Minor International Public Company Limited

Our efforts to embed sustainability in all business units receive strong support from the Board of Directors and senior management. The sustainability strategy is built on the foundation of our vision, Core Values, business strategy, dynamic stakeholder engagement, as well as existing and emerging sustainability trends and risks/ opportunities. The Board endorses Minor long-term sustainability goals and rolling 3-Year Sustainability Strategy, which is presented annually, and reviews progress quarterly.

Sustainability and Risk Management Oversight Committee is established to oversee the Sustainability Committee and the Risk, Control & Compliance Committee. The committee consists of a minimum of three members of Board of Directors, with the role to assist the Board in its oversight of the company’s strategic activities, policies and practices for sustainability and management of key risks, including strategic, operational risks, and climate-related risks, as well as the guidelines, policies, and processes for monitoring and mitigating such risks. This includes identifying opportunities that may arise from such risks.

Minor’s Sustainability Committee was established to oversee development and implementation of sustainability strategy. The Committee is attended by C-Suite Officers and senior management of relevant functions from all business groups, and the Corporate Sustainability Department and meets quarterly to discuss implementation plans, review progress towards sustainability goals, and provide necessary resources. The Corporate Sustainability Department is responsible for developing, updating, and executing company’s sustainability strategy. The team consults with senior management of all business units and works closely with all business units to embed sustainability and ensure our sustainability initiatives and practices are aligned with company’s overall strategic direction. The team also facilitates by monitoring and communicating progress of our sustainability initiatives and practices.

The Risk, Control & Compliance Committee meets at least quarterly. The Committee has the responsibility for reviewing overall implementation of risk management across the group to assure that key risks are effectively identified and managed. This includes climate-related risks and opportunities.

The CEO's and CFO's of each business units are responsible for identifying risks, monitoring, and implementing risk management measures. The business units are risk owners and have primary responsibility to promote risk awareness within their operations and effectively managing risks on a day-to-day basis. Furthermore, the business units are also responsible for identifying their own risk appetite and risk tolerant within their operations and aligning with the broader risk appetite cascaded down to them.