2023 TCFD Report

Global warming caused by the emission of greenhouse gases (referred to as "GHG") has brought significant risks to the growth of the global economy in recent years and will affect a greater number of businesses in the future. However, it may be difficult for investors to learn which companies are susceptible to the risks of climate change, which companies are adequately prepared, and which ones are taking proper actions. Accordingly, the Financial Stability Board (FSB) has assembled a special task force: the Task Force on Climate-related Financial Disclosures (TCFD). The Task Force published its "TCFD Recommendations Report" in June 2017 after spending 18 months gathering opinions from business and financial leaders. The Recommendations Report provides businesses and investors with a complete assessment framework for disclosing risks and opportunities associated with climate change and for reflecting risks in financial reports.

In responding to global trends, Formosa Petrochemical Corporation (FPCC) has disclosed risks and opportunities associated with climate change in accordance with the TCFD Recommendations Report and made a more reasonable and efficient allocation of resources with respect to the Company's responsibilities and strategies, in order to realize our vision toward low-carbon transition.