Annual Report 2024

46 2024 Annual Report Transport International Holdings Limited SUSTAINABILITY REPORT Adopting ISSB Standards The International Sustainability Standards Board (“ISSB”), established by the Trustees of the IFRS Foundation, aims to provide a high-quality, comprehensive global baseline for sustainability disclosures that meet the information needs of investors. TIH adopted the IFRS sustainability disclosure framework recommended by ISSB, detailing the risks and opportunities associated with climate change, their potential impact on our business, and the actions we are taking to address these risks and opportunities. TIH is committed to communicating our approach and strategies across ISSB’s four thematic areas: governance, strategy, risk management, and metrics and targets. Sustainability Governance We adhere to recommended best corporate governance practices to achieve sustainable business development, ensuring compliance with applicable legal and regulatory requirements while also 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, six Independent Non-executive Directors and one Executive Director. The biographies of our current Directors can be found on pages 156 to 166 of our 2024 Annual Report. The overall strategic planning and accountability for the Group’s sustainable development rest with TIH’s Board-level Committee, which determines the Group’s sustainability strategy and oversees its progress. The Board-level Audit and Risk Management Committee is appointed to oversee strategic ESG-related issues concerning TIH, including climate-related strategies, policies, actions and disclosures. It informs the Board of the strategic risks and opportunities presented by climate change, which are considered as part of the Board’s discussion of TIH’s strategic plans. 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 of corporate social responsibilities, sharing knowledge and industry best practices, and working with the Enterprise Risk Management Task Force of the Company to assess emerging ESG-related risks. Legal and Regulatory Compliance TIH is committed to conducting business activities in compliance with the laws of Hong Kong. All Directors and staff of the Group are subject to a written Code of Conduct when discharging their delegated duties. The Code of Conduct provides guidance on personal conduct, relations with suppliers and contractors, responsibilities to shareholders and the community, customer relations, and employment practices. It also outlines procedures for monitoring compliance and enforcement to promote ethical values in business activities. The Code of Conduct is available on the staff website for easy access and is reviewed and updated periodically to reflect the latest regulatory changes.