ESG Governance
ESG Governance
GCL Technology has established a three-tier ESG governance framework-comprising the Board of Directors, management, and execution levels-in accordance with HKEX's ESG Reporting Code and leading international rating standards. Serving as the highest decision-making body, the Board and its ESG Committee oversee the Group's sustainability strategy through the Sustainability Management Committee. This structure ensures the formulation of long-term plans, regular evaluation, and effective implementation of ESG initiatives.
ESG Governance Structure
ESG Governance Structure and Responsibilities at Each Level
Board members
The Committee oversees and approves the ESG strategy, short, medium, and long-term ESG roadmaps, policy formulation, and implementation. It reviews key ESG issues of the Group and progress towards ESG goals. It also approves and identifies ESG risks and opportunities related to the Group's development.
Director: Joint CEO
Members: Leaders from key functional departments of the management center and heads of business segments
The Committee reviews the ESG strategy, short-, medium-,and long-term ESG roadmaps, goals, and policy systems.
The Committee leads and supervises the execution and implementation of the Group's ESG efforts.
The Committee also organizes and coordinates corporate resources and oversees the execution on the ground.
Top-down approach: The Center is authorized by the Management Committee to oversee and supervise specific execution, advancing the comprehensive work centered around the listed company.
Bottom-up approach: The Center facilitates the implementation of ESG tasks initiated by subsidiaries and reports to the Management Committee.
ESG actors from functional departments within the management center and ESG action groups from all bases.
The Task Force collaborates with the Sustainable Development Center to complete information disclosure, projectimplementation, and other tasks.
The Task Force focuses on ESG goals to ensure the achievement of ESG performance.
CEO Succession Planning Statement
To ensure the continued effective leadership of senior management and long-term value creation, the Company has established a CEO succession plan, which is regularly reviewed by the Nomination Committee and reported to the Board of Directors. The key elements of this plan include: building an internal talent pipeline, ensuring strategic alignment of succession candidates, leadership capability, risk management competency, and value fit. Assessment criteria encompass performance track record, strategic execution capability, industry experience, financial and operational management skills, and corporate governance and compliance standards. The Board reviews the implementation status of the plan on an annual basis, and discloses the plan framework and review summary to shareholders in the Corporate Governance Report.
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