Sustainability & ESG Report 2025
Our annual disclosure on environment, social and governance performance
01 CEO Letter
2025 was the year we moved from intention to architecture on sustainability. We commissioned the engineering work that will electrify our compounding lines, signed our first PPA for renewable electricity in Hong Kong, and introduced twelve bio-derived alternatives across our cosmetic-grade portfolio. The path to net-zero by 2035 is now visible — and costed. — Office of the Chief Executive
02 Material Topics
Following stakeholder consultation in Q4 2025 (n=68 customers, suppliers and employees), four topics were identified as material to our business and our value chain:
| Topic | Why material | Our 2030 target |
|---|---|---|
| Climate & Energy | Largest direct environmental impact | −50% Scope 1+2 vs 2025 |
| Process Water | Hong Kong is water-scarce | ≥ 90% recovery in emulsion line |
| Bio-based Feedstock | Decarbonising silicone chemistry | 30% of portfolio by mass |
| Worker Health & Safety | Foundational to manufacturing | Zero LTI; 100% PPE compliance |
03 Environmental Performance
| KPI | 2024 baseline | 2025 actual | 2030 target |
|---|---|---|---|
| Scope 1 emissions | 2,140 tCO₂e | 2,070 tCO₂e | 1,070 tCO₂e |
| Scope 2 emissions (location) | 4,320 tCO₂e | 3,950 tCO₂e | 1,200 tCO₂e |
| Renewable electricity | 0% | 14% | 100% (by 2027) |
| Process water recovery | 62% | 78% | ≥ 90% |
| Hazardous waste / MT product | 14.2 kg | 11.8 kg | < 6 kg |
| Bio-derived grades launched | 4 | 12 | 30+ grades |
All figures third-party verified by SGS Hong Kong per ISO 14064-1.
04 Social Performance
Workforce: 142 employees (HK 118, Shanghai 24). 41% women; 28% in technical roles. Zero lost-time incidents in 2025 (1.2 million working hours).
Training: 36 hours average per employee. New cohort of 8 chemistry graduate trainees.
Community: HKD 280k contribution to STEM education partnerships with HK Polytechnic University & HKU Faculty of Science.
05 Governance
Independent ESG audit conducted by EcoVadis (rating: Silver, score 64/100). Modern Slavery Statement published per UK MSA 2015 and AU MSA 2018. Code of Conduct adopted by 100% of tier-1 suppliers covering 92% of spend.
06 Assurance & Frameworks
This report is prepared with reference to GRI Universal Standards 2021 and the SASB Chemicals Sector standard. GHG inventory verified per ISO 14064-1 by SGS HK. Limited assurance obtained on Scope 1, 2 and process water KPIs.