{"id":334,"date":"2020-10-20T08:03:48","date_gmt":"2020-10-20T08:03:48","guid":{"rendered":"https:\/\/bc.group\/?page_id=334"},"modified":"2024-01-26T11:36:48","modified_gmt":"2024-01-26T03:36:48","slug":"enviromental-social-governance","status":"publish","type":"page","link":"https:\/\/group.osl.com\/enviromental-social-governance\/","title":{"rendered":"Environmental Social Governance"},"content":{"rendered":"\n
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ENVIRONMENTAL SOCIAL GOVERNANCE<\/h1>\n\t\t\n\n\n

OSL Group ESG Overview<\/em><\/strong><\/p>\n\n\n\n

The Group believes that sustainable business practices are integral to the creation of long-term value to society. It is committed to being a good corporate citizen and bringing value to its stakeholders through the integration of environmental, social and governance (ESG) considerations in its business practices.<\/p>\n\n\n\n

Our sustainability reporting follows the Environmental, Social and Governance Reporting Guide of The Stock Exchange of Hong Kong (\u201cESG Reporting Guide<\/strong>\u201d).<\/p>\n\n\n\n

We shepherd the resources and relationships we rely on to create and protect values for our stakeholders. In particular, the Group aims to be carbon neutral, and neutrality will initially be achieved by purchasing carbon offsets that are blockchain or distributed ledger technology based instruments,<\/ins> in line with the Group\u2019s industry positioning.<\/p>\n\n\n\n

As a leading player in a fast-moving space, we are positioned to shape the industry\u2019s future. We recognize our responsibilities to our stakeholders and the importance of leading by example in a space where sustainability practices are relatively nascent. We are also excited at the opportunities for bringing innovation, digitization and blockchain technology into the ESG realm.<\/p>\n\n\n\n

We communicate our approach and strategy on sustainable business practices to our key stakeholders through daily business operations, such as regular meetings, the company website, social media platforms, training, emails and other activities. Our key stakeholders include shareholders, potential investors, government agencies and regulators, counterparties, liquidity providers, customers, employees, industry groups and communities.<\/p>\n\n\n\n

We take an active approach to identify and create ESG values and integrate them into our policies and systems, including our daily business behavior and operating practices.<\/strong><\/p>\n\n\n\n

Reporting Framework and Scope<\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n

The ESG content on our website, in combination with our financial reports, serves as a record of our main ESG initiatives and performance, focusing on areas that are material to our business and stakeholders.<\/p>\n\n\n\n

Our ESG reporting follows the ESG Reporting Guide, and also draws on the guidelines and principles of the Sustainable Accounting Standards Board (SASB).<\/p>\n\n\n\n

The Group is committed to supporting good environmental standards and to ensure implementation of environmentally friendly measures. Our environmental and safety data has been calculated in accordance with industry standards by external consultants. We also report on social performance, including employment practices and diversity statistics.<\/em><\/strong><\/p>\n\n\n\n

ESG Governance<\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n

The Board is responsible for the development of our long-term corporate strategies and values. In doing so, it considers the needs and requirements of the business, its stakeholders and the Corporate Governance Code and ESG Reporting Guide.<\/p>\n\n\n\n

The Board has overall responsibility for, and is engaged in, our ESG strategy and reporting, including evaluating and determining ESG-related risks, and ensuring appropriate and effective ESG risk management and internal control systems are in place. The senior management team provides confirmation to the Board of the effectiveness of these systems.<\/p>\n\n\n\n

In order to further develop the Group\u2019s ESG approach and strategies, an ESG Committee was constituted in mid-2020 under the sponsorship of the Group\u2019s Chief Executive Officer. The ESG Committee comprises employees from different departments and seniority levels in the Group who bring diverse ideas. Its objectives are to develop ESG-related initiatives and products, and support, drive and enhance the Group\u2019s communication and implementation of such initiatives. <\/p>\n\n\n\n

The ESG Committee is currently developing, among other initiatives, a strategy for the Group to reach its carbon neutral goal, which involves  ESG solutions that utilize distributed ledger technology and\/or blockchain. It is also formulating an ESG strategy and engagement plan, which aligns with the Group\u2019s industry positioning in the digital asset and blockchain space.<\/p>\n\n\n\n

O<\/a>ur Risk Management Committee, reporting to the Board, is responsible for assessing and enhancing the Group\u2019s risk management, as well as ESG and corporate governance policies, strategies and performance. <\/p>\n\n\n\n

The Chief Executive Officer is delegated responsibility by the Board for executing our corporate sustainability strategy and initiatives. In turn, his direct reports across the Group have functional responsibility for sustainable business practice in specific areas, most notably our Chief Operating Officer and the senior managers of our subsidiary companies and divisions.<\/p>\n\n\n\n

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Materiality<\/em><\/strong><\/p>\n\n\n\n

A materiality assessment was conducted in 2019 in accordance with the expectations and feedback from some stakeholders. Based on the results of the materiality assessment, the management of the Group identified security controls over digital assets and blockchain related technology, employee benefits and engagement, and protection of customer data and privacy as key aspects of its long-term sustainability. Effective risk management and internal control systems on these aspects are engineered\u00a0with the aim of enhancing efficiency of operations and generating environmental and social benefits for stakeholders.<\/p>\n\n\n\n

CSR<\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n

The Group has published the following documents to guide our actions and improve our performance in areas of Corporate Social Responsibility through company policies and guidelines, including:<\/p>\n\n\n\n