Chang Hwa Bank|Corporate Social Responsibility-Organization of Sustainable Development

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Organization of Sustainable Development

Chang Hwa Bank has long been paying close attention to social trends and is committed to fulfilling its Corporate Social Responsibility (CSR). The Bank has invested considerable efforts in aspects such as promoting corporate governance, developing a sustainable environment, and safeguarding social welfare. In order to put the concept of sustainable business into practice, the Bank established the Sustainable Development Committee (hereinafter referred to as the “SDC”), SDC was composed of 5 members including Chairperson as the convener, 3 Independent Directors and President. SDC is in charge of implementation of sustainable development affairs, establishment of related systems, monitoring on execution and performance of policies, and reviewing related implementation report on a regular basis. SDC holds meeting at least twice a year. Three meetings in total were held in 2021, and the implementation results were regularly reported to the Board of Directors.
The SDC features inter-departmental ESG Task Force, an Executive Vice President (EVP) was assigned to serve as the convener, and leaders of the ESG Task Force was reassigned based on primary promoting working groups (Corporate Governance, Responsible Finance, Employee Care, Social Inclusion, and Sustainable Environment) to strengthen comprehensive operating ability and be in charge of daily affairs. The Company Affairs Section of the Secretariat Division is also the secretarial unit of the SDC. It is responsible for compiling ESG reports, planning sustainable development related tasks, coordinating each division to handle sustainable development related tasks, reporting to the SDC of sustainable development implementation results on a regular basis, and submit to the Board of Directors as well. The FY2020 sustainable development related performances of the Bank were submitted to the 3rd meeting of the 2nd Sustainable Development Committee held on Nov. 2, 2021 and the 19th meeting of the 26th Board of Directors held on Nov. 11, 2021 for supervision.

Sustainable development organization of the Bank is as in the diagram below: (March, 2022)

Regulatory Compliance

The Bank follows the “Sustainable Development Best Practice Principles for TWSE/TPEx Listed Companies,” “Corporate Governance Best Practice Principles for TWSE/TPEx Listed Companies,” “Corporate Governance Best Practice Principles of Banking Industry,” “Ethical Corporate Management Best Practice Principles for TWSE/GTSM Listed Companies,” “Sustainable Development Best Practice Principles” and “Sustainable Development Policy” of the Bank, to plan and implement various ESG tasks and projects. Sustainable development trainings are held regularly every year, with the participation of the heads of business departments and relevant personnel. Courses related to sustainable development are included in the new employee orientation workshop. Furthermore, the Bank encourages employees to nurture their volunteering spirits in daily life and sets up volunteer teams in the hope of a better society.

Sustainable Development Policy

The Bank actively promotes the philosophy of corporate sustainability through five management policies, namely Corporate Governance, Responsible Finance, Employee Care, Social Inclusion, and Sustainable Environment, and incorporates them into its core business plans and operational activities.