Annual Report 2025

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT (CONTINUED) China Merchants China Direct Investments Limited Annual Report 2025 93 ENVIRONMENTAL PROTECTION (CONTINUED) Climate-related Disclosure (continued) Risk Management (continued) Target 1 5% reduction on paper consumption intensity by 2025 as compared with 2020. Target 2 The Investment Manager continues to reduce the consumption of single-use plastics and aim to achieve zero plastic bottles by 2025. The ESG Taskforce is responsible for adopting measures to reach the established goals, which are as follows: ‧ promoting resources conservation through posters and internal communications; ‧ setting up suggestion boxes for employees to provide additional resource conservation practices ideas; ‧ placing recycling bins at different spaces in the offices; ‧ phasing out paper documents and replacing them with electronic documents; ‧ encouraging employees to bring and use their own cups to work; and ‧ avoiding the purchase of bottled water or other single-use plastic products. During the Reporting Period, we have achieved the Target 1, by reducing the paper consumption intensity (kg/total number of employees) by 72% from 52.11 in 2020 to 14.83 in 2025. Also, the Investment Manager have been regularly implementing the above measures to pursuing Target 2. Target 3 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 previously, the Board and the ESG Taskforce have worked 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 energy efficiency target set previously (i.e. to incorporate energy efficiency as one of the criteria for the procurement of office equipment by 2022) and continued to attain it during the Reporting Period by incorporating energy efficiency into the procurement policy and procedures. 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.