Adoption of TCFD
Wistron adopted the framework of the Task Force on Climate-related Financial Disclosures (TCFD) in 2019 to identify climate risks and opportunities and used it to create measurement indicators and targets for management. Starting from 2020, the ESG Committee reports climate change risks, mitigation measures, and the progress of related targets to the board of directors on an annual basis. In 2021, Wistron officially became a TCFD Supporter. From 2022, in coordination with the group, the formal implementation of the Enterprise Risk Management (ERM) mechanism has been introduced, which also integrates climate-related risks. In accordance with the Company's "Risk Management Policies and Procedures", each risk ownership unit must conduct risk assessment for the identified risk scenarios through management process including risk identification, risk analysis, risk evaluation, risk response and monitoring, risk reporting and disclosure, etc. In addition, a risk response improvement plan is proposed based on the assessed residual risk level to effectively adjust the risk.