CPC places great emphasis on the possible risks and opportunities of climate change, and everyone from the board of directors to risk management teams of various departments are committed to enforcing risk supervision, governance, and management practices. A Sustainable Operations Promotion Committee and a Risk Management Committee have been assembled at the executive level to make and approve decisions, and to coordinate climate-related task forces within CPC (such as the Climate Change Response Task Force, Energy and Carbon Reduction Task Force, and Renewable Energy Development Act Response Task Force) toward carrying out interdepartmental actions. These measures are indicative of the completeness and depth of CPC’s climate change governance and risk control efforts.

Procedures for identifying major climate change-related risks and opportunities

Impacts of and responses to major climate risks

CPC observes the TCFD framework and guidelines by distinguishing climate change risks between transition risks and physical risks, which are further broken down into sub-categories including: policy, regulation, technology, market, and reputation under transition risks, and immediate, and long-term under physical risks. CPC conducts climate change risk assessments generally at least once a year, and the assessment covers existing business =locations and part of its supply chain.

Commitment, management framework, and Goals of natural governance

In addition to being a strong pillar for the nation’s energy supply, CPC also plays a key role in green energy transformation in Taiwan. As a support to the government’s goal to generate 50% of electricity from natural gas by 2025, CPC began construction of the Third LNG Terminal in Guantang, Taoyuan. CPC also founded an independent 3rd-party organization called “Guantang Industrial Park (Port) Ecosystem Preservation Committee” as a response to the petition of environmental protection organizations to oversee preservation of the algal reef ecosystem and Class 1 endangered coral – polycyathus chaishanensis. In addition to the above, CPC also commits significant efforts into supporting biodiversity preservation conventions around the world, and allocates manpower as well as resources persistently into maintaining ecosystems near other plant sites. CPC currently conducts ecological surveys according to guidelines of The Taskforce on Nature-related Financial Disclosures (TNFD) and the LEAP (Locate, Evaluate, Assess, Prepare) approach for assessing risks and opportunities, and will observe the TNFD framework to develop more comprehensive range of biodiversity indicators and goals.

The LEAP approach and outcomes of ecological preservation

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SDGs