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DOOPRIME: Doo Group Releases Environment, Social, And Governance Report 2022 To Explore Corporate Values
Source:https://www.dooprimenews.com/company-news/doo-group-releases-environment-social-and-governance-report-2022-to-explore-corporate-values | Author:finance-102 | Date2022-12-26 | 395 Views | Share:
On 23 December 2022, Doo Group has officially released its first Environmental, Social and Governance (ESG) Report (hereinafter referred to as ESG Report), which aims to fully demonstrate the effectiveness of the Group’s ESG practices from multiple dimensions. In addition, to promote the sustainable development of the company, the industry and the society.

On 23 December 2022, Doo Group has officially released its first Environmental, Social and Governance (ESG) Report (hereinafter referred to as ESG Report), which aims to fully demonstrate the effectiveness of the Group’s ESG practices from multiple dimensions. In addition, to promote the sustainable development of the company, the industry and the society.  

Practicing ESG Theory To Explore Long-Term Corporate Values 

ESG is an acronym for Environmental, Social and Governance. It is a valuable concept, where investment strategy and corporate evaluation standards are focusing on environmental, social and corporate governance performance rather than just financial performance. Driven by the ESG concept, companies will uphold higher operational standards, and strive to create social values while achieving business value, in order to promote the sustainable development of social economy.  

Nowadays, many countries or regions have enacted relevant laws and regulations requiring ESG disclosure by companies. More and more large scale and listed companies are actively practicing ESG and disclosing related information for compliance and capital market considerations.  

Last year, we’ve conducted a comprehensive summary on the group’s corporate social work achievements through a Corporate Social Responsibility (CSR) Report. This year, we will present more dimensions of the Group’s development through ESG reporting, as well as discovering Doo Group’s long-term values as an industry-leading financial services group. From CSR to ESG, Doo Group’s sustainability strategy continues to evolve. 

Environmental – Promoting Green Office Concepts For Environmental Protection 

During the 51st World Environment Day on 5th June this year, UN Secretary-General Guterres said, “Businesses need to put sustainability at the heart of their decision-making for the sake of humanity and their own bottom line. A healthy planet is the backbone of nearly every industry on Earth.” We strongly agree with this and have actively integrated the concept of sustainability into the daily operations of the group.   

In 2021, Doo Group has signed several global conventions related to environmental protection, including the Energy Saving Charter and the 4T Charter by the Environment and Ecology Bureau, the Carbon Reduction Charter by the Hong Kong Environmental Protection Department, and the Food Wise Charter by the Food Wise Hong Kong Steering Committee. According to these environmental protection frameworks, we take energy and water efficiency, low-carbon living, and climate risk into account in the construction of office environments. We are committed to creating green workplaces and improving the overall efficiency of office resources and energy use. 

– Green Office 

Doo Group has offices in more than 10 cities worldwide. We encourage employees in each region to utilise office resources wisely according to local climate conditions and office habits- taking the initiative to turn off air-conditioners, lights and other office equipment upon leaving the workplaces and conference rooms to reduce unnecessary consumption of electricity and water. As for discarded electronic office equipment and hazardous waste; third-party sources with recycling qualifications are engaged for a proper disposal.  

With a perfect online office model, Doo Group’s global offices are able to achieve cross-regional collaborations through online communication, online meetings, electronic approval and paperless office. This model not only greatly reduces the consumption of physical resources such as paper, but also the carbon footprint from business travel.  

– Climate Risk 

In addition to the reduction of emissions and energy consumption in the office environment, we are also paying close attention to the impact of climate change, as well as enhancing the platform’s ability to respond to climate change. We have incorporated climate change risks into the company’s risk management system. On top of that, we have also established a preliminary climate risk governance structure, developing a practical and operational climate strategy that fully considers information on climate-related risks and opportunities.  

