Annual Report 2024

80 China Merchants China Direct Investments Limited Annual Report 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT (CONTINUED) ESG GOVERNANCE STRUCTURE (CONTINUED) The ESG Taskforce is led by an Executive Director and supported by respective officers from different functional departments of CMCIM, and the Board has authorised the ESG Taskforce to manage the Company’s ESG matters, and their responsibilities include: ‧ executing ESG policies set by the Board; ‧ reviewing ESG policies to make sure that they remain valid and fit for purposes; ‧ advising the Board on resources allocation on ESG initiatives; ‧ developing action plans and procedures to achieve ESG goals; ‧ reviewing and managing material ESG-related risks and opportunities; ‧ providing regular updates, at least once per year, on the Company’s ESG-related, including climate-related, risks and opportunities to the Board; ‧ organising climate-related training sessions for the Board and relevant employees to keep them informed with up-to-date knowledge and skills to support their oversight of climate-related issues; ‧ monitoring and evaluating the progress against ESG targets and advising its implementation plan; ‧ reviewing and suggesting changes, if needed, to the Company’s ESG strategies, targets, and action plans to the Board; ‧ monitoring the Company’s operations to ensure that they are in compliance with relevant ESG policies and procedures, as well as applicable laws, regulations and standards; and ‧ drafting ESG report. As the Board and the ESG Taskforce join forces, this not only ensures that the Company’s ESG governance structure is running smoothly in accordance with the relevant ESG guidelines and regulations, but also helps the Company better manage its ESG risks and opportunities effectively.