In 2021, in accordance with the Company's Corporate Governance Best Practice Principles, we established a functional committee under the BOD, named the "Corporate Sustainable Development Committee." Subsequently, we developed the Organizational Regulations of the Corporate Sustainable Development Committee, the Sustainable Development Best Practice Principles, the Sustainability Report Preparation and Reporting Management Guidelines, and the Corporate Sustainable Development Committee Performance Self-assessment Questionnaire.
2024 Key Reinforcements in the Company's Sustainable Governance
| 1 | 2 | 3 |
|---|---|---|
| Established the "ESG Sustainability Office," led by the Chief Sustainability Officer (who concurrently serves as the Chief Financial Officer) and the Deputy Sustainability Officer (who concurrently serves as the highest-ranking official of the Administrative Management Department, the Chief Human Resources Officer). | Formulated the Internal Control Procedure for Sustainability Information Management to strengthen internal control over sustainability information. This serves as a foundational step for short-term alignment with IFRS S1 and was approved by the Audit Committee, Corporate Sustainable Development Committee, and the BOD on November 6. | Established the Corporate Sustainability Strategy Blueprint to outline Chicony's long-term sustainability roadmap and enhance overall strategic planning. Please refer to the Chicony Sustainability Strategy Blueprint for details . |
Sustainable Management Framework
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1. Board of Directors
The highest level of sustainable governance within the Company encompasses multiple functional committees and business units that report on various ESG issues at each board meeting. These issues include corporate governance, financial management, industry strategy, greenhouse gas emissions, climate change, ethical corporate management, information security, and employee compensation. -
2. Corporate Sustainable Development Committee
Since its establishment in 2021, the committee has convened once a year. Starting from 2024, to strengthen the operation of sustainability issues, it met twice a year. The content and results of the meetings are reported to the BOD. The content of the 2024 report encompasses the progress of various sustainability projects. -
3. ESG Sustainability Office
In 2024, the "ESG Sustainability Office" was established as the dedicated unit responsible for promoting sustainability issues, directly reporting to the Corporate Sustainable Development Committee. The Chief Governance Officer serves as the Chief Sustainability Officer, and the Executive of the Administration Department serves as the Vice Chief Sustainability Officer. Every six months, the office reports the progress of various sustainability projects and future plans to the Corporate Sustainable Development Committee.
2024
Corporate Sustainable Development Committee Discussion Issues
2023
It reports quarterly on GHG, climate change, and nature-related issues to the BOD. The proposals are consolidated and reviewed by the Corporate Sustainable Development Committee, and the annual sustainability report is presented at the first Corporate Sustainability Development Committee meeting.
