Within the reporting period we re-organized our sustainability management structure. The Head of ESG was appointed in 2022 who leads a dedicated team working with the leadership of Alliance for the acceleration of ESG management and the full integration of sustainability into all business functions.

We established the Sustainability Committee that supports the Board of Directors with overseeing the sustainability management within Alliance. The Committee bridges the Board of Directors and the Risk Management Steering Committee that executes the Company’s sustainability policies, strategies, and targets. Ensuring that sustainability matters such as the risks and opportunities that impact the business, and the strategy and planning for addressing material sustainability aspects will have the highest level of attention. While the monitoring of the progress of all the determined strategic actions is also taken up by the Committee.

We reviewed thoroughly our ESG policies in 2022. In addition to the existing policies such as the OSH policy, environmental policy, and Code of Conduct, we issued new policies that include Climate Policy, Water Policy, Biodiversity Policy, Responsible Sourcing Policy, and Human Rights Policy in order to communicate more precisely our intention and commitment towards these material sustainability aspects. The sustainability management structure coupled with the ESG policies define the process for us to set purpose, duties to ensure fidelity to purpose, and standards for purpose to adhere to.

We continued our active engagement with stakeholders to develop a range of relationships that align around our purpose and to support its delivery. For example, we set up the Sai Tso Wan Liaison Group and invited major operators on Sai Tso Wan Road where our Tsing Yi Concrete Production Hub is located. This community liaison group provides a platform for discussing any community issues, it also enables us to listen to any concerns our neighboring communities may have.

Our sustainability performance is monitored at the highest level by the Sustainability Committee and the Board of Directors. Through the bi-annual Sustainability Report and the on-going stakeholder engagement we invite stakeholders to keep track of progress and performance of our sustainability management.