2024
Environmental, Social and
Governance Report
環境、社會及
管治報告
Contents
2 | PAX 2024 Sustainability Highlights | 6 | Major Awards, Recognitions and | 19 | Shape an Innovative Future | 58 Significant Laws and Regulations |
3 | Promoting Sustainable Products | Certifications | 31 | Curate a People-Centric Workplace | 59 Environmental, Social and | |
7 | ||||||
4 | About the Report | About the Group | 40 | Build Climate Resilient | Governance Reporting Index | |
11 | ||||||
Sustainability | Eco-Operations | |||||
Management Approach | 55 Embrace Our Local Community | |||||
16 | Sustainability Opportunity | |||||
and Risk Management |
PAX GLOBAL TECHNOLOGY LIMITED
Environmental, Social and Governance Report 2024
PAX GLOBAL TECHNOLOGY LIMITED Environmental, Social and Governance Report 2024
PAX 2024 Sustainability Highlights
2
PAX 2024
Sustainability
Highlights
Shape an Innovative Future
Advancing Technology and Driving Continuous Innovation
100% | 100% |
Acquisition of | Acquisition of |
ISO 9001:2015 | ISO/IEC 27001:2022 |
Quality Management | Information Security |
System Certification | Management System |
Certification | |
100% | 90% |
Acquisition of | Providers Signed |
ISO/IEC 20000-1: | Declaration of |
2018 IT Service | Non-Use of |
Management | Conflict Minerals1 |
System Certification | |
900+ | 730+ |
Patents | Software copyright |
certifications |
1,900+
Valid product certification certificates
Curate a People | Build Climate Resilient | Embrace our |
Centric Workplace | Eco-Operations | Local Community |
Caring for Employees to Build | Accelerating Decarbonization | Enriching Communities through |
a Diverse and Inclusive Workplace | for a Greener Future | Nurture and Care |
100% | 100% | 3 |
Director ESG Training Coverage | Acquisition of ISO 14001:2015 | Key areas of community projects |
Environmental Management System Certification | ||
100% | 67% | HKD200,000 |
ESG training coverage for employees | Total GHG emission (Scope 1 and 2) intensity2 | Total charitable donations |
100% | 84% | |
ISO 45001:2018 Occupational Health and | Total water consumption intensity2 | |
Safety Management System Certification | ||
2:1 | 68% | |
Ratio of male to female staff | Total energy consumption intensity2 |
1
2
Supplier of materials containing tin, tantalum, tungsten, gold (collectively referred to as "3TG") and cobalt. As compared to the year 2023. For more information, please refer to the "Environmental Footprint" section.
PAX GLOBAL TECHNOLOGY LIMITED Environmental, Social and Governance Report 2024
Promoting
Sustainable
Products
A920MAX
We are committed to integrating customer-centric values and sustainability principles into our product and service innovation, and introducing a series of high-performance, high-security and high-quality products to satisfy needs of diverse clients. Among which, our Android smart payment solution A920MAX not only retains these core features, but also integrates consideration for the product chemical safety and sustainability. Additionally, the design aesthetics and product performance have been further enhanced. For details, please refer to the "Emphasis on Eco-Product Design" section.
Design for safety and security
First Asian payment terminal provider elected to the Payment Card Industry Security Standards Council ("PCI SSC") Advisory Board
ISO/IEC 27001:2022 Information Security Management System Certification
100 | % | " | " |
of the Software as Services ( SaaS ) and POS products are compliant with Payment Card |
Industry Data Security Standard ("PCI DSS") and PCI SSC's standards
High quality and durability
ISO 9001:2015 Quality Management System Certification | |
95%+ | Customer Satisfaction Rate (2024) |
Accessibility Functions
Accessibility Mode
With read-aloud function
Haptic Stickers
Assist the visually impaired with password entry
Promoting Sustainable Products | 3 | |
More environmental friendly, more durable and more efficient*
Environmentally friendly lithium-iron phosphate battery Apply clean technology to the product: a longer lifespan than conventional ternary batteries
Faster Processor
Equipped with Cortex-A53 quadcore processor for lower power consumption
eSIM Technology
Reducing plastic waste & electronic waste
Higher Energy Efficiency
Higher energy efficiency, batteries can support 10% more transactions
Compatibility with e-receipt Solutions
Reduce the use of paper
Electronic Product Manuals
Paper conservation & reduced carbon footprint
Natural (Uncoloured) Injection Moulding instead of oil spraying technology
Reduced paint use for higher chemical safety
- The relevant core functions are only available in the Android smart payment solution A920MAX.
