Shun Hing Group Releases FY2026 ESG Report: GHG Emissions Down 36.6%, Paper-Recycling Rate Jumps to 65.4%

Bulletin Express
07/21

SH Group (Holdings) Limited (Shun Hing Group) has published its Environmental, Social and Governance (ESG) Report for the financial year ended 31 March 2026 (FY2026), outlining notable progress in emissions control, resource efficiency and stakeholder engagement across its Hong Kong-based electrical and mechanical (E&M) engineering operations.

Double-digit cut in greenhouse gas emissions • Total indirect greenhouse-gas (GHG) emissions fell to 39.0 tonnes CO₂e, down 36.6% from 61.5 tonnes CO₂e in FY2025 and 46.9% below the FY2022 base of 73.5 tonnes CO₂e. • Scope 2 emissions (electricity) accounted for 34.6 tonnes CO₂e, while Scope 3 emissions (net paper consumption) contributed 4.4 tonnes CO₂e; the group reports no material Scope 1 emissions because on-site construction work is undertaken by subcontractors. • GHG-emission intensity improved to 0.0024 tonnes CO₂e per sq ft of office area versus 0.0035 a year earlier.

Resource-use efficiencies • Electricity consumption declined 23.0% year on year to 101,907 kWh, or 6.3 kWh per sq ft of office area, mirroring reduced operating activity. • Paper usage dropped to 2.6 tonnes (FY2025: 4.3 tonnes) following “paperless reporting” initiatives. The recycling programme collected 1.7 tonnes, lifting the recycling ratio to 65.4%, compared with 46.5% in FY2025 and well above the 10% target set for 2027.

Zero non-compliance and safety incidents • No material breaches of Hong Kong’s environmental or labour regulations were recorded during the year. • For the second consecutive year, the company reported zero employee fatalities; lost-time injuries fell to nil days from 18 days in FY2025.

Strengthened ESG governance and risk oversight • The board retains ultimate responsibility for ESG strategy, supported by an executive-level ESG Working Group and oversight from the Audit Committee. • An ISO 14001:2015 environmental-management system and ISO 45001:2018 occupational-health-and-safety system remain in force. • Climate-risk assessments focus on extreme weather, rising temperatures, tighter disclosure rules and reputational considerations; no material financial impact was identified for FY2026.

Forward-looking environmental targets (base year: FY2022) • Maintain GHG-emission intensity in line with business growth by 2027. • Recycle at least 10% of paper waste by 2027 (65.4% already achieved in FY2026). • Keep electricity-consumption intensity aligned with business expansion through continued adoption of energy-efficient equipment and workplace practices.

Community and workforce initiatives • Headcount stood at 121 (FY2025: 139); turnover rate fell to 26.4%. • Approximately 90% of male employees and 9.9% of female employees received training, averaging 6.1 and 5.7 hours respectively. • Charitable contributions totalled HK$8.60 million in FY2026, directed to the Silver Lining Foundation and a Hong Kong bank’s Green Deposit Program.

Management stated that ongoing monitoring and periodic board reviews underpin the group’s commitment to integrating sustainability considerations into strategic planning and daily operations.

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