In 2022, we deepened our sustainability commitment by adopting the TCFD's recommendations. The Board and Management roles and responsibilities were expanded to include active management of climate-related impacts and opportunities on our asset portfolios. We incorporated sustainability as a critical principle to our risk assessment framework. The Board and ARC are supported by the MRSC and a Sustainability Working Committee comprising diverse cross-functional teams which meet regularly and drive continuous efforts for sustainability performance across the Group. [...] Our robust governance structure drives, monitors, and executes our Sustainability Strategy across the Group. In 2022, we refreshed the roles and responsibilities of the Board and Management to oversee climate-related factors and performances, aligned with TCFD's recommendations (see Figure 2). A Sustainability Working Committee was also established to drive the Group's sustainability efforts. [...] **Board of Directors** - is collectively responsible for the long-term success and sustainability of the Group; - determines the material ESG factors; - reviews and discusses climate-related risks and opportunities; - oversees the design, implementation and monitoring of climate-related risks and internal controls established by the management; and - meets quarterly and at special meetings that are convened as required. **ARC** - assists the Board in fulfilling its responsibilities for sustainability reporting and processes: - evaluates how the management reviews the climate-related risks and opportunities; and - assesses the adequacy and effectiveness of the risk management framework and internal controls. **MRSC** - supports the ARC; - is responsible for the design, implementation and monitoring of risk management process, internal controls, and sustainability reporting; - is responsible for managing climate-related risks and opportunities; - ensures accuracy and integrity of the sustainability reports; and - provides management assurance to the ARC and the Board that the risk management framework and internal controls are adequate and effective. **GRS team** - reviews and updates risk assessment frameworks; - supports the Group in the review of risk registers, which covers but not limited to climate-related risk identification, analysis, treatment, and monitoring; and - scans and profiles emerging climate-related risks. **Sustainability Working Committee** - formulates sustainability and climate-related initiatives to enhance sustainability performance; - monitors the progress of initiatives and update the MRSC; and - guides the business divisions on the implementation of initiatives. **Business divisions** - appoint appropriate representatives to the Sustainability Working Committee; - implement sustainability and climate-related initiatives cascaded from the MRSC and/or Sustainability Working Committee, ensuring a clear and consistent approach across the Group; and - designate risk champions to manage climate-related risks identified by the GRS team through their risk registers. These champions are also responsible for raising material climate and ESG issues with the heads of business divisions.