Status of Operations

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To effectively manage the risks arising from the operations of SinoPac Holdings and its subsidiaries, the Board of Directors serves as the highest supervisory unit in charge of approving the risk management policy and risk appetite or limit and giving the management authority for daily risk management. The Risk Management Division takes in charge of developing the risk management policies, guidelines, and systems for SinoPac Holdings and its subsidiaries. In addition to implementing the risk management policies, guidelines, and systems approved by the Board of Directors, the Risk Management Division is responsible to regularly evaluate the performance of SinoPac Holdings and its subsidiaries in terms of risk management.

 

Status of Operations:

In 2019:

  • To implement the roadmap for sustainable development and strengthen the ESG risk management mechanism, SinoPac Holdings incorporated emerging risks and climate risks into the overall risk management framework. It also formulated the Directions for Emerging Risk Management as a basis for identifying, measuring, monitoring, and reporting emerging risks and taking relevant countermeasures, to optimize the risk management mechanism.
  • Following Bank SinoPac, SinoPac Securities, SinoPac Securities Investment Trust, and SinoPac Leasing have introduced the operational risk self-evaluation mechanism to strengthen the identification and assessment of operational risks.

In 2020:

  • Establish mechanisms for identifying emerging risks and introduce the TCFD framework to identify financial risks caused by climate change.
  • Establish the Guidelines for the Management of Climate-Related Risks and Opportunities" to facilitate the identification, measurement, and monitoring of climate-related risks and opportunities and formulate response measures and reports.

 

Emerging Risk Management