Sustainability
Sustainability
Climate Governance and Strategies
TSC pays close attention to risks and business opportunities that may arise from climate change. Hence, TSC discloses our management approaches and response measures in response to climate-related risks and opportunities in a transparent manner in compliance with the Rules Governing the Preparation and Filing of Sustainability Reports by TWSE-listed Companies promulgated by the Taiwan Stock Exchange Corporation while referencing the TCFD recommendations on climate-related financial disclosures. With the mutual integration of our climate risk and opportunity management mechanism and corporate risk management process, we continue to engage in low-carbon transition and bolster the company’s resilience to climate change in four directions: governance, strategy, risk management, as well as metrics and targets.
Climate Governance
In 2022, TSC established the ESG Committee, a functional committee at the Board level, to oversee climate-related risks, opportunities, response strategies, goals, preventive measures, and specific outcomes. The ESG Office will hold at least two
meetings each year to report on and discuss the implementation performance of climate change-related issues, risk response strategies, greenhouse gas reduction, renewable energy layout, water resource utilization with the ESG Committee.
The ESG Committee has established the ESG Office. After formulating relevant sustainability policies and guidelines by ESG Office, the Corporate Social Responsibility Functional Team is responsible for executing these policies. The Environment and Energy Management Team is specifically in charge of climate change-related issues, including achieving annual carbon reduction targets, implementing greenhouse gas reduction plans, and promoting renewable energy development.
Climate Risks and Opportunities
To improve the climate-related risks and opportunities management mechanism, TSC has established the climate-related risk management procedure in compliance with the TCFD guidelines. The procedure consists of four steps:
Climate Risk Matrix
TSC assessed the potential impact of the identified 10 risks on TSC’s operations and financial planning based on the analysis of the
materiality of climate risks, and then formulated the corresponding risk response measures. In consideration of the possible impact of climate-related risks and opportunities on various aspects of our operations, TSC actively rolls out and implements energy-saving programs, studies and draws up our renewable energy plan, and continues to keep a close eye on climate-related policies. For more information, please refer to TSC 2023 Sustainability Report 5.1 Climate Governance and Strategies.
© Copyright 2024 Taiwan Semiconductor Co., Ltd.
- Cookie Settings
- Website Feedback
- Privacy Policy
- Terms of use
- Terms & Conditions