SUSTAINABILITY GOVERNANCE

At UG Healthcare, our sustainability goal is to make a positive difference and progress together with our prioritised stakeholders – customers, employees, business partners, and the communities where we operate. We believe that our sustainability strategy to embrace EESG areas, such as labour practices and societal responsibilities, represents a holistic approach that emphasises inclusivity and contingency planning, which serves as the foundation of our organisational culture.

The Board and management, through this sustainability approach, foster sustainable values throughout the organisation and communicate these values to our external stakeholders. We believe that addressing the EESG impacts internally will help us manage the risks and opportunities inherent in our business, thereby generating stable and sustainable value for our stakeholders.

To enhance our Group’s commitment to sustainability, we have implemented the Sustainability Reporting Policy, which establishes a framework for our sustainability reporting. The Board remained aware of the increasing concerns surrounding climate-related issues and sustainability through continuous training and education.

The Group’s Sustainability Committee (“SC”) comprises key management executives responsible for overseeing various departments within the organisation. The SC is overseen by the Group’s Joint Chief Executive Officers, who report to the Board for advice and guidance. The SC, will be informed of any sustainability concerns pertaining to the Group’s risks and prospects, would investigate these reported concerns before relaying their findings to the Board. The Board effectively monitors the SC by assessing and evaluating the relevance of practices implemented to address potential sustainability challenges. Additionally, the Board would take into account these findings when formulating strategies and policies aimed at better managing future sustainability challenges. This approach ensures that all EESG and climate-related matters material to the business are adequately considered and addressed.

While the Board’s responsibility is to review and deliberate on the sustainability concerns, the SC holds the responsibility to ensure that the EESG factors and climate-related matters are monitored on an ongoing basis and properly managed. The SC is tasked with reviewing the Group’s sustainability performance and identifying material topics. It analyses climate-related risks and opportunities, addresses stakeholder concerns, and sets targets and goals for material factors. Additionally, the SC establishes systems to collect, verify, monitor, and report the information required for sustainability reporting. The SC meets at least once a year to discuss, propose, coordinate, and promote the Group’s sustainability practices.

We believe that the Group’s ethos, along with our conscientious efforts to manage our businesses responsibly, demonstrates our appreciation for the trust and support of our stakeholders, thereby safeguarding their interests.

Please refer to the Sustainability Report in the Company’s latest annual report for more details.