PAX GLOBAL TECHNOLOGY LIMITED Environmental, Social and Governance Report 2024
About the Report
4
About the Report
Reporting Purpose, Period and Scope
PAX Global Technology Limited ("PAX" or the "Company", together with its subsidiaries the "Group" or "We") is pleased to publish our Environmental, Social and Governance ("ESG") Report (this "Report"). This Report aims to provide our key stakeholders with comprehensive disclosure and highlight of the Group's management approach, strategies, policies, systems, measures and performance of our material
Reporting Principles
In the preparation of this Report, the Group has adhered to the four reporting principles set out in the ESG Reporting Guide, to ensure that the content of this Report is presented with clear and effective disclosure of the Group's sustainability performance and impact on stakeholders.
sustainability issues. This Report also provides a thorough overview of the Group's performance in relevant areas through detailed data disclosure.
Unless otherwise stated, this Report covers the period from 1 January 2024 to 31 December 2024 (the "Reporting Period"), focusing on the Group's core business in the People's Republic of China (for the purpose of this Report, excluding Hong Kong Special Administrative Region ("Hong Kong"), Macau Special Administrative Region and Taiwan) (the "PRC") and Hong Kong, which include the following subsidiaries:
Pax Technology Limited;
Pax Computer Technology (Shenzhen) Co., Ltd.; and
Wonder Pax Technology (Shenzhen) Co., Ltd.
Based on the reporting principle of materiality, the reporting boundary is determined by factors such as the revenue proportion, business scale, number of employees of each subsidiary as well as the impact on sustainability.
An analysis of the revenue of the Group by geographical segments for the Reporting Period is set out in Note 6 to the consolidated financial statements in the Annual Report 2024 of the Company.
Principles Explanations
Materiality When the ESG issues covered in this Report have a material impact on investors and other stakeholders, the Group should provide relevant disclosures.
Quantitative This Report shall set up measurable targets aimed at mitigating individual impact. This approach facilitates
the evaluation and validation of the effectiveness of our ESG policies and our management systems. Quantitative information should be accompanied by a narrative, explaining its purpose, impacts, and giving comparative data where appropriate.
The Group's Responses
We maintain effective communication with our stakeholders through various channels. We conduct the annual materiality assessment and analysis to identify material sustainability issues that are relevant and important to both the Group and our stakeholders.
In this Report, we present quantitative environmental and social key performance indicators ("KPIs")
and appropriate historical data comparisons. Our sustainability framework and strategy and historical data comparisons have enabled us to keep track of our performance while assisting in corresponding strategic pillars, directions as well as goals and targets settings. Relevant standards, methodologies, assumptions, and conversion factors are disclosed when reporting the Group's emissions and energy consumption.
Reporting Standards
This Report is prepared in accordance with the provisions of the Environmental, Social and Governance Reporting Guide (the "ESG Reporting Guide", which has been renamed as the Environment, Social and Governance Reporting Code since 1 January 2025) in Appendix C2 to the Rules Governing the Listing of Securities on the main board of The Stock Exchange of Hong Kong Limited (the "HKEx"). We also disclose climate information with reference to the framework recommended by the Task Force on Climate-related Financial Disclosures ("TCFD"). Please refer to the "Climate Risk and Resilience Management" section for
Balance | This Report should impartially present |
the performance and challenges faced | |
by the Group, avoiding any potential | |
influence on the reader's decision- | |
making or judgment through biased | |
choices, omissions or reporting formats. |
The Group has disclosed the environmental and social impacts and performance related to our business in a balanced manner in this Report, covering our achievements, challenges and room for improvement in relation to material issues, as well as reporting comprehensive KPIs and data.
more information.
For details of the corporate governance of the Group, please refer to the section headed "Corporate Governance Report" in the Annual Report 2024 of the Company.
Consistency The Group shall continuously prepare this Report in accordance with the ESG Reporting Guide of HKEx and use consistent methodologies to allow for meaningful comparisons of ESG data over time.
Unless otherwise stated, we adopt consistent methodologies for the calculation of KPIs and conduct appropriate yearly comparisons in this Report.
PAX GLOBAL TECHNOLOGY LIMITED Environmental, Social and Governance Report 2024
Data Collection Method
The data and information cited in this Report are extracted from the Group's official documents and statistical data, approved by the board of directors of the Company (the "Board") in March 2025. Going forward, the Group will improve its data collection process through training, systematisation and optimised data collection methods. This aims to provide a more comprehensive view of the Group's sustainability performance.
Access To This Report
This Report is available in both Chinese and English versions on the websites of PAX and the HKEx. The
Chinese version shall prevail in case of discrepancies between the Chinese and English versions.
Feedback
The Group attaches great importance to the opinions of our diverse stakeholders and endeavours to address them whenever feasible. Your valuable feedback serves as the driver for our continuous improvement. The Board extends its gratitude to all our stakeholders who participated and contributed valuable insights in the stakeholder engagement exercise during the Reporting Period. Should you have any inquiries or feedback regarding this Report or the Group's sustainability performance, please do not hesitate to reach out to us at ir@pax.com.hk.
