Bora Group, committed to sustainable development, corporate social responsibility, and strong governance, established the Sustainable Development Committee by Board resolutions in 2022. The Committee is entrusted with formulates sustainability strategies and management policies, and execution plans. The Committee monitors annual targets and ESG initiatives, ensuring continuous evaluation and improvement. Following the addition of an Independent Director in 2024, the committee now comprises 4 members, with half being Independent Directors. Chairman Bobby Sheng leads the committee, joined by Independent Directors Lee Yi-Chin, Lin Jui-Yi, and Director Chen Shi-Min.
Linking ESG to Executive Compensation
To integrate sustainability with business operations, Bora incorporates ESG-related performance evaluation items into the compensation assessments for CEO, Vice Presidents and equivalent positions. The ESG performance evaluation focuses on corporate governance, carbon reduction and the promotion of related mechanisms, serving as a key reference for determining annual variable compensation of up to 3%. Compensation principles balance ESG goals with financial performance, driving Bora’s long-term sustainable growth by placing sustainability integration on the plates of management team.
Our ESG Management Structure
The Sustainable Development Committee oversees 5 task forces: Corporate Governance, Sustainable Drug Supply, Environmental Sustainability, Employee Welfare, and Community Development.
Each task force is led by the highest executive of the relevant department, responsible for managing key issues and reporting progress. The Sustainability Development Office facilitates cross-department coordination, consolidates goals, and organizes monthly internal ESG meetings to track global trends and formulate corresponding strategies.
The company incorporates ESG-related performance evaluation items into the compensation assessments for the General Manager, Vice General Managers, or other equivalent positions to ensure the effective integration of sustainability development and operational performance. The ESG performance evaluation covers corporate governance, carbon reduction targets, and the promotion of related mechanisms, serving as a key reference for determining annual variable compensation. The principles and calculation methods for compensation fully consider the aforementioned ESG goals, alongside financial performance, to create a balanced evaluation system that drives the company’s long-term sustainable development.
Reporting and Continuous Improvement
Task forces report to the Sustainable Development Committee every six months, covering activities across Bora’s global subsidiaries. Meeting minutes are submitted for chairperson’s approval, and the Committee reports regularly to the Board of Directors to ensure the comprehensive implementation and continuous advancement of Bora’s sustainable development performance. The 2024 Sustainability Development Implementation Report was presented to both the Committee and the Board on November 13, 2024.