ESG Performance and Governance - APAC Resources Limited focuses on strategic investments in metals, mining, and energy sectors, with a commitment to sustainable development initiatives and key performance indicators[3]. - The report period covers from July 1, 2023, to June 30, 2024, detailing the company's environmental, social, and governance (ESG) performance[3]. - The company emphasizes the importance of stakeholder engagement and has employed an independent third-party consultancy to assess ESG issues and performance[8]. - The board of directors oversees ESG matters and has delegated daily responsibilities to senior management and department heads for risk management[9]. - APAC Resources has established a sustainable development policy that integrates principles related to employment, labor practices, business integrity, and community engagement[10]. - The report adheres to the Hong Kong Stock Exchange's ESG reporting guidelines, ensuring compliance with mandatory disclosure requirements[4]. - The company aims to create long-term value for all stakeholders, including employees and the broader community, through its ESG initiatives[8]. - Key performance indicators are disclosed quantitatively, providing a comprehensive overview of the company's ESG performance[2]. - The governance framework is designed to effectively manage risks and enhance ESG performance, with regular reviews and updates to policies and practices[9]. - The report highlights the significance of continuous communication with stakeholders to understand their interests and expectations regarding ESG issues[8]. - The company identified key stakeholders including the board, management, shareholders, employees, and suppliers for effective communication and collaboration[11]. Environmental Impact - The company reported a significant increase in particulate matter emissions from 299 grams in 2023 to 1,475 grams in 2024, representing a 393% increase[16]. - Sulfur oxide emissions rose from 4,341 grams in 2023 to 30,372 grams in 2024, indicating a 600% increase[16]. - Nitrogen oxide emissions increased from 2,645 grams in 2023 to 10,066 grams in 2024, reflecting a 280% rise[16]. - The company recorded direct greenhouse gas emissions of approximately 188 tons of CO2 equivalent in 2024, up from 136 tons in 2023[16]. - Indirect greenhouse gas emissions related to purchased electricity were about 126,000 tons of CO2 equivalent in 2024, compared to approximately 53,000 tons in 2023, marking a 138% increase[16]. - The company has not generated any hazardous waste during the reporting period, with only non-hazardous waste produced[17]. - The company aims to minimize greenhouse gas emissions and waste generation, aligning with government carbon neutrality goals for 2050 and 2060[18]. - The company has established a sustainable development policy focused on compliance with laws and reducing environmental impact[15]. - Total electricity consumption for the group was approximately 224,000 kWh, equating to about 9,000 kWh per employee, with a significant portion attributed to operations in Australia[19]. - Total paper usage was around 127,000 sheets, which translates to approximately 5,000 sheets per employee[19]. - Total water consumption was about 120 cubic meters, averaging around 5 cubic meters per employee[20]. - The company is increasingly focusing on investments in low-carbon industries, including electric vehicles, battery metals, and renewable energy[21]. - The company has implemented emergency measures to address extreme weather events, including typhoons and heavy rain[22]. Employee Welfare and Compliance - The company emphasizes employee welfare by ensuring a safe and healthy work environment and promoting work-life balance[23]. - The company adheres to various employment laws and regulations in Hong Kong and mainland China, ensuring compliance with labor standards[25]. - The company has not identified any non-compliance issues with relevant laws and regulations regarding employment practices[26]. - The company encourages resource efficiency and has established guidelines for energy conservation and material recycling[19]. - The company aims to maintain existing levels of energy, paper, and water consumption despite increased activities[20]. - Total number of employees in 2024 is 25, with a turnover rate of 18% for males and 21% for females[27]. - Employee training participation increased to 69% for males and 100% for females in 2024, with average training hours of 11 for males and 22 for females[30]. - No work-related injuries reported in the past three years, maintaining a safe working environment[29]. - The company has a gender diversity goal aiming for balanced male and female employment ratios and equal pay for equal work[27]. - The employee turnover rate for those aged 30 or below is 133% in 2024, compared to 400% in 2023[27]. - The company has established a policy to ensure compliance with labor laws and regulations, with regular reviews of employment standards[32]. Community Engagement and Corporate Social Responsibility - The company has donated a total of approximately HKD 55,000 to various charitable organizations in Hong Kong and Australia during the reporting period, compared to about HKD 1,000 in 2023[39]. - The company encourages employees to participate in community and charitable activities, reinforcing its commitment to corporate social responsibility[39]. - There were no concluded corruption lawsuits against the company or its employees during the reporting period, indicating no significant corruption-related risks[37]. - No product recalls or complaints related to safety or health issues reported during the period[35]. - The management team has participated in various training sessions, including anti-money laundering and regulatory updates[30]. - The company has not reported any incidents of child or forced labor during the reporting period[32]. - The company has implemented a solar energy system at one of its Australian offices to address environmental risks[33].
亚太资源(01104) - 2025 - 年度财报