- Non-recurrent nature of HVAC E&M engineering projects; failure to secure tender contracts would affect operations and financial results.
- Error or inaccurate estimation of project execution timeframe and/or project duration and/or costs.
- Reliance on major customers.
- Fluctuations in revenue and profit margin.
- Strategy to undertake more projects as first-tier HVAC E&M subcontractor and diversify the customer base could lead to lower gross and net profit margin.
- Inability to bill and receive the full amount due from customers for contract work due to disputes.
- Economic volatility in Hong Kong and globally.
- Quiet real estate transactions and weak property market.
- Labor shortages and building material costs inflation.
- Contractor liquidation impacting receivables (approx. HK$1,590,000).
Man Shun Group (Holdings) Limited / 萬順集團（控股）有限公司
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Man Shun Group (Holdings) Limited / 萬順集團（控股）有限公司 disclosed greenhouse gas emissions of 41.84 tonnes CO2e (2022: 57.75 tonnes CO2e). By scope: Scope 1: 30.69 tonnes CO2e (2022: 45.58 tonnes CO2e); Scope 2: 11.15 tonnes CO2e (2022: 12.17 tonnes CO2e). 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
41.84 tonnes CO2e (2022: 57.75 tonnes CO2e)
2023
Water Usage
3.66 m3 (2022: 2.00 m3)
2023
Waste
0.75 tons paper (2022: 1.41 tons); 6.91 tons packaging (2022: 2.27 tons)
2023
Energy Use
141.9K kWh (2022: 202421.85 kWh)
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). | 30.69 tonnes CO2e (2022: 45.58 tonnes CO2e) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 11.15 tonnes CO2e (2022: 12.17 tonnes CO2e) |
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 | 41.84 tonnes CO2e (2022: 57.75 tonnes CO2e) |
| 2018 | 75.4K kg CO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced the intensity of air pollutants emissions by 32% in 2023 compared to 2022.
- Reduced the intensity of GHG emissions by 40% in 2023 compared to 2022.
- Reduced the intensity of waste production by 56% in 2023 compared to 2022.
- Adopted LED lighting in some offices.
- 100% of recyclable waste is recycled.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce air pollutant emission, GHG emission, and waste production by 10% by 2027.
📅 Medium-term
- Reduce energy consumption and water consumption by 10% by 2027.
🌱 ESG Focus Areas
EmissionsUse of ResourcesThe Environment and Natural ResourcesClimate ChangeEmploymentHealth and SafetyDevelopment and TrainingLabour StandardsSupply Chain ManagementProduct ResponsibilityAnti-CorruptionCommunity Investment