Governance Framework
Sustainable Governance Framework
SinoPac Holdings established the "CSR Project Team" in 2015 to actively plan CSR related affairs. In 2018, the Company formulated the "Guidelines for Corporate Social Responsibility” (renamed as “Guidelines for Sustainable Development” in 2022) and established the "Sustainable Development Committee". The Chair of the Company also chairs the Committee, with the President of the Company and the chair and presidents of major subsidiaries serving as members. The Committee overseas and manages the risks and impacts of operations of the Company and its subsidiaries on the economy, environment, and society, and regularly report to the Board of Directors to effectively implement the Company’s sustainable development strategy.
The teams of the Committee uphold the four sustainability missions of the Company and continue to implement adjustments and optimize the short-, mid-, and long-term goals in the Sustainable Development Strategy Roadmap in accordance with the five sustainability themes. The Committee convenes a meeting every quarter and reports the progress of corporate sustainable development to the Board of the Company every six months. The Committee convened four meetings and reported to the Board three times in 2023.
In addition, Bank SinoPac, SinoPac Securities, SinoPac Leasing, and SinoPac Securities Investment Trust have respectively established teams for sustainable development that directly connects with the Sustainable Development Committee of SinoPac Holdings, further strengthening the sustainable governance of the Company.
To further enhance the management of sustainable development, starting from July 1, 2024, our Company has elevated the Sustainable Development Committee to a functional committee of the Board of Directors. The Committee members consist of Directors from SinoPac Holdings and its subsidiaries, with a minimum of three members including at least one independent director of SinoPac Holdings. The Sustainable Development Committee convenes a meeting at least twice a year and may be called at any time when needed. Its main responsibilities include reviewing the establishment and amendment of sustainable development policies, reviewing and approving the sustainable development annual work plan, reviewing, monitoring, and revising the implementation effectiveness of the annual sustainable development work plan, supervising the disclosure of sustainable information as well as approving the sustainability report, and supervising the execution of business activities related to the Company's Sustainable Development Guidelines or other sustainable development tasks approved by the Board of Directors. Currently the Sustainable Development Committee consists of a total of 9 Directors, including 3 independent directors of SinoPac Holdings, and the Chair of the Company serves as the convener and chair of the Committee.
In the meanwhile, the Company has also established a Sustainability Office under the Board of Directors, serving as a dedicated unit for sustainable development, assisting the Committee in promoting various sustainability initiatives. A senior executive has also been appointed as the Chief Sustainability Officer (CSO) to ensure the implementation of sustainability-related tasks. The Sustainability Office encompasses five cross-departmental teams, including corporate governance, customer relations, employee welfare, social involvement, and environmental protection, responsible for executing various sustainable development tasks. The progress and execution of related work plans are reported to the Sustainable Development Committee and reported to the Board of Directors at least every six months to ensure the effective implementation of sustainable development tasks within the Company.
