Our Focuses｜Climate Change Management｜Metrics and Targets

The World Economic Forum (WEF) recently released “Global Risks Report 2023”, which indicates that the cost of living will dominate global risks in the short term. The energy crisis, food shortages, and inflation resulting from the war in Russia-Ukraine and the Covid-19 pandemic have become urgent global issues. Climate change continues to be the biggest long-term risk. Greenhouse gas emissions produced by humans since the dawn of the industrial revolution and capitalism have led to global warming. The high costs resulting from extreme weather events have increased the awareness of governments, international organizations, and civil society throughout the world. Industries are confronting pressure from economic stagnation, the challenges of energy transformation, and the risk of geopolitical instability at the same time they have to face up to the urgent and worsening climate issues that have been accumulating for over a century. This is not an easy task, but it is only through being more proactive in combating climate change and increasing the resilience of our Company that we can move towards sustainability.

As a provider of electronic technology, Winbond is deeply aware that our actions affect the global economy, and in fact function as a key factor in shaping the landscape of society. To comply with international standards and domestic policies related to environmental sustainability, we adopted the framework of the Financial Stability Board’s (FSB) Task Force on Climate-Related Financial Disclosures (TCFD) and published Winbond’s first TCFD report in 2022, which was the company’s 35th anniversary. Through this report, we hope to convey our social commitment to our stakeholders.

Chairman and CEO, Arthur Yu-Cheng Chiao