Sustainable Enterprise Blueprint
Sustainable Enterprise Blueprint Strategy and Management
Corporate sustainable development is our goal of moving forward continuously. Apart from insisting on prudent management in the finance industry, we have also been contemplating on: how to fulfill the social responsibility of an enterprise? H ow to deliver resources to the people in need? How to exert our influence on the positive development of the whole society? For this purpose, KTB formulated “Sustainable Development Best Practice Principles” passed by the Board of Directors in reference to “Sustainable Development Best Practice Principles for TWSE/TPEx Listed Companies” of Taiwan Stock Exchange Corporation, “UN Global Compact” and so on, and also set "Sustainable Development and Nomination Committee" affiliated to the Board of Directors as the supreme guidance unit of sustainable development, under which "ESG Task Force" (Also known as ESG Team) served as ESG promotion unit, and then established KTB's list of materiality principles in "governance," "society," and "environment" by virtue of organized operation and strategic planning, evaluated risks and opportunities of various topics under discussion, and studied and drew up corresponding management strategies and action plans, to reduce the impact and influence.
Sustainable Development Management Framework
In sustainable development management framework, the "Sustainable Development 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 Task Force“, 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 "Sustainable Development and Nomination Committee" for discussion, and then report to the Board of Directors, and make adjustment as advised by the Board of Directors. In 2023, the Company held total 4 "ESG Team Meetings," and submitted the execution plan and results to the "Sustainable Development and Nomination Committee" for discussion on February 20, 2023 and August 14, 2023, 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 2022, Sustainable Development Plan in 2023, Execution Condition of Sustainable Development in the First Half of 2023, 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 Sustainable Development 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:
