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  1. Chang Hwa Commercial Bank, Ltd. (hereinafter referred to as “Chang Hwa Bank” or the “Bank”) publishes an ESG Report on a yearly basis. In June 2023, the 2022 ESG Report (hereinafter referred to as the “Report”) was published. The Report has been approved by the Chairperson of the Bank. The scope of the Report covers performance in 2022 (from January 1, 2022 to December 31, 2022). Meanwhile, both the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB) standards are adopted to proactively disclose Chang Hwa Bank's sustainable development strategy and environmental, social, and governance (ESG) performance, actions, and future plans to various stakeholders who pay attention to the accomplishment of the Bank.

Scope of Report

The governance, environmental, and social information principles disclosed in this report are based on the Bank's operating activities in Taiwan; the disclosure of financial data is compared with the consolidated financial statements, using the New Taiwan dollar as the unit of calculation and audited by a certified public accountant.

Reporting Basis

The Report is prepared based on the GRI Standards 2021, the "Rules Governing the Preparation and Filing of Sustainability Reports by TWSE Listed Companies," Sustainability Accounting Standards Board (SASB) - Commercial Banks industry, and the corresponding contents of the UN’s Sustainable Development Goals (SDGs), as to remain in line with the global sustainability trends.

External Assurance

    1. The British Standards Institution (BSI), a thirdparty certification institution, has provided Type 2 Moderate Assurance of the Report in accordance with the third version of the AA1000 Standard and the GRI Standards 2021 to confirm the compliance with the AA1000 Principles (2018) and the reliability of sustainability performance data. After verification, the contents disclosed in the Report are confirmed to be in compliance with the GRI Standards 2021.
    2. BSI CERT_FOR_ESG_REPORT
    3. BSI has provided Type 1 assurance of compliance with the Commercial Banks industry of SASB standards for the disclosures.
    4. The Bank has engaged Ernst & Young (EY) accounting firm to perform assurance procedures on the selected sustainability performance information of its ESG report using the standards published by the Accounting Research and Development Foundation in Statement of Assurance Engagements Standards No. 1, “Assurance Engagements Other than Audits or Reviews of Historical Financial Information”, to which EY has concluded with an opinion of limited assurance.
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