|
Climate Governance |
The latest “Global Risk Report” published by the World Economic Forum indicates tha environmental risks will account for half of the world's top 10 risks in the next 10 years, including: "extreme weather events", "tremendous changes in the earth system" and "biodiversity loss and ecosystem collapse",etc. Climate change has inevitably affected the daily life and economic activities of the human beings. As a corporate citizen, we continue improving the corporate resilience to overcome the challenges in the climate issues and build a low-carbon and sustainable homeland. In order to establish a more complete climate change risk management mechanism, the Company refers to the “Task Force on Climate-related Financial Disclosures”(TCFD) published by the Financial Stability Board (FSB) as a framework for the management of climate change issues and the disclosure of related information, and for further description of the management mechanism, the countermeasures adopted, and their implementation.
To effectively address climate change-related issues, our company has established the Sustainability Committee as the highest governing organization for climate change management. Through bi-directional interaction between the management level and various departments, we ensure the implementation of climate governance and operational systems within the company. The Sustainability Division takes charge of understanding stakeholder requirements and trends related to climate issues, and regularly conducts climate risk assessment and management in collaboration with relevant departments. Meanwhile, strategies and goals are formulated, and actions taken are reported to senior management for approval and confirmation. The Sustainability Committee reports to the Board of Directors on the following topics every quarter:
(1) Risk management related to climate change
(2) Greenhouse gas inventory progress and verification results
(3) Related action plans and implementation results. Board members borrow this enables us to understand the progress of climate change mitigation efforts and provide timely suggestions and feedback. The last report was presented on October 26th, 2023.
