OSL GROUP LIMITED OSL Group Limited
(formerly known as BC Technology Group Limited) (incorporated in the Cayman Islands with limited liability)
(Stock Code: 863)
2023
Environmental,
Social and
Governance
Report
Asia's Leading Digital Asset and Fintech Company
Parent of
THE TRUSTED
DIGITAL ASSET
PLATFORM
SaaS • Brokerage • Custody • Exchange
CONTENTS
Section | |
1. | About This Report |
Introduction | |
Reporting Period | |
Reporting Principles | |
Reporting Boundaries | |
Review and Approval | |
2. | Information and Feedback |
About OSL Group | |
3. | Chief Executive |
Officer's Statement |
4. Approach
- ESG Governance Structure
- ESG Strategy
- Stakeholders Engagement
- Materiality Assessment
- Materiality Matrix
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5. | Sustainable Carbon |
Management |
- Responding to Climate Change
- Emissions Management and Reducing Carbon Footprint
- Waste Management
- Use of Resources
- The Environmental and Natural Resources
- People-Centric
- Building Diversified Teams, Hiring and Retaining the Right People
- Learning and Development
- 'Speak-Up'Culture
- Well-EstablishedPerformance Management
- Promoting Diversity, Equity and Inclusion
- Promoting Employee Well-being
- Health and Workplace Safety
- Meeting the Challenges of COVID-19
- Effective Governance & Operational Excellence
- Corporate Governance
- Business Ethics & Integrity
- Anti-Briberyand Corruption
- Whistleblowing
- Anti-MoneyLaundering and Counter-Terrorist Financing
- Services Excellence
- Intellectual Property and Brand Management
- Effective Risk Management
- Risk Culture
- Business Continuity and Crisis Management
- Supply Chain Management
- Information Security, Customer Privacy Protection
- Cybersecurity
- Wallet Operations
- Vault Safety
- Community Investment
Appendix I: Sustainability Performance Data Overview
Environmental
Social
Legal Compliance
Appendix II: Hong Kong Stock Exchange ESG Reporting Guide
Content Index
Appendix III: GRI Content Index
Appendix IV: TCFD Content Index
Appendix V: SDGs Content Index
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2 | O S L | G R O U P L I M I T E D |
E S G | R E P O R T 2 0 2 3 |
1.
ABOUT
THIS
REPORT
Introduction
OSL Group Limited (Formerly known as BC Technology Group Limited) ("Company") and its subsidiaries (hereinafter referred to as "OSL Group", or the "Group") believe that sustainable business practices are integral to the creation of long-term value to society. The Group is committed to corporate citizenship and adding value to its stakeholders through the integration of Environmental, Social and Governance ("ESG") considerations in its business practices.
The Group is also committed to improving its ESG performance by upholding good corporate governance standards, adopting climate friendly practices, engaging its stakeholders and promoting diversity.
Reporting Period
This ESG Report (the "Report") provides an overview of OSL Group's sustainability performance for the period from 1 January 2023 to
31 December 2023 (the "Reporting Period", "2023"). The Reporting Period aligns with the Group's financial year.
Reporting Principles
OSL Group Limited is listed on the Main Board of the Stock Exchange of Hong Kong Limited ("HKEX") under the stock code "863". This is the eighth ESG report of the Group and it has been prepared in compliance with the "Environmental, Social and Governance Reporting Guide" set out in Appendix C2 of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong ("Listing Rules"), with reference to the Global Reporting Initiative ("GRI") Standards, Task Force on Climate-related Financial Disclosure ("TCFD") Recommendations, Sustainable Development Goals ("SDGs") and based on actual conditions of the Group. This is the third long-form ESG report published separately from the Group's Annual Report. For a comprehensive understanding of the Group's ESG performance, this Report should be read in conjunction with the Corporate Governance Report in the Group's 2023 Annual Report.
The Group has complied with the "comply or explain" provisions and adopted the four fundamental reporting principles of the HKEX's Environmental, Social and Governance Reporting Guide as follows:
Materiality
The content of this Report is determined through stakeholder engagement and materiality assessment. The Group engaged an external consultant to assess its materiality through stakeholder engagement. Key material ESG issues were identified and endorsed by the Group's ESG Committee, and approved by the board (the "Board") of directors (the "Directors").
Quantitative
The standards and methodologies used in the calculation of relevant data in this Report, as well as applicable assumptions are disclosed. Key performance indicators ("KPI(s)" ) were established, and are measurable and applicable to valid comparisons under appropriate conditions.
Balance
To provide a fair and unbiased picture of OSL Group's ESG performance, both the Group's achievements and areas for improvement are disclosed.
Consistency
OSL Group is consistent in its annual data collection and KPI calculation methodologies to ensure meaningful comparisons of its ESG data made over time.
The information contained herein is derived from official documents and statistics of the Group, as well as the combined control, management and operations information provided by the subsidiaries in accordance with the Group's internal management systems. Complete lists of indexes in compliance with the ESG Reporting Guide and with references to the GRI Standards, TCFD recommendations and SDGs are also available at the end of the Report for reference. This Report is prepared and published in both Chinese and English and is available on the Group website at https://group.osl.comand on the HKEX website at www.hkex.com.hk. In the event of contradiction or inconsistency between the Chinese version and the English version, the English version shall prevail.
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E S G R E P O R T 2 0 2 3 |
Reporting Boundaries
The Report covers all the Group's global operations over which we exercise full management control during the Reporting Period, including Hong Kong, Mainland China, Singapore, the United Kingdom (the "UK"), the Americas and Australia. The Group regularly reviews the scope of the Report to ensure that any significant impact on the Group's overall business portfolio is covered.
