The Social Responsibility Department was established under the Public Relations and Brand Management Division in 2007. In 2019, the Public Relations and Brand Management Division was renamed as the Sustainability and Brand Development Division, and the Social Responsibility Department was renamed as the Sustainability & Corporate Citizenship Department. The department serves as the executive secretary to the CSR Committee with dedicated staff as well as independent budget, responsible for integrating inter-departmental CSR tasks in addition to planning and carrying out CSR strategies and projects.
The CSR Committee was officially formed under the Board of Directors in 2014. The Committee is chaired by the Chairman of the Board, and the President serves as the Deputy Chairman. The senior management from each business group serves as members of the Committee to identify risks and opportunities relevant to environmental, social, and governance issues. Sustainability strategies are formed by integrating operations with core resources, enhancing the levels of accountability, participation, and governance of the senior management to achieve circular performance.
Communication mechanism between the CSR committee and other committees
The Company has developed a comprehensive communication mechanism for sustainable development management. In addition to the CSR Committee, a Risk Management Committee and an Innovation Management Committee have been established under the Board of Directors respectively in 2015 and 2017. The CSR Committee reports to the two committees on issues related to business risks and social innovation from time to time, in order to join hands in promoting the Company's sustainable development.