- Decrease in revenue derived from the integrated IT solutions services segment due to the decrease in the number of integrated IT solutions projects.
- Delay of the tendering progress of certain potential integrated IT solutions projects.
- Increase in trade receivables balance due to the increase in revenue for FY2023 and a significant portion of projects were merely completed around the 2023 year end and such trade receivables were not yet due as at 31 December 2023; and the increase in long-aged trade receivables as a result of the extended payment period granted by the Group for certain projects and the delay in settlement of trade receivables due from certain customers for FY2023.
- Increased frequency and severity of extreme weather events that can disrupt operations.
- Increasing requirements of climate-related information disclosures.
- Stricter environmental laws and regulations that may expose enterprises to higher risks of claims and lawsuits.
- High employee turnover rate (approximately 44%).
Maiyue Technology Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Maiyue Technology Limited disclosed greenhouse gas emissions of 185.26 tCO2e/year. By scope: Scope 1: 21.14 tCO2e/year; Scope 2: 164.12 tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
185.26 tCO2e/year
2023
Water Usage
2.2K m3/year
2023
Waste
4.1K KG/year
2023
Energy Use
353.8K kWh/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 21.14 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 164.12 tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Maintained total GHG emissions intensity for 2024 to be not more than the 2023 baseline.
- Reduced total non-hazardous waste intensity by 3% by 2028 compared to the 2023 baseline.
- Reduced total energy consumption intensity by 3% by 2028 compared to the 2023 baseline.
- Conducted or participated in awareness-building activities related to water conservation annually from 2024 onwards.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Maintain the total GHG emissions intensity for 2024 to be not more than the 2023 baseline.
- Reduce the total non-hazardous waste intensity by 3% by 2028 compared to the 2023 baseline.
- Reduce the total energy consumption intensity by 3% by 2028 compared to the 2023 baseline.
🌱 ESG Focus Areas
Customer Privacy and Company Data ProtectionIntellectual Property ProtectionCustomer Complaint ManagementProject Quality ManagementEmployment practices and complianceEmployee RetentionEmployee Health and SafetyLabor StandardsStaff Development and TrainingBusiness Ethics and EthicsAnti-CorruptionResource Use and EfficiencySupply Chain ManagementEnergy ManagementControl emissionsEnvironmental ComplianceWater Resources ManagementWaste ManagementCommunity InvestmentClimate Change ResponseMaterial Use and PackagingEnvironment and Natural Resources