B Grimm Power PCL

The results of materiality assessment including material topics were reviewed and considered by the management committee and the Corporate Governance and Sustainability Committee (CGSC), and approved by the Board of Directors respectively.

In 2021 the Corporate Governance Committee was renamed the Corporate Governance and Sustainability Committee by the Board of Directors. Its scope of power was expanded to include economic, environmental, social, and governance dimensions of sustainability. It is now responsible for making recommendations and reviewing policies, strategies, action plans and corporate sustainability goals. It also oversees sustainability reporting's conformity with international principles and standards. The committee also regularly reports these matters to the Board of Directors. [...] Meanwhile, the Corporate Sustainability Department, reporting directly to the Chief Financial Officer, promotes sustainability activities and ensures that sustainability strategy guidelines and plans are effectively implemented to facilitate the achievement of organisational goals. The department also instils a sustainability mindset in every unit through close coordination, as well as promotes knowledge and understanding of sustainability and track sustainability performance. Progress and results are reported to the Management Committee and the Corporate Governance and Sustainability Committee at least quarterly.

##### Governance Structure

Board's oversight of climate-related risks and opportunities:

* The Board of Directors (BOD) plays an important role in providing oversight of climate-related risks and opportunities which may impact B.Grimm Power's business activity. In regards to climate-related risks and opportunities the BOD's function is to ensure that the climate strategy aligns with the company's business policies.
* The Board of Directors have appointed the Corporate Governance and Sustainability Committee as a sub-committee to perform duties in making decisions on matters related to the economy, environment, society and corporate governance of businesses associated with sustainability and climate change as follows:
+ Assessing the potential impact of climate-related risks on the company's operations, finances, and reputation, including the risks associated with extreme weather events, changing regulatory requirements, and shifting consumer preferences.
+ Developing strategies and policies for addressing assessed climate-related risks and opportunities such as investing in renewable energy sources, implementing energy efficiency measures, or developing new products and services to meet changing customer needs.
+ Ensuring that the developed strategies are effectively implemented though detailed action plans and monitored over time by setting targets and corporate KPIs to track progress, reviewing performance regularly, and making adjustments as necessary
+ Ensuring that the company is transparent about its climate-related risk and opportunity management, which involves regular reporting on environmental performance, as well as disclosing information on climate-related risks and opportunities in financial filings and other public communications.

The Management Committee's (MC) role in assessing and managing climate-related risks and opportunities involves:

* Conducting comprehensive risk analyses to be provided to the BoD. The analyses identify and evaluate the potential impact of climate-related risks on the company's operations, finances, and reputation, including evaluating the risks associated with extreme weather events, changing regulatory requirements, and shifting consumer preferences.
* Develop the execution and action plan to ensure sustainability in operating the business under the strategy and policy from the Board of Directors, by identifying the targets and execution plan that cohere with business goals and the organisation's climate change goals, with quarterly reviews of the progress and operating results, and reporting to the Corporate Governance and Sustainability once every six months.
* The Climate Taskforce (TF). The TF includes senior members of each departments to align and mainstream climate action plan across B.Grimm Power business activities and provide feedback to management committees of refinement opportunities to existing climate action plan.
* The Climate Operational Support (OS) is responsible for supporting TF to bring policy and plan into actions and implementation.
* In addition, B.Grimm Power has established targets and incentives for the senior management not only for C-level executives but also for business unit managers. These are linked to climate action performance such as reduction of GHG emission intensity, development of clean energy power plants, and improvement of existing power plant efficiency.

The Board of Directors of B.Grimm Power Public Company Limited ("B.Grimm Power") appointed the Corporate Governance and Sustainability Committee to steer corporate governance, business ethics, code of conduct, sustainability management, risk management concerning digital and cybersecurity, and anti-corruption. [...] Reviewed and revised B.Grimm Power's corporate governance related policies, which included the CG Policy, Inside Information Policy, and the Anti-corruption Policy and proposed to the Board for consideration and approval; [...] Provided advice on practices concerning corporate governance, risk management, sustainability, and climate change to ensure that they were in line with B.Grimm Power's policy; [...] Acknowledged a report on compliance with B.Grimm Power's Code of Conduct.