Issue 44, May 2022

Analogue Launches Corporate Sustainability Strategy Framework in First Standalone ESG Report

安樂工程集團呈獻首份獨立環境、社會及管治報告 落實企業可持續發展策略框架

Since listing in 2019, Analogue Holdings Limited (1977.HK) has been committed to sharing with stakeholders our achievements in Environmental, Social and Governance (“ESG”). We are pleased to announce that we have recently introduced our first standalone ESG Report. It highlights our ESG initiatives in 2021 and unveils our first Corporate Sustainability Strategy Framework (“Framework”). Our intention is to take a more targeted and integrated approach to achieving sustainable growth and development in the years ahead.

As a pioneer in environmental engineering for more than four decades, Analogue has long been a staunch advocate of environmentally responsible practices. Both our ESG Report and the Framework reaffirm our dedication to sustainability.

Ir Dr Otto Poon, Chairman of Analogue Holdings Limited, said, “We are committed to conducting our business in an environmentally and socially responsible manner whilst intensifying our support to customers in their transition to sustainability. By integrating sustainability into the Group’s operations and business strategy, the Framework will create shared value and long-term benefits for our customers and other stakeholders in the community towards a smarter and more connected low-carbon future.”

The Framework is built on four pillars: decarbonising our operations; driving smart city development; co-creating a shared value chain; and advancing our people.

Decarbonising our operations covers resources optimisation, climate risk management, and reducing the carbon footprint of our Group’s operations. We are in progress of setting our carbon-reduction targets, which will be shared in due course.

Driving smart city development aims to improve quality of life and make our city smarter and more environmentally friendly. This entails the adoption of innovative applications to connect and improve people’s living environment, and the application of advanced technologies to optimise buildings and infrastructure, as well as enhancing water quality and sanitation. In this regard, we have been providing customised one-stop climate solutions to help clients reduce energy consumption and carbon emissions, in addition to adopting advanced technologies in water and wastewater treatment projects.

Co-creating a sustainable value chain aims to achieve customer satisfaction by adhering to sustainability principles and collaborating with stakeholders including subcontractors and suppliers. It also involves making a difference in the community through corporate social responsibility programmes and donations. In 2021, our average scores in customer satisfaction surveys landed between “good” and “excellent”, while the Group donated approximately HK$746,000 to various community support programmes.

Advancing our people means sustaining a people-centric workplace where we promote health and wellbeing, fostering a culture of continuous learning and innovation, and nurturing employees to help them adapt and succeed in a rapidly changing environment. In 2021, we launched our new ATAL Training Centre and increased total training hours by 66% on the previous year. Indeed, training is in the Group’s DNA. We have trained more than 1,000 graduate trainees and technicians over the years, ensuring a pipeline of engineering professionals for the Group and the industry as a whole.

The Group will regularly report on progress of these four pillars to ensure transparency, accountability, and continuous improvement.

Further underscoring our commitment to sustainability, we obtained our inaugural green loan instrument in 2021. This followed Analogue becoming the first electrical and mechanical (E&M) engineering group in Hong Kong to be awarded the Sustainable Finance Certification from the Construction Industry Council (CIC) and the Green Loan Pre-Issuance Stage Certificate under the Green and Sustainable Finance Certification Scheme by the Hong Kong Quality Assurance Agency (HKQAA).

The HK$300 million green loan, earmarked for enhancing water and wastewater treatment, is the start of our deployment of sustainable finance. We shall continue to make use of green finance instruments to fund innovative projects consistent with the Framework, with the strong conviction that this will have a positive impact on the environment, society and our business.

Analogue’s first standalone ESG Report highlights our ESG initiatives in 2021 and unveils our first Corporate Sustainability Strategy Framework