China Development Financial Holding Corp

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Direct Lobbying Transparency

Overall Assessment	Comment	Score
Strong	China Development Financial Holding Corp demonstrates a strong level of transparency in its climate-related lobbying disclosures. It identifies multiple specific policies it has engaged with, including the “Green Finance 3.0 Action Plan,” “Corporate Governance 3.0-Sustainable Development Blueprint,” and “Listed Company Sustainable Development Pathway Map” in Taiwan, and references its alignment with the “Green Finance Action Plan 2.0” and international initiatives like the UN-convened Net Zero Banking Alliance, Net Zero Asset Owner Alliance, and participation in PCAF. The company details its engagement mechanisms, describing how it conducts policy research and promotion through its membership in “The Bankers Association of the Republic of China” and by engaging directly with the competent authority of Taiwan’s financial sector, while also aligning with global standards such as PRI, PSI, and PRB. It clearly outlines the outcomes it seeks—supporting mandatory TCFD climate disclosures for TWSE and OTC-listed companies from 2023, achieving net-zero emissions for its own operations by 2030 and its full portfolio by 2045, phasing out financing for thermal coal and unconventional oil and gas projects by 2025 (and globally by 2040), and inventorying and disclosing financed emissions by 2025—all in alignment with the Paris Agreement and UN Sustainable Development Goals. This combination of detailed policy engagement, clearly named mechanisms, and specific, measurable outcomes reflects a high degree of transparency in its climate lobbying activities.	3

Lobbying Governance

Overall Assessment	Comment	Score
None	China Development Financial Holding Corp has not disclosed any governance process to ensure that its external engagement or lobbying activities are consistent with its climate commitments and net-zero emissions target. While the Board of Directors "adopted the 'Climate Risk Management Guidelines' in 2023" and the company's "Board of Directors and senior management have taken into account the identified climate-related risks" when formulating strategy, these measures pertain to risk management rather than lobbying governance. The Sustainability Committee, renamed from the CSR Committee and "charged with setting guidelines on climate governance," and the establishment of the "Task Force on Climate-Related Financial Disclosures (TCFD)" demonstrate a focus on sustainability strategy and disclosure, but the company does not disclose any mechanism for reviewing or managing direct or indirect lobbying or any named individual or formal body overseeing lobbying alignment. We found no evidence of a climate-lobbying review process, sign-off requirement, or published audit to ensure that its external engagement activities align with the "goals of the Paris Agreement" or its commitment to "achieving net-zero emissions by 2045."	0