Climate Governance | Strengthening Climate Resilience | Low Carbon Future | Shin Kong Life Sustainability
Climate Governance
The Board of Directors of TS Holdings has established a Corporate Sustainability Committee to oversee sustainable development and climate change initiatives across the Holding and its subsidiaries. This mandate encompasses green finance strategy, Greenhouse Gas (GHG) accounting, and carbon reduction targets. Fully aligned, SKL positions its Board of Directors as the highest governing body for climate management, systematically integrating climate change into business operations, risk management policies, and risk appetite. Furthermore, climate risk is fully integrated into the Own Risk and Solvency Assessment (ORSA) report, which is regularly submitted to the Risk Management Committee and the Board of Directors for review and approval.
SKL Climate Governance Framework
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In order to effectively implement climate risk management, SKL has set up three lines of internal control and their related responsibilities are as follows:
| Lines of Defense | Responsible Unit | Description |
|---|---|---|
| 1st line | Frontline business units | Responsible for and continuously manage the climate change risks generated by operational activities. |
| 2nd line | Risk Management Department | Establish overall policies and management systems to assist relevant units in implementing climate change risk management. |
| 3rd line | Audit units | Responsible for auditing and evaluating the effectiveness of internal controls and climate change risk management systems designed and implemented by the first and second lines of defense, and providing timely improvement recommendations. |
SDGs
