Real Estate Development and Projects - Estimated net saleable/leasable GFA as of December 31, 2022, is 20,172 sq.m. for Dongguan Landmark[1] - Total estimated GFA for Tianjin Le Leman City is 97,854 sq.m., with an estimated net saleable/leasable GFA of 97,526 sq.m. as of December 31, 2022[14] - Expected completion date for the Shenzhen project is August 2023, with a total estimated GFA of 107,281 sq.m. and an estimated net saleable/leasable GFA of 58,294 sq.m. as of December 31, 2022[18] - Estimated net saleable/leasable GFA for the Hong Kong Kowloon Tong Rutland Quadrant Project is 20,050 sq.m. as of December 31, 2022[24] - The company has a diverse portfolio that includes residential, retail, industrial parks, property management, education, and investment[29] Sustainability and Environmental Management - The company emphasizes sustainability in its business strategy and governance structure, with the Board overseeing ESG issues and strategies[40] - The company aims to positively impact the communities it invests in and promote high-quality, environmentally friendly lifestyles[38] - The company maintains open communication with stakeholders to align its sustainability strategies with their expectations[39] - The Group identified 15 material ESG issues that are impactful and significant to its stakeholders, with no major changes in principal activities during the year under review[43] - The Group implemented "Six 100%" measures for dust pollution prevention and control at construction sites, in compliance with regulatory requirements[49] - The Group emphasizes the integration of green building concepts throughout the property lifecycle, adhering to the GB/T 50378–2020 standards[47] - The Group has reinforced the management of construction waste disposal and recycling in response to the latest regulations[49] - The Group treats wastewater at construction sites to acceptable limits prior to discharge[49] - The Group maintains regular inspections on environmental, safety, and health measures conducted by construction contractors[49] - The Group's ESG management approach is shaped by stakeholder feedback, ensuring alignment with their concerns and expectations[69] - The Group aims to lead a quality and environmentally-friendly lifestyle, addressing emerging ESG challenges through sustainable development initiatives[68] - The company strictly adheres to national and local laws regarding greenhouse gas emissions, air pollution, and waste management, including the Environmental Protection Law of the PRC[74] - The company has implemented a wide range of environmentally friendly practices in property development and education-related businesses, including integrating green building designs and responsible construction practices[74] - The green building concept is incorporated throughout the lifecycle of buildings, following guidelines such as the Assessment Standard for Green Building (GB/T 50378–2020)[75] - Various monitoring measures are implemented at construction sites to ensure compliance with environmental laws, enhancing environmental friendliness and reducing negative impacts on nearby communities[77] - The company promotes energy efficiency through the adoption of energy-efficient designs and equipment in its properties[74] - The company aims to improve water use efficiency through water-efficient designs and recycling practices at construction sites[74] - The company has implemented measures to treat waste cooking oils from restaurants before discharge, ensuring compliance with environmental regulations[100] - The company aims for zero incidents regarding the use and storage of pesticides and cleansing agents[100] - The company supports local government initiatives for old clothing recycling by providing venues and encouraging donations[89] - The company is focused on promoting environmental friendliness and reducing negative impacts on nearby communities through its construction practices[98] Corporate Governance - The company has adopted the Corporate Governance Code as the basis for its corporate governance practices, ensuring high standards to enhance corporate value and safeguard shareholder interests[197] - The Board consists of three executive directors, two non-executive directors, and three independent non-executive directors, with Mr. WONG Chun Hong serving as the chairman[197] - The company has complied with all Code Provisions of the Corporate Governance Code during the year ended December 31, 2022, except for the separation of the roles of chairman and CEO[197] - The Board is responsible for overseeing major matters, including management strategies, internal controls, financial performance, and monitoring senior management[197] - The company will review its current governance structure when appropriate to ensure effective leadership and accountability[197] - The Board consists of at least one-third independent non-executive Directors, ensuring a balanced