• Sustainable Development Management Committee
In October 2016, momo established a "Corporate Social Responsibility Committee", which was renamed the "Sustainable Development Management Committee" in 2022, and the "Sustainable Development Management Committee Charter" was further formulated.
The Committee identifies risks and opportunities with respect to governance, social and environmental issues, closely integrates operational and core resources, formulates sustainability strategies and executes various ESG-related action projects. Additionally, momo has adhered to the "Sustainable Development Best Practice Principles" as our guiding principle for long-term sustainable initiatives, integrating sustainable development into the Company's management policies and operational activities.
To step up sustainable operation and management, on July 27, 2022, the 7th Board of Directors resolved to elevate the Sustainable Development Management Committee to a functional committee under the Board of Directors. At the first meeting of the 8th Board of Directors held on May 19, 2023, three independent directors and two directors were appointed as members of the 2nd Sustainable Development Management Committee.The members mutually elected Chairman Daniel M. Tsai to serve as convener and meeting chairperson. The Committee shall convene at least twice annually, and the executive director meetings shall be held at least twice annualy as well. Every six months, the effectiveness of sustainable governance strategies and the execution of annual development plans shall be reported to the Board of Directors.
Each business unit, in line with its area of responsibility, formulates relevant management indicators, targets, and action plans with reference to the material sustainability topics identified by stakeholders. These plans are reported semiannually to the CEO (President) of the Sustainable Development Management Committee, who approves and oversees cross-departmental coordination. The Sustainability Development Department further facilitates interdepartmental communication and collaboration, while regularly tracking the achievement rates of short-, medium-, and long-term goals. The top executive of each business unit is responsible for overseeing the achievement of management indicators and targets, with more than 10% of their KPIs linked to ESG performance.
In addition, the content of the Sustainability Report is compiled from textual information and data collected and prepared by each business unit according to their respective responsibilities. The Sustainability Development Department consolidates and reviews the information before submitting it to the heads of the business units and the President for verification, after which it is presented to the Sustainable Development Management Committee and the Board of Directors for review and approval.
• Members of the Sustainable Development Management Committee
| Title | Name | Expertise |
|---|---|---|
| Chairman | Daniel M. Tsai | Please refer to Directors’ professional qualifications and resumes for details. |
| Independent Director | Chieh Wang | |
| Independent Director | Emily Hong | |
| Independent Director | Mike Jiang | |
| Independent Director | Hsu-Jean Chiu | |
| Director | Jeff Ku |
• Scope of Responsibilities of the Sustainable Development Management Committee
On August 2, 2024, the "Sustainable Development Management Committee Charter" were revised for the second time. Article 5 stipulates the duties and responsibilities of the Company’s Sustainable Development Management Committee as follows:
- Formulate annual plans and strategic directions for sustainable development.
- Formulate sustainable development projects and activity plans.
- Track and review the effectiveness of annual plans, strategic directions, projects and activity plans for sustainable development.
- Supervise the disclosure of sustainable development information and review sustainability reports.
- Supervise the implementation of the Company’s Sustainable Development Best Practice Principles or other sustainability-related tasks as resolved by the Board of Directors.
• Operation of the Sustainable Development Management Committee in 2024
In 2024, the Sustainable Development Management Committee held a total of 2 meetings and approved 10 reports and resolutions, all of which were subsequently presented to the Board of Directors for review and approval.
