The COVID-19 pandemic has accelerated digital transformation in recent years, while extreme weather events, geopolitical turmoil, and the new establishment of Global Semiconductor Climate Consortium, have caused semiconductor industry to focus more on sustainable development issues. As a member of the global semiconductor supply chain, Taiwan Semiconductor Co., Ltd. is committed to adhering to international standards, engaging with stakeholders, and integrating sustainable development strategies into our core business. We have prioritized carbon reduction, green operations, environmental safety, talent development, and community engagement to achieve sustainable development and stay up-to-date with international trends. To align with the United Nations Sustainable Development Goals (SDGs) and increase transparency of environmental, social, and governance (ESG) information, we published our first ESG report in 2023. Our goal is to use our positive influence as a company and collaborate with our industry chain to move towards sustainability and create a better future for the world.
In 2022, we formed an ESG Committee to conduct our sustainability strategy blueprint. This led to the establishment of the ESG Office and various task forces to implement ESG projects and improve our ESG efforts in all perspectives. In terms of governance, we are committed to ethical practice and have strengthened our risk control, information security, and sustainable supply chain management. We have also integrated ESG targets into our brand and daily operations.
In terms of environment, we are actively responding to the global vision for carbon reduction and Taiwan’s goal of Net Zero by 2050. We have implemented various carbon reduction measures , and identified the Company’s climate risks and opportunities, in alignment with the Task Force on Climate-related Financial Disclosures (TCFD) framework. These all demonstrates our determination to take climate action. Moving forward, we will continue to comply with domestic and international laws, such as carbon taxes and fees. We will launch corresponding carbon reduction and renewable energy projects and evaluate the feasibility of joining the Science Based Targets Initiative (SBTi) to take responsibility for carbon reduction as an enterprise.
Thanks to the collective efforts of all our employees, the Company’s revenue in 2022 exceeded NT$560 million, which is a 20% increase from the previous year. This outstanding operating performance has laid a solid foundation for the Company’s sustainable development. In terms of products, we assist automobile clients in developing new energy vehicles and improving their car performance with our high-quality automotive products. This contribution helps conserve energy and reduce carbon emissions. Additionally, we plan to use fully recyclable and decomposable eco-friendly packaging materials.
In terms of manufacturing, we have optimized our processes by removing lead, treating wastewater, and adjusting our electroplating process. We are paying close attention to the major markets of automotive and industrial automation and control to consolidate our main business and respond to the European Union’s End of Life Vehicles Directive (ELV). We are committed to meeting the needs of all our stakeholders.
In terms of environment, we are actively responding to the global vision for carbon reduction and Taiwan’s goal of Net Zero by 2050. We have implemented various carbon reduction measures , and identified the Company’s climate risks and opportunities, in alignment with the Task Force on Climate-related Financial Disclosures (TCFD) framework. These all demonstrates our determination to take climate action. Moving forward, we will continue to comply with domestic and international laws, such as carbon taxes and fees. We will launch corresponding carbon reduction and renewable energy projects and evaluate the feasibility of joining the Science Based Targets Initiative (SBTi) to take responsibility for carbon reduction as an enterprise.
Employees are a valuable asset. Since 2022, our Company has launched several talent development initiatives, including expanding industry-academia collaborations and improving our internal education and training programs. These efforts aim to actively enhance our employees’ professional skills and technical know-how. Additionally, we hold employee engagement conferences where our management team personally shares the Company’s future outlook. To foster open communication with our employees, we regularly conduct employee opinion surveys and utilize various communication methods to ensure a healthy, safe, and friendly workplace. We also prioritize giving back to society through social charity events and creating value for our community.
Our first ESG report demonstrates to the public our Company’s commitment to and efforts toward corporate sustainability. As we navigate the constantly evolving landscape, we remain committed to addressing all aspects of ESG concerns, listening to stakeholder feedback, and promoting positive environmental, social, and economic growth through a comprehensive sustainable governance framework. We will continue to prioritize business performance while working towards these goals. We are excited to collaborate with industry partners across all sectors to build a sustainable future together.
Chairman Wang Shiu-Ting
