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In FY2020, we reorganised our sustainability governance structure to reflect our continued efforts towards integrating sustainability across our business practices. It also aims to enhance accountability of stakeholders at each level, increase overall awareness of sustainability and drive relevant efforts across our Group.
The four-tier sustainability governance structure begins at the top with the Board, which is ultimately responsible for Yanlord’s sustainability reporting. They maintain oversight on the business affairs and strategic directions of our Group as well as determining the material ESG topics pertinent to the Group’s business on an annual basis. The Board is supported by the Risk Management and Sustainability Committee which ensures there is an appropriate focus on sustainability by management. They oversee our ESG Management Committee which comprises members of senior management personnel who formulate and supervise the policies and initiatives relating to Yanlord’s material ESG topics. Together with our ESG Task Force, the respective sustainability practices will be cascaded across the respective departments and communicated to stakeholders. Our ESG Management Committee provides periodical updates on our Group’s sustainability performance in an upwards manner to our Risk Management and Sustainability Committee which will then present the information to the Board for their review and approval.