Fubon Financial Holding Co Ltd

Fubon Financial Holding has put in place a targeted governance framework for its indirect climate lobbying through external associations and lobbying groups. Its "implementation strategy" states that "each unit will individually evaluate whether or not the cooperating academy/association/society and lobbying group comply with the relevant regulations of this declaration," and that "evaluation results must be reported to the president for approval." It further commits that, after partnership, "the Company will also review and supervise the organization annually for conflicts with our sustainability policy or negative impacts on the overall climate environment, and actively engage in discussion and action," and if a group "does not have a specific improvement plan or action ... the cooperation should be gradually reduced or even the partnership should be canceled." The company also pledges that any "sustainability development and climate action related to ... lobbying group" participation "will be publicly disclosed in the sustainability report for that year." These elements show defined oversight structures, monitoring procedures and accountability measures for indirect lobbying. However, the company does not disclose how its direct lobbying is governed, no board-level committee or named individual beyond the president is specified for lobbying alignment, and there is no evidence of a comprehensive or independent audit of its climate lobbying practices.