Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…] (1). Through the Board of Directors, Risk Management Committee, and monthly risk management meetings:
The Board of Directors has ultimate responsibility for the company's overall risk management. To manage risk-related issues effectively, Risk Management Committee, which shall have at least 2 independent directors, is set up under the Board of Directors. The Committee is responsible for supervising the operations of the market, credit, and operational risk management mechanism, reviewing the risk management system, and mastering risk measurement methods and large risk exposure. Duties of the Committee mainly include the reviews of risk management policies, annual risk appetites or limits, periodic risk management integration reports, and the review or review of major risk management matters stipulated by other companies or competent authorities.
(2). Through CSR Committee:
For the sustainable risk evaluation by top management, President of Taishin FHC serves as Chairman of the CSR Committee while CFO and the President of Taishin Bank both serve as the Vice Chairman. The annual CSR Report or major plans, including issues related to climate change, is executed to report to the Board of Directors. The executive committee members are also invited to participate in regular Board Meetings, during which they may communicate with the board on CSR related issues..
(3). Through Green Operations Team and Environmental Sustainability Committee: In addition to creating a "Green Operations Team† under the CSR Committee, Taishin also assembled an "Environmental Sustainability Committee† in accordance with ISO 14001 and ISO 50001 that the head of Administration & Services Division serves as the convener. Responsibilities of the Committee are to assess and manage climate-related issues and provide resources relevant to maintaining the environment and energy management systems. The Environmental Sustainability Committee regularly reviews the appropriateness of existing environmental sustainability policies and monitors changes in environmental/energy performance and relevant indicators. Moreover, we are well-prepared to respond to potential emergency situations or climate-related issues through implementing action plans to manage our energy and the environment performances.