Targets and Progresses

The Group is the first jewellery company in the Greater China to receive near-term carbon reduction targets
approved by the Science Based Targets initiative. We actively explore carbon reduction opportunities
and take actions to limit global warming within the 1.5°C set by the Paris Agreement.

We commit to reduce the following GHG emissions reduction targets by 2030 from a 2021 base year:

42%

Absolute Scope 1 and 2 GHG Emissions

2021

20.8

ktCO₂e

2023

20.2

ktCO₂e

25%

Absolute Scope 3 GHG Emissions
from Purchased Goods and Services

1,517

ktCO₂e

1,179

ktCO₂e

The Group’s GHG Emissions (Scope 1, 2 &3)

Scope 1

4.3%

Scope 2 - market based

95.7%

Purchased goods and services

96.5%

Others*

3.5%

(Each category below accounts for no more than 1.5%: Capital goods, Fuel and energy related activities, Upstream transportation and distribution, Waste generated in operations, Business travel, Employee commuting, Downstream transportation and distribution, Processing of sold products, End-of-life treatment of sold products, Downstream leased assets and Investments.)

Our Actions

To achieve the carbon reduction targets above, the Group has launched the "Chow Sang Sang Carbon Neutrality Program", focusing on the three major areas as follows to improve the Group's sustainability performance and create a sustainable future for the next generation.

1. Cultivate the Group’s Sustainability Momentum

The Group has set "Embracing Nature" as its corporate environmental values, with the aim of embedding the concept of sustainable development into the foundation of the Group and cultivating employees with high environmental awareness.

The meaning of our new Environmental Corporate Value:

綠 (Green)

To achieve harmony with nature and coexistence via pursuing environmental protection
as one and implementing a low-carbon operation

惜 (Cherish)

To cherish resources with a restrained attitude and cultivate awareness for environmental protection

偕行 (To walk together)

To join hands with stakeholders in building a sustainable future

「Embracing Nature」

summarizes our vision of implementing low-carbon operation as a unity and building sustainable future with our stakeholders.

The Group continues to cultivate sustainability momentum and inherit the Group's environmental culture by providing training and organizing activities.

2. Implement Low-Carbon Operations

We promote the implementation of low-carbon operations in all business units and actively take various actions to reduce carbon emissions, so as to enhance the Group's sustainability performance.

3. Encourage Customers and Suppliers to Support Carbon Reduction

In addition to reducing the Group's own carbon emissions, we also promote our sustainability philosophy to other stakeholders. We invite customers, partners and non-profit organizations to work with us to develop and participate in different carbon reduction projects, building a green future.