About the Report
5
PAX GLOBAL TECHNOLOGY LIMITED Environmental, Social and Governance Report 2024
Major Awards, Recognitions and Certifications
6
Major Awards,
Recognitions and
Certifications
Awards & Recognitions
Enterprise Credit Rating
Certificate (AAA Grade)
China Software Industry Association
Shenzhen Manufacturing
Industry Champion Enterprise
Industry and Information Technology
Bureau of Shenzhen Municipality
Red Dot Design Concept
Elys Solution
High and New Technology
Enterprise Certificate
Shenzhen Science and Technology
Innovation Committee, Department
of Finance of Shenzhen Municipality,
Shenzhen Municipal Tax Service, State
Taxation Administration
Corporate Headquarters Qualifications in Shenzhen
The Development and Reform
Commission of Shenzhen Municipality
iF Design Award
Elys Solution
Certifications
Payment Terminal Safety
Products have obtained PCI PTS
certification as approved PTS devices
•
Certificate for China Compulsory Product
Certification
•
China UnionPay Payment Terminal Equipment Security Certification
Cybersecurity
The Payment Card Industry Data Security
Standard
•
UnionPay Card Acceptance Terminal
Product Application Certification
Environmental Management
The European Union's Restriction of
Hazardous Substances ("RoHS") Standard
Management System
Certification
ISO/IEC 27001:2022
Information Security Management
System Certification
•
ISO/IEC 20000-1:2018
Information Technology Service
Management System Certification
•
ISO 9001:2015
Quality Management System Certification
•
ISO 45001:2018
Occupational Health and Safety
Management System Certification
•
ISO 14001:2015
Environmental Management System
Certification
PAX GLOBAL TECHNOLOGY LIMITED Environmental, Social and Governance Report 2024
About the Group
About the Group
7
PAX was established in 2000, and publicly listed on the main board of the HKEx on 20 December 2010. The Group is principally engaged in the development and sales of E-payment Terminals products, provision of maintenance and installation and payment solution services. As the world's leading electronic payment terminal enterprise, PAX is steadfast in its commitment to investing in the future, driving business and sustainable development. Through Android smart payment terminals and SaaS solutions, PAX also strengthened its collaboration with acquiring banks, payment service providers ("PSPs"), and channel partners worldwide to explore new synergies, enhancing the agility and digital competitiveness of merchants and creating sustainable value.
95 | M+ | Total Global Cumulative Shipments of POS |
120 | + | Countries and Regions Business Coverage |
First Asian Payment Terminal Provider elected to
PCI SSC Advisory Board
Third | |
largest global | POS Terminal Provider |
1,500 | + | Staff | 90 | + | Distributors or Business Partners |
PAX GLOBAL TECHNOLOGY LIMITED Environmental, Social and Governance Report 2024
About the Group
8
Global Leader in Payment Terminal Solutions | Focus on R&D & Pursue Excellence in Quality |
Set out to create
the most innovative and user-friendly payment terminals
Much more than a payment device
Providing solutions to the acquiring institutions
We focus on technological R&D and are committed to creating products that comply with international safety standards and delivering outstanding performance
Payments are the beginning of opportunities. We are improving the user experience through digitalisation
Through value-added services, we effectively assist merchants in smart operations, promoting their business and enhancing consumers' payment experience
850+ | 11.3% |
R&D | of Revenue Invested |
Personnel | in R&D |
6 | 1,900+ |
Global R&D | Valid product |
certification | |
Centres | |
certificates | |
PAX GLOBAL TECHNOLOGY LIMITED Environmental, Social and Governance Report 2024
About the Group
9
Key Milestones of the Group
2024
PAX new headquarters building in Shenzhen, China and PAX Smart Terminals Industrial Park in Huizhou, China commenced operations
2022
MAXSTORE achieved high standards of financial data security with PCI DSS Certification
2016
Launched the first Android-based smart payment terminal model - A920
2013
Listed in Forbes Asia's
200 Best Under
A Billion Companies
2009
Qualified as
a National New
High-Tech-Enterprise
2007
Ranked top 10 E-payment Terminals supplier globally
2000
Set up with
a mission to be
a leading global player
2020 - Present | 2010 - 2019 |
2000 - 2009
2017
Launched MAXSTORE (formerly known as PAXSTORE) -
a self-developed cloud SaaS platform
2023
Elected to the PCI SSC
Advisory Board
2015
Completed the first overseas acquisition （Pax Italia S.r.l.）
2008
Set up a US subsidiary and entered US market
2010
Successfully listed on the HKEx
2001
Became the first EMV 2000 certified POS terminal solution provider in Asia
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Disclaimer
PAX Global Technology Ltd. published this content on April 16, 2025, and is solely responsible for the information contained herein. Distributed via , unedited and unaltered, on April 16, 2025 at 02:41 UTC.
