Improve and implement the company's ESG risk management system, and realize the whole-process risk management of internal and external ESG risk identification, assessment, mitigation and monitoring
Optimize the structure of the Board of Directors and its subordinate committees, and improve the level of diversity, independence and effectiveness of the Board of Directors
Prevent any corruption, bribery and fraud-related behavior
Improve cybersecurity as well as data protection and privacy to achieve zero cybersecurity threats and data breaches
The Board of Directors is the highest responsible and decision-making body and supervisory organization for the Company's ESG efforts, assuming overall ESG strategy development and reporting responsibilities.
The Board of Directors formulates high-level strategies for the Company's ESG work to support the sustainable development of the Company's business, and identifies ESG risks, formulates ESG-related objectives, policies and programs, and conducts ESG performance evaluation through delegating authorities to the Board's Remuneration and Performance Management Committee and the management's ESG Committee, Health,Safety and Environment (HSE) Management Committee, Information Technology Leadership (ITL) Group, and Ethics and Discipline Committee. In addition, the Board has authorized the dedicated person or designated directors of each function to coordinate ESG-related work and guide the implementation of ESG work in each implementation unit of the Company.
For more information about ESG Oversight of the Board of Directors of Bohao, please click "More" to learn more.
Bohao has established three lines of defense for risk prevention and control, including internal audit, management department, and various functional departments, and is committed to promoting full-process risk management for ESG risk identification, assessment, response, and monitoring. Since 2021, Bohao has gradually incorporated ESG into the Company's comprehensive risk management system, and the comprehensive risk management system has undergone three rounds of upgrades and has been progressively incorporating considerations of climate-related risks and opportunities.
Bohao has referenced international recognized frameworks such as the Committee of Sponsoring Organizations of the Treadway Commission (COSO) Enterprise Risk Management (ERM) framework, GRESB standards, Stock Exchange ESG reporting guidelines and international sustainability disclosure standards. Based on the industry characteristics of the Company, we have developed a list of 46 ESG risk factors that cover material ESG issues related to the Internet Data Center (IDC) industry, comprehensively covering ESG risk management through risk identification, assessment, response, and monitoring.