Climate change highlighted the fragility of the society and the importance of business resilience.Winbond has established a business continuity management (BCM) system to identify potential risks in business operations, develop systematic response mechanisms, and implement regular trainings and drills. The system will facilitate quicker response and faster recovery from the impact.
As dealing with climate change is a responsibility we need to participate, Winbond adopted the TCFD (Task Force on Climate-related Financial Disclosures) framework in 2021 to evaluate the risks and opportunities associated with climate change. The result will form the basis of our climate action and help to improve our operation resilience.
Climate Change Risks
Climate Change Risks | Risk Description | Scope of Impact | Winbond Response Strategy |
![]() Increased cost of
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GHG reduction requirements may impact on the cost of energy use due to higher energy prices and need to improve equipment performance. | Market price |
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![]() More robust
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Domestic environmental legislation is still being amended and is becoming stricter. | Operating cost |
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Amendments to the Renewable Energy Development Act increases the cost of energy use for businesses. |
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The Greenhouse Gas Reduction and Management Act will impose caps on GHG emissions and a carbon tax. These may increase operating costs by raising the cost of GHG emissions and electricity. |
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![]() Business interrupted by
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Extreme rainfall and drought:Reduction/disruption of production. | Business interruption |
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Production activities affected by climate disasters such as:flooding, drought, fire, heat, and heavy snow. These events may impact on the delivery time of raw materials. |
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Climate Change Opportunities
Climate Change Opportunities | Opportunity Description | Scope of Impact | Winbond Response Strategy |
![]() Development and/or choose of
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Choose low carbon emission or pollutionreducing eco-friendly products. | Market opportunities |
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![]() Use of recycling and resource saving purchases |
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Operating cost |
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