The HKEX Board of Directors monitors the Group's operating, financial and ESG performance, reviews the Group's compensation policies and succession planning, and ensures that a positive and progressive culture, effective ESG policies, and appropriate and effective internal control and risk management systems are in place. Simultaneously, the Board takes on the overall responsibility for overseeing and reviewing the Group's sustainability strategy, including climate-related risks and opportunities, and their respective policies. It also reviews the Group's performance and progress against corresponding targets and objectives at least annually. [...] The Corporate Responsibility Committee (CR Committee), formerly known as the Corporate Social Responsibility Committee, is delegated by the Board to oversee matters concerning the CR management framework and policies. The CR Committee consists of six Board members, including the HKEX Board Chairman, who acts as the CR Committee's chairman, the Chief Executive Officer of HKEX and four other Board members. The CR Committee is responsible for providing directions on and overseeing the development and implementation of HKEX's CR strategy and initiatives. [...] In 2024, an Executive Corporate Responsibility Committee (ECRC), co-chaired by the Chief Executive Officer and the Group Chief Sustainability Officer, was established to oversee the management of CR matters for the Group. The ECRC is a sub-committee of the HKEX Management Committee to provide active management of all CR matters, and reports to both the Management Committee and the CR Committee. The ECRC is responsible for developing, implementing and evaluating the CR strategy, policies and initiatives across the Group. The ECRC also advises on and reviews the determination of relevant metrics and key performance indicators for CR priorities, as well as the development of short- and long-term targets for implementing and achieving respective goals and complying with relevant laws and regulations.