310 353 362 286 30
Water consumption m³ 864983 627500 16
Water consumption by production, canteen and dormitory (M³) M³ 1057315 1093661 1041474 864983 627500 30
Water usage m³ 1051986 625176 19
Water usage intensity % 413.98 362.39 286 18, 19

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

Indicator Unit 2023 2024 Report Pages
Electricity intensity improvement % -17.3 18
Electricity intensity improvement year 2023 +4.75% 19
Electricity intensity improvement year 2024 -12.81% 19
Electricity usage improvement year 2023 +8.32% 19
Electricity usage improvement year 2024 -0.82% 19
Water usage intensity improvement % 30.91 18
Water usage intensity improvement year 2023 -1.68% 19
Water usage intensity improvement year 2024 -33.50% 19
Water usage intensity target 408.17 18, 19

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.

Indicator Unit 2023 2024 Report Pages
Water usage improvement year 2023 +21.62% 19
Water usage improvement year 2024 -40.57% 19

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

Indicator Unit 2020 2021 2022 2023 2024 Report Pages
Consumption of certified paper tonnes 58200 59100 15
Packaging materials are mainly nylon tape and PP shrinkage film (tonne) tonne 325.48 425.98 314.65 268.12 255.1 30
Packaging materials consumed per million HKD of goods sold (tonne) tonne 0.13 0.12 0.11 0.11 0.12 30
Total paper consumed by production (tonne) tonne 142027 217665 157000 148000 136000 30

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

Indicator Unit 2024 Report Pages
Solar panel capacity added kWp 2561 7

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

Indicator Unit 2024 Report Pages
Forecasted water level rise during flooding response drill at two sites cm 50 14

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

Indicator Unit 2020 2021 2022 2023 2024 Report Pages
Group turnover (exclude paper trading) HKD million HKD million 2268 2183 2027 19
Group turnover improvement % -6.5 -14.0 18
Middle management – female 410 411 481 442 375 31
Middle management – male 344 379 421 419 387 31
Number of employees attending year-end BBQ event (Hong Kong) employees 140 24
Senior Management – female 57 48 47 45 41 31
Senior Management – male 139 108 101 102 86 31
Worker – female 2850 2755 2489 2277 1841 31
Worker – male 2812 2792 2688 2467 2189 31
Workforce Total 6612 6493 6227 5752 4966 31
Workforce by age group > 30–50 4857 4798 4505 4015 3406 31
Workforce by age group At and below 30 1200 954 957 867 628 31
Workforce by age group over 50 555 741 765 870 932 31
Workforce by gender Female 3319 3214 3023 2765 2318 31
Workforce by gender Male 3293 3279 3204 2987 2648 31
Workforce by geographic location Eastern China 380 355 287 287 245 31
Workforce by geographic location Hong Kong 290 292 266 234 280 31
Workforce by geographic location Southern China 5804 5475 5152 4601 3871 31
Workforce by geographic location Vietnam 138 371 522 630 570 31

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

Indicator Unit 2020 2021 2022 2023 2023 to 2024 2024 Report Pages
Employee turnover % - 30–50 % 20 58 46 34 38 32
Employee turnover % - At and below 30 % 55 91 80 76 84 32
Employee turnover % - Eastern China % 39 35 20 38 33 32
Employee turnover % - Female % 31 66 53 44 39 32
Employee turnover % - Hong Kong % 17 16 21 14 15 32
Employee turnover % - Male % 29 76 60 52 54 32
Employee turnover % - Southern China % 31 75 61 54 55 32
Employee turnover % - Total % 30 72 57 49 48 32
Employee turnover % - Vietnam % 6 14 17 16 32
Employee turnover % - over 50 % 9 19 26 24 20 32
Group turnover HKD million 2387 18
Operating profit HK$'000 177207 -51787 8

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

Indicator Unit 2020 2021 2022 2023 2024 Report Pages
LTIR (Lost Time Injury Rate = number of hours lost per 200000 work hours) 95.69 139.38 67.12 119.41 70.33 32
Number of incidents 20 26 12 16 10 32
TIR (Total Incident Rate = number of incidents per 200000 work hours) 0.25 0.28 0.15 0.22 0.15 32
Total Incident Rate (TIR) 0.22 0.15 25

Lost days due to work injury.

Indicator Unit 2020 2021 2022 2023 2024 Report Pages
Number of days lost due to work injury days 959 1613 674 1065 567 32

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

Indicator Unit 2020 2021 2022 2023 2024 Report Pages
Attendee Female 29875 36366 29805 26791 25212 33
Attendee Male 27608 38961 33058 39765 29898 33
Attendee Middle management (%) % 3.01 2.71 4.41 4.6 4.3 33
Attendee Senior Management (%) % 0.74 0.55 0.58 0.49 0.4 33
Attendee Total 57483 75327 62863 66556 55113 33
Attendee Worker (%) % 96.25 96.74 95.01 94.91 95.18 33
Number of training participants participants 55000 26

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

Indicator Unit 2020 2021 2022 2023 2024 Report Pages
Total training hours delivered hours 120000 26
Training hour Female (Average hours) hours 2.42 4.37 3.53 2.05 2.02 33
Training hour Male (Average hours) hours 2.44 5.41 4.3 2.12 2.33 33
Training hour Middle management (Average hours) hours 2.81 2.4 2.61 3.09 2.57 33
Training hour Senior Management (Average hours) hours 2.74 1.91 2.3 2.28 2.33 33
Training hour Total 139724 369339 247580 139200 120398 33
Training hour Worker (Average hours) hours 2.42 4.99 4.01 2.04 2.17 33

Number of suppliers by geographical region.

