Bawang Group (stock code: 01338) released its 10th Environmental, Social and Governance (ESG) Report, covering operations at its Guangzhou production hub for the 2025 financial year (1 Jan – 31 Dec 2025). The Board-led ESG governance structure continues to steer strategy and disclosure, while the ESG Committee convened at least twice during the year to track objectives, align with HKEX guidance and reset 2024 as the baseline for medium-term targets.
Environmental Performance and Targets • Rooftop solar expansion – Phase II completed in May 2025 lifted total in-house photovoltaic output to 4.65 million kWh (Phase I: 3.92 million kWh; Phase II: 0.73 million kWh), reducing grid reliance and supporting decarbonisation plans. • Greenhouse gases – Total emissions reached 3,787.71 tCO₂e, equal to 0.07 tCO₂e per thousand production units. Scope 1 (30.61%), Scope 2 (30.91%) and Scope 3 (38.48%) were all disclosed, with capital goods and purchased electricity the two largest contributors. A 5 % intensity cut is targeted by 2029 versus the 2024 baseline. • Air quality – NOx and PM intensities were trimmed from 42.77 kg/m² and 3.91 kg/m² in 2024 to 8.48 kg/m² and 0.56 kg/m² respectively, meeting the 50 %-reduction targets set for 2030 ahead of schedule; SOx intensity remained 0.02 kg/m², on track for further improvement. • Energy – Total energy use rose 47.2 % to 13.36 million kWh, driven by switching boilers fully to natural gas. Energy-intensity increased to 161.65 kWh per thousand production units; a 10 % cut is targeted by 2034. • Waste – Hazardous waste totalled 247.71 tonnes (6.52 kg/m²) and non-hazardous waste 79.43 tonnes (2.09 kg/m²). A 30 % reduction in generation intensity is planned by 2032. • Water – Consumption reached 175,563 m³ (3.16 m³ per thousand production units); a 10 % intensity cut is scheduled by 2032. All effluent met Discharge Standard of Water Pollutants limits.
Social Metrics • Workforce – Headcount stood at 417 (56 % female); staff turnover was 12.47 % (52 departures). • Safety – Zero work-related fatalities or lost-time injuries for the third consecutive year. • Training – 100 % of employees trained; average 2.35 hours. Directors completed 201.5 training hours in aggregate. • Supply chain – 189 suppliers, predominately from Guangdong (166). On-site audits and annual assessments address quality and ESG risk.
Governance and Compliance • No breaches were recorded against environmental, labour, health-and-safety, advertising, data-privacy or anti-corruption regulations. • Anti-corruption training covered all employees and Directors; whistle-blowing channels remain active. • Intellectual property portfolio expanded to 40 patents and 202 registered trademarks.
Climate Strategy Scenario analysis aligned with HKEX guidance highlighted extreme-weather and regulatory transition risks. Mitigation levers include supplier engagement, process upgrades and expanded renewable energy adoption.
Community Investment Charitable activities focused on health, sport and poverty relief, including hair-care donations to over 100 families and sponsorship of a local National Games “Happy Run”.
The ESG Committee will continue monitoring progress against the updated 2024 baseline, with emphasis on achieving the 5 % GHG-intensity cut by 2029 and the 10 % energy-intensity cut by 2034.