In our daily operations, we update and adjust the risk list in a timely manner based on the external environment as well as our own development needs. This helps us to comfortably deal with possible adverse factors brought about by climate change comfortably, as well as improving our enterprise risk management and robust operations management. In addition, monsoons may cause indirect losses to business operations through key links in the value chain. When facing with extreme weather conditions such as typhoons and rainstorms, we will promptly synchronize exchange information from various regions to remind clients to adjust their trading arrangements, and arrange staff shifts accordingly to strengthen the risk monitoring of respective platforms and data centers. 

Social – Empowering The Future Of Education  

As an innovative financial technology group, we deeply felt the impact of advanced knowledge and technology on social development, and good education is the main way to acquire knowledge. But when global crisis strikes, education systems are often severely affected in terms of equality in accessing education, especially for children in fringe areas.  

According to The State of Global Education Crisis 2022 conducted by UNESCO, the COVID-19 crisis has brought education systems around the world to a standstill with school closures affecting more than 1.6 billion students. As opposed to high-income countries, school closures typically last longer in low and middle-income countries.  

Children are our greatest treasure, hope and the future. and a good education is fundamental to their development and growth. Therefore, Doo Group has always been paying attention to education and development. “Technology gives a great impact in every aspect of our lives. We believe that technology can help to provide a better solution in regard to the education systems in marginalized regions. We also believe that everyone should play their part in children’s charity and public welfare undertakings,” says Regional Director for Asia-Pacific of Doo Group, Marc Grand.

– UNICEF HK “Schools for Asia” Initiative 

In April, Doo Group partnered with UNICEF HK to support the “Schools for Asia” initiative. The program aims to provide unprivileged children in 11 Asian countries with access to a quality educational environments. Currently, it has already helped more than 48 million children to continue learning.  

With the support of “Schools for Asia”, children from remote areas in Vietnam are able to experience high quality education by way of augmented reality and virtual reality. Apart from that, nearly 180,000 children in Bhutan are able to continue learning remotely through “The Learning Passport”, an online education platform launched by UNICEF. 

Education empowers people with the knowledge, skills and values they need to build a better world. Doo Group is fully committed to supporting UNICEF in promoting inclusive education for children. 

– “Charity Star” Fundraising Program 

Doo Group’s affiliate, Doo Prime has officially set up a “Charity Star” fundraising program. From January 1st, 2021 onwards, for every standard lot traded by Doo Prime traders in Thailand, Doo Prime has pledged to donate USD0.01 to the cause. The money will be used to fund children’s charities to improve the educational environment for children in need. Thus far, we’ve donated more than 81,000 USD to SOS Children’s Villages in Thailand and primary schools in Yunnan province, China, through the “Charity Star” fundraising program.  

– SOS Children’s Villages Thailand

In 2021, Doo Group’s affiliate, Doo Prime has established a philanthropic partnership with SOS Children’s Villages to provide a family-like environment for children who have lost parental care. The ultimate goal of SOS Children’s Villages Thailand is to build a home filled with love and warmth for the children whilst helping them to integrate into society. To date, we have donated approximately 13,000 USD to SOS Children’s Villages Thailand, and it is worth mentioning that part of this donation comes from the Doo Prime “Charity Star” fundraising program.

– Primary Schools in Yunnan Province, China 

In July, Doo Group’s affiliate, Doo Prime, once gain provided support to Yunfeng Primary School in Shahe Township, Yunnan Province, China, by donating 1 business printer and 500 new school bags to provide better learning conditions for the children.  

As early as 2019, Doo Prime has become the counterpart of Yunfeng Primary School in Shahe Township through its “Walking with Love. Guan Ai Primary School” programme. As the school is located in the mountainous region, it has been facing problems including lack of teaching equipment, obsolete classrooms and shortage of learning materials. With the dedication to improve the teaching environment for teachers and students, we have started to donate several batches of teaching materials to the school since 2019.    

