ESG Report 2021

Board Statement The Board believes that comprehensive governance of the targets, and assist the Board in evaluating the of ESG matters will benefit the Group s long-term Group s ESG performance by reporting to the Board. development. ESG reporting has been formally Through the meetings, the Board understands the included in the agenda of the Board. This ESG results of the stakeholder engagement management report has been reported to the Board and reviewed strategy, and reviews and revises the Group s and approved before disclosure to strengthen the sustainable development and management policy to Board s understanding of the annual ESG effectively meet the expectations and needs of achievements, visions and strategies. To effectively stakeholders. In addition, the Group has delegated a supervise the Group s ESG matters, the Board is professional third party to help manage the Group s responsible for developing and approving the overall ESG matters, prepare the ESG report and conduct ESG vision, strategies and programmes and regularly data collection and analysis. Such party also helps reviewing the Group s ESG performance. Through the Board to collect and analyse stakeholder s the Board meetings, the Board is aware of the opinions on ESG matters, and carry out materiality compliance of ESG-related risks and related issues, assessment to identify the Group ’ s material ESG and supervises the risk assessment process and issues. The materiality assessment is based on corresponding measures. surveys collecting opinion from the Group s The Board has established the Sustainable stakeholders, including the members of the Board. Development Working Group to help the Board By integrating material ESG issues of the industry, develop and implement appropriate ESG the level of concern of different ESG issues are management strategies and policies. The working rated and prioritised in order to identify the material group is comprised of representatives from various ESG issues. The assessment result is supervised and d e p a r tme nt s , w i t h c l e a r s t r u c t u re a n d approved by the Board. responsibilities. It reports to the Board on ESG During the Year, the Group s short-term sustainable working results regularly. The management of development goals have been set and regular Board different departments is responsible for practising, meetings have been held. The process of setting leading and supervising policies set by the working goals and the progress of related goals were group according to the ESG strategies, which are supervised by the Board. In the future, the Board will then implemented by different operational teams. To spare no effort to explore more opportunities to help effectively improve the Group s ESG performance the Group to further its sustainable development and progress, departments work in strict accordance achievements. with their targets, while the Sustainable Development Working Group supervises the overall implementation ’ ’ ’ ’ ’ ’ ’ ’ ’ ’ ’ ESG POLICY The Group actively fulfils its social responsibility, delivery of sustainable returns to the Group and its and understands that excellent governance of ESG shareholders. matters results in better investment value and the 5 Environmental, Social and Governance Report 2021 The United Laboratories International Holdings Limited