Environmental Management - The company's water usage in 2023 was 800 cubic meters, with a density of 0.96 cubic meters per million HKD of revenue, compared to 716 cubic meters and 0.76 cubic meters per million HKD in 2022[7] - The company's environmental, social, and governance (ESG) report highlights compliance with waste disposal and chemical regulations in Hong Kong[16] - The company's ESG initiatives include managing greenhouse gas emissions, energy usage, and water resources, as well as addressing supply chain environmental and social risks[30] - Total non-hazardous waste generated remained constant at 5.92 tons in both 2022 and 2023, with a density of 0.01 tons per million HKD revenue[82] - The company continued its emission reduction measures, effectively controlling emissions despite increased business volume[83] - The company's water usage remained low due to its operational and business nature, with no significant water-related challenges encountered[115][116] - The company's waste disposal did not pose a significant risk, with non-hazardous waste being collected by contracted cleaning services[113] - The company's environmental goals include reducing water usage and promoting water-saving awareness among employees[116] - The company's greenhouse gas emissions are categorized into Scope 1 (direct emissions from operations), Scope 2 (indirect emissions from purchased electricity), and Scope 3 (other indirect emissions, including employee business travel and waste disposal), calculated based on the Hong Kong Stock Exchange's Environmental Key Performance Indicators Reporting Guidelines[123] - The company's water usage increased by 11.7% in 2023 compared to 2022, with water usage density increasing by 26.3%, primarily due to the resumption of normal office operations post-pandemic[154] - The company is actively reducing the use of natural resources and converting unavoidable waste into resources to support a circular economy, including reducing the number of printed annual reports to minimize paper usage[131] - The company has identified climate-related risks that could disrupt operations and is consulting with independent advisors to mitigate these risks[136] - The company is focusing on improving electricity efficiency as a priority, not only as part of its environmental policy but also to reduce operational costs and increase marginal profit value[143] - The company anticipates increasing compliance costs due to growing emissions reporting obligations and plans to develop mitigation measures to address the impact of climate change on operations and services[144] - The company's satellite operations do not rely heavily on natural resource consumption and do not generate significant waste or hazards to the environment, but it continues to monitor radiation emissions from satellite antennas[138] - The company has implemented energy efficiency measures, including controlling room temperature to 25°C, increasing the use of natural light in office and public areas, and automatically turning off unused lighting, which has significantly reduced power consumption[156] - The company has optimized the tracking strategy of KA 13m antennas, greatly reducing the working time of drive motors and lowering daily power consumption[156] - The company has replaced some high-power amplifiers with low-power ones based on actual business needs, further reducing power consumption[156] - The company has relocated some HPAs from radio frequency rooms to the center of the antenna body, significantly reducing feeder loss[156] - The company has reduced printing and turned off radio frequency equipment, including HPAs and frequency converters, when not in use to save energy[156] - The company's ESG performance indicators include emissions, resource usage, and environmental impact, with specific KPIs for greenhouse gas emissions, waste management, energy consumption, and water usage[191] Employee Management and Training - The company employs 87% of its staff in Hong Kong and strictly complies with local employment laws[31] - The company employed 108 employees in 2023, with 87.0% from Hong Kong, 6.5% from Mainland China, and 6.5% from other regions[47] - Male employees accounted for 68.5% (74 employees) and female employees accounted for 31.5% (34 employees) in 2023[47] - 93.5% of employees (101 employees) received training in 2023, compared to 66.4% (75 employees) in 2022[51] - 90.5% of male employees (67 employees) and 100.0% of female employees (34 employees) received training in 2023[51] - Management-level employees had an 85.7% training participation rate (6 employees), mid-level employees had 100.0% (6 employees), and general employees had 93.7% (89 employees) in 2023[51] - The company provided annual health check-ups for employees to promote health awareness[48] - The company ensured compliance with labor laws, including no use of child labor and adherence to the Hong Kong Occupational Safety and Health Ordinance[53] - Total number of full-time employees decreased from 113 in 2022 to 108 in 2023, maintaining a 100% full-time employment rate[70] - Employee turnover rate increased from 14.2% in 2022 to 19.0% in 2023, with the highest turnover among employees under 30 years old (68.8%)[70] - The company maintained a 0% injury rate and 0 lost workdays in 2023, consistent with previous years[75] - The company strictly adhered to employment laws and regulations in Hong Kong and other jurisdictions, including the Employment Ordinance and Mandatory Provident Fund Schemes