Social Impacts: People
Social Impacts: Clients and Suppliers
Social Impacts: Community
Approach to Sustainability
CEO Message
Responsible Governance
Environmental Stewardship
Appendices
About This Report
About Kum Shing
Materiality Assessment
Materiality Matrix
Economy 1 D irect economic value 2 F inancial risks and opportunities due to climate change 3 Indirect economic impacts 4 E conomic impacts of procurement practices Environment 5 G reenhouse gases and other air emissions 6 W ater and effluents 7 Waste 8 Energy 9 Materials 10 Biodiversity 11 Climate change Society – Business Ethics 12 Anti-corruption 13 P revention of anti-competitive practices Society – Employees 14 Employment management system 15 Employer-employee relations 16 O ccupational health and safety 17 T raining and development 18 D iversity, equal opportunity and non-discrimination 19 R espect for the rights of association and collective bargaining
High
ensures we consider the material risks and opportunities ahead. To align our Sustainability Report with the latest global best practices, we will conduct a double materiality assessment that consider both financial materiality and impact materiality.
In FY2022/23, we conducted a materiality assessment, facilitated by a third-party to identify the most relevant sustainability issues for Kum Shing and to identify those that should take priority. This process refined our sustainability strategy, guided our daily practices, and
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Assessment Process
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Identify relevant sustainability issues We developed a list of 33 sustainability issues relevant to Kum Shing in the aspects of economy, environment and society, based on the GRI Standards and HKEX ESG Reporting Guide. 1 Assess and prioritise material issues We invited internal stakeholders to complete an online survey to gather their views on each issue. The importance of issues to stakeholders, and Kum Shing’s positive and negative impacts on the economy, environment and society, were evaluated. By assessing both perspectives, we determined the overall materiality level of each issue and developed a materiality matrix with a priortised list of sustainability issues. 2
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Monitored Issues
Moderate Issues
Material Issues
Low
Impact of Kum Shing on the economy, environment and society
High
24 Q uality management and after- sales service 25 Data privacy 26 P rotection of intellectual property rights Society – Suppliers 27 Supplier environmental assessment
28 S upplier social assessment 29 Sustainable procurement Society – Community 30 C ommunity impact assessment and management 31 Community investment 32 R espect for indigenous rights 33 P articipation in public policy
20 P revention of child labour or forced labour 21 R espect for human rights Society – Customers 22 P roduct and service health and safety 23 Responsible marketing communications
Validation and approval The Sustainability Committee reviewed and confirmed the results of the materiality assessment. 3
Material Issues and Impacts
We identified nine material issues through the materiality assessment and this Report covers all material issues as shown below:
Stakeholders Impacted
Impacts and Responses in the Relevant Chapters Social Impacts: People – Occupational Health and Safety; Talent Acquisition and Management; Talent Development Social Impacts: Client and Suppliers – Quality Management; Supply Chain Management Responsible Governance – Business Ethics and Integrity; Information Security and Privacy
Material Issues
Suppliers & Business Partners Employees Clients Community
16 Occupational health and safety 15 Employer-employee relations 14 Employment management system 17 Training and development 18 Diversity, equal opportunity and non- discrimination 22 Product and service health and safety
12 Anti-corruption
25 Data privacy 26 Protection of intellectual property rights
19 KUM SHING SUSTAINABILITY REPORT 2024/25
KUM SHING SUSTAINABILITY REPORT 2024/25
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