Strengthening Corporate Governance

Strengthening Corporate Governance


Upholding the operational principles of integrity and compliance, the Company guides its project companies with transparency and accountability in their establishment of comprehensive internal monitoring mechanisms as well as checks and balances. 

The Group has a dedicated Environmental, Social and Governance (ESG) Committee comprised of Board Members and senior management from critical business units. The Committee formulates ESG targets that covers the Group's different business units, and the ESG performance improvement are in correlation with the performance assessment and remuneration package of the responsible management.

The respective Committee shall oversee the management of the Company and its subsidiaries in sustainability matters, including but not limited to health and safety; environmental protection; operating practices; relationships with employees, customers and suppliers; biodiversity issues; and community engagement, as well as pursue innovative practices to promote the Group’s sustainable growth.
 

Stringent Risk Management

Faced with sizeable development and a diversifying business, the Company exercises prudence when formulating strategies and project execution plans by utilising a tried-and-true risk management system. The Company ensures the health of its operations through applying an independent, objective, scientific and stringent approach to its internal audit.
 
Towngas Smart Energy has set in place a multi-layer risk management structure to effectively identify, evaluate, mitigate, report and monitor major categories of risks for the Company and its subordinating project companies. The Company also manages its business operation processes in a way that enables the formulation of targeted solutions to problems, thereby lowering risks.
 

Adhering to Ethical Practices

At Towngas Smart Energy, we uphold strong business ethics. We recognize facilitation payments as bribes and will prohibit them with no tolerance. It is formulated within the Group’s anti-corruption training programme.

The Company has issued strict guidelines on its internal code of conduct and anti-fraud policy against bribery and corruption, conflicts of interests, insider trading, and acceptance of gifts and receptions. The Company has also established official channels for stakeholders to report suspected fraud or any other misconduct, and encourages its business partners to jointly uphold principles of business ethics by adhering to the Company's anti-fraud policy. For relevant guidelines and forms, please refer to the Anti-Fraud Policy, Whistleblowing Policy and Whistleblowing Report Template.