With regard to the governance of climate related risks and opportunities, Cathay Century Insurance has established the “Cathay Century Insurance ESG and Climate Risk Management Approaches” and developed the related risk control mechanism for the purpose of low carbon and sustainable management, with the Board of Directors and the management as the highest management bodies for climate related issues starting from two issues of identifying opportunities for sustainable business development and climate related risks appetite.
The President leads the Corporate Sustainability (CS) Team and the Chief Risk Officer leads the Climate & Nature Working Group in implementing internal climate change promotion and management. The Climate & Nature Task Force, which is formed through cross-functional collaborations, works with key members of the CS Team to jointly develop climate actions. By leveraging the expertise and responsibilities of each department, we strengthen the Company's overall climate risk governance effectiveness and promote opportunities associated with climate change.
Cathay Century Insurance has established climate-linked performance indicators to ensure that the Board of Directors can effectively monitor implementation and achievement of climate-related goals. Improvements in climate change resilience and other environmental indicators are reflected in director performance evaluations and affect salary adjustments.
Cathay Century Insurance directors undergo annual training on topics such as climate change and net-zero emissions. In 2025, the 11 directors and supervisors spent 116 hours on corporate sustainability training, with 48 hours focusing on climate change and nature-related issues.
Cathay Century Insurance incorporated climate change responses into insurance value chains, using cautious review and management systems to minimize impacts from climate change risks on operational processes. We also continue to be attentive of natural environments, biodiversity, forest/water resources, circular economy, and other related issues.
In response to international trends for phasing out coal, Cathay Century Insurance established the “Management Approaches for Coal, Unconventional Oil, and Natural Gas” for the insurance industry. We will cease to provide insurance protections for new projects proposed by our coal/unconventional oil and natural gas clients in 2030 and 2040. Management Approaches for Coal, Unconventional Oil, and Natural Gas
