2023
Environmental, Social and Governance Report
Advancing sustainability strategy with dedication
Stock Code: 2633
TABLE OF CONTENTS
CHAIRMAN'S SUSTAINABILITY STATEMENT | 03 |
FY2023 ESG PERFORMANCE HIGHLIGHTS | 04 |
ABOUT THIS ESG REPORT | 05 |
ABOUT JACOBSON'S SUSTAINABILITY JOURNEY | 06 |
LONG-TERM ESG STRATEGIC VISION | 09 |
OUR ESG GOVERNANCE | 10 |
ESG RISK MANAGEMENT | 12 |
OUR SUSTAINABILITY STRATEGY | 14 |
ALIGNMENT WITH THE UNITED NATIONS SUSTAINABLE | |
DEVELOPMENT GOALS | 15 |
OUR STAKEHOLDER ENGAGEMENT | 16 |
OUR MATERIAL ESG TOPICS | 17 |
CORPORATE GOVERNANCE DUTY | 21 |
BUSINESS ETHICS AND ANTI-CORRUPTION | 22 |
DATA PRIVACY | 22 |
EQUALITY, DIVERSITY AND INCLUSION | 22 |
ANTI-CORRUPTION | 22 |
REGULATORY COMPLIANCE | 23 |
PROTECTION OF INTELLECTUAL PROPERTY | 23 |
PRODUCT RESPONSIBILITY | 24 |
PRODUCT QUALITY AND CONSUMER SAFETY | 25 |
RAW MATERIALS QUALITY INSPECTION | 26 |
FINISHED PRODUCTS QUALITY VALIDATION | 26 |
QUALITY ASSURANCE AND MANAGEMENT | 26 |
CUSTOMER SATISFACTION AND ENGAGEMENT | 26 |
SUPPLY CHAIN MANAGEMENT | 26 |
SUPPLIER ENGAGEMENT AND EVALUATION | 26 |
CONTRACTOR APPRAISAL AND SELECTION | 27 |
RESEARCH AND DEVELOPMENT | 27 |
SOCIETAL ENGAGEMENT | 28 |
COMMUNITY INVESTMENT AND DEVELOPMENT | 30 |
CULTIVATING PHARMACEUTICAL TALENTS | 30 |
CHAMPIONING THE RIGHTS OF UNDERPRIVILEGED GROUPS | 31 |
PUBLIC ACCESS TO HEALTHCARE | 31 |
ENVIRONMENTAL STEWARDSHIP | 32 |
CLIMATE CHANGE VULNERABILITY | 34 |
CARBON FOOTPRINT AND ECOLOGICAL PROTECTION | 36 |
ENERGY CONSUMPTION | 37 |
PACKAGING MATERIALS CONSUMPTION | 38 |
WATER AND WASTEWATER MANAGEMENT | 38 |
WATER MANAGEMENT | 38 |
WASTEWATER MANAGEMENT | 38 |
EMISSIONS AND WASTE MANAGEMENT | 39 |
AIR AND GHG EMISSIONS MANAGEMENT | 39 |
HAZARDOUS AND NON-HAZARDOUS WASTE MANAGEMENT.... | 40 |
ENVIRONMENTAL COMPLIANCE | 40 |
COMMITMENT TO EMPLOYEES | 41 |
DEVELOPMENT AND TRAINING | 42 |
CHILD AND FORCED LABOUR | 42 |
EMPLOYEE BENEFITS AND ENGAGEMENT | 42 |
OCCUPATIONAL HEALTH AND SAFETY | 43 |
LAWS AND REGULATIONS | 45 |
KEY PERFORMANCE INDICATORS TABLE | 46 |
HKEX ESG REPORTING GUIDE CONTENT INDEX | 49 |
APPENDIX A: THEORY OF CHANGE | 55 |
APPENDIX B: GLOSSARY | 57 |
This report is prepared in both English and Chinese. In the event of inconsistency, the English text of this report will prevail.
03 CHAIRMAN'S SUSTAINABILITY STATEMENT
"As a result of our steadfast commitment, Jacobson's ESG initiatives are progressing on the right track, and we are pleased to witness the team's dedicated efforts coming to fruition in a stepwise manner."
