Hop Fung Group Holdings Ltd 2019 AR2
The report highlights Hop Fung Group's sustainability and financial performance for the fiscal year 2019. Facing raw material shortages due to Chinese restrictions on waste paper imports, the company experienced a decline in revenue and recorded a net loss. To address this, Hop Fung Group initiated a project in Southeast Asia to lease a new factory and install a pulp production line, expected to start in mid-2020. On the ESG front, the group reduced its total greenhouse gas emissions to 174,542 tonnes of CO2 equivalent and decreased water consumption. The company also maintained its commitment to workplace safety, reporting zero work-related fatalities during the year.
Company: Hop Fung Group Holdings Ltd
Sector: Manufacturing
Country: Hong Kong
Year: 2019
Type: AR2
Pages: 162
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Hop Fung Group Holdings Ltd
Annual Report
The report highlights Hop Fung Group's sustainability and financial performance for the fiscal year 2019. Facing raw material shortages due to Chinese restrictions on waste paper imports, the company experienced a decline in revenue and recorded a net loss. To address this, Hop Fung Group initiated a project in Southeast Asia to lease a new factory and install a pulp production line, expected to start in mid-2020. On the ESG front, the group reduced its total greenhouse gas emissions to 174,542 tonnes of CO2 equivalent and decreased water consumption. The company also maintained its commitment to workplace safety, reporting zero work-related fatalities during the year.
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Document Details
Report Year
2019
Reporting Period
Jan 1, 2019 - Dec 31, 2019
Fiscal Year
2019
Type
Annual Report with Sustainability Disclosures
Language
English, Chinese
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Water Consumption
Workplace Fatalities
Employees