Upholding the zero-Covid strategy, the Chinese government implemented another round of lockdown of major cities in early 2022. With restricted mobility, companies have been facing challenges in retrieving data for the annual ESG Reporting. To facilitate the affected companies to fulfil their ESG disclosure obligations, GreenCo has proposed a model of reasonable assumptions for one of the most renowned listed bakery companies in China, to facilitate the calculation of environmental data and maximize its compliance with the reporting principles.

We have taken into account the two major factors, namely the number of employees and the production volume, which are highly correlated to the company’s environmental performance. We have categorized the environmental KPIs on a basis of production-related variants and labor-related variants to calculate the environmental data. In such a way, the company can report its environmental performance with a higher reliability and promote a relatively fair comparison on the environmental performance over the years.

About GreenCo

GreenCo is a professional ESG advisory firm accredited with ISO 9001 in ESG Reporting and Climate Policy Advisory Services. We are members of sustainability associations such as GRI Community and Business Environment Council for years, and our professional consulting group is committed to designing and producing tailor-made ESG advisory services.

GreenCo has a professional team consists of talents with multiple backgrounds including ESG investment, environmental management, environmental chemistry, earth system science and environmental impact assessment. We have been investing abundant amount of resources in establishing digitalized ESG solutions, developing ESG data base as well as setting up our internal quality management system thereby showing our commitment in striving for continuous improvement. GreenCo has solid track record in ESG advisory for over 60 listed companies in Hong Kong, Mainland China, Singapore and Korea, covering all industries under the Hang Seng Industry Classification System.