SHANGHAI ENVIRONMENT(SH:601200) Zheng Quan Zhi Xing·2025-08-27 16:41Core Viewpoint - The Shanghai Environment Group has established an ESG (Environmental, Social, and Governance) Committee under its board to enhance its governance structure and improve decision-making related to ESG matters [1][2]. Group 1: Committee Structure - The ESG Committee consists of three directors, with members nominated by the chairman, independent directors, or a third of the board [3][4]. - The committee will have a chairperson elected from its members and will operate for the same term as the board of directors [2][3]. - An ESG Executive Committee will be established to support the ESG Committee, comprising senior management and responsible for implementing ESG initiatives [2][3]. Group 2: Responsibilities - The main responsibilities of the ESG Committee include proposing ESG strategic goals, identifying sustainability-related risks and opportunities, and reviewing ESG-related disclosures [3][4]. - The committee is accountable to the board and must submit proposals for board review [4]. Group 3: Decision-Making Process - The ESG Executive Committee will prepare proposals for the ESG Committee, which will then discuss and submit results to the board [5][6]. - The ESG Committee is required to meet at least once a year, with meetings called by the chairperson or a majority of the members [6][7]. Group 4: Meeting Rules - Meetings can be held in person or via communication methods, and decisions require a majority vote from attending members [7][8]. - The committee must maintain confidentiality regarding discussed matters and ensure proper documentation of meeting records [7][8].