Hop Fung Group Holdings Ltd 2022 AR2
The report outlines Hop Fung Group's sustainability performance for the fiscal year 2022. During the year, the group's upstream containerboard business was temporarily suspended due to local environmental policies, leading to a 43.8% decrease in total revenue to HK$424.4 million. To mitigate environmental impacts, the group initiated a project to convert its boilers from coal-fuel to gas-fuel and continued using its white water recycling system to minimize water consumption. Additionally, the group maintained its track record of zero bad debts and worked on installing a pulp production line in the Philippines to reduce future costs.
Company: Hop Fung Group Holdings Ltd
Sector: Manufacturing
Country: Hong Kong
Year: 2022
Type: AR2
Pages: 182
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Hop Fung Group Holdings Ltd
Annual Report
The report outlines Hop Fung Group's sustainability performance for the fiscal year 2022. During the year, the group's upstream containerboard business was temporarily suspended due to local environmental policies, leading to a 43.8% decrease in total revenue to HK$424.4 million. To mitigate environmental impacts, the group initiated a project to convert its boilers from coal-fuel to gas-fuel and continued using its white water recycling system to minimize water consumption. Additionally, the group maintained its track record of zero bad debts and worked on installing a pulp production line in the Philippines to reduce future costs.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
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
Women on Board
Women in Management
Workplace Fatalities
Employees