HUTCHISON PORT HOLDINGS TRUST 28 SUSTAINABILITY REPORT Roles and Responsibilities at Each Sustainability Governance Level Board of Directors • Has ultimate accountability for the sustainability strategy of HPH Trust, as well as its management, performance and reporting, with the support of the Sustainability Committee and the Audit Committee • Oversees sustainability strategy formulation, risk management and performance, including the promotion of sustainable value creation in the best interests of the Trust with due regard to sustainability considerations Sustainability Committee • A Board-level sub-committee comprising five Directors, including three Independent Non-executive Directors. The terms of reference of the Sustainability Committee can be found on the HPH Trust corporate website at https://www.hphtrust.com/corporate_governance.html • Oversees the management of, and advises the Board on, the development and implementation of the Trust’s corporate social responsibility and sustainability initiatives • Reviews the sustainability reporting process, and related policies and practices • Assesses and makes recommendations on matters concerning the sustainability development and related risks • Meets at least twice a year Audit Committee • A Board-level sub-committee comprising three Independent Non-executive Directors. The terms of reference of the Audit Committee can be found on the HPH Trust corporate website at https://www.hphtrust.com/corporate_governance.html • Assists the Board in discharging its responsibility to HPH Trust to safeguard assets, maintain adequate accounting records, uphold the integrity of the financial statements, and develop and maintain effective risk management and internal control systems • Reviews the policies and practices of the Trust in relation to corporate governance, including compliance with legal and regulatory requirements, according to the Audit Committee’s terms of reference • Meets at least four times a year Sustainability Working Group • A management-level working group comprising senior management members, including the Chief Executive Officer (“CEO”) and Chief Financial Officer (“CFO”), and also Managing Directors of major business divisions, Heads of Commercial, Operations, Engineering and Human Resources, and selected relevant staff members of the Trustee-Manager • The CEO and CFO report directly to the Board (including the Sustainability Committee and the Audit Committee) on all sustainability issues, strategy implementation, and relevant sustainability risks and opportunities • Ensures sustainability factors are monitored on an ongoing basis and properly managed, reviews the Trust’s sustainability practices, formulates the sustainability approach, leads efforts in setting short- and long-term strategies, sets targets and monitors performance towards them, and keeps abreast of emerging sustainability issues and trends that could impact HPH Trust’s business operations and financial performance • Meets at least twice a year Business units, departments, work groups and individuals • Collectively responsible for contributing to sustainability performance • Assess and mitigate internal control–related risks • Manage, implement and monitor the effectiveness of sustainability initiatives Internal Audit • Reports directly to the Audit Committee and provides independent assurance regarding the effectiveness of the risk management activities and controls of the Trust, including those related to sustainability reporting processes
RkJQdWJsaXNoZXIy NTM2MDQ5