Action Guidelines for Sustainable Management

Strategies and practices to cope with the impact of material sustainability issues

WT has procedures in place requiring the policy‭, ‬planning and implementation of specific matters in the course of operation to be‭, ‬regularly or occasionally‭, ‬presented or submitted for discussion to the Board of Directors‭. ‬For example‭, ‬the Rules of Procedure for Board of Directors’ Meetings Articles 10‭ ‬and 12‭ ‬and the Corporate Governance Best Practice Principles Articles 25‭ ‬and 35‭ ‬clearly stipulate the types of matters that must be discussed or resolved by the Board of Directors‭. ‬The Sustainable Development Best Practice Principles Article 8‭ ‬requires the proposals and implementation of sustainable development policies‭, ‬systems‭, ‬management guidelines‭, ‬and specific roll-out plans to be presented to the Board of Directors on an occasional basis‭. ‬In addition‭, ‬the Ethical Corporate Management Best Practice Principles and the Procedures for Ethical Management and Guidelines‭  ‬for Conduct specify that the formulation of ethical operation policies and prevention plans‭, ‬any major violations determined by investigation‭, ‬or any major losses caused to the Company must be presented to the Board of Directors‭.‬ According to applicable laws and regulations or internal procedures‭, ‬items need to be adopted by resolution of the Board of Directors are submitted for‭ ‬”discussion‭,” ‬while those do not require to adopted by resolution of the Board are submitted for‭ “presentation”. ‬After being signed and approved by senior management‭, ‬an item is added to the agenda of next Board meeting by Stock Affairs Unit for the Board of Directors to make a resolution in the case of a discussion item‭, ‬or raise questions or made suggestions in the case of a presentation item‭.‬ From 2022‭, ‬GHG inventory and finalized sustainability report are required to be regularly presented to the Board of Directors‭. ‬Climate governance‭, ‬which has become indispensable for WT’s operations since the introduction of the Climate Change Financial Disclosure‭ (‬TCFD‭) ‬project‭, ‬will also be regularly brought to the Board‭. ‬In 2023‭, ‬factors such as the impact type and degree of existing sustainability issues will be reviewed to assess and revise the scope of major impacts of existing procedures‭, ‬and major environmental and social impacts will come under the supervision of Board of Directors‭. ‬WT’s Board of Directors adopted a total of‭ ‬57‭ ‬major resolutions in 2022‭, ‬which have all been published on the WT official website‭ (‬Major Resolutions of Board Meetings‭).‬