ESG Performance and Commitment - The company reported its environmental, social, and governance (ESG) performance for the fiscal year ending December 31, 2023[3]. - The report emphasizes the commitment to corporate social responsibility and sustainable development initiatives[3]. - The board of directors is responsible for assessing and managing ESG-related risks and ensuring effective internal control systems are in place[8]. - The report adheres to the principles of materiality, quantification, balance, and consistency in its disclosures[7]. - The company has implemented measures to enhance its ESG performance, including community investment and labor practices[9]. - The report includes key performance indicators (KPIs) to quantify ESG disclosures and ensure meaningful comparisons over time[7]. - The company continues to explore ways to strengthen its governance methods in ESG matters[9]. - The environmental, social, and governance (ESG) working group has made significant progress in achieving established goals, although there is still room for improvement[18]. - The company has identified five key sustainability goals relevant to its business and strategy, focusing on stakeholder engagement and understanding their expectations[20]. - The company aims to enhance its environmental, social, and governance risk management and internal control systems to meet specific business needs[17]. - The company has integrated stakeholder feedback into its ESG issue assessment and prioritization process[24]. Environmental Initiatives and Goals - The company aims to promote eco-friendly products to replace plastic, focusing on silicone products that have minimal environmental impact[12]. - Silicone is highlighted as a more environmentally friendly alternative to plastic, as it does not break down into microplastics and is made from abundant earth resources[14]. - The company plans to implement measures to reduce emissions and raise employee awareness of environmental issues[17]. - The company aims to enhance its environmental performance with contributions from employees, business partners, and stakeholders[28]. - The company has set a goal to improve its environmental performance continuously, aligning with its sustainable development mission[28]. - The company aims to reduce total carbon emissions by 10% by the fiscal year 2032, with a 7.2% reduction achieved in the fiscal year 2023 compared to the fiscal year 2022[31]. - The company plans to decrease total electricity consumption by 10% by the fiscal year 2032, with only a 0.9% reduction achieved in the fiscal year 2023 compared to the fiscal year 2022[31]. - The company has set a target to reduce waste generation per million HKD revenue by 10%, but reported a 46.37% increase in waste generation per million HKD revenue in the fiscal year 2023 compared to the fiscal year 2022[31]. - The company aims to reduce water usage per million HKD revenue by 10%, but experienced a 26.38% increase in water usage per million HKD revenue in the fiscal year 2023 compared to the fiscal year 2022[31]. - The overall greenhouse gas emission density for the company is 30.37 tons of CO2 equivalent per million HKD revenue from the silicone business[32]. - The company’s total greenhouse gas emissions for the fiscal year 2023 include 6,862.98 tons of CO2 equivalent, with 417.07 kg of NOx and 21.48 kg of PM emissions reported[35]. - The company has implemented a waste management control program to enhance the effective management and recycling of waste[38]. - The company has implemented a waste management strategy based on the "3R" principle: Reduce, Reuse, and Recycle[43]. - The company is actively seeking alternative packaging materials with more renewable components to align with sustainability goals[46]. Employee and Workplace Safety - The company’s employee compensation includes basic salary, overtime pay, and various allowances, reviewed annually based on market trends[54]. - The total employee count as of December 31, 2023, is 726, a slight increase from 724 in 2022[56]. - The employee turnover rate for the reporting period is 37%, significantly down from 59% in 2022[58]. - The workforce distribution by gender shows 368 male and 358 female employees[56]. - The company has implemented a comprehensive safety management system, including safety inspections and training, to ensure workplace safety[59]. - There have been no work-related fatalities reported in the past three years[61]. - The company conducts quarterly evacuation drills to enhance employee emergency response capabilities[61]. - Regular third-party assessments and annual health check-ups are provided to ensure employee health and safety[61]. - The company has established a detailed emergency response system to handle incidents such as fires and chemical leaks[60]. - Employee training programs are in place to enhance knowledge and skills, contributing to overall productivity and sustainable development[61]. - In the fiscal year 2023, the group provided a total of 39,532 training hours to 521 employees, with 98% of employees receiving training, resulting in an average training time of 74 hours per employee[64]. - The group recorded 2 work-related injury cases in 2023, with a total of 316 workdays lost due to injuries[63]. - The group has implemented strict policies against child labor and forced labor, ensuring compliance with relevant labor laws and regulations[65]. Quality Control and Product Responsibility - The company strictly adheres to applicable laws and regulations, including the Product Quality Law of the People's Republic of China and the Production Safety Law, ensuring effective monitoring of product quality from raw materials to finished goods[69]. - Quality control measures include random sampling inspections of raw materials upon receipt, with any non-compliant materials being followed up with suppliers[71]. - The company conducts quality checks at every stage of the production process, ensuring that only products that pass inspection proceed to the next stage[71]. - Prior to shipment, the quality control team performs final inspections on finished products, removing any non-compliant items to prevent them from being mixed with compliant products[71]. - There were no product recalls during the reporting period due to safety and health reasons, and no serious violations of health and safety regulations were recorded[72]. - The company has established a customer complaint handling procedure to address complaints promptly and effectively, aiming to enhance customer satisfaction[73]. - The quality assurance department conducts thorough analyses of complaints, tracing production quality control records to identify issues[73]. - Continuous monitoring of three batches of products is implemented after corrective actions are taken to ensure effectiveness[73]. - The group received 85 complaints related to product quality during the reporting period, all of which were resolved satisfactorily[74]. Community Engagement and Social Responsibility - The group donated RMB 5,000 to the Jinhe community in January 2023 to support local initiatives[75]. - The group participated in a charity event in July 2023, donating RMB 2,000 to support local development[75]. - The group emphasizes the importance of protecting shareholder and investor rights, prohibiting bribery and other unethical practices[75]. - The report discusses community engagement policies to understand local needs and ensure business activities consider community interests[80]. - The focus areas for community investment contributions are specified[80]. - Resources allocated in focus areas, such as money or time, are detailed[80].
大洋集团(01991) - 2024 - 年度财报