Towngas Smart Energy Co Ltd

Lobbying Governance

AI Extracted Evidence Snippet Source

The Board of Directors of the Group assumes full responsibility for the ESG strategy and reporting, committing that the contents of this report contain no false records, misleading statements, or significant omissions. The Group has established an Board ESG Committee at the Board level, consisting of four Group Board members, with Mr. Peter Wong Wai-yee, the Chief Executive Officer, serving as the chairman. To strengthen the Group's ESG management, the Terms of Reference of the ESG Committee specifically mandate the Board ESG Committee to assist the Board of Directors in comprehensively overseeing the ESG-related matters of the Group and its subsidiaries. In addition, in collaboration with our parent company, we have established ESG Working Committee under the ESG Steering Committee, covering areas including "Decarbonisation and Resources Management", "Safety and Health", and "Audit and Risk". They are responsible for developing and implementing specific work plans within different ESG domains. To further enhance the management's responsibility towards ESG, we link the remuneration of relevant executive directors and senior management with ESG management performance, including climate change targets, production safety performance, and various ESG ratings. [...] The Board ESG Committee holds regular meetings. During the year, it conducted one regular meeting and hosted four presentations on ESG issues. By taking into account changes in the macro environment and the strategic development direction of the Group, during these meetings the Committee reviewed and discussed the management performance of sustainable development in five key areas, thereby assessing and evaluating the effectiveness of the ESG efforts of the Group.

https://www.towngassmartenergy.com/wp-content/uploads/2024/08/2023-ESG-Report-EN.pdf