Ordinance[76] - The company provided time and funding for employees to attend external training programs related to their work scope in both 2022 and 2023[86] - The company maintained a diverse workforce, with 63.9% of employees aged 30-50 and 21.3% over 50 years old in 2023[70] - The company has a comprehensive training program for employees, with training hours and participation rates categorized by gender and employee type[165] - The company has implemented measures to prevent child labor and forced labor, with steps to address any violations[165] Corporate Governance and Compliance - The company's annual general meeting in 2023 adopted amendments to the articles of association to align with updated listing rules and allow for electronic or hybrid meetings[36] - The company's shareholder communication policy ensures timely and accessible information, with direct engagement opportunities at the annual general meeting[5] - The company's Board of Directors took overall responsibility for ESG strategy and reporting, ensuring environmental protection measures and good social responsibility practices[72] - The company's internal control and risk management systems remained effective throughout 2023, with no significant control failures reported in financial, operational, or regulatory areas[92][93] - The company's internal audit team independently tested and evaluated the effectiveness of selected internal controls, with results reviewed by the Audit and Risk Management Committee[92] - The company's internal control framework is based on the COSO recommendations, covering financial, operational, and regulatory controls, as well as risk management[104] - The company has a robust anti-corruption and bribery policy, including a whistleblowing mechanism for employees to report any suspected misconduct anonymously[142] - The company's board of directors is responsible for reviewing corporate governance policies, training, and compliance with legal and regulatory requirements, as well as the company's adherence to the Corporate Governance Code[120] - The company regularly reports its financial status to the board of directors, ensuring continuous, balanced, and clear assessments for strategic decisions and regulatory compliance[159] - The company has disclosed key ESG performance indicators, including climate change-related issues, employee statistics, health and safety measures, and anti-corruption efforts[165][166] - The company has a robust anti-corruption framework, including training for directors and employees, and a reporting mechanism for corruption cases[166] - The company has implemented a shareholder communication policy to enhance effective communication with shareholders and encourage their active participation in corporate affairs[186] Satellite Operations and Infrastructure - The company operates satellites covering approximately 75% of the global population across Asia, Europe, Africa, and Oceania[14] - The company has invested in building a new earth station to support the government's 5G development plan and minimize the impact on community residents[27] - The company's satellite system provides high-quality services, positioning it as a leading satellite operator in the Asia-Pacific region[19] - The company has identified physical risks from climate change, including extreme weather events such as typhoons and heavy rainfall, which can affect satellite operations. To mitigate these risks, the company has designed ground systems with sufficient redundancy and uses high wind-resistant antennas capable of withstanding wind speeds of up to 320 km/h[190] - The company has established a backup control center outside of Hong Kong to ensure satellite safety and control during extreme and unpredictable climate disasters[190] Financial Performance and Reporting - The company's financial performance for the year ended December 31, 2023, is detailed in the consolidated financial statements on pages 95 to 177[198] - Changes in the company's share capital are detailed in Note 26(b) of the consolidated financial statements[200] - The company's dividend policy is based on financial conditions, business prospects, future income, cash flow, and asset costs, with final dividends requiring approval at the annual general meeting[125] Supply Chain and Product Responsibility - The company collaborated with 714 suppliers in 2023, up from 674 suppliers in 2022[57] - The company prioritized suppliers with green policies and environmental certifications[55] - The company's supply chain management practices include identifying environmental and social risks at each stage of the supply chain and promoting the use of environmentally friendly products and services[193] - The company's product responsibility KPIs include tracking the percentage of products recalled for safety and health reasons, handling customer complaints, and ensuring consumer data protection and privacy[193] Energy and Emissions Management - The company's total energy consumption decreased by 6.0% in 2023, with energy intensity increasing by 6.5% compared to 2022, primarily due to a decline in data center operations[108] - Direct energy consumption in 2023 was 111,791 kWh, while indirect energy consumption was 10,260,443 kWh, resulting in a total energy consumption of 10,372,234 kWh[108] - Total CO2 equivalent emissions in 2023 were 4,103,267 kg, a decrease from 4,319,103 kg in 2022[111] - Direct CO2 emissions in 2023 were 29,312 kg, while indirect emissions from energy were 4,001,573 kg[111]
亚太卫星(01045) - 2023 - 年度财报