composition[198] - All Directors receive regular updates on the Group's performance, position, and prospects to make informed decisions[198] - The Company has mechanisms in place to ensure independent views are available to the Board, reviewed annually[198] - The Board is responsible for developing and reviewing corporate governance policies and practices[198] - All Directors are subject to retirement by rotation and eligible for re-election at least once every three years[200] - Newly appointed Directors receive a comprehensive, tailor-made induction to understand the Company's operations and responsibilities[200] Employee Welfare and Development - As of December 31, 2022, the Group has a total of 883 employees, comprising 882 full-time and 1 part-time employee[117] - Employee distribution by region shows 96% in Hong Kong and 4% in Mainland China[119] - Employee age distribution indicates 20% are under 30, 68% are between 30-50, and 12% are over 50[120] - The Group strictly complies with relevant labor laws and regulations, ensuring occupational health and safety, and prohibits any form of discrimination[116] - All employees are entitled to paid annual leave, sick leave, and other benefits, promoting work-life balance[117] - The Group has a zero-tolerance policy towards child labor and forced labor, requiring valid identification for all employees during recruitment[116] - The Group is committed to providing an inclusive working environment to foster employee diversity and development opportunities[115] - The Group has established grievance channels for employees to report suspected non-compliance or misconduct[115] - The Group emphasizes the importance of employee contributions to overall business success and aims to optimize career development mechanisms[116] - The company encourages employee development through competitive salaries and regular performance reviews to maximize their potential and value[132] - Approximately 10,200 hours of training and development were provided for employees in 2022, enhancing their professional skills and knowledge[175] - The company reported a 100% training rate for middle management, with an average of 9.31 training hours completed per employee in that category[150] - The company actively supports employee well-being and work-life balance through team-building events to enhance cohesion and teamwork[149] Community Engagement and Social Responsibility - The company donated approximately HK$1,463,000 to support various community investment programs during the year[182] - The New Great Wall-Top Spring International Scholarship program has been providing financial support for college students from Guangdong, Jiangsu, Jiangxi, and Sichuan since 2010[182] - The company is dedicated to supporting charitable initiatives and donations to contribute to the development of charity undertakings in China[182] - The Group organized recycling campaigns for second-hand textbooks in 2022, donating them to students in need to alleviate economic burdens[110] Health and Safety - The company achieved a zero-incident goal for major health and safety accidents, ensuring no work-related deaths or lost days due to injuries were recorded during the year[162] - There were no work-related fatalities or lost days due to work-related injuries recorded during the year under review, indicating a strong safety compliance record[144] - The company has set a safety objective of zero major health and safety incidents and conducts regular safety inspections to ensure compliance with health and safety measures[142] - The company adheres to ISO 45001 certification for occupational health and safety management systems, demonstrating commitment to employee safety[161] - Regular safety inspections are conducted to ensure health and safety measures are effectively implemented across properties and construction sites[161] - Employees are provided with personal protective equipment, including surgical masks and disinfectants, to minimize infection risks during the COVID-19 pandemic[161] Financial Performance and Emissions - In 2022, the Group's operations generated 10,281.84 tonnes of carbon dioxide equivalent, with approximately 96% of emissions coming from energy consumption through purchased electricity (Scope 2) [110] - Total GHG emissions in 2022 amounted to 9,731.59 tonnes of carbon dioxide equivalent, reflecting a decrease of 1.49% compared to 2021 [112] - The Group's total energy consumption in 2022 was 18,573,936.23 kWh, showing an increase of 0.88% from the previous year [112] - The Group's water consumption in 2022 was 553,752.60 m³, which is a reduction of 8.74% compared to 2021 [112] - The Group's general waste generated in 2022 was 26,260.66 tonnes, a significant reduction of 20.61% compared to 2021 [112] - The Group is actively implementing various emission reduction measures and energy-efficient initiatives to mitigate environmental impacts [110]
莱蒙国际(03688) - 2022 - 年度财报