Indicator Unit 2020 2021 2022 2023 2024 Report Pages
Active Supplier in China 1513 1267 859 593 416 34
Active Supplier in Hong Kong 58 57 26 25 32 34
Active Supplier in Vietnam 9 20 15 52 54 34
Current assets HK$'000 2149305 1882022 8

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

Indicator Unit 2024 Report Pages
Number of suppliers providing transportation-related carbon emissions data 342 27

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

Indicator Unit 2020 2021 2022 2023 2024 Report Pages
Percentage of total products sold or shipped subject to recalls for safety and health reasons 0.0000% 0.0000% 0.0000% 0.0000% 0.0000% 34

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

Indicator Unit 2020 2021 2022 2023 2024 Report Pages
Net assets HK$'000 3175155 2958612 8
Number of products and service related complaints received 470 211 192 125 176 34

Number of concluded legal cases regarding corrupt practices brought against the issuer or its employees during the reporting period and the outcomes of the cases.

Indicator Unit 2023 2024 Report Pages
Current liabilities HK$'000 558118 408048 8

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

Indicator Unit 2024 Report Pages
Number of participants in anti-bribery training participants 9012 27
Total anti-bribery training hours delivered hours 9012 27

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

Indicator Unit 2020 2021 2022 2023 2024 Report Pages
Number of employees participating in blood donation drive at Hong Kong headquarters employees 37 26
Number of families participating in parent-child activities (Heshan Factory) families 100 24
Revenue HK$'000 2386862 2194763 8
Total charitable donations HKD 230000 26
Total value of money and product donation 260115 85800 71000 205000 230000 34

The types of emissions and respective emissions data.

Standard Indicator Unit 2020 2021 2022 2023 2024
NOâ‚“ Emissions tonne 0.16 0.2 0.13 0.13 0.1
SOâ‚“ Emissions tonne 3.85 6.35 2.96 2.78 1.81

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 2020 2021 2022 2023 2024
Direct GHG Emissions (Scope 1) tonnes CO2 7506 10088 6966 5619 5197
Indirect Energy Emissions (Scope 2) tonnes CO2 22699 25528 22112 19848 21930
Scope 3 GHG Emissions (Business Travel) tonnes CO2 9.18
Scope 3 GHG Emissions (Downstream Transportation and Distribution) tonne CO2e 4845.8
Scope 3 GHG Emissions (Upstream Transportation and Distribution) tonnes CO2e 4846
Total GHG Emissions tonne 30324.3 35871.76 29076.93 25442.96 27127.68
Total GHG Emissions Intensity (By Revenue) tonne CO2e 11.89 10.19 9.87 10.66 12.36

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

Standard Indicator Unit 2020 2021 2022 2023 2024
Total Hazardous Waste tonne 607.3 731.07 530.37 609.9 483.65
Total Hazardous Waste Intensity (By Revenue) tonne per million HKD 0.24 0.21 0.18 0.26 0.22

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

Standard Indicator Unit 2020 2021 2022 2023 2024
Non-Hazardous Waste Recycled Tonne 40947 46818 49118 33964 30625
Total Non-Hazardous Waste Intensity (By Revenue) tonne per million HKD 0.6 0.19 0.25 0.18 0.23

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

Standard Indicator Unit 2023 2024
CO2 Emissions Reduction Percentage Compared to Last Year % 16.09 10.46
Percentage of Reduction in GHG Intensity Compared to Last Year % -0.23

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 % -3.99 8.3
Target Hazardous Waste Intensity Reduction Percentage Compared to Last Year % 0.59

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 2020 2021 2022 2023 2024
Diesel Fuel Consumption tons 104.5 75.2 61.08 32.75
Energy Consumption Intensity (By Revenue) MWh 33 32 35 40
Fuel and gas (MWh) MWh 36496 48334 33935 27343 25427
Natural Gas Consumption m3 3595665 3384100 2699513 2560628
Purchased Electricity MWh 60483 68075 59226 55432 61003
Purchased Electricity Intensity (By Revenue) MWh 40
Solar Energy MWh 5478.133 7313.499

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

Standard Indicator Unit 2020 2021 2022 2023 2024
Water Consumption m³ 1057315 1093661 1041474 864983 627500
Water Consumption Intensity (By Revenue) m³ per million HKD 414 310 353 362 286

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

Standard Indicator Unit 2023 2024
Electricity Usage Reduction Percentage Compared to Last Year % 8.32 -0.82

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.

