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| Overall Assessment |
Comment |
Score |
| Moderate |
O-Bank provides a moderate level of transparency around its climate-policy engagement. It explicitly identifies the key measures it supports, naming the “Taiwan 2050 Net Zero Emissions” policy and the “Climate Change Response Act,” and refers to alignment with the Paris Agreement, giving readers a clear sense of the public-policy agenda it seeks to advance. The bank also describes how it undertakes this engagement, citing mechanisms such as participation in trade associations that are vetted by its Corporate Sustainability and Communications Division and approved by the CEO and Chair, although it does not specify which government bodies or individual officials these channels ultimately target. On objectives, O-Bank states that it seeks to “promot[e] policies and regulations related to sustainable finance,” ensure consistency with the Paris Agreement, encourage counterparties’ “carbon reduction efforts” and “setting science-based targets,” and pledges that it will not lobby against climate regulations, thereby making its desired policy direction and red lines reasonably clear even if precise legislative amendments are not detailed.
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2
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| Overall Assessment |
Comment |
Score |
| Comprehensive |
O-Bank Co Ltd demonstrates a comprehensive governance process for climate lobbying, with clear mechanisms for oversight, monitoring, and alignment with climate-related goals. The company explicitly states that "lobbying or advocacy activities that the Bank intends to participate in, as well as trade associations the Bank intends to join, must be evaluated according to the governance framework and management processes below," ensuring alignment with the Paris Agreement. The Corporate Sustainability and Communications Division is tasked with convening the Bank's highest supervisory officers to review lobbying activities, which are then submitted for approval by the CEO and Chairperson. Furthermore, O-Bank commits to engaging with trade associations to ensure their climate change policies align with the Paris Agreement, stating that "when the climate change policy stance of lobbying or advocacy activities and trade associations is inconsistent with the Bank's public commitment to the Paris Agreement, the Bank will engage through its appointed representatives." The company also discloses its governance structure, including the Sustainability Committee under the Board of Directors, which "is responsible for reviewing climate change development strategies, supervising annual plans and the achievement of various goals." Additionally, the Risk Management Committee, chaired by the Bank's Chairperson, reviews climate risk-related issues and reports annually to the Board of Directors. O-Bank publishes a Sustainability Report that discloses information on its participation in policy lobbying and advocacy activities, including the organizations involved, their stance on climate change, and the value of donations. This indicates a robust governance framework that encompasses both direct and indirect lobbying activities, with clear monitoring mechanisms, accountability structures, and public transparency in place.
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4
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