According to the "Global Risk Report 2023" published by the World Economic Forum (WEF), the majority of the top ten global risks for the next decade are in the categories of environment, economy, and society. In order to incorporate sustainable risk management into the company's strategic development, ASUS has introduced a risk management process to identify the potential reputational and financial impacts of ESG issues on the company's operations, as well as to explore opportunities for sustainable transition and integrate risk response actions into the corporate development strategy.

ASUS' Board of Directors acts as the highest governance body of sustainability risk management. The sustainability team annually evaluates the positive and negative impacts of material issues on ASUS, while identifying potential sustainability risks and opportunities. The analysis results and risk mitigation actions are reported to the Board of Directors quarterly.

Meanwhile, "sustainable development" is also included as one of the management topics in ASUS' BCM Committee, which conducts regular reviews of risk control progress. The BCM Committee reports to the board of directors on the status of the risk management review at least once a year.

 

To properly assess the impact of sustainability risks and opportunities on the company, ASUS has referred to the IFRS S1/S2 this year. We assessed the impact of material sustainability risks and opportunities on ASUS as an entity. In response to the impacts brought by these sustainability risks and opportunities, we proposed corresponding strategies and measures. For details on the financial impact assessment of these strategies on ASUS, please refer to the TCFD Report. ASUS will continue to expand the scope of issue assessment and enhance the calculation of quantitative data for short-term, medium-term, and long-term financial impacts.