Governance
FEDS has established “Corporate Sustainability Committee” to regularly discuss the potential impacts of various climate change issues on the internal and external aspects of the organization, including identifying and assessing climate change risks and responding to climate impacts. Among them, the “Greenhouse Gas Inventory and Climate Change Response Team” (hereinafter referred to as the Climate Change Response Team) established by the “Corporate Sustainability Committee” is at the core to identify climate-related impacts, discuss climate-related risks and opportunities, and propose corresponding measures. Starting from the second quarter of 2022, the Corporate Sustainability Committee reports to the Board of Directors on the implementation results of relevant sustainability tasks on a quarterly basis. The Board of Directors reviews the content and direction of sustainability initiatives, provides recommendations as required, and supervises the management team to make timely adjustments. A total of three reports were conducted in 2022.