FET has established its "Sustainable Development Best Practice Principles " to serve as the ultimate guiding principles for ESG conducts within FET. A "ESG Committee was assembled to serve as the highest authority for matters concerning sustainable governance, strategy and planning. Within the ESG Committee, the Chairman undertakes the role of chief commissioner,while the President assumes the role of executive officer and the CFO assumes the role of deputy executive officer. The Executive Management Team (EMT) serves as the convener that coordinates task forces in various business groups, and issues instructions to representatives of various business groups. The ESG Committee base the verification and management of sustainability issues on investigation of the material issues of the Company, annual performance report of each business group, recommendations from external stakeholders and advice gained by consulting external experts. The Company has also appointed the CSR Division as designated unit with the responsibility of enforcing ESG actions and measures within the organization.
The ESG Committee convenes meetings on a quarterly basis and report relevant policies, decisions and the performance to the Board of the Directors from time to time. Meetings are hosted by the President while members of the executive management serve as conveners for the relevant task force. Matters such as progress of annual action plans, tracking of material issues and proposals are raised and discussed during ESG Committee meetings. The ESG Committee held a total of four meetings in 2022. For details on 2022 KPI and performances, please refer to each"Sustainable Governance Performance ".
Sustainable Development Committee Structure