Risk Management
Risk Management Policy and Procedures In pursuit of the corporate sustainable business philosophy and to implement sustainable development, PT Tech establishes the “Risk Management Policy and Procedures” in accordance with relevant regulations set by the regulatory authorities. This serves as the company’s highest guiding principle for risk management.
Scope of Risk Management
PT Tech is committed to actively and cost-effectively integrate and manage all potential risks that may impact the company’s operations and profitability. The company’s risk management primarily includes: strategic risk, operational risk, financial risk, information risk, compliance risk, integrity risk, and other emerging risks (such as climate change or pandemic-related risks).
Risk Management Organizational Structure
The company’s Risk Management Team is under the ESG Promotion Office of the Sustainable Development Committee. It is responsible for executing and promoting risk control in the company’s operations. The team reports the assessment and operational status of risk management to the Sustainable Development Committee, which, in turn, reports regularly to the board of directors.
Risk Management Operations
The Company actively cooperates with the competent authorities to promote and implement the risk management mechanism. Each business group constitutes a “Risk Management Group” and is affiliated to the Sustainability Development Committee (composed of one director and two independent directors). It meets regularly at the Sustainability Development Committee Report the risk management supervision status to the board of directors at least once a year.
The operation situation in 113 is as follows: On November 6, 113, the board of directors reported on the implementation method of sustainable development. The company will proceed in accordance with the principle of materiality, negotiate with stakeholders, and collect material disclosure issues through the company’s internal and external operational evaluation and analysis, and accordingly formulate risk management policies that effectively identify, measure, evaluate, supervise and control. Adopt specific plans to reduce the impact of related risks.