The Towngas Board of Directors, the highest governance body, has the overall responsibility of overseeing material ESG issues. The Board ESG Committee is responsible for managing and ensuring effective oversight of material ESG issues. Chaired by the Managing Director, the Board ESG Committee provides guidance to the Board on the management of all ESG-related matters within the Group.;
Under the Board ESG Committee, the ESG Steering Committee is formed by different functional heads, and is responsible for formulating relevant performance indicators to manage and enhance ESG performance with the support from the ESG Working Committee to integrate ESG initiatives into the Group’s business operations. On the Chinese mainland, the ESG Steering Committee consists of representatives from major business units to promote an ESG culture and implement ESG work in project companies.
The Group ESG Department reports to, discusses with and seeks approval of the Board ESG Committee on existing and new projects. It is responsible for implementing the Group’s ESG strategy, improving ESG disclosures and identifying areas for improvement. It also monitors ESG trends and works closely with various stakeholder groups on ESG development.
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