Risk Management Policy:
Operational risk assessment :
Stakeholder and Issue Verification Process :
Communication Channels, Frequency and Concerned Issues for Stakeholder:
Significant Topics and Aspect Boundaries:
Climate Change Management:
Each year, the Company establishes management plans on material themes, and conducts rolling follow-up and review on execution effectiveness in Sustainable Development Committee. Extreme
weather has become more frequent in recent years. It indicates that risks from global warming are imminent. Consequently, governments around the world are increasingly emphasizing climate change issues. Through amendments of respective country’s regional regulations, businesses are strongly urged to incorporate climate change issues into company operation management. In addition toverification of operation risks incurred from climate change, the Company also takes references from“ Task Force on Climate-Related Financial Disclosures” (TCFD) published by Financial Stability Board (FSB) and incorporates four core disclosures of “ governance” , “ strategy” , “ risk management” and“ indicator and goal” into operation management. The Company also disclosed its governance performance in sustainability report hoping that stakeholders understand impact from climate change related risks and opportunities to Formosan Union Chemical Corporation as well as related responding measures.