Asia Cement Corp

In order to achieve the concept of sustainable management, we established a Corporate Sustainability Committee in 2023 through the approval of the Board of Directors, which is responsible for supervising and making decisions on corporate sustainability related matters, and shall hold at least two meetings annually and report to the Board of Directors. The Board of Directors annually advises the Corporate Sustainability Committee on the Company's environmental, social and governance related issues, and tracks and reviews annual completion to monitor corporate sustainability. [...] In order to promote the implementation of sustainable development work more effectively, we have also set up a Corporate Sustainability Implementation Committee. The Company's CEO is served as the chairman of the committee and the director of secretariat of administration department is served as the executive secretary of the committee. For different ESG issues, implementation groups and conveners are set up to coordinate the implementation of sustainability issues and regularly report work objectives and implementation progress to the members of the Sustainability Committee to ensure the smooth progress of the sustainability work.

1. Stating the supervision and governance of board directors and management on climate related risks and opportunities. Asia Cement's Board of Directors established a Sustainability Committee with five directors in which one independent director took the position of the convener. The Company also established a Sustainability Promotion Committee underneath the President and formed an ESG Promotion Team driving all departments to implement ESG issues. ESG Promotion Team reports to Sustainability Promotion Committee on the quarterly basis and Sustainability Promotion Committee reports to Sustainability Committee every six months about ESG related results. Sustainability Promotion Committee is responsible of examining and guiding strategies, important action plans, risk management policies, annual budget and business plans, as well as setting business goals for the organization, monitoring the status of implementation, supervising important capital expenditures and putting climate related issues into consideration. Furthermore, through Board of Directors it checks the progress on reaching Asia Cement's goal of net-zero emission. Sustainability Promotion Committee is directly managed by the General Manager, it requests all production units and business units to evaluate climate change related risks and opportunities, especially the long-term impact to business operation caused by climate change, the impacts covering factory assets, manufacturing processes, raw material delivery, even laws and regulations and the change of consumers preferences. Sustainability Promotion Committee is also responsible of reviewing the risk management policy of the Company, examining the management report of significant risk issues. It is also in charge of the overall risk management matters including the integration and coordination of cross-departmental common risk management issues, promoting and communicating important risk management affairs, implementing and tracing all resolutions relating to risk management assigned by Sustainability Committee and drafting risk management report. It reports to Board of Directors and Sustainability Committee every six months.

In order to effectively boost sustainability, we established CSR Committee in 2014. The committee is chaired by the CEO of Asia Cement (China), and its secretary is served by Director of the Secretariat of the Administration Department. Seven core departments of the Company coordinate sustainability related tasks from the dimensions of economy, society and environment. Responsibilities of the CSR Committee Discuss, plan and promote the resolution of issues related to the Company's sustainable development to achieve sustainable development that balances corporate governance, society and environment. Main tasks of the CSR Committee are: Supervise and promote the sustainable development of subsidiaries Report sustainability progress to the Company's management Disclose the Company's performance in sustainable development to the public [...] While analyzing material topics for this report, we took into account our key tasks in 2022, trends of the industry, and feedback from stakeholders. Based on the survey of material topics in 2021, we included digital transformation in this report and adjusted the priority of some material topics. We conducted a cross-analysis from two dimensions, the degree of influence on stakeholders' evaluations and decisions, the degree of economic, environmental and social impact exerted by the Company, then used that analysis to form the matrix of material topics, which has been reviewed and adopted by the Board of Directors.

亞洲水泥承諾符合GCCA水泥及混凝土路徑圖,其倡議活動都將與限制全球氣溫上升1.5°C的目標保持一致,承諾並適用於所有子公司、業務領域和營運地區。亞洲水泥企業永續推行委員會負責執行與全球氣候變遷1.5°C目標一致之行業公協會之政策實踐,並每年追蹤其倡議活動以符合目標,企業永續委員會負責監督氣候變遷行業公協會之參與與目標達成確認。

In order to achieve the concept of sustainable management, we established a Corporate Sustainability Committee in 2023 through the approval of the Board of Directors, which is responsible for supervising and making decisions on corporate sustainability related matters, and shall hold at least two meetings annually and report to the Board of Directors. The Board of Directors annually advises the Corporate Sustainability Committee on the Company's environmental, social and governance related issues, and tracks and reviews annual completion to monitor corporate sustainability. [...] In order to promote the implementation of sustainable development work more effectively, we have also set up a Corporate Sustainability Implementation Committee. The Company's CEO is served as the chairman of the committee and the director of secretariat of administration department is served as the executive secretary of the committee. For different ESG issues, implementation groups and conveners are set up to coordinate the implementation of sustainability issues and regularly report work objectives and implementation progress to the members of the Sustainability Committee to ensure the smooth progress of the sustainability work.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes