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Our sustainability governance structure provides a solid foundation for developing and delivering its commitment to sustainability. This is embedded at all levels of the Group, including the Board, the Sustainability Committee and the Sustainability Management Committee, comprising the CEO and other senior officials. The Sustainability Committee and the Sustainability Management Committee provide guidance to our businesses to maintain Group consistency in implementing their own sustainability strategies, manages goals, targets, reporting processes and strengthens the relations with internal and external stakeholders, and also ensure overall accountability.

The Group has formulated separate policies on sustainability, environment, supply chain management, and human rights. These policies are primarily intended to serve as the ultimate guiding principles for sustainability practices within the Group, putting its values into action across the businesses and detailing the Group’s commitments to business integrity, people, environment, and communities in which the Group operates.

Sustainability Governance

The Board

The Board has ultimate accountability for the Group’s sustainability strategy, management, performance and reporting through the support of the Sustainability Committee.

The Board examines and approves the Group’s sustainability objectives, strategies, priorities, initiatives, goals and targets as well as the corresponding policies and frameworks that support their achievement.

The Sustainability Committee reports to the Board on sustainability risks and opportunities, and periodically discusses its impact on business strategy.

Our directors or executives are appointed to the boards and management committees of all material investment for overseeing and monitoring the sustainability performance of each business. The executive management team of each business is accountable for the conduct and performance within the agreed strategies.

Sustainability Committee

The Sustainability Committee was established as a Board committee which has an overarching role in supporting the Board on the matters of sustainability and oversees the implementation of the sustainability initiatives of the Group, including reviewing the related policies and practices, and assessing and making recommendations on matters concerning the Group’s sustainability governance, strategy, planning and risks.

Key responsibilities of the Sustainability Committee include:

  • Proposing and recommending to the Board on the Group’s sustainability objectives, strategies, priorities, initiatives, goals and targets;
  • Overseeing, reviewing and evaluating actions taken by the Group in furtherance of the sustainability priorities, goals and targets, including coordinating with the business units of the Group and ensuring that their operations and practices are in adherence;
  • Reviewing and reporting to the Board on sustainability risks and opportunities;
  • Monitoring, evaluating and reviewing emerging sustainability-related issues, trends and best practices that could impact the business operations and performance of the Group;
  • Overseeing and reviewing the Group’s approach, and to recommend improvements;
  • Considering the impact of the Group’s operations at various aspects to its stakeholders, including employees, shareholders, local communities as well as the environment;
  • Reviewing and advising the Board on the Group’s public communication, disclosure and publications as regards to its sustainability performance; and
  • Performing such further functions related or incidental to the foregoing which the Committee deems appropriate.

Sustainability Management Committee

Composed of Chief Executive Officer, an Executive Director, Chief Financial Officer, Group Legal Counsel and Company Secretary and selected members of the Group’s management, the Sustainability Management Committee focuses on addressing sustainability issues and policies and driving strategic initiatives across the Group. It reports to, and receives feedback from, the Sustainability Committee on a regular basis.

Management of Business Units

  • Identifies operational-specific sustainability-related risks and opportunities.
  • Monitors and tracks progress against agreed targets and initiatives.
  • Provides feedback to the Sustainability Management Committee on sustainability-related achievements and progress.