CHAIRMAN'S SUSTAINABILITY STATEMENT
As we press ahead with our mission of creating a paradigm that combines business strategy and sustainable development, we continue to accelerate progress in the second year of implementing our sustainability strategy "5 to Thrive". This road map is constructed of five pillars - "Corporate Governance Duty", "Product Responsibility", "Societal Engagement", "Environmental Stewardship" and "Commitment to Employees" - and ensures that Environmental, Social and Governance ("ESG") is fully embraced throughout our operations whilst driving our ambitions in achieving our ESG goals and objectives. As a result of our steadfast commitment, Jacobson's ESG initiatives are progressing on the right track, and we are pleased to witness the team's dedicated efforts coming to fruition in a stepwise manner.
Through its dedication to becoming a responsible corporate citizen, Jacobson has been recognised with four awards, which demonstrate its commitment to the ESG domain, including the Good MPF Employer Award 2021-2022 and Partner Employer Award 2022. In addition, Jacobson has reviewed the five United Nations ("UN") Sustainable Development Goals ("SDGs"), to which it can deliver the greatest contributions, and established key actions for each SDG to enhance its approach to addressing global challenges.
As part of our commitment to improving environmental protection, we have set out 12 environmental targets in FY2022 revolving around managing greenhouse gas ("GHG") emissions, waste, electricity, fuel and water, with seven targets due in FY2023. We are thrilled to announce that Jacobson has fulfilled its environmental obligations and successfully achieved four environmental targets, including organising an initiative to reduce or offset GHG emissions, and providing at least 1-hour waste reduction as well as energy and resource-saving training for employees. The remaining three targets are at an almost complete stage, and the key initiatives include creating policies focusing on environmental management, recycling, and waste management, carrying out a waste baseline study, and conducting a feasibility study for water usage. Further details on their development will be disclosed in FY2024.
Our ESG Committee, chaired by Professor Lam Sing Kwong, Simon, has convened two meetings in FY2023 and put forward a series of
constructive action plans for our ESG Working Group to follow up on. In the environmental domain, a road map to record all packaging materials in weight has been formulated to facilitate monitoring efforts and subsequently enhance resource efficiency. The glass and metal phase is set to commence in FY2024. Additionally, a plan to install solar panels on the rooftops of our production facilities has been proposed to promote our transition to renewable energy. We are seeking collaborations with external organisations for potential implementation.
In the social domain, we have empowered relevant stakeholders within our organisation to further develop engagement activities, aiming at building a strong rapport with employees. We are currently working with social enterprises on grassroots projects to diversify employee engagement initiatives.
At the community level, we have devoted resources to support organisations that focus on healthcare, such as the Children's Cancer Foundation. We are currently also establishing the Jacobson Primary Care Pharmacy Educational Award in joint hands with The University of Hong Kong, which is a new sponsorship scheme to subsidise community-based pharmacists for their continuing education.
As a leading player in the pharmaceutical industry in Hong Kong, we strive to be a role model in embracing sustainability and leverage expertise as well as resources to achieve meaningful milestones. I am truly appreciative of the unwavering dedication shown by our employees. Their continued efforts have helped Jacobson maintain its credibility and success. Together with our talented employees and stakeholders, we are passionate about improving the well-being of citizens and serving the healthcare needs of the community. Jacobson is committed to building a legacy that centres on delivering a positive impact on the environment and society whilst fulfilling its corporate responsibility - creating sustainable value in the communities in which it operates.
Sum Kwong Yip, Derek
Chairman and CEO
JACOBSON PHARMA CORPORATION LIMITED
JACOBSON PHARMA CORPORATION LIMITED 2023 ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT
FY2023 ESG PERFORMANCE HIGHLIGHTS 04
FY2023 ESG PERFORMANCE HIGHLIGHTS
4 | |||||||
awards and | |||||||
recognitions | |||||||
received | |||||||
43,600 m3 | |||||||
water saved from a | |||||||
water conservation project | |||||||
48% | 1 | ||||||
hazardous chemical waste | |||||||
reduced | 9,000+ | ||||||
sponsorship scheme | |||||||
initiated to support | |||||||
citizens reached through | community-based | ||||||
pharmacists pursuing | |||||||
healthcare and | |||||||
continuing education | |||||||
community well-being | |||||||
campaigns | |||||||
4 | |||||||
tier alert level | 33,829.67 | ||||||
respond to | |||||||
system to | |||||||
COVID-19 | training hours | ||||||
completed by | |||||||
employees | |||||||
4
environmental targets
achieved
12 | 80 | ||||||
initiatives | trees planted | ||||||
implemented | by employees to | ||||||
upon discussion by | reduce carbon footprint | ||||||
the ESG Committee | |||||||
JACOBSON PHARMA CORPORATION LIMITED 2023 ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT
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Jacobson Pharma Corporation Ltd. published this content on 07 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 July 2023 13:37:03 UTC.