Climate Change Governance

GC has established a decarbonization governance and management structure, covering from director level through to operational level, to enable integration and efficiency in all processes according to the company’s Net Zero Target. In this regard, GC has appointed board-level Corporate Governance and Sustainability Committee (CGS) to oversee climate-related issues thru quarterly meetings. CGS is supported by Sustainability Development Committee (SDC), as an executive-level committee, chaired by Executive Vice President of Sustainability, as the highest level Sustainability executive officer as a chairman for the committee. SDC’s responsibility is to govern strategic directions for mitigation of climate change related issues. These include GHG reduction target setting, refinement of project investment plans by emphasizing reducing GHG emissions, etc. The SDC, which has members including executives from other functions, also determine plans, practical applications, and measurement systems for the operational integration required to achieve decarbonization and sustainable development on an organizational level. The SDC summarizes and presents its performance to CGS Board every two months.