Steed Oriental (Holdings) Company Limited released its tenth Environmental, Social and Governance (ESG) report covering the period from 1 April 2025 to 31 March 2026, detailing marked progress in environmental performance, strengthened governance and stable human-capital metrics.
Environmental Performance
• Greenhouse-gas emissions (Scope 1 + Scope 2) fell 74.62 % year on year to 24.92 tonnes of CO₂-equivalent, driven mainly by the cessation of diesel-forklift use and lower electricity consumption following the divestment of subsidiary Hebei Youlin Technology in February 2025. Emissions intensity improved to 1.86 tonnes CO₂-e per HKD 1 million in revenue (FY2024/25: 4.62 tonnes).
• Electricity usage decreased 74.40 % to 42.99 MWh, cutting energy-intensity to 3.22 MWh per HKD 1 million in revenue. Diesel consumption has been eliminated.
• Non-hazardous solid-waste generation declined 54.17 % to 0.22 tonnes, while waste intensity remained stable at 0.02 tonnes per HKD 1 million in revenue. Hazardous waste remained immaterial.
• Water usage was contained at 20 m³, down 44.44 % from the prior year; no water-scarcity issues were reported.
• Upgrades from wood-fired to natural-gas boilers, installation of precipitators and adoption of LED lighting underpin ongoing energy-efficiency and emission-control initiatives.
Workforce and Safety
• Headcount stood unchanged at 14 employees, 57 % male and 43 % female. Staff aged 40–49 made up the largest cohort (43 %).
• Employee turnover rate was 33 %, entirely among male staff in Mainland China; no female or Hong Kong employee left during the period.
• Zero work-related fatalities were recorded in FY2025/26 (one fatality in FY2023/24 prior to the subsidiary disposal). Work-related injuries and lost days were nil.
• Sixty-four percent of employees received training, averaging 16.36 hours per person; female staff logged 18 hours on average versus 15 hours for males.
Governance and Compliance
• No material breaches of environmental, labour, product responsibility or anti-corruption regulations were identified.
• Eight suppliers, all based in Mainland China, were subject to assessment under ISO 9001-aligned protocols; environmental and social risk reviews covered two major suppliers during the year.
• The board retained full oversight of ESG strategy, meeting regularly to assess risks and progress against targets.
• A whistle-blowing mechanism and periodic anti-corruption training support the company’s “zero-tolerance” policy; no corruption cases were reported or prosecuted.
Community Engagement
• Steed Oriental continued local hiring at its Ningjin manufacturing base and participated in charity activities led by community and trade-union organisations, reaffirming its commitment to social responsibility.
The report follows HKEX ESG Reporting Code requirements and is available in Chinese and English on the HKEX and company websites.