Sustainable Enterprise Blueprint
Sustainable Development Management Framework
In sustainable development management framework, the “Corporate Governance and Nomination Committee” is the supreme guidance unit of sustainable development. Such committee consists of at least three directors elected by the Board of Directors, the majority of which are independent directors. In addition, there is also an “ESG Team”, which would hold meetings quarterly. The Vice Chairman is the convener of ESG Team, and the Strategy and Operations Department is the integration unit, which is responsible for formulating and reviewing ESG policy, system and management policies, integrating and planning ESG activities of the whole bank in collaboration with various other departments of the Headquarters. Besides, submit execution results and future work plan, etc. of sustainable development to the “Corporate Governance and Nomination Committee” for discussion, and then report to the Board of Directors, and make adjustment as advised by the Board of Directors.
In 2022, the Company held total 4 "ESG Team Meetings", and submitted the execution plan and results to the "Corporate Governance and Nomination Committee" for discussion on February 21, 2022 and August 15, 2022, and then reported to the Board of Directors, to review important ESG strategies, topics and key events of the Company, and make resolution on subsequent management policies. Contents of proposal are as follows: revision to Code of Practice for Sustainable Development, Analysis of Major Issues’ Communication with the Stakeholders, Execution Condition of Sustainable Development in 2021, Sustainable Development Plan in 2022, Execution Condition of Sustainable Development in the First Half of 2022, Financial Disclosure Report of Climate Risks, and Greenhouse Gas Inventory and Verification Plan. The above contents are consented and passed by all members of the Corporate Governance and Nomination Committee and all participating directors of the Board of Directors. "Sustainable operation" is combined with daily business to promote development of various ESG aspects, and improve efficiency of the enterprise in executing sustainable development.
Respond to the UN Sustainable Development Goals
The United Nations proposed global sustainable development goals (SDGs) in 2015 as the guideline for sustainable development action, the Sustainable Development Committee in Taiwan also formulated Taiwan sustainable development goals (T-SDGs) in accordance with local development demand, and promoted cooperation and efforts of the international, government, agencies and organizations and every person by focusing on People, Planet, Prosperity, Peace and Partnership, thus being able to eradicate extreme poverty and hunger and realize a peaceful society with dignity, justice and inclusiveness by 2030. When focusing on sustainable strategy, KTB included UN sustainable development (SDGs) and Taiwan sustainable development goals (T-SDGs) into decisions on development strategy and core business, and practiced its core concept of "take from society, give back to society", so as to fulfill due responsibilities as an international citizen.
For KTB's sustainable development strategies, the actions taken in line with SDGs and T-SDGs are as follows:
