Climate Governance Structure

Climate Governance Structure

To strengthen climate governance, Wistron has named the Board of Directors as the highest supervising unit for climate issues. The Board is responsible for coordinating the overall climate strategy and supervising senior managers in the implementation of climate related risk management and key performance indicators. As a functional committee that reports directly tob the Board of Directors, the ESG Committee consists of a risk management team (To comply with the ERM system, it will be transferred to the Audit Committee starting from May 2023) with the CFO acting as the convener. The members consists of supervisors and representatives of each department and business unit. Each year, the risk management team formulates response and adjustment strategies through the comprehensive evaluation and analysis of various risks related to climate. The team produces the corporate risk management report and submits it to the ESG Committee (To be reported to the Audit Committee starting from May 2023) to ensure that climate issues are included in the thinking of senior management and receive proper review and management.

Starting from May 2023, the risk management team will be transferred from the original ESG Committee to the Audit Committee, which will regularly reviews the Company's risk assessments and countermeasures in various aspects such as environment, social, and corporate governance, including but are not limited to the implementation status of climate change-related issues and identification and formulation of response strategies for emerging risks. The Committee reports to the Board of Directors at least twice each year. At the level of promoting sustainable strategies, the Sustainability Office under the ESG Committee reports monthly to the President & CEO on the progress of sustainable strategies and projects, including climate actions. It also reports at least once a quarter to the ESG Committee and the Board of Directors on the implementation results and future plans of corporate sustainability, including climate change-related issues.