The Board of Directors is the Company's highest decision-making body for climate risk management. It reviews climate policies and strategies and oversees the implementation of climate-related metrics and targets. The Board bears ultimate responsibility for ensuring that an appropriate and effective climate risk management system is established and maintained. The Risk Management Committee, under the Chairman, carries out the Board's major decisions and related matters on climate risk management policy. It also establishes oversight and reporting mechanisms and supervises the operation of the Company's climate risk management.
The Company has incorporated "climate change risk" into its Risk Management Policy and established the Guidelines for Climate-Related Risk and Opportunity Management. These guidelines set out the risk management procedures for identifying, measuring, and monitoring climate-related risks and opportunities, and for formulating mitigation or adaptation measures. A TCFD (Task Force on Climate-related Financial Disclosures) Task Force coordinates the Company's climate-related disclosures. As required by regulators or international bodies, the Company discloses climate risk information in its annual report, sustainability report, and website, and periodically reports climate risk overviews to the Board.
Since 2023, the Company's Risk Management Department has reported to the Risk Management Committee and the Board every six months on the implementation of climate change risk management. These reports present an overview of climate change risks, including indicators for both physical risk and transition risk, and track progress on climate-related risk indicators and targets. The related oversight and governance measures are disclosed on the Company's website.