Annual Report 2022

45 2022 Annual Report Transport International Holdings Limited Brand IFAPC Outstanding Listed Companies Award 2022 from The Hong Kong Institute of Financial Analysts and Professional Commentators Limited; Gold Award for Traditional Annual Reports, and Gold Award for Traditional Annual Reports and Cover Photo/Design, Silver for Written Text in the Transportation and Leasing category of the 2022 International ARC Awards from The MerComm, Inc; Silver Award for Transportation & Logistics category of the 2021 Vision Awards from The League of American Communications Professionals LLC; Smart Service Award – Gold Award, Individual Award (Contact Centre Service) – Gold Award, Top 5 Young Stars of the Year 2021 and Anti-epidemic Customer Service Excellence Award – Bronze Award from the Hong Kong Association for Customer Service Excellence; Reader’s Digest Trusted Brands 2022 Gold Award – Public Transport category from the Reader’s Digest; Eco-Brand Awards 2022 from the East Week; and Living Smart Awards 2022 – Smart Design from Ming Pao. Sustainability Governance We adhere to the best corporate governance practices to achieve sustainable business development. We ensure compliance with applicable legal and regulatory requirements while considering the interests of our stakeholders. The Group has adopted an integrated management approach to guide the sustainable development of TIH based on the principles of integrity, equity and transparency. This integrated management approach is strengthened by ongoing staff training and communication with stakeholders. The board of directors of TIH (the “Board”), as its highest governance body, is responsible for stewarding the long-term development of the Group and growing shareholder value. The Board currently comprises nine non-executive directors, five independent non- executive directors and one executive director. The biographies of our current directors can be found from pages 142 to 150 of our 2022 Annual Report. The overall strategic planning and accountability for the Group’s sustainable development rest with our Board-level Committee, which determines the sustainability strategy and oversees its progress. Our ESG Task Force, under the oversight of the Committee, implements the Board’s ESG strategy and policies to drive sustainable initiatives throughout our operations, including safety, environmental protection, staff welfare, community engagement and volunteering. The ESG Task Force is also responsible for optimising environmental performance, raising staff awareness on corporate social responsibilities, sharing knowledge and industry best practices and working with the Enterprise Risk Management Task Force of the Company to assess new and emerging ESG-related risks. The Group’s Enterprise Risk Management System adopts a systemic approach and uses a set of consistent risk assessment criteria to identify and manage risks. Accurate risk information is provided for the Management to assist them in decision-making and risk control without compromising cost- effectiveness and efficiency. In addition, with the Enterprise Risk Management System, the Management monitors and reviews risk levels of various issues that might impact the Group, including climate change, to ensure that risk exposure remains at an acceptable level. A Key Risk Indicator Report (“KRI Report”) summarises the Group’s major risks identified by the Management and is submitted to the Audit and Risk Management Committee three times a year. The KRI Report provides a comprehensive profile of the major risks and the mechanism established by the Management for monitoring these risks. For details of our corporate governance, please refer to from pages 116 to 137 of our 2022 Annual Report.