Annual Report 2024

45 2024 Annual Report Transport International Holdings Limited Reporting Focus The Sustainability Report (the “Report”) of TIH outlines the environmental and corporate social responsibility performance and sustainability achievements of its wholly-owned subsidiaries, The Kowloon Motor Bus Company (1933) Limited (“KMB”), Long Win Bus Company Limited (“LWB”), Sun Bus Holdings Limited and its subsidiaries (“Sun Bus”), and New Hong Kong Bus Company Limited (“NHKB”). The Report also includes TIH’s wholly-owned subsidiaries, KT Real Estate Limited (“KTRE”), LCK Commercial Properties Limited (“LCKCP”) and LCK Real Estate Limited (“LCKRE”), as well as TM Properties Investment Limited (“TMPI”), in which TIH holds a 50% interest. The Report covers the reporting period from 1 January to 31 December 2024. There were no significant changes with regard to TIH’s size, structure, ownership or supply chain during the reporting period. In the Report, data and statistics are presented as absolute figures and are normalised into comparable terms as far as possible. Unless otherwise stated, date and statistics in the Report cover the performance of KMB, LWB, SBH Group, NHKB, KTRE, LCKCP, LCKRE and TMPI. Responsible Consumption and Production Peace, Justice and Strong Institutions There is no specific limitation on the scope and boundary of the Report with respect to TIH’s operations. Reporting Principles The Report was prepared in accordance with the latest Global Reporting Initiative (“GRI”) Standards 2021 and the Appendix C2: Environmental, Social and Governance Reporting Code (“ESG Reporting Code”) issued by Hong Kong Exchanges and Clearing Limited (”HKEX”). The GRI Content Index correlates GRI disclosures with associated sections in this Report. The Group strictly adheres to the reporting principles of materiality, quantitative, balance and consistency which are set out in the ESG Reporting Code. To align our strategies with international sustainability principles, the Report also makes reference to the United Nations Sustainable Development Goals (“UNSDGs”) and the IFRS Sustainability Disclosure Standards, including IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information (“IFRS S1”) and IFRS S2 Climate-related Disclosures (“IFRS S2”), developed by the International Sustainability Standards Board (“ISSB”). Reporting Principles Application Materiality To identify material ESG-related issues, stakeholder engagement exercises are conducted to gather opinions and feedback from stakeholders. These material ESG issues are then incorporated into the Group’s core business strategy. For more details, please refer to the section “Stakeholder Engagement and Materiality Assessment”. Quantitative The Group discloses its ESG performances in a quantitative manner. Data and statistics are presented as absolute figures and are normalised into comparable terms as far as possible. For more details, please refer to the section “Performance Statistics”. In 2023, the scope of the Report covered only KMB and LWB; in 2024, it was expanded to include KMB, LWB, SBH Group, NHKB, KTRE, LCKCP, LCKRE and TMPI. As such, comparative quantitative data between 2023 and 2024 is not applicable to the Report. The comparative quantitative data will be available in the 2025 Report. Balance The Group prepares this Report and discloses its ESG performance and achievements in a transparent, unbiased and fair manner. Consistency The Report has been prepared in accordance with the latest GRI Standards 2021 and the ESG Reporting Code issued by the HKEX, using consistent methodologies to ensure meaningful data comparisons over time.