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 7 meetings in 2024 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 2024 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 energy efficient equipment
- Approval of the Signing of Agreement with Chenhwa Power Co., Ltd. for the Procurement of 27MW of Solar Power
- Approval of our company's proposal to sign a contract with Energy Helper TCC Corporation for the purchase of onshore wind power
- Proposal to sign a contract with Sino-American Silicon Products Inc.'s subsidiary Sustainable Energy Solution Co., Ltd. for the procurement of 25MW offshore wind power and 48MW solar power
- IFRS Sustainability Disclosure Standards Implementation Project Schedule Report
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.
2024 Board of Directors Climate-Related Competency Development Topics
- Carbon Trading Mechanism and Carbon Management Applications
- Opportunities and Challenges of Generative AI; Leveraging Climate Legal and Economic Tools to Address Carbon Reduction Challenges under Scope 3 – Carbon Creditization of Micromobility
- Lessons Learnt from the Challenges in Growth of Renowned Multinationals/The Trend and challenges of climate change and corporate sustainability
Competence Development for Managers and Employees regarding Climate Change
Winbond has invested significant time and resources to successfully convey the risks and impacts of climate change to all employees. We are actively cultivating employees' foundational understanding through various channels, hoping to embed carbon reduction thinking deeply within every employee. To encourage colleagues to practice sustainable development and contribute to society, starting from the second half of 2024, we will pilot the inclusion of 'ESG Activity Participation' in performance evaluations. We are launching a 'Sustainability Performance Platform' to gather various internal and external ESG-related activities, courses, and lectures. We anticipate that the promotion of this platform will encourage colleagues to gain a deeper understanding of corporate sustainability and actively participate to enhance their sustainability engagement.