1.2 ESG Governance Framework

Sustainable Development Team

PSC attaches great importance to sustainable development and adheres to the operational guidelines and business philosophy based on “You care, we act!” Since 2010, dedicated personnel at the Administration Department has been responsible for coordinating and communicating with the Company’s promotion units of corporate governance, customer service, employee care, environmental protection, and social engagement to address issues concerning the Company’s sustainable development. In addition, implementation units are in charge of investigating and collecting issues of stakeholder concern while related personnel perform their job duties. After integrating internal and external suggestions, the department formulates and implements policies, systems, or relevant management guidelines and specific implementation plans pertaining to corporate sustainability. PSC first formulated and announced the “Sustainable Development Best Practices Principles” after it was approved by the Board of Directors in 2002. (For details of the Sustainable Development Best Practices Principles, please go to “Section for Mandated Disclosures” on the PSC official website.) In the following years, the Company regularly revised the Sustainable Development Best Practices Principles in accordance with external regulations to ensure its effectiveness.

In 2018, PSC formally established the Sustainable Development (CSR) Team, with the head of the Sustainable Development (CSR) Team as the convener, consisting of the task forces of corporate governance, customer service, employee care, environmental protection, and social engagement.

The team holds meetings regularly three times a year. It sets targets, implements control measures, and reviews performance for each category at the meetings and submits the meeting minutes to the President. After the end of a fiscal year, the team compiles the implementation performance of sustainable development of all units and reports to the Board of Directors. The results of sustainability efforts made in 2022 was reported to the Board of Directors in December. In addition, the implementation performance of sustainable development of the year is compiled into a report and submitted to the Chairman for review before public announcement.