Sustainability

The Group is committed to improving its governance standards and fully understands that good corporate governance is closely related to "ESG" performance. The Group is led by the Board which is responsible for formulating the Group's overall strategy to oversee business development, financial performance and governance effectiveness.

A Sustainability Committee, which is chaired by the Group’s Chief Executive Officer and includes the Chairman of the Board, and the Independent Non-Executive Directors, has been established under the Board. This committee is the key decision-maker on the Group's sustainability matters. During the year, a new governance structure for sustainability at the executive level was established to align with the implementation of the new roadmap. The Sustainability Executive Committee (SEC) was formed, with members from senior management of relevant Group’s departments. These include the Chief Financial Officer and the Heads of platform companies, who have been responsible for ESG reporting and related tasks for a long time, as well as the Head of Financial Business, the main department responsible for ESG reporting and related tasks. There are five Sub-committees within the SEC, each responsible for a specific issue or project, like tackling climate change and promoting green finance. They create plans and measures that align with the Group's strategic objectives and oversee their execution.

Furthermore, the Office of the Sustainability Committee, under the Group's Financial Business Department, focuses on resolving specific issues and facilitating the progress of related projects. A strong collaborative relationship exists between the Sub-committees and the Office. The Sub-committees are in charge of establishing overall strategies and objectives and offers guidance and support to the Office. Meanwhile, the Office of the Sustainability Committee takes care of executing specific tasks. Progress reports are made to the Subcommittees, and finally to the Sustainability Committee and the board of directors. This process ensures the smooth implementation of the sustainability strategy.