As the concept of sustainable development is gaining increasing attention, environmental, social and corporate governance (ESG) issues, along with traditional financial performance indicators, begin to play a more important role in corporate evaluation. In this context, Far East Horizon officially established the Environmental, Social and Governance Committee (“ESG Committee”) under the Board of Directors on August 31 in response to the national policies in carbon neutrality, green finance and other aspects and for the company’s long-term sustainable development. The ESG Committee works to conduct research and give suggestions on the company’s ESG policies and practices.

Vision

The Stock Exchange of Hong Kong (HKEX) published new regulations in December 2019, requiring that the board of listed companies shall be mainly responsible for ESG decision-making and supervision. In response to the requirements of the HKEX, Far East Horizon established the ESG Committee under the Board of Directors, reflecting our focus on ESG and determination to systematically improve ESG management. This provides guarantees for smooth conduct of ESG work in the company.

In addition, the establishment of ESG Committee is highly consistent with Far East Horizon’s vision of “building an excellent company”. That helps include ESG matters into our strategic decision-making process, make ESG management more effective, and lay the foundation for the company’s sustainable development.

ESG Committee’s Responsibilities

The ESG Committee consists of three directors. The main responsibilities are to guide, review and design the company’s ESG policies, strategies, principles and visions in response to the call of the times; monitor the establishment and execution of ESG goals; identify ESG risks and opportunities ahead and evaluate their impact on the company.