Mega Financial Holding Co Ltd

Lobbying Transparency and Governance

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Direct Lobbying Transparency
Overall Assessment Comment Score
Strong Mega Financial Holding provides a high level of detail about its climate-policy lobbying. It identifies several concrete policies it has engaged on, including the amendment of the "Greenhouse Gas Reduction and Management Act" (renamed the "Climate Change Response Act"), the "Financial Supervisory Commission Promotes Green Action Plan 3.0," and the "Renewable Energy Development Act," all within Taiwan’s legislative framework. The company also describes multiple, clearly identifiable channels through which it attempts to shape these measures: membership in the "Coalition of Movers and Shakers on Sustainable Finance," participation in the Ministry of Finance’s "MOF ESG Initiative Platform," attendance at MOF-organised business seminars, and active representation on the Banking Association task force created at the request of the Financial Supervisory Commission. These disclosures name the specific government bodies they interact with—the Ministry of Finance and the Financial Supervisory Commission—demonstrating who the company seeks to influence and how. On intended outcomes, the firm explains that its work on the Banking Association task force helped produce the "Practical Guidelines for Climate Risk Management in Domestic Banks" and the "Planning for Climate Change Scenario Analysis in Domestic Banks," and it states its position of "support with no exceptions" for the national net-zero framework. While most of its stated goals remain broad—such as backing Taiwan’s 2050 net-zero target and supporting renewable energy expansion—the explicit description of these two banking-sector guidelines gives useful insight into the specific results it hopes to achieve. Altogether, the disclosures show strong transparency on the policies addressed and the mechanisms used, and reasonably clear—though less detailed—explanation of the outcomes the company is pursuing. 3
Lobbying Governance
Overall Assessment Comment Score
Limited Mega Financial Holding provides only high-level signals of lobbying governance. It confirms that it has “a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement”, and reports that the Board-established “Ethical Management Committee” made up of independent directors "supervise[s] the planning and implementation of the CSR and ethical corporate management" while the company’s “Principles for Ethical Management” and related guidelines prohibit "providing illegal political contributions" and require annual reporting to the Board. The Group also notes it "has actively participated in activities and committees of trade associations … [and] propose[s] recommendations for government policies through the trade associations". Nevertheless, the company does not disclose any concrete process for reviewing or aligning either its direct lobbying or its trade-association positions with its climate strategy, nor does it identify a specific individual or committee tasked with monitoring lobbying alignment; we found no references to trade-association audits, escalation procedures, or decisions to correct or exit misaligned bodies. This indicates only a limited governance framework for climate-related lobbying. 1