A review of 2021 shows that the frequency of extreme weather is increasing, Taiwan is facing the worst drought in half a century, the increase in electricity consumption in hot weather also brings power shortage concerns, the supply chain disruptions caused by COVID-19, and the global transportation upheavals have posed major challenges. To achieve carbon neutrality, many countries have proposed a carbon tariff mechanism to force companies to take responsibility for the carbon footprint of their products. These actions highlight the importance of Environmental, Social, and Governance (ESG) importance and have become the key to sustainable business operations.
✤ Sustainability Commitment – 100% renewable energy by 2050 ✤
GlobalWafers dedicates in supporting Taiwan net-zero transition with practical actions, pledging all subsidiaries of the group to use 100% renewable energy by 2050. Semiconductor wafer manufacturing consumes power heavily, GlobalWafers devotes to increasing the weight of green energy by implementing the profound experiences of Sino-American Silicon Products Inc., the parent Company, in building solar power plants along with signing Power Purchase Agreement (PPA) and purchasing Renewable Energy Certificates (RECs), supplemented by the climate blueprint: 20% by 2030, 35% by 2035, and 50% by 2040 usage ratio of renewable energy, gradually achieves the long-term goal of 100% renewable energy usage by 2050 to reduce the carbon emissions from electricity consumption and contributes to the sustainable environment.
Detailed measures include the following:
✤ Actively address climate change challenges ✤
GlobalWafers deeply understands the impact and constraints of climate change on the operating environment and has taken the risk factors into account when making operational decisions.
✤ Building resilient supply chains ✤
Geopolitical conflicts and the spread of COVID-19 have disrupted international supply chains. The border closures and terminal shutdowns have also interrupted production and commercial activities. The semiconductor industry is one of the most complex international supply chains. Suppliers of different levels are located in different countries, subject to different epidemic prevention policies and climate change impacts.
GlobalWafers has actively constructed a resilient supply chain to reduce external shocks and adapts to changes as follows:
✤ Sincere care for employees to protect physical and mental health ✤
✤ Give Back to Society ✤
Responsible growth is the operating principle of GlobalWafers. We are committed to becoming a global benchmark in three aspects: environmental protection, health and safety, and corporate governance. GlobalWafers will remind itself not to forget the social responsibility while increasing profitability, and maintain the cycle of altruism while expanding its operating scale. Each person is a starting point of something wonderful, and the power of the enterprise can magnify care and warmth to build a sustainable and harmonious society.
Chairperson and CEO of GlobalWafers