Sinyi Realty Inc

The Board of Director is the top-level monitoring unit of climate change management, being responsible for reviewing annual risk management report, execution report, and audit report to ensure the effectiveness of climate-related risk management system. Total Ethical Management Committee (TEM Committee) is the top-level ESG promotion unit in Sinyi Realty and is responsible for climate-related project management. The CFO reports to the Board on results of climate-related projects quarterly. The Board reviews ESG impacts, performance, and strategic goals; complies with the risk management procedures to reduce the threats caused by occasional climate events. Since 2022, Board of Directors has reviewed the progress of GHG inventory and verification on a quarterly basis. [...] Sinyi integrates climate-related and other operational risks into overall risk management system, and conducts regular identification, evaluation and management through standardized procedures. Each department in Sinyi Realty identifies relevant risks so that be reviewed at annual and quarterly plan-review meeting. The Board of Directors is responsible for reviewing the annual risk management report and audit report to ensure the effective implementation of the climate-related risk management system. The executive team appointed by the TEM committee serves as the Risk Owner of material risks and is responsible for setting risk management targets and related policies.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]1. Representatives participating in C12.3c
The Board is the highest supervisory level of risk management and is responsible for ensuring the effective implementation of the risk management system. As climate-related issues have been listed as one of the material risk items of Sinyi, the highest position with responsibility for climate-related issues is the Director on board.

One of our Directors on Board is the representative of the China Urban Realty Association (CURA) and other associations, who assist to convey the values of sustainability and follow the global trend of climate change through these activities. Then, he brought these important issues back to Sinyi to ensure that the global trend of climate change is consistent with the implementation of our policies through the Board management mechanism.

2. Members of the "Environment Group† participate in the activities of many environmental associations.
Sinyi Realty has established Total Ethical Management Committee (TEM committee) under the Board for promoting ESG related programs, and reporting performance to the Board.
Our Vice General Manager represent Sinyi Realty as the supervisor of BCSD-Taiwan, participates in the management meeting of BCSD-Taiwan, and brings back global trends of carbon management and emission reduction. By doing so, we ensure our internal climate change related policies are consistent with global trends.
A cross-department sub-unit, the "Environment Group† under TEM committee is responsible for implementing the environmental and climate-related projects. Members of the "Environment Group† actively participate in many climate-related and environmental related activities of the external environmental associations. By attending these climate-related and environmental related activities, we received the latest trends of climate initiatives and policies, and take part in some climate-related training courses, so that we can adjust our implementation direction appropriately to keep abreast of these trends. Sinyi Realty has committed to set a science-based target through the SBTi in 2020, and our target has been approved by SBTi in 2021. (https://sciencebasedtargets.org/companies-taking-action/)

Describe the process(es) your organization has in place to ensure that your external engagement activities are consistent with your climate commitments and/or climate transition plan?[…]1. The Board of Directors