Annual Report 2022

83 China Merchants China Direct Investments Limited Annual Report 2022 ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT (CONTINUED) ENVIRONMENTAL PROTECTION (CONTINUED) Environmental Impact Management (continued) Climate Change (continued) Climate-related issues such as risks in regulatory change may lead to the devaluation of the assets held by the Company. Such potential grounded assets could be energy related, which may lead to unexpected changes in the Company’s value. For that reason, we believe it is important to also consider climate-related issues and trend when making important business and investment decisions, after studying its costs and benefits. For example, considering climate-related risks before making new investment choice to the Company’s portfolio. Our climate change policy also contains guidance to climate risks identification, mitigation and adaptation to help build resilience to these potential climate events. SOCIAL RESPONSIBILITY Labour Practices The Company considers that employees are indispensable assets to the success of the Company, and the Company and the Investment Manager are constantly striving to attract and retain talents. In order to further improve the employees’ satisfaction, well-being and loyalty, the Investment Manager has developed a well-rounded human capital policy on compensation and dismissal, recruitment and promotion, working hours, rest periods, equal opportunity, diversity, anti-discrimination, and other benefits and welfare. The Investment Manager is an equal opportunity employer and has zero tolerance against discrimination on age, gender, race and sexual preference, disability, religion, national origin, etc. Equal opportunity is the core idea of its human capital policy, which covers areas of compensation and dismissal, recruitment and promotion, working hours, rest periods, other benefits and welfare, etc. The level of compensation of employees is reviewed annually and adjusted according to their performance, qualification and market standards. Benefits such as medical, life and disability insurance and retirement scheme are provided to employees. Staff leisure activities are also organised.