Review and Approval
The Board acknowledges its responsibility for ensuring the accuracy and completeness of this Report and to the best of their knowledge, this Report has addressed all relevant material issues and has fairly presented the ESG performance of the Group during the Reporting Period. The Board has reviewed and approved the content of the Report.
Information and Feedback
The Group is committed to maintaining a long-term relationship with our stakeholders and is actively engaged in addressing their concerns with timely follow-up actions. If you, as one of our stakeholders, have any questions on the content of the Report or comments on the Group's sustainability practices, please contact us via email at ir@osl.com.
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E S G | R E P O R T 2 0 2 3 |
2.
ABOUT
OSL GROUP
OSL Group is Asia's leading public fintech and digital asset company and is the parent company of the OSL digital asset and blockchain platform ("OSL"). OSL provides markets services including brokerage, exchange and custody ("Markets") and software-as-a-service ("SaaS") technology solutions, which deliver retail clients, institutional clients and professional investors access to the best-in- class digital asset platform, as well as the world's deepest liquidity pools. Our secure and insured hot and cold wallet infrastructure also ensures the safekeeping of digital assets with timely transaction settlements. OSL operates its digital asset platform business through its headquarters in Hong Kong and office in Singapore.
In December 2020, OSL Digital Securities Limited ("OSL DS"), a wholly owned subsidiary of the Group, became the first firm to receive a license from the Hong Kong Securities and Futures Commission ("SFC") to conduct type 1 (dealing in securities) and type 7 (automated trading service (ATS)) regulated activities related to digital assets. It is the world's first SFC-licensed, listed, digital asset wallet- insured and Big-4 audited digital asset platform for retail clients, institutional clients and professional investors. In July 2022, OSL DS became the first SFC-licensed digital asset broker to sell security tokens to professional investors with its private security token placement in Hong Kong. In September 2023, OSL Group achieved SOC 2 Type 2 certification on its Custody and Automated Trading Service (ATS) offerings.
The Group also has two Mainland China-based business segments: an advertising business that provides customised advertising and marketing services to customers in the automotive and other industries, and a business park management division that provides operations and management services for commercial property in the Jingwei Park in Shanghai. The advertising business ceased operations and completed its deregistration process in February 2023. The business park management division entered into an equity transfer agreement with an independent third party on 12 November 2023. Upon completion of the disposal process, it will cease to be a subsidiary of the Group in 2024.
To learn more about OSL Group, please refer to the G r o u p ' s 2 0 2 3 A n n u a l R e p o r t o r v i s i t https://group.osl.com.
Mission
Deliver best-in-class access to digital assets, setting the global standard for innovation, performance, security, and compliance
Vision
Lead the regulated, institutional evolution of the digital asset market
Value
- Be trustworthy and do the right thing
- Ownership and accountability
- Teamwork, collaboration and respect
- Relentlessly innovate for the clients
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3.
CHIEF EXECUTIVE
OFFICER'S
STATEMENT
In the spirit of stewardship and shared purpose, I pen this message with a profound sense of honor as I embrace the new role entrusted to me at the helm of OSL Group. The stewardship we collectively uphold as part of this esteemed institution is one I carry forward with great responsibility. As we navigate through a period marked by significant global challenges, opportunities, and a critical transition in leadership, our commitment to Environmental, Social, and Governance (ESG) principles remains unyielding.
Reflecting on the past year, I am mindful of the profound economic uncertainties that continue to shadow our industry's progress. Yet, it is within this complex backdrop that our Group's dedication to integrating sustainability into every facet of our strategic vision shines brightest. We stand undeterred in our quest to be pioneers for positive change, aligning our efforts with Hong Kong's ambition for carbon neutrality as a target that resonates with our own pledge.
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Our prior achievements, such as reaching a carbon neutrality status, lay the groundwork for the aspirations I now carry forward. As OSL Group progresses, we are enhancing our sustainability framework to encapsulate the full spectrum of ESG concerns pertinent to our operations. This strategic scaffolding is not only instrumental in guiding our talented workforce but also crucial in shaping the ethical contours of our corporate ethos.
Good governance is the linchpin of our ESG endeavors. I assure you that the Board and I are resolutely focused on the effectiveness of our strategies and transparent reporting. Our refined strategy, processes and procedures capture the essence of our approach to sustainability, considering diverse business aspects from HR to compliance, all calibrated to our non-financial metrics of success.
Our ESG Committee, representing a cross-section of our operational backbone, exemplifies our institutional commitment. This Committee's ongoing evaluations and advice are pivotal to the refinement of our sustainability strategy, ensuring our objectives are met with precision and integrity.
In tandem with the evolution of the regulated digital asset market, our Group is unwavering in its pledge to robust ESG programs. These initiatives are integral to the fabric of our corporate identity and pivotal in creating sustainable value for our communities and stakeholders alike.
As we stride forward, OSL Group's ESG commitments are not just about compliance but about embodying our core values in every endeavor. We aim to set a global precedent for ESG performance, and in doing so, fortify the trust you place in us.
In closing, I extend my heartfelt gratitude to our counterparts, shareholders, staff, and the Board. Your enduring support and collaboration are the cornerstone of our success. Together, we will champion the institutional adoption of digital assets while nurturing a sustainable legacy for generations to come.
Sincerely,
Patrick Pan
Chief Executive Officer
OSL Group
APPROACH
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Disclaimer
BC Technology Group Ltd. published this content on 29 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2024 10:42:06 UTC.
