To promote sustainable development, align with international ESG trends, and contribute to economic, environmental, and social progress, Diamond Biofund's Board of Directors approved the "Sustainable Development Best Practice Principles" and "Sustainability Information Management Guidelines".
The Board of Directors serves as the highest decision-making and supervisory level for sustainable development and sustainability information management. It ensures alignment between sustainable development, sustainability information management, and business strategy objectives by approving, supervising, and allocating sufficient resources to ensure the effective operation of management mechanisms. In addition, to enhance the effectiveness of sustainability management, Diamond Biofund approved an organizational restructuring proposal at its Board of Directors meeting on December 23, 2024. The " Sustainable Development and Nominating Committee", a functional committee chaired by an independent director, is tasked with supervising sustainable development and sustainability information management activities.
Additionally, Diamond Biofund has formed the " Sustainable Development and Risk Management Task Force," led by the President’s Office and overseen by the President. The Task Force is responsible for planning, promoting, consolidating, and reviewing matters related to sustainable development and sustainability information. Under the " Sustainable Development and Risk Management Task Force," three functional subgroups/teams are set up: "Corporate Governance", "Sustainable Finance" and "Social Engagement". Departments join these task forces based on their duties and responsibilities, carrying out sustainability-related work and communicating with relevant stakeholders through various channels. This process helps understand stakeholders' demands and expectations of the company. Through discussions in meetings, interdepartmental brainstorming, consensus-building, and action plans are developed, responding appropriately to stakeholders and disclosing sustainability information.
The functional subgroups/teams formed by various departments are responsible for advancing sustainability issues, categorized as follows:
- Corporate Governance Team: Corporate governance, Risk management, Ethical management, Information transparency, Compliance, Cybersecurity
- Social Engagement Team: Talent cultivation, Diversity and equality, Occupational health and safety, Participation in public welfare activities, Promotion of industry-academia collaboration
- Sustainable Finance Team: Responsible investment, Climate resilience
The "Sustainable Development and Risk Management Task Force" shall report to the "Sustainable Development and Nominating Committee" and the board of directors at least twice a year regarding management and operations. The "Sustainable Development and Risk Management Task Force" shall require each department to formulate corresponding management and control methods to improve risk control and ensure the achievement of the sustainable operation goal. In 2024, the "Sustainable Development and Risk Management Task Force" submitted reports or to the Board of Directors on August 9 and December 23, addressing ESG-related proposals, including the ESG Report, formulating "Sustainability Information Management Guidelines", stakeholder engagement, the company's Climate Related Goal—Carbon reduction targets, the implementation of sustainability efforts in 2024, and the 2025 sustainability development plan.
Sustainability Management Framework
