- Postponed delivery and longer execution period for certain planned advertising campaigns
- Negative carryover effect from restrictions and COVID-19 outbreaks in Mainland China
- Gradual emergence in the rest of APAC region affecting its media and agency business
- Increase in operating expenses in headcounts and investments in long-term development projects
- Increase in cost of revenue due to increase in staff headcounts and strong performance in E-commerce and Retail Segment
- Increase in selling and marketing expenses due to new headcounts and increased spending in social media marketing
- Increase in administrative and operating expenses due to staff costs, rental costs, and travel expenses
- COVID-19 pandemic impacting physical campaign production and business activities in APAC
- One court case in relation to image copyright infringement
Hypebeast Limited
Greenhouse gas emissions & sustainability report data
In its 2022-04 to 2023-03 reporting, Hypebeast Limited disclosed greenhouse gas emissions of 170.8K kg CO2-e/year. By scope: Scope 2: 103.8K kg CO2-e/year; Scope 3: 67.0K kg CO2-e/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
170.8K kg CO2-e/year
2022-04 to 2023-03
Water Usage
355.02 m3/year
2022-04 to 2023-03
Waste
11.17 tons/year (non-hazardous)
2022-04 to 2023-03
Energy Use
233.0K kWh/year
2022-04 to 2023-03
📊 Emissions by Scope (2022-04 to 2023-03)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 103.8K kg CO2-e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 67.0K kg CO2-e/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 |
|---|---|
| 2022-04 to 2023-03 | 170.8K kg CO2-e/year |
| 2021-04 to 2022-03 | 152.8K kg CO2-e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced energy consumption intensity by approximately 17% and water consumption intensity by approximately 30%
- Slight decrease in non-hazardous waste generation
- Increased percentage of paper recycled (39% in 2022/2023 vs 30% in 2021/2022)
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce GHG emissions by around 3% by 2026
📅 Medium-term
- Reduce energy consumption intensity by 5% by 2028 and 7% by 2032
- Reduce water consumption intensity by 5% by 2028 and 7% by 2032
- Reduce waste disposal intensity by 5% by 2028 and 7% by 2032
- Ensure the Group’s greenhouse gas emissions will comply with the local requirements on or before 2030
🔭 Long-term
- Achieve carbon neutrality by 2050 in Hong Kong region and by 2060 in PRC
🌱 ESG Focus Areas
Climate ChangeEmployment PracticesDiversity and Equal OpportunitiesAnti-discriminationStaff Occupational Health and SafetyStaff Development and TrainingProhibition of Child Labour and Forced LabourCompliance with Regulations on Marketing, Product and Service LabellingCustomers’ Privacy and ConfidentialityCustomer SatisfactionIntellectual PropertySafety of Services/ProductsQuality of Services/ProductsBusiness EthicsAnti-corruption Training for Management and EmployeesResponsible Supply Chain ManagementEnvironmental Friendliness on Products or Service PurchasedContributions to the SocietyCommunication and Connection with Local Community