TSC actively addresses climate-related risks and opportunities. In line with the TWSE’s Rules Governing the Preparation and the TCFD framework, we disclose our management approaches and response actions with transparency. By incorporating climate risk and opportunity assessments into our corporate risk management, we continue to promote low-carbon transition and enhance climate resilience through four key dimensions: governance, strategy, risk management, and metrics and targets.
Promote a wide range of energy-saving initiatives to improve energy efficiency, explore alternative energy sources, and reduce the environmental impact of greenhouse gas emissions—all with the goal of enhancing climate resilience.
In 2024, TSC elevated the ESG Committee to a Board-level functional committee, responsible for overseeing climate-related risks, opportunities, strategies, targets, and outcomes. The ESG Office supports the committee by planning meetings and compiling sustainability performance for reporting to both the ESG Committee and the Board.
GHG and energy-related initiatives are jointly led by production and business units, addressing both risk mitigation and adaptation. The ESG Committee reports to the Board at least twice a year on climate action progress, GHG inventory, and renewable energy deployment.
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:
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 2024 Sustainability Report 5.1 Climate Governance and Strategies.