We recognize the many risks posed by climate change, environmental degradation and resource scarcity to communities, businesses and economies worldwide. Therefore, we address climate risk and instill environmental resilience principles into our companies’ operations and supply chains. We consider these risks in the procurement and consumption of resources, in material sourcing and product manufacturing, and in the transportation of products to our customers. Our companies use robust systems to measureand report key environmental footprint metrics with the aim of increasing our resource efficiency and responsibly managing our footprint.
Here are a few examples of how we are building environmental resilience:
Since the launch of Fashion Pact in 2019, we are among the 56 signatories, including the world’s biggest fashion and textile companies, committed to improving sustainability standards in the fashion industry. The pact’s objective draws on the Science-Based Targets (SBT) initiative, and focuses on stopping global warming, restoring biodiversity and protecting the oceans to safeguard the planet.
BUSINESS ENVIRONMENT COUNCIL
As a signatory to the Business Environment Council (BEC) Low Carbon Charter, we contribute to the collective resolve towards Hong Kong’s decarbonization and the targets and strategies in support of the Climate Action Plan 2030+ of the HKSAR Government. Fung Group is a signatory to the Charter along with 34 other major companies in Hong Kong.
NIKE AND OCEAN CONSERVANCY’S ARCTIC SHIPPING PLEDGE
LF Logistics signed the pledge prohibiting shipping through the Arctic Ocean. By showing our support for this initiative, we aim to influence other key players to take urgent action to bring about change in the shipping industry and protect the Arctic ecosystem.
LEED CERTIFICATION FOR OUR SINGAPORE DC
World Gateway, one of LF Logistics Distribution Centers, is LEED Gold certified and received the Green Mark Platinum rating from the Building and Construction Authority of the Government of Singapore. This nine-story, 1,000,000 square foot, multi-temperature facility is Singapore’s largest, automated and customs-bonded warehouse. It consumes 30% less energy than the previoys facility, despite being four times larger.
CLEAN UP OUR WORLD GLOBAL CAMPAIGN
Each year, our colleagues come together to help make the world a better place through environmental initiatives in their communities. From tree planting to beach cleans, expert talks, film screenings and more, it’s all about raising awareness and sharing tips on how we can make a difference. We support Hong Kong-based EcoDrive’s #EnoughPlastic campaign to encourage us to change our habits and avoid single-use plastic.
GPS FLEET MONITORING SYSTEM
Convenience Retail Asia has introduced Global Positioning System (GPS) monitoring into its operations for better fleet and cold chain management. By providing the most efficient driving circuits, GPS enables the reduction of fuel use and greenhouse gas emissions. It has also strengthened the tracking of delivery trucks, which helps maintain optimal in-transit temperatures to ensure food safety and product quality.
ENERGY SENSOR PROGRAM
Li & Fung and Fung Academy partner to support factories in managing electricity consumption to drive efficiency. Following successful trials in India and China, the program is being expanded. The sensor package comprises electricity sensors, a web-based tool and mobile app. Data will be used to pinpoint how factories can use energy more efficiently. Pilot tests showed promising reductions in energy use, mostly through operational process changes.