Financial Statements and Governance - The consolidated financial statements for the year ended 31 December 2023 were audited by BDO Limited, with a resolution for their re-appointment proposed at the upcoming annual general meeting[2]. - The Company complied with all provisions of the Corporate Governance Code for the year ended December 31, 2023, except for the separation of roles between the chairman and chief executive officer[178]. - The Board consists of five Directors, including one executive, one non-executive, and three independent non-executive Directors, contributing diverse financial and regulatory expertise[179]. - Nine Board meetings and one shareholders' meeting were held during the year ended December 31, 2023[182]. - The Company has adopted the Model Code for securities transactions by Directors, with all Directors confirming compliance throughout the year[179]. - The Board is responsible for formulating long-term corporate strategy and overseeing the management of the Group[181]. - The Company has taken appropriate insurance to cover legal liabilities against Directors arising from corporate activities[180]. - The Board meets regularly to review financial and operating performance and approve overall strategies and policies[181]. - Independent non-executive Directors have access to senior management and independent professional advice as needed[181]. - The Company will continue to assess the effectiveness of its structure and consider the appointment of a chief executive officer if necessary[178]. - The Board ensures a balance of power and authority despite the absence of a chief executive officer, with responsibilities clearly defined among Directors[178]. Revenue and Business Operations - The Group's revenue is fully derived from property investment and securities investment, contributing 100% to the Group's total revenue for the financial year 2023[7]. - The Group does not provide tangible products, indicating a focus on services rather than physical goods[185]. - No product or service-related complaints were received during the reporting period, reflecting strong customer satisfaction[185]. Environmental, Social, and Governance (ESG) Initiatives - The Group emphasizes the importance of robust corporate governance in achieving sustainability and business success, with the Board overseeing ESG and climate-related issues[11]. - The Group has set environmental goals and measures to enhance business sustainability and address climate change challenges[20]. - The ESG Report includes key performance indicators (KPIs) that are quantitatively measured and disclosed to evaluate the effectiveness of ESG policies[5]. - The Board regularly reviews the Group's ESG strategy and progress towards achieving related goals, with meetings held at least annually[11]. - The ESG Report provides an unbiased narrative for stakeholders to objectively evaluate the Group's ESG performance[7]. - The report adheres to principles of materiality, balance, consistency, and quantitative measurement to ensure comprehensive ESG reporting[5]. - The Group continues to explore integrating environmental, social, and governance considerations into its investment strategies[52]. - The company aims to enhance its ESG management approach and strategy, focusing on material ESG-related issues[78]. - The report includes a commitment to reducing hazardous waste and improving waste management practices[86]. - The company has set emission reduction targets and is taking steps to achieve them[86]. - The company has implemented policies to minimize its significant impact on the environment and natural resources, with actions taken to manage these impacts[28-31]. - The company has described significant climate-related issues that may impact its operations and the actions taken to manage these issues[28-31]. Energy and Resource Management - The Group is committed to energy conservation and optimizing the use of natural resources in daily operations[20]. - The Group's total GHG emissions decreased to 6.9 tonnes CO2e, representing a 9% decrease compared to the previous year[47]. - The Group consumed a total of 9.8 MWh of energy, reflecting a 3% decrease from the previous year[48]. - The Group's GHG emissions intensity was recorded at 3.7 tonnes CO2-e per employee[61]. - The Group's total hazardous waste amounted to 0.003 tonnes, with a hazardous waste intensity of 0.00004 tonnes per employee[61]. - The company has set energy efficiency targets and is taking steps to achieve them, focusing on the efficient use of resources including energy and water[29]. - Water consumption metrics are reported, including total water usage and intensity[31, 37]. Employee Development and Workplace Safety - The Group aims to enhance operational performance through employee satisfaction and offers competitive remuneration packages[38]. - The Group's approach to training and development includes various programs to meet operational needs and encourage professional recognition[58]. - 100% of employees received training, demonstrating a commitment to employee development[92]. - No work-related fatalities or injuries reported in 2023, maintaining a safety record[67]. - Employee turnover rate decreased to 25% in 2023 from 43% in 2022, reflecting improved employee retention[67]. - Total workforce increased to 8 in 2023 from 7 in 2022, indicating a growth in human resources[67]. - Gender distribution shows 33% male and 67% female employees, with a significant shift in age group representation[67]. - The average training hours per employee category are calculated, excluding resigned employees during the reporting period[92]. - The average training hours completed per employee are tracked, with a focus on gender and employee category[33, 40]. - Occupational health and safety measures have been adopted, with descriptions of how these measures are implemented and monitored[32-33]. - The Group's policies ensure equal opportunity and diversity in recruitment and employment practices[43]. - Total workforce demographics include a breakdown by gender, employment type, age group, and geographical region, with specific attention to employee turnover rates[38, 39]. Risk Management and Compliance - An Internal Control Policies and Procedures Manual guides the relevant procedures and practices for risk management and internal control[14]. - The company has policies in place to manage environmental and social risks within its supply chain, including the number of suppliers by geographical region[35, 40]. - There are preventive measures and whistle-blowing procedures in place to combat corruption, with training provided to directors and staff[33-34]. - The company engages with communities to understand their needs and ensure that its activities consider community interests[35].
远东控股国际(00036) - 2023 - 年度财报