comprises seven directors, of whom three are executive directors and four are independent non-executive directors • Ultimately responsible to ensure there is an appropriate focus and commitment on sustainability • Determines the ESG topics identified as material and pertinent to the business of the Group and ensures that they are appropriately monitored and managed • Bears overall responsibility for the Company’s sustainability reporting comprises three members, of whom majority including the chairman are independent non-executive directors • Assists the Board in reviewing the Group’s risk management system and sustainability-related issues • Recommends the identified material ESG topics and the approach on sustainability reporting to the Board • Ensures ESG topics and relevant sustainability-related issues are appropriately monitored and managed comprises senior management personnel • Formulates policies and implements measures relating to ESG topics • Reviews progress and effectiveness of sustainability measures, as well as performances achieved against sustainability targets • Provides periodic sustainability updates to the RMSC comprises cross functional team • Supports formulation and execution of practices and initiatives as well as coordinates the communication with stakeholders both internally and externally • Focuses on various ESG workstreams such as: o Compliance, anti-corruption, risk management, and customer privacy; o Climate change - green buildings and operations; o Quality of product and services, including customer satisfaction; o Occupational health and safety; o Employment and training; and o Other sustainability-related workstreams SUSTAINABILITY GOVERNANCE The four-tier sustainability governance structure begins at the top with the Board, which is ultimately responsible for the Company’s sustainability reporting. The Board maintains oversight on the business affairs and strategic directions of the Group as well as determining the material ESG topics pertinent to the Group’s business on an annual basis. The Board, supported by the RMSC, ensures an appropriate focus on sustainability. The RMSC oversees the ESG Management Committee, comprising senior management personnel who formulate and supervise policies and initiatives related to Yanlord’s material ESG topics. With the support of the ESG Task Force, specific sustainability practices are shared across departments and communicated to stakeholders. Progress updates on the Sustainability Report 2024 were presented to RMSC and the Board for their consideration and approval. These updates include details of the 12 material ESG topics pertinent to the Group’s business for FY 2024. SUSTAINABILITY GOVERNANCE STRUCTURE BOARD ESG MANAGEMENT COMMITTEE ESG TASK FORCE RMSC Contents Introduction Approach to Sustainability Upholding Good Governance Caring for Our Customers Empowering Our People Preserving Our Planet Creating Shared Value for Our Society GRI Content Index 9 Yanlord Land Group Limited Sustainability Report 2024
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