Annual Report 2022

80 China Merchants China Direct Investments Limited Annual Report 2022 ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT (CONTINUED) ENVIRONMENTAL PROTECTION (CONTINUED) Energy Consumption The Company is committed to conserving the scarce resources. In order to improve energy efficiency and reduce the office energy consumption, a series of practices have been adopted by the Investment Manager. It is also the Investment Manager’s goal to help employees develop a better green mind-set by integrating energy saving behaviour into the daily habits of employees in and out of the office. We hope that with the above mentioned practices, the energy consumption and greenhouse gas emissions would be kept at minimal. Since the electricity usage is included in the building management fee, hence no relevant consumption data could be disclosed during the Reporting Period. As mentioned previously in our environmental policy, we believe there is a role for us to play in protecting the environment. The Company and the Investment Manager have set the following targets: Target 3 To incorporate energy efficiency as one of the criteria for the procurement of office equipment (e.g. Grade 1 energy label) by 2022. Target 4 To consider the electricity conservation policy and measures adopted by the buildings as one of the selection criteria for new rental offices by 2025. With the target set, the Board and the ESG Taskforce work collaboratively to update the procurement policy of office equipment by reviewing energy efficiency options whilst promoting an energy saving culture within the offices. We consider that we have achieved Target 3 during the Reporting Period by completing the update of the procurement policy. Further, a number of considerations will be taken into account when selecting new rental offices; for example, if the landlord has been: ‧ replacing traditional lighting with energy saving LED lighting; and ‧ installation of occupancy/motion sensor to automatically switch on and off the air conditioning in those areas infrequently used. During the Reporting period, we continue to consider the electricity conservation policy in place for selection of new rental offices to attain Target 4.