The Group adopts a science-based approach to formulate
our long-term climate strategy and has set specific goals:
Understand and Analyse Potential Climate Risks and Impacts
To understand and mitigate climate-related risks that may affect our business, we engaged a third-party institution to conduct climate risk assessments for our manufacturing and retail businesses, and our short-, medium-, and long-term exposure to climate-related risks. At the same time, we carried out comprehensive carbon audits to quantify the impact of business operations on the environment.
Setting SBTi and Carbon Neutral Targets
The Group is the first jewellery company in the Greater China to receive near-term carbon reduction targets approved by the Science Based Target initiative. We are committed to limiting global warming within 1.5°C set by the Paris Agreement. We also set the centennial vision, achieving carbon neutrality by 2034.
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Taking Climate Actions
The Group has launched the "Chow Sang Sang Carbon Neutrality Program" in 2023. We strengthen the green corporate culture by formulating the Environmental Policy and corporate value as well as conducting training and organising activities. In the meantime, we implement low-carbon operations to continuously reduce our environmental footprint. Moreover, we share the Group's carbon neutral vision with our customers and partners, encourage and assist them to proactively reduce carbon, and explore carbon reduction opportunities together. The Group aims to achieve carbon reduction targets and further contribute to mitigating climate change by taking the climate actions above.
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