- Decline in the local consumer market
- Competition pressure from physical stores and Ecommerce platforms in Mainland
- Achieving the target of HK$12 billion in the overall GMV on order intake by 2026 is not an easy task.
- Cope with the competition pressure from physical stores and Ecommerce platforms in Mainland
- “Wet Market Express” services is currently operating at a loss
- Developing new business in the UK faces certain difficulties including insufficient management resources, work cultural differences, establishment of relationships with UK suppliers from scratch, and the time required to form an efficient work team.
Hong Kong Technology Venture Company Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Hong Kong Technology Venture Company Limited disclosed greenhouse gas emissions of 14.7K tCO2e/year. By scope: Scope 1: 4.6K tCO2e/year; Scope 2: 7.9K 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
14.7K tCO2e/year
2023
Water Usage
25.8K m3/year
2023
Waste
949.68 tons/year
2023
Energy Use
38.7M 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). | 4.6K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 7.9K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Increased the usage of reusable plastic containers for delivery to customers, resulting in reduction of single-use plastic bags usage
- Use environmental packaging materials for certain customer orders
- Launched formula milk can, clean carton and coffee capsules recycling schemes, in partnership with our suppliers
- Set up “Green Outlet” to sell products at discount that are nearly expired or with slight packaging damage to avoid wastage
- Promote “plastic reduction” by selling reusable eco-friendly aluminum bottles for customers to refill them with personal hygiene products
- Purchased our first electric truck with frozen compartment in late 2023
- Test run of delivery truck equipped with solar panels
- Use of energy efficient vehicles
- Issued revised packaging guideline to merchants to avoid over packaging
- Launched a “Plastic Reduction Store” Promotional Incentive Program to encourage merchants to reduce the use of plastic and adopt green material instead
🎯 Climate & Sustainability Targets
🔜 Short-term
- HK$8.7 billion to HK$9.1 billion Annual GMV on Order Intake by 2024
- HK$200.0 million to HK$260.0 million Annual GMV on order intake for Wet Market Express by 2024
- Expand the 8-hour express delivery to cover 120,000 product items by end of 2024
📅 Medium-term
- Achieving HK$12.0 billion GMV on order intake by 2026 (target may be delayed)
🌱 ESG Focus Areas
Waste ReductionEnergy Efficiency & Greenhouse Gas (“GHG”) Emissions ReductionClimate ChangeGovernance StructureSupply Chain Management