Annual Report 2025

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT (CONTINUED) China Merchants China Direct Investments Limited Annual Report 2025 91 ENVIRONMENTAL PROTECTION (CONTINUED) Climate-related Disclosure (continued) Risk Management (continued) Metrics and Targets Metrics To support the effective monitoring of climate-related risks and opportunities, the Company is committed to mitigating GHG emissions and minimising the environmental impacts arising from its daily operations and investment activities 2 . The Company continuously measures and analyses its carbon footprint across the value chain to identify potential areas for emission reduction and to enhance transparency for stakeholders regarding its emissions performance and progress. As the majority of the Company’s business activities are performed in an office environment and it does not own any vehicles, there is no generation of Scope 1 direct greenhouse gas (“ GHG ”) emissions. Similarly, as the Company does not directly acquire or consume electricity, steam, heat, or cooling, there is no generation of Scope 2 indirect GHG emissions. The Company currently monitors and reports on selected Scope 3 GHG emissions, including those arising from waste generated in operations and business travel. Going forward, the Company will continue to explore the feasibility of expanding our Scope 3 GHG emissions coverage to include additional upstream and downstream value chain activities, with the aim of enhancing the completeness and transparency of our carbon footprint disclosures: GHG Emissions 3 CO2 Equivalent (tonnes CO2e) Scope 3 GHG emissions: Category 5 – Waste Generated in Operations 4 0.0013 Scope 3 GHG emissions: Category 6 – Business Travel 5 70.1366 2 The Company does not incorporate specific climate-related performance metrics into our current management remuneration policies. We will explore the feasibility in factoring climate-related considerations into the executive’s remuneration where appropriate. 3 GHG emissions are calculated with reference to the GHG Protocol published by the World Resources Institute and the World Business Council on Sustainable Development, the Calculation Tools and Guidance: Emission Factors published by GHG Protocol, UK Government GHG Conversion Factors for Company Reporting published by the Department for Business, Energy and Industrial Strategy in the UK, GHG Emission Factors Hub published by the United States Environmental Protection Agency and other national and local grid emission factors, to guide the emissions measurement approach where applicable. During the Reporting Period, there were no changes to our measurement approaches, inputs or assumptions. The Company applies operational control measurement approach due to the ability to take full ownership of all GHG emissions we can directly influence and reduce. The emission factors are updated annually to reflect the actual situation regarding emissions. 4 Scope 3 GHG emissions (Category 5) cover the emissions from paper recycled. 5 Scope 3 GHG emissions (Category 6) cover the emissions from all modes of transportation associated with business trips of CMCDI and the Investment Manager.