- Post-pandemic rebound lacked momentum, especially in Mainland China.
- High store rentals in Hong Kong.
- Labor shortage.
- Downtrend in gem-set jewellery sales in Mainland China.
- Sluggish sales of high unit price gem-set jewellery.
- Disappointing diamond sales.
- Downward pressure on gross profit margin due to increasing proportion of gold in sales mix.
- Climate-related physical risks (extreme weather, flooding, water stress) and transition risks (regulatory changes, market shifts).
Chow Sang Sang Holdings International Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Chow Sang Sang Holdings International Limited disclosed greenhouse gas emissions of 20.7K tCO2e/year. By scope: Scope 1: 875 tCO2e/year; Scope 2: 19.3K 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
20.7K tCO2e/year
2023
Water Usage
114.2K tonnes/year
2023
Waste
1.0K tonnes/year
2023
Energy Use
3.6K GJ/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). | 875 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 19.3K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 20.7K tCO2e/year |
| 2022 | 15.8K tCO2e/year (Scope 2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Expanded reporting boundary to encompass Hong Kong, Mainland China, Macau, and Taiwan.
- Obtained ISO 45001 certification.
- Zero work-related fatality in the last three years.
- Implemented multiple energy and water efficiency measures.
- Adopted green building design and materials in Xian flagship store.
- Reduced wastewater discharged compared to 2022.
- Hong Kong offices and laboratory received Wastewise Certificate (Excellence Level), factory received Wastewise Certificate (Good Level).
🎯 Climate & Sustainability Targets
📅 Medium-term
- Reduce electricity consumption and electricity-led greenhouse gas emissions intensity by 7% at jewellery manufacturing factories by 2030.
- Reduce water consumption and intensity by 7% at jewellery manufacturing factories by 2030.
- Increase the use of e-receipt to 70% by 2030.
🔭 Long-term
- Achieve decarbonisation with a systematic approach.
🌱 ESG Focus Areas
Occupational safety and healthService and product qualityEmployee development and trainingAnti-corruptionSupply chain management