Focus 1: Resilience for Climate Change In recent years, the Group has recognised the influence of climate change on our operations and stakeholders. Consequently, we have started to embed climate change and sustainability factors into our decision-making processes. To enhance accountability and transparency, we have strengthened our climate-related disclosures by illustrating our assessment of climate-related risks and opportunities and outlining strategies to manage their potential impact on our business strategy and financial planning. Impact of Climate Change on Our Business GRI 201-2 The energy sector and society at large face considerable challenges in the wake of climate change and the global energy transition. The Group continues to assess the associated risks and opportunities and strives to forge a resilient path for its business through the energy transition. The Group will progressively enhance our climate-related disclosures and adopt the IFRS S2 standards with reference to SGX’s phased approach. Climate Governance Board Oversight Climate risks and opportunities are discussed by senior management who meet annually to review the process for identifying, assessing and managing these climate risks and opportunities. In addition to the identified risks and opportunities, the Management has articulated its risk mitigation plans and strategies, which were presented to the Board. The Board will discuss the impacts of climaterelated risks and opportunities (CRROs) on key strategies, major transactions and risk management processes as appropriate, and will consider any trade-offs related to new response measures when relevant. ENVIRONMENTAL Rex International Holding Limited 71
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