Annual Report 2020

China Merchants China Direct Investments Limited Annual Report 2020 68 ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT (CONTINUED) ESG GOVERNANCE STRUCTURE (CONTINUED) We have established the ESG Taskforce which is led by an Executive Director and supported by respective officers from different functional departments of CMCIM, which under the purview of the Board, has the following responsibilities: ‧ 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; ‧ managing material ESG-related risks; ‧ monitoring and evaluating the progress against ESG targets and advising its implementation plan; ‧ 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. Structure below depicts the reporting line of the ESG governance structure and a summary of responsibilities of the governance body. Board of Directors Board of Directors Formulate ESG strategies and targets, develop ESG policies, monitor ESG risks and review the ESG report. ESG Taskforce Execute ESG policies, develop action plans, identify and manage ESG risks and prepare the ESG report. With the combined endeavours of the Board and the ESG Taskforce, we hope that our ESG risks and opportunities would be adequately and effectively managed.