To effectively integrate sustainability management capabilities with enterprise risk management, WT established the Sustainable Development Committee in 2023 (with two functional sub‑committees: the Sustainable Development Team and the Risk Management Team), replacing the previous Risk Management Committee’s operating mechanism. In 2025, the Committee consisted of 5 members, comprising the Chairman, one director, and three independent directors. In 2025, the Sustainable Development Committee held four meetings and reported to the Board of Directors on sustainability progress and risk‑related proposals, including the identification of climate‑change risks and opportunities under IFRS S2 Sustainability Disclosure Standards.
The Risk Management Team is the responsible unit for executing risk management. Its main duties include overseeing the overall risk management operations within WT, formulating risk management policies, frameworks and mechanisms, establishing qualitative and quantitative management standards, and reporting risk management implementation status and results to the Sustainable Development Committee.
WT risk management roles and responsibilities
Board of DirectorsThe Board of Directors is the supervisor and highest decision-making body for risk management. Its goal is to comply with laws and regulations, promote and implement the Company’s overall risk management, approve risk management policies, continuously monitor the effective operation of risk management mechanisms, and bear the ultimate responsibility for WT’s risk management.
Sustainable Development CommitteeThe Sustainable Development Committee reports directly to the Board of Directors. It is responsible for reviewing the appropriateness of risk management policies and frameworks, reviewing major risk management strategies (including risk appetite or tolerance), reviewing management reports on significant risk issues and overseeing improvement mechanisms, and regularly reporting risk management implementation status to the Board of Directors.
Risk Management TeamThe responsible unit for executing risk management. Its main duties include overseeing overall risk management, formulating risk management policies, frameworks and mechanisms, and establishing qualitative and quantitative management standards.
Audit OfficeThe Audit Office reports directly to the Board of Directors. It is responsible for independent supervision and quality assurance, revising and promoting the internal control system, and planning and executing audit activities. Each year, it submits an annual audit plan based on risk assessment results and reports the audit plan implementation status to the Audit Committee and the Board of Directors.
Functional UnitsEach functional unit is responsible for the actual execution of risk management. The head of each functional unit is responsible for analyzing, monitoring, and reporting the risks associated with their respective operations, and for ensuring that risk management mechanisms and procedures are effectively implemented.
Risk management process and assessment
WT risk management process
1｜Risk Identification
2｜Risk Measurement
3｜Risk Monitoring and Reporting4｜Risk ResponseRisk Identification: Risks are divided into six major categories. Various factors that may affect operations are collected as the basis for subsequent risk identification.
Referring to the 2025 World Economic Forum (WEF) Global Risks Report, 16 major risks were identified.
2-Year Short-Term Risks
10-Year Long-Term Risks
Misinformation and disinformation
01 Extreme weather events Extreme weather events 02 Biodiversity loss and ecosystem collapse Armed conflict between nations
03 Major changes to Earth systems
Social polarization
04 Natural resource shortages
Cyber espionage and warfare
05 Misinformation and disinformation
Environmental pollution
06 Adverse consequences of AI technology
Economic inequality
07 Economic inequality
Non-voluntary migration / forced displacement
08 Social polarization
Geoeconomic confrontation
09 Cyber espionage and warfare
Deterioration of human rights and/or civil liberties
10 Environmental pollution
Source: 2025 World Economic Forum (WEF) Global Risks Report
Risk measurement: Implementing tiered management
Based on the assessment results of two dimensions – “Impact Level” and “Likelihood of Occurrence” – risks are divided into three levels (total score ranging from 1 to 9). Among these, there are 5 high-risk items (score 7–9), 4 medium-risk items (score 4–6), and 7 low-risk items (score 1–3):
· High Risk (Score 7–9; 5 items): Includes economic risk from a financial perspective, internal and external operational risks, information security, and integrity management.· Medium Risk (Score 4–6; 4 items): Includes geopolitical risks such as trade barriers and tariffs, sales or procurement concentration, technological changes such as AI emerging technologies, and environmental emissions reporting obligations.
· Low Risk (Score 1–3; 7 items): Includes environmental aspects such as rising temperatures and extreme weather, social aspects such as labor shortage, diversity and inclusion, occupational health and safety, as well as other risks such as changes in government policies and regulations, compliance risks, and virus transmission.
Risk monitoring and reporting:
Impact analysis of medium to high risks For the 9 items with relatively higher scores (5 high-risk and 4 medium-risk items), we have established a dynamic monitoring mechanism. Please refer to the 2025 Annual Report for details on their main impacts.
Risk response: Mitigation measures
The Company adopts proactive response strategies for medium to high-risk levels. Please refer to the 2025 Annual Report for details on the mitigation measures.
To ensure the confidentiality, integrity, and availabil
Integrity is WT’s most important core value and guiding