Standard Indicator Unit 2023 2024
Water Consumption Reduction Percentage Compared to Last Year % 21.62 -40.57

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

Standard Indicator Unit 2020 2021 2022 2023 2024
Packaging Material Intensity (By Revenue) tonne per million HKD 0.13 0.12 0.11 0.11 0.12
Packaging Materials Consumed tonne 325.48 425.98 314.65 268.12 255.1

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

Standard Indicator Unit 2020 2021 2022 2023 2024
Number of Employees Aged 30-50 persons 4857 4798 4505 4015 3406
Number of Employees Aged Above 50 persons 555 741 765 870 932
Number of Employees Aged Below 30 persons 1200 954 957 867 628
Number of Employees in East China persons 380 355 287 287 245
Number of Employees in Hong Kong persons 290 292 266 234 280
Number of Employees in South China persons 5804 5475 5152 4601 3871
Number of Employees in Vietnam persons 138 371 522 630 570
Number of Female Employees persons 3319 3214 3023 2765 2318
Number of General Employees persons 5662 6547 5177 4744 4077
Number of General Employees (Female) persons 2992 2742 2511 2277 1841
Number of General Employees (Male) persons 2670 2805 2666 2467 2189
Number of Male Employees persons 3293 3279 3204 2987 2648
Number of Middle Management Employees persons 754 790 902 861 762
Number of Middle Management Employees (Female) persons 410 411 481 442 375
Number of Middle Management Employees (Male) persons 344 379 421 419 387
Number of Senior Management Employees persons 196 156 148 147 127
Number of Senior Management Employees (Female) persons 57 48 47 45 41
Number of Senior Management Employees (Male) persons 139 108 101 102 86
Number of Total Employees persons 6612 6493 6227 5752 4966
Percentage of Employees Aged 30-50 % 73.5 73.9 72.4 69.8 68.6
Percentage of Employees Aged Above 50 % 8.4 11.4 12.3 15.1 18.8
Percentage of Employees Aged Below 30 % 18.2 14.7 15.4 15.1 12.7
Percentage of Female Employees % 50.2 49.5 48.5 48.1 46.7
Percentage of Male Employees % 49.8 50.5 51.5 51.9 53.4

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

Standard Indicator Unit 2020 2021 2022 2023 2024
Turnover Rate of Employees Aged 30-50 % 20 58 46 34 38
Turnover Rate of Employees Aged Above 50 % 9 19 26 24 20
Turnover Rate of Employees Aged Below 30 % 55 91 80 76 84
Turnover Rate of Employees in East China % 39 35 20 38 33
Turnover Rate of Employees in Hong Kong % 17 16 21 14 15
Turnover Rate of Employees in South China % 31 75 61 54 55
Turnover Rate of Employees in Vietnam % 6 14 17 16
Turnover Rate of Female Employees % 31 66 53 44 39
Turnover Rate of Male Employees % 29 76 60 52 54
Turnover Rate of Total Employees % 30 72 57 49 48

Lost days due to work injury.

Standard Indicator Unit 2020 2021 2022 2023 2024
Lost Days Due to Work-related Injuries days 959 1613 674 1065 567

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

Standard Indicator Unit 2020 2021 2022 2023 2024
Percentage of Trained Female Employees % 51.95 48.28 47.39 40.25 45.75
Percentage of Trained General Employees % 96.25 96.74 95.01 94.91 95.18
Percentage of Trained Male Employees % 48.05 51.72 52.61 59.75 54.25
Percentage of Trained Middle Management % 3.01 2.71 4.41 4.6 4.3
Percentage of Trained Senior Management % 0.74 0.55 0.58 0.49 0.4

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

Standard Indicator Unit 2020 2021 2022 2023 2024
Average Training Hours (Female) hours 2.42 4.37 3.53 2.05 2.02
Average Training Hours (General Staff) hours 2.42 4.99 4.01 2.04 2.17
Average Training Hours (Male) hours 2.44 5.41 4.3 2.12 2.33
Average Training Hours (Middle Management) hours 2.81 2.4 2.61 3.09 2.57
Average Training Hours (Senior Management) hours 2.74 1.91 2.3 2.28 2.33
Total Training Hours hours 139724 369339 247580 139200 120000

Number of suppliers by geographical region.

Standard Indicator Unit 2020 2021 2022 2023 2024
Number of Suppliers in Hong Kong 58 57 26 25 32
Number of Suppliers in Mainland China 1513 1267 859 593 416
Number of Total Suppliers 1580 1344 900 670 502
Total Number of Suppliers in Vietnam 9 20 15 52 54

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

Standard Indicator Unit 2020 2021 2022 2023 2024
Number of Products and Service Related Complaints 470 211 192 125 176

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

Standard Indicator Unit 2024
Number of People Participated in Ethical Standards and Anti-corruption Training participants 9012
Total Hours of Anti-corruption Training hours 9012

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

Standard Indicator Unit 2020 2021 2022 2023 2024
Total Public Welfare Donations HKD 230000
Total Social Investment HKD 260115 85800 71000 205000 230000