1. Outline
Sinotruk (Hong Kong) Limited together with its subsidiaries (hereinafter referred to as "Sinotruk", "the Group") has always adhered to the strategy of responsible development and integrated "green and low-carbon" into its corporate genes. By referring to the guidelines of the Task Force on Climate-Related Financial Disclosures (TCFD) and the Climate Information Disclosure Guidelines of the Hong Kong Stock Exchange, and combining with the characteristics of our own business and operations, the Group establishes a climate change governance system, proactively identify and respond to various risks faced by the Group due to climate change, formulate special measures to deal with climate risks, and plan the low- carbon development path.
2. Applicability
The policy applies to the Group.
3. Climate Risk Governance
Sinotruks climate risk governance structure is based on the ESG work organization structure of the Group, which establishes a comprehensive climate governance system from the board of directors to member companies to promote the implementation of the Groups climate strategy and climate risk management-related affairs.
•The Board of Directors: take the highest responsibility for the Groups response to climate change, and approve the Groups climate change strategy and objectives;
•The ESG Management Group: comprehensively lead and manage the climate risk management work of the Group and member companies, regularly discuss climate change related issues and monitor climate risks, supervise and review the companys climate change response and the achievement of climate targets, regularly report to the board of directors and make suggestions to support the boards oversight and decision-making on climate change related issues;
•The ESG Working Group: responsible for coordinating the daily climate risk management and implementation of the company.
4. Climate Risk Identification and Management
Sinotruk regularly collects and identifies climate physical and transformation risks/opportunities that are affected by climate change on production and operation of the group, and conduct climate scenario analysis, evaluate the causes and the potential impacts on business performance of the climate risks/opportunities, prepares identification lists of climate risks/opportunities. According to the list of risks/opportunities, carries out qualitative and quantitative analysis of various risks, and conducts significant assessment and prioritization. On this basis, formulates corresponding countermeasures and strategies for climate risks and opportunities. Based on the results of regular risk assessment, Sinotruk has integrated climate risk management into the Group’s overall risk management system to systematically and scientifically manage climate risk.
5. Climate Action
Based on the risk identification and assessment results, Sinotruk has carried out actions at the three levels of strategic adjustment, mitigation and adaptation to fully cope with the impact of climate change.
6. Supplementary Provisions
Anything not covered in this policy, or contrary to the relevant laws, regulations, or normative documents of the Peoples Republic of China, should be implemented in accordance with the relevant laws, regulations, or normative documents of the Peoples Republic of China.
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