2023 Sustainability Report
可 持 續 發 展 報 告
CONTENTS
STRATEGY
CREATING VALUE
2 About this Report
4 Leadership Messages
- About Chow Tai Fook Jewellery Group
- Stakeholder Engagement
- Our Centennial Commitment
GOVERNANCE
GOVERNING SUSTAINABLY
- Sustainability Governance
- Risk Management
- Ethical Business Practices
- Group Policies
PERFORMANCE
DELIVERING ON OUR COMMITMENT
- Craftsmanship, Innovation & Technology
- Responsible Sourcing
- People Focused
- Resource Efficiency & Carbon Reduction
FRAMEWORK
REPORTING FRAMEWORK
- Glossary
- ESG Data Summary
- Sustainability Awards and Recognitions
- Content Index
- Verification Statement
Leadership | About | Our | Governing | Craftsmanship, | Responsible | People | Resource | Reporting |
Messages | Chow Tai Fook | Centennial | Sustainably | Innovation & | Sourcing | Focused | Efficiency & | Framework |
Jewellery | Commitment | Technology | Carbon | |||||
Group | Reduction |
About this Report
Reporting Period and Scope
Chow Tai Fook Jewellery Group is pleased to present its eighth Sustainability Report (this "Report") covering the financial year from 1 April 2022 to 31 March 2023. The reporting scope1 reflects the Group's core and material business units in Mainland China (the "Mainland") and Hong Kong and Macau of China, including 1,860 self-operated POS, offices and four production hubs.
Reporting Principles
This Report is compiled in accordance with the Environmental, Social and Governance Reporting ("ESG") Reporting Guide of The Stock Exchange of Hong Kong Limited ("HKEX") and with reference to the Global Reporting Initiative ("GRI") Sustainability Reporting Standards. This Report is prepared in line with the four reporting principles in the ESG Reporting Guide of the HKEX, including materiality, quantitative, balance and consistency. In addition, our climate-related disclosure refers to the Recommendations from the Task Force on Climate-Related Financial Disclosures ("TCFD"). We are also continuously adapting and improving our sustainability reporting in line with the evolving landscape of relevant indices and benchmarks such as the Hang Seng Corporate Sustainability Index.
Dissemination Method
This Report will only be disseminated electronically via the Sustainability section of the Group website and on the website of the HKEX. For more information about the Group's sustainability philosophy and performance, please visit the Sustainability sectionof our Group website. For disclosures on business highlights, financial performance, strategic reporting and corporate governance, please refer to the Annual Report 2023of the Group.
Sustainability section of | Our Annual |
our Group website | Report 2023 |
Independent Verification
This Report has been independently verified by Hong Kong Quality Assurance Agency on its accuracy, completeness and compliance with reporting guidelines. For independent verification statements, please refer to the Verification Statementsection.
1 The scope of this Report does not include offices and 50 POS located in other markets, including Taiwan (China), Cambodia, Canada, Japan, Korea, Malaysia, the Philippines, Singapore, Thailand, United States and Vietnam.
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Sustainability Report 2023
Leadership | About | Our | Governing | Craftsmanship, | Responsible | People | Resource | Reporting |
Messages | Chow Tai Fook | Centennial | Sustainably | Innovation & | Sourcing | Focused | Efficiency & | Framework |
Jewellery | Commitment | Technology | Carbon | |||||
Group | Reduction |
Contact Us
The Group values and regards every stakeholder's comments as an important driving force in pursuit of our centennial goal. We welcome your valuable comments on the contents of this Report and the sustainable development of the Group. Please contact us via email at ir@chowtaifook.com.
Index Constituent
• Hang Seng Corporate Sustainability Index
• Hang Seng (Mainland and Hong Kong)
Corporate Sustainability Index
- Hang Seng Corporate Sustainability Benchmark Index
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Sustainability Report 2023
Leadership | About | Our | Governing | Craftsmanship, | Responsible | People | Resource | Reporting |
Messages | Chow Tai Fook | Centennial | Sustainably | Innovation & | Sourcing | Focused | Efficiency & | Framework |
Jewellery | Commitment | Technology | Carbon | |||||
Group | Reduction |
Leadership Messages
Chairman's Message
Dear Stakeholders,
As a responsible business, Chow Tai Fook operates with a long-term mindset, ensuring that we protect the trust that we have cultivated over the last 94 years. A challenging business environment last year did not deter us from advancing our sustainability initiatives to deliver a positive impact for people and the environment, while also generating positive long-term value.
We aim to contribute to combatting our greatest planetary, climate and human challenges by promoting responsible business practices. This includes supporting the five United Nations' Sustainability Development Goals ("SDGs") through "Our Centennial Commitment", which continues to guide our future-looking strategy.
Setting a Path to Resource Efficiency & Carbon
Reduction
Since we began reporting in FY2019 (base year), the Group has achieved 30% and 36% reductions in GHG emissions and water use intensity, respectively, and 52% reduction in waste intensity from production. But this is only the start of our journey. We are committed to further bolstering our business resilience and reducing our environmental impact through greener operations and responsible sourcing and selling. In FY2023, we undertook a thorough assessment of the environmental performance of our production hubs to identify emissions reduction and resource optimisation opportunities, strengthening our commitments to clean energy sourcing and resource optimisation, and deploying technology to reduce our environmental impact. These findings will inform our next phase of progress towards our targets.
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Sustainability Report 2023
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Disclaimer
Chow Tai Fook Jewellery Group Ltd. published this content on 13 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 June 2023 07:29:06 UTC.