Our Focuses｜Climate Change Management｜Climate Governance
Climate Change Management
Winbond embraces the vision of being an "Be a hidden champion in providing sustainable semiconductors to enrich human life". In response to international guidelines and domestic policies geared towards green sustainability, Winbond has implemented the Task Force on Climate-related Financial Disclosures (TCFD) framework for the third year to assess the potential climate change risks and opportunities as the basis for promoting climate mitigation and adaptation actions, enhancing the company's operational resilience.
Publish the first independent TCFD report in 2023
Establish twelve Climate-Related Management Metrics
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Climate Governance
Important Milestones in Climate Change Adaptation
Climate Organizational Framework
Governance and Oversight by the Board of Directors
Winbond has established a well-developed governance framework. The Board of Directors is Winbond’s highest governing body, in charge of its operations and decision-making. The Board of Directors is responsible for ensuring the sustainable development of the Company and guaranteeing the rights of the Company’s shareholders and other stakeholders.
Winbond’s 13th Board of Directors consists of 11 directors, 4 of whom are independent directors and 3 of whom are women. More than two-thirds of the directors do not work as managers or employees of the company. Winbond’s Chairman serving concurrently as CEO is to lead the management team to effectively implement the decisions of the Board of Directors. The Board held 10 meetings in 2023 with the attendance rate of 100%.
Assessment and Management of the Executive level
To establish a well-developed governance framework, Audit Committee, Renumeration Committee, ESG Committee, Risk Management Committee, and Senior Executive Development Committee have been established under the Board of Directors. Each functional committee is responsible to the Board of Directors and submits proposals to the Board of Directors for resolution.
The ESG Office and its five functional teams focusing on the areas of Environmental Sustainability, Green Product, Human Rights and Social Inclusion, Sustainable Supply Chain, and Corporate Governancewere formed under the ESG Committee.Members of the functional teams with the requisite expertisewere tapped to formthe TCFD project team.
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Accountability Measures
Reporting to the Board of Directors
Winbond continues to incorporate climate change-related proposals into the decision-making process of the Board of Directors to ensure corporate leadership and sustainability in addressing climate change.
Important Climate-Related Proposals and Reports for the 2023 Board of Directors
- Report quarterly on the planning of greenhouse gas inventory and timeline (including subsidiary companies)
- Approval of increased capital expenditure budget for equipment replacement with energyefficient
equipment - Approval of revised Winbond’s Sustainability Development Best Practice Principles
- Authorized the procurement of 30MW of offshore wind energy through SUSTAINABLE ENERGY SOLUTION CO.
- Green energy procurement report
- Investment report of Kai-Hong Energy Co., Ltd.
Competence Development for the Board of Directors Regarding Climate Change
To enhance the professional competencies of the Board of Directors, Winbond references current international trends, domestic regulations, and the Company’s development needs, selects important issues in climate change, and invites experts in the relevant fields to serve as speakers.
2023 Board of Directors Climate-Related Competency Development Topics
- Utilizing policy diverse resource strategy to connect Taiwan local communities to achieve corporate CSR goals
- The development and challenges of international new net-zero technologies
- (2050 Carbon Neutrality) start from 2027 「Hsinchu Baoshan Native Plant Conservation and Environmental Education Park」plan
- The development and implications of International Carbon Border Adjustment Mechanism
- 2023 Cathay sustainable finance and climate change summit
Competence Development for Managers and Employees regarding Climate Change
Winbond has invested a great deal of time and resources into successfully communicating the risks and impacts of climate change to all of the company’s employees. The Company uses a range of channels to actively cultivate the basic awareness of employees in the hope of instilling the concept of carbon reduction. Through a combination of internal and external training courses, slogans on the company intranet, and shared articles, Winbond encourages every employee to pay extra attention to the impact of climate change on both work and life, and to spread the idea to their family members and even implement the eco-friendly practices promoted by the Company at home. Doing so makes it easier for the Company to bring employees onboard when promotion carbon reduction actions to realize the goal of net zero emissions.