Sustainability - Overview
Our Directors have overall responsibility for our strategies and reporting on environmental, social and governance (❝ESG❞) matters. Our Directors will support our commitment to fulfilling environmental and social responsibilities which include but are not limited to the following:
- Developing and adopting policies on environmental, social and corporate governance responsibilities (the ❝ESG Policy❞);
- Conducting materiality assessments of environmental-related, climate-related, social-related risks;
- Reviewing our performance on annual basis and monitoring the effectiveness and ensuring the implementation of our ESG Policy;
- Staying informed about the latest ESG-related laws and regulations, including the applicable sections of the GEM Listing Rules, and updating our ESG Policy in accordance with the latest regulatory updates;
- Following and monitoring the latest requirements regarding ESG disclosure and regulatory compliance;
- Identifying our key stakeholders based on our business operations and establishing the communication channels to engage with them with respect to ESG matters;
- Assessing ESG-related risks and opportunities on a regular basis according to applicable laws, regulations and policies, especially risks in relation to climate changes, to ensure our responsibilities with respect to ESG matters are met; and
- Preparing and reviewing the ESG report
Our Board will also establish an ESG committee to assist our Board in overseeing ESG governance, ensuring the implementation of ESG policies, monitoring ESG-related performance and targets, adjusting ESG strategies and preparing the ESG report. In addition, we also plan to establish an ESG task force team to support our Board and the ESG committee in implementing ESG policies, targets and strategies, conducting materiality assessments of environmental, social and climate-related risks, assessing corresponding responses, collecting ESG data for the ESG report, and continuously monitoring the implementation and effectiveness of measures adopted to address our ESG-related risks and responsibilities.
The ESG committee and the ESG task force team are expected to report to our Board periodically on the ESG performance of our Group, the effectiveness of our ESG systems and recommendations.
