FENC’s Sustainability Committee headed into its second year in 2021 and members of the Board were appointed to serve on the committee on July 29, including two independent Board members, one of whom served as the convenor, and one external Board member.

Two meetings were held during the reporting year. The first was held on April 11, 2024. Humphrey Cheng, President of Corporate Management and convener of the Sustainability Implementation Committee, presented the implementation tasks at FENC to the three committee members. All resolutions were approved unanimously by the attending members. Johnsee Lee, independent Board member and convener of the Sustainability Committee, presented the outcome of the resolutions to the Board on May 9.

New members were appointed to the third Sustainability Committee. On August 7, 2024, the Board appointed two independent Board members and one outside Board member to serve on the committee with one of the independent members as the convener. The three members bring with them rich expertise in sustainable development, such as corporate governance, risk management, strategic planning, protection of employee rights, supply chain management, energy reliability as well as the operation of non-profit organizations.

The second meeting was held on October 16 and Humphrey Cheng presented the implementation progress, project and performance to the three committee members. Specifically, the presentation covered the publishing of FENC’s Task Force on Climate-related Financial Disclosures (TCFD) Report; GHG management; implementation of internal carbon pricing; deployment of diversified renewable energy sources; promotion of green products and technologies; promotion of sustainable finance; implementation of environmental education programs; execution of sustainable supply chain projects; identification of stakeholders and material topics; planning for aligning with the International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards; ESG engagement with members of the public; enhancement of sustainability awareness. Resolutions covering the 2025 sustainability projects were proposed for discussion. All resolutions were approved unanimously by the attending members, and Sy-Ming Guu, FENC’s independent Board member and convener of the Sustainability Committee, presented the outcome to the Board on November 8.

FENC’s audit units conducted audits over the operation of the Sustainability Committee in 2023 based on the Sustainability Committee Charter. The audit confirmed that there were no wrongdoings of any kind concerning the committee members, duties, convening of meetings as well as rules of procedure.

⇥Sustainability Committee Charter