- Keen price competition in the PRC garment accessories market.
- Pressure of increasing operating costs and cost reduction measures from customers.
- Trade protectionism and intensifying trade frictions between PRC and USA.
- Slowdown of economic growth in PRC.
- COVID-19 pandemic and potential public health incidents.
- Lack of long-term contracts with customers.
- Increases in raw material prices.
- Potential labor shortages or increasing labor costs.
- Intense competition in the PRC garment accessories industry.
- Potential loss of customers if they move factories from PRC.
Reach New Holdings Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Reach New Holdings Limited disclosed greenhouse gas emissions of 1.5K tCO2e/year. By scope: Scope 2: 1.5K 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
1.5K tCO2e/year
2023
Water Usage
13.5K tonnes/year
2023
Waste
552 tonnes/year (paper)
2023
Energy Use
1.8M kWh/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 1.5K 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 | 1.5K tCO2e/year |
| 2022 | 1.6K tCO2e/year |
| 2019 | 100 tCO2e/year |
| 2017 | 70.1 tCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Received FSC certification for products meeting chain-of-custody requirements.
- Achieved Oeko-Tex Standard 100 certification for woven labels and badges.
- Implemented energy-saving initiatives (e.g., deploying electrical machinery improvements, encouraging digital printing).
🌱 ESG Focus Areas
Environmental ProtectionEmployee Well-beingCorporate GovernanceSupply Chain ManagementCommunity InvestmentAnti-Corruption