ESG

In July 2021, ViTrox's Board of Directors (“Board”) established the ESG Steering Committee (“ESC” or “Committee”) to serve as the highest level of authority in the planning and supervision of sustainability-related strategies, priorities and targets and facilitate the accomplishment of sustainability management policies and goals. As the leader of our sustainability governance, the Board considers the integration of ESG matters within the Group's business strategies, including the development and implementation of company strategies, business plans, major action plans and risk management. The Board plays a supervisory and guiding role in determining the likelihood of success of the strategies, regularly reviewing the improvement progress and guiding the management team to make adjustments as needed. The Board is also committed to keeping stakeholders informed and engaged on sustainability matters, including climate-related risks and opportunities, to effectively fulfill its ESG oversight role.

The ESC formation aims to create a seamless collaboration among our people to adapt our ESG strategies to each asset class while driving ownership and accountability across the Group. The Committee comprises ViTrox's senior management and is chaired by ViTrox's Managing Director/President/Group CEO who oversees the Committee's performance and reports the progress to the Board. While the senior management continues to set the Company on a growth trajectory, it remains equally focused on creating positive environmental and social impacts. The ESC updates the Board with the understanding and knowledge of sustainability matters, the Chairman of ESC reports to the Board on the Company's sustainable performance and plans as well as key issues and countermeasures that stakeholders are concerned about. Meanwhile, the ESG Working Group (“EWG”) supports ESC and the Board in integrating and implementing sustainability practices into their day-to-day operations. A snapshot of ViTrox's sustainability governance and their respective duties are presented below.

ViTrox believes that maintaining a good degree of communication and understanding with all the internal and external stakeholders involved is highly essential in our journey to be good corporate governance and a reputable sustainable business entity. Hence, the Group recognises the need to conduct a continuous dialogue and information sharing with relevant stakeholders in a timely, effective and transparent manner. The Board is mindful of consistently updating all stakeholders with the understanding and knowledge of sustainability matters to effectively discharge its role in ESG oversight, including climate-related risks and opportunities.