Risk Management
Risk Identification and Mitigation Measures
The primary risk management units within Nam Liong Global are the various departmental units responsible for their specific functions. The highest decision-making and control department is the Board of Directors, assisted by the Audit Committee and the Remuneration Committee. These committees help the Board identify controllable product risks. They assess significant product risks, establish critical control points, and reduce potential product risks.
《Climate Governance Organization》
The schedule and implementation progress of the Nam Liong Global’s greenhouse gas inventory and its verification are reported to the Board of Directors on a quarterly basis. The Sustainable Development Promotion Committee consists of six functional subcommittees: 1. Sustainability Report Subcommittee, 2. Greenhouse Gas Inventory and Carbon Footprint Subcommittee, 3. Energy Conservation and Carbon Reduction Subcommittee, 4. Eco-Family Subcommittee, 5. Care and Concern Subcommittee, and 6. Integrity Governance and Risk Management Subcommittee, which meet twice a year. At the beginning of each year, these subcommittees review the Corporate’s strategies and objectives related to climate change, oversee actions to address climate-related risks and opportunities, assess progress, and plan future initiatives. These findings are then reported to the Board of Directors.
《Climate-related Risks and Opportunities Identification and Assessment》
The Integrity Governance and Risk Management Subcommittee is authorized by the Sustainable Development Promotion Committee to lead the identification of potential climate risks and opportunities. This subcommittee conducts a comprehensive identification process every three years to pinpoint significant risks and opportunities for the Sustainable Development Promotion Committee and conducts an annual review to ensure the relevance of climate-related risk and opportunity items.