The Board of Directors holds the final accountability for the governance of climate-related risks. It is responsible for the approval and supervision of the risk management framework and policies related to climate-related risks. Senior management is in charge of the promotion of the management mechanism of climate-related risks, establishing management processes, and regularly reporting to the Board of Directors on the management of climate-related risks.
In 2024, we developed customized training courses for senior management, and the contents included international climate change trends and challenges, Science Based Targets initiative (SBTi), Taskforce on Climaterelated Financial Disclosures (TNFD) and so on for them to be equipped with sufficient and appropriate capabilities to face climate-related risks and make the best decisions. Starting from 2024, online environmental education courses are available in the E-Learning mechanism, and the contents of the courses include climate change risk management,sustainable finance and environmental education, Green Finance Action solutions, etc. to facilitate our staff’s understanding of sustainability-related topics and enhance their climate risk awareness through course training, so asto effectively implement relevant risk control measures.
Climate Change
Strategies
We comprehensively considered both internal and external environments related to climate change risks and opportunities, and formulated climate-related risk and opportunity topics to be identified. Based on the evaluation results of “probability of occurrence”and“degree of impact,” we prioritized these topics to define material climate risk and opportunity events.
Flowchart for Chunghwa Post’s Climate-Related Risk and Opportunity Identification and Assessment Process
The plain text description is as follows:
Identify climate
context
Identify climate
scenarios
Identify potential
financial impacts
Prioritize
materiality
Identification of climate-related risks
Chunghwa Post identified the physical and transition risks of climate change risks and identified eight major climate risk events in total.
Major Risk Event
The plain text description is as follows:
Major Risk Event
Identification of climate-related opportunities
Chunghwa Post recognized that the transition toward a low carbon: economy involves climate risks but also brings opportunities in the process of climate change mitigation and adaptation, and identified four major climate opportunity events in total.
Opportunity Event
The plain text description is as follows:
Diversification
of the financial
markets
Turn to use
more efficient
buildings
Use low-carbon
energy/incentive
policy
Shift to
decentralized
energy
Indicator and Objective
The plain text description is as follows:
Indicator and Objective
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