ESG Report 2022

ESG Governance 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 The Board believes that comprehensive targets, and assist the Board in evaluating the governance of ESG matters will benefit the Group's Group's ESG performance by reporting to the long-term development. ESG reporting has been Board. formally included in the agenda of the Board. This Through the meetings, the Board understands the ESG report has been reported to the Board and r e s u l t s o f t h e s t a k e h o l d e r e n g a g eme n t reviewed and approved before disclosure to management strategy, and reviews and revises the strengthen the Board's understanding of the annual G r o u p ' s s u s t a i n a b l e d e v e l o p m e n t a n d ESG achievements, visions and strategies. To management policy to effectively meet the effectively supervise the Group's ESG matters, the expectations and needs of stakeholders. In Board is responsible for developing and approving addition, the Group has delegated a professional the overall ESG vision, strategies and programmes third party to help manage the Group's ESG and regularly reviewing the Group's ESG matters, prepare the ESG report and conduct data performance. Through the Board meetings, the collection and analysis. Such party also helps the Board is aware of the compliance of ESG-related Board to collect and analyse stakeholder's opinions risks and related issues, and supervises the risk on ESG matters, and carry out materiality assessment process and corresponding measures. assessment to identify the Group's material ESG The Board has established the Sustainable issues. The materiality assessment is based on Development Working Group to help the Board surveys for collecting opinion from the Group's develop and implement appropriate ESG stakeholders, including the members of the Board. management strategies and policies. The working By integrating material ESG issues of the industry, group is comprised of representatives from various the level of concern of different ESG issues are d e p a r t me n t s , w i t h c l e a r s t r u c t u r e a n d rated and prioritised in order to identify the material responsibilities. It reports to the Board on ESG ESG issues. The assessment result is supervised working results regularly. The management of and approved by the Board. different departments is responsible for practising, During the Year, the Group's short-term sustainable leading and supervising policies set by the working development goals have been set and regular group according to the ESG strategies, which are Board meetings have been held. The process of then implemented by different operational teams. setting goals and the progress of related goals To effectively improve the Group's ESG were supervised by the Board. In the future, the performance and progress, departments work in Board will spare no effort to explore more strict accordance with their targets, while the opportunities to help the Group to further its Sustainable Development Working Group sustainable development achievements. supervises the overall implementation of the 3.1 Board Statement Environmental, Social and Governance Report 2022 The United Laboratories International Holdings Limited 5