– Doo Bursary 

With the aim of providing financial support to students in need, Doo Group established Doo Bursary with King’s College London in 2021. Scholarships under Doo Bursary are constantly being granted to students to allow them to further excel in their studies and unlock their true potential despite financial limitations. Successful applicants for the Doo Bursary will receive a total grant of £10,000 per year for 3 years to cover their study and living expenses. Thus far, dozens of students have already received a Doo Bursary and have provided positive feedback on the grant. 

– DooTrader Charity Cup Global Trading Competition 

In September this year, the S3 #DooTrader Charity Cup Global Trading Competition, organized by Doo Group’s affiliate, Doo Prime, has officially started. #DooTrader’s philanthropy  remains the same. This year, Doo Prime donated 10 times more than the regularly donated amount – which amounts to USD0.1 – for every lot traded by each participant. This global event aims to provide educational opportunities for children in marginalised areas so that they are able to embrace a brighter future. At its current state, the #DooTrader Charity Cup Global Trading Competition has accumulated around 35,000 USD in donations. 

Governance – Shoulder its Responsibility To Protect The Rights And Interests Of Employees And Clients 

Employee Rights And Interests 

Caring for employees is a fundamental to businesses sustainability. Upholding the core concept of being “people-oriented”, Doo Group has always respected and protected the rights and interests of its employees. We aspire to build a platform for our employees to grow rapidly, in order to create an equal, open, inclusive, healthy, and progressive team atmosphere. 

– Diversity and Inclusion 

Doo Group has signed the Women’s Empowerment Principles by the United Nations and the Racial Diversity and Inclusion Charter for Employers by the Equal Opportunities Commission. We are committed  in building an equal and inclusive work environment; firmly opposing gender discrimination, disability discrimination, discrimination in family positions, racial discrimination, and discrimination in religious beliefs, etc., actively fostering a diverse and inclusive corporate culture and promoting friendly communication among employees of different nationalities and cultural backgrounds. 

We have always been committed to the principle of fairness and equity in recruiting talent worldwide. Currently, Doo Group has more than 550 employees in more than 10 offices across the world, with a ratio of 1.18:1 men to women and 2.29:1 men to women in our leadership team. 

– Welfare And Talent Training

To reward employees for their hard work, Doo Group offers a wide range of employee benefits and care. For instance, we provide holiday gift packages for employees on major festivals, organize regular team activities, as well as provide a comprehensive protection material support for employees during special times of epidemics to enhance the employees’ sense of belonging. 

In addition, Doo Group has established a comprehensive staff training system, including new employee orientation and professional training, to help employees in improving their professional abilities. 

Clients Rights And Interests 

As a financial company, we deeply understand that it is our core responsibility to ensure that our clients’ assets and rights are treated fairly and equitably. Doo Group’s entities hold several professional licenses and are regulated by international regulators to ensure a safe and stable trading environment and services for our clients. 

– Purchase PII 

Under strict regulations, we always pursue high standards of industry practices and are committed to provide  comprehensive trading security for traders and professional clients. 

In April, Doo Group’s affiliate, Doo Prime, continued its partnership with Mauritius Union Insurance (MUA) to renew the Professional Indemnity Insurance (PII) for its entity, ensuring the company’s compliance with the latest insurance policies and regulations. 

In September, Doo Financial Australia Limited, a brand of Doo Group, has successfully purchased Professional Indemnity Insurance (PII) from Lloyd’s of London for its principal underwriters, fulfilling its obligations as an Australian Financial Services License (AFSL) licensee.

– 24-hour Professional Support  

With over 550 industry professionals, Doo Group provides top-notch support services to our global clients 24/7, 365 days a year, to solve their problems in a timely manner. 

By actively practicing ESG and assuming the important responsibility of the company with this system,, Doo Group will continue to focus on the connection between the group itself and its employees, clients, society, and natural environment. We will coordinate and cooperate with all stakeholders to achieve the transformation of corporate interests to social interests, as well as the transformation of short-term gains to long-term values. We sincerely invite you to witness our growth in the upcoming year!