Fountain Set 2025 ESG Report: GHG Emissions Down 58%, Sets Sharper 2030 Climate and Resource Targets

Bulletin Express
Apr 29

Fountain Set (Holdings) Limited released its 2025 Environmental, Social and Governance (ESG) Report, outlining solid progress in decarbonisation, resource efficiency and supply-chain governance, while announcing stricter 2030 targets across emissions, energy, water and waste.

Key operating metrics • Group greenhouse-gas emissions fell 58.0% year-on-year to 277,137 tCO₂e; intensity declined 55% to 0.22 tCO₂e per tonne of production. • Total energy consumption decreased 20% to 1.75 million MWh; intensity dropped 16% to 1.39 MWh per tonne. • Water use declined 14% to 9.56 million m³; wastewater intensity fell 9% to 5.99 m³ per tonne. • Hazardous waste fell 24% to 2,060.63 tonnes; non-hazardous waste fell 5% to 52,575.27 tonnes with an overall 98% recycling rate.

New 2030 targets (baseline 2025 unless stated) • Cut GHG-emission intensity 25% (previous 18% cut against 2024 baseline already achieved). • Reduce energy-consumption intensity 10%; raise renewable-energy share to 15% of the Group’s mix. • Lower water-consumption intensity 18% (baseline 2024). • Trim hazardous-waste intensity 10%.

Project highlights • Centralised heat supply at Futian Oasis produced 1.18 million tonnes of steam, replacing small coal boilers and achieving NOₓ <30 mg/m³, SO₂ <35 mg/m³, PM <5 mg/m³. • Yancheng Fuhui commissioned a 2.25 MW rooftop solar PV system; Ocean Lanka generated 2.18 GWh from solar and mapped biomass boiler expansions for 2026-27. • Shatin Lake Side achieved >45% water reuse and saved 2,736 tonnes of standard coal through equipment upgrades.

Supply-chain and product stewardship • Active vendor screening against GOTS, GRS, OCS, PEFC/FSC and ZDHC standards; 969 suppliers assessed globally. • Zero product recalls and no material non-compliance on health, safety, advertising or labelling. • 51 utility patents held; new innovations include metal-free anti-odour fabrics, graphene prints and fluorine-free water-repellent cotton.

Awards and certifications • National Cleaner Production Award (Sri Lanka, textile-large category) and Jiangsu “Green Factory” status. • Maintained Oeko-Tex Standard 100, ISO 9001, ISO 45001, Higg FEM/FSLM verifications and multiple Regenagri, BCI and U.S. Cotton Trust Protocol memberships.

Human capital and community • Workforce totalled 4,078 with a 26% turnover rate; no work-related fatalities and one lost-time injury reported. • 13,319 training hours delivered (7.04 hours per employee); all staff covered by social insurance. • Community programmes included “Rainbow Classroom” summer school (264.5 volunteer hours) and blood-donation drives.

Governance and forward roadmap The board reaffirmed alignment with Hong Kong’s 2050 carbon-neutral blueprint and China’s “30·60” goals. Scenario analysis identified acute weather events and energy-transition policy as top risks; emission-reduction projects and renewable build-outs form the mitigation pathway.

Management will report target progress semi-annually and integrate climate metrics into operational KPIs and future remuneration frameworks.

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