Kunlun Energy Co Ltd

Lobbying Governance

AI Extracted Evidence Snippet Source

This Report is prepared by the Sustainability Committee, reviewed by the management and approved by the Board. [...] The Board of the Company takes the overall responsibility for ESG management strategy, supervision, and reporting. The Board regularly receives reports from the Sustainability Committee on material ESG issues for assessment and decision-making, and regularly reviews material ESG-related risks to ensure all risks are effectively managed and monitored. The Board also supervises regular communication with stakeholders and determines materiality assessment, in order to ensure our ESG priorities meet stakeholders' requirements and continuously improve ESG management. Regarding ESG targets related to the Company's business, the Board periodically reviews the target setting and implementation, tracks target progress and completion, to promote our ESG performance with higher standards and supervision measures, and strives toward the goal of becoming an internationally renowned and China's first-class integrated green energy provider. [...] Kunlun Energy has established the Sustainability Committee responsible for evaluating sustainable development and ESG work, assessing risks and opportunities, providing guidance for sustainable development and ESG visions, goals and strategies, and implementation of relevant work. The ESG reporting working group takes over the ESG work from the Sustainability Committee and implement ESG policy to various departments and affiliated units. The ESG reporting working group cooperates with various levels of work to achieve full coverage of ESG actions from the Board to various departments.

https://www.kunlun.com.hk/r/res/20230420184801774610696091_en.pdf