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CarbonCare® Label

Carbon Management

 

CarbonCare® Label encourage and recognize the efforts of companies and organisations in their action to tackle climate change and achieve carbon reduction/neutrality status by Measuring, Reducing and Offsetting (MRO) their carbon footprints.

There are six CarbonCare® Labels representing different levels of achievement in carbon reduction/neutrality, indicated with green labels in one, two, three, four and five leaf(s) respectively, recognizing the achievement of 5% (starting point), 20%, 40%, 60%, and 80% of emission reductions in the application year against a defined base year.A gold CarbonCare® Champion Label indicates the achievement of carbon neutrality.

Eligibility Criteria:

All organisations including listed companies, private companies, public bodies, social enterprises and NGOs are eligible to apply.

The entity must establish its emission baseline and emission inventory. Reduction and offset performance is validated and verified in accordance with a specific protocol based on international best practice before measurement.

CarbonCare® Star Label
Special Recongnition

Eligibility Criteria

For committed achievers who have managed to attain the CarbonCare® Label or the CarbonCare® Champion Label continuously for three (or more) year in a row (including 2021), an additional CarbonCare® Star Label will be awarded as a special recognition.

CarbonCare® ESG Label

Best Practice in ESG Reporting

 

Ever since the Hong Kong Exchanges and Clearing Limited (HKEX) has raised ESG Reporting to “Comply or Explain” level from January 2016, investors' expectations on the extent of disclosure have been increasing. New amendments to the ESG Reporting Guide by the HKEX have officially become effective on 1 July 2020, which sets elevated requirements and expectations on the sustainability playing field. The CarbonCare® ESG Label 2021 is consistently upgraded to reflect the latest international trends, regulatory requirements and community aspirations. It is designed to give special recognition to best performers in ESG reporting in four important areas: company board accountability, materiality assessment, disclosure of social KPIs, and corporate climate actions.

Eligibility Criteria:

The applicant's current ESG report has
1. followed the ‘comply or explain’ provisions of the HKEX ESG Guide on general disclosures and environmental KPIs; and

2. disclosed at least one of the following four areas:
a. governance structure with Board accountability on ESG-related issues in the Company; or
b. materiality assessment through dedicated stakeholder engagement process(es); or
c. KPIs in at least 5 out of the 8 Social Aspects (B1 – B8) in the ESG Guide; or
d. climate-related policies and risk-mitigation actions.

3. Four levels of recognition will be awarded, dependent on the applicant’s achievements in one, two, three or four areas in (2) above.

CarbonCare® Circular Label

Circularity Economy

 

The new CarbonCare® Circularity Label introduced in 2020 aims to provide a framework for public and private organisations keen to adopt Circular Economy initiatives in operation. Starting with paper products for the pilot phase, the Label will quantitatively measure the recycling performance of the applicants. The CarbonCare® Circularity Label is organisation-based, following the footsteps of the Ellen MacArthur Foundation.

This label encourages achievement of circularity through concrete actions including:
Design out waste and pollution through increasing the recycling of recyclable used paper products;
Keep products and materials in use through creating an end market for recycled paper products and supporting the improvement of the local infrastructure for recycling;
Regenerate natural systems through reducing virgin paper use of unrecyclable paper products.

Eligibility Criteria:

All organisations including listed companies, private companies, public bodies, social enterprises and NGOs are eligible to apply.

The applicant must have conducted an independent waste audit at least once every three years, or a waste snapshot survey at least once within the past year.

The applicant must have a record of all its purchased paper products within the past year.

Having achieved a minimum percentage of recycled paper and recycling rate considering all purchased paper products.

Should you have further enquiries regarding application or
renewal procedures, please contact us:
Email: ccl@ccinnolab.org |  Tel (+852) 35682244