KINGKEY FINANCIAL INTERNATIONAL (HOLDINGS) LIMITED Kingkey Financial International (Holdings) Limited
(Incorporated in the Cayman Islands with limited liability) Stock code: 1468
ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT | 2023
ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT
About this Report
Report Overview
This Environmental, Social and Governance Report (the "Report") summarises the environmental, social and governance ("ESG") initiatives, plans and performances of Kingkey Financial International (Holdings) Limited (the "Company"), together with its subsidiaries (the "Group" or "We"), and demonstrates its commitment to sustainable development.
Reporting Period
This Report describes the ESG activities, challenges and measures taken by the Group during the year ended 31 March 2023 (the "Reporting Period" or "2023").
Reporting Scope
This Report focuses principally on the Group's ESG performance within the Hong Kong offices and Denmark offices of the Group, which is a major operating revenue activity controlled directly by our management. It includes (i) the provision of securities trading, insurance brokerage, assets management and money lending, (ii) fur business, (iii) membership and event business, (iv) insurance technology business and (v) network and licensing business.
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Reporting Framework
This Report has been prepared in compliance with all the applicable provisions as set out in the Environmental, Social and Governance Reporting Guide (the "ESG Reporting Guide") under the Appendix 27 of the Main Board Listing Rules. During the preparation for this Report, the Group has applied the reporting principles stipulated in the ESG Reporting Guide as the following:
Materiality | The materiality assessment was conducted to identify material issues during the Reporting |
Period, thereby adopting the confirmed material issues as the focus for the preparation | |
of the ESG Report. The materiality of issues was reviewed and confirmed by the ESG | |
Taskforce. Please refer to the sections headed "Stakeholder Engagement" and "Materiality | |
Assessment" for further details. | |
Quantitative | Supplementary notes have been added along with quantitative data disclosed in this |
Report to explain any standards, methodologies, and sources of conversion factors used | |
during the calculation of emissions and energy consumption. | |
Consistency | The preparation approach of this ESG Report was substantially consistent with the |
previous year, and explanations were provided regarding data with changes in the scope | |
of disclosure and calculation methodologies. | |
Balance | The information provided in this Report was presented in an objective and impartial |
manner, which provided stakeholders with an unbiased view of how the group performed | |
in terms of its ESG activities. | |
Contact Us
We value the feedback and comment from our stakeholders in developing our sustainability strategy. You are welcome to provide your opinion and suggestions on this Report or our sustainability performance at admin@kkgroup.com.hk
Forward-Looking Statements
This Report contains forward-looking statements which are based on the current expectations, estimates, projections, beliefs, and assumptions of the Group about the businesses and the markets in which it and its subsidiaries operate. These forward-looking statements are not guarantees of future performance and are subject to market risks, uncertainties, and factors beyond the control of the Group. Therefore, actual outcomes and returns may differ from the assumptions made and the statements contained in this Report.
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ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT
Our ESG Governance Structure
Board of Directors
• Evaluate ESG-related risks and opportunities
- Formulate ESG management approaches, strategies, priorities and goals
- Review the disclosures in the ESG Report
- Oversee all ESG issues
ESG Taskforce
- Oversee the development of ESG-related strategies, goals, policies and practices
- Identify the Group's ESG-related issues and risks
- Flag emerging ESG-related risks and opportunities
- Implement sustainability policies, procedure and initiatives
- Collect ESG information and data for ESG disclosures
Board Statement
The board of directors of the Company (the "Board") holds the ultimate responsibility for monitoring the Group's ESG issues, including ESG management approaches, strategies, and policies. To better manage the Group's ESG performance and identify potential risks, the Board conducts materiality assessment with the assistance of the ESG Taskforce to draw up, prioritise and manage material ESG-related issues with reference to the opinions of our stakeholders. The Board sets up a general direction for the Group's ESG strategies to ensure effective control of ESG risks and internal control mechanisms. The Board approved the Report after it was compiled by the ESG Taskforce.
ESG Taskforce
The Group has established an ESG Taskforce that comprises core members from different departments. This ESG Taskforce is responsible for systematically managing ESG issues. The designated personnel are responsible for collecting relevant information on ESG aspects for the preparation of the ESG Report. It periodically reports to the Board, assists in identifying and assessing the Group's ESG risks, and evaluates the implementation and effectiveness of the internal control mechanism, taking into account the Group's business. Additionally, it evaluates the performance of the company in terms of ESG targets and goals, such as the environmental impact, labour practices, and other ESG issues.
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Stakeholder Engagement
Stakeholders and their feedback are important to the Group's business and ESG activities. Through multiple communication channels, we worked closely with key stakeholders to fully understand and resolve their core concerns, including investors and shareholders, customers, suppliers, employees, government and regulatory bodies, the community, and the media. ESG strategies will incorporate stakeholder expectations as a driving force for sustainable corporate development and optimal management. Stakeholders' expectations and communication channels are as follows:
Major | ||||
Stakeholders | Engagement Channels | Expectations | ||
Investors and | • | Annual General Meeting | • | Compliant Operation |
Shareholders | • | Financial Statements | • | Risk Management |
• | Announcements and Circulars | • | Financial Performance | |
• | Extraordinary General Meetings | • | Corporate Governance | |
Customers | • | Company Website | • | Quality Service |
• Corporate Reports and Announcements | • | Business Ethics | ||
• | Hotline and Emails | • | Privacy Protection | |
• | Social Media Platforms | • | Seamless Communication | |
Suppliers | • | Supplier Meetings and Interviews | • | Contract Performance |
• | Periodic Assessment | • | Business Ethics | |
• | Open Tendering | • | Win-win Cooperation | |
• | Regular Meetings | • | Information Resources Sharing | |
• | Circulars and Manuals | • | Long-term Partnership | |
• | Company Website | |||
Employees | • | Employee Communication Channels | • | Health and Safety |
• | Regular Meetings | • | Equal Opportunities | |
• | Performance Appraisal | • | Welfare and Benefits | |
• | Employee Activities | • | Career Development | |
• | Internal Training | • Legal Rights and Interests | ||
Government/ | • | Corporate Reports and Announcements | • | Taxation Compliance |
Regulatory | • | On-site Inspections | • | Employment Growth |
Bodies | • | Field Trips | • | Regulatory Compliance |
• | Tax Payments | • | Business Ethics | |
Community and | • | Community Involvement | • | Community Contributions |
the Media | • | Community Investment Programs | • | Environmental Protection |
• | News Media | • | Transparent Information |
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Disclaimer
Kingkey Financial International Holdings Ltd. published this content on 21 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2023 09:26:21 UTC.
