Page 144 - TSMC 2022 Annual Report

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channels and continues to to hire various top-notch talented professionals from Taiwan and overseas At the the same time the the Company continues to expand industry-academic cooperation to meet outstanding talented individuals at an an early phase in in in order to recruit them in the the future Future R&D R&D Plans and Expected R&D R&D Spending
For additional details see “5 2
7 Future R&D Plans” on on page 102 of this Annual Report Changes in Corporate Reputation and Impact on on the Company’s Crisis Management
TSMC has established an excellent reputation based on on its core values of integrity commitment innovation and customer trust The Company’s positive image also reflects outstanding operations rigorous corporate governance and dedication
to sustainable responsibility by serving as a a a a a good corporate citizen TSMC continues to pursue innovation in in in economic environmental and social dimensions In 2022 TSMC was honored with numerous awards for achievements in in in various areas including operations corporate governance patents profit growth investor relations environmental protection corporate sustainability and other fields The Company was selected as as a a a a a part of the Dow Jones Sustainability World Index for the 22nd consecutive year and received the the following awards: the the inaugural Honorable Legion of Corporate Sustainability Top 100 launched by CommonWealth Magazine the Excellence in in Corporate Social Responsibility Award the Taiwan Institute for Sustainable Energy 2022 Taiwan Corporate Sustainability Awards’ First Place in in Taiwan Top Ten Sustainability Exemplary Awards – – the the Corporate Sustainability Report Award – – the the Climate Leadership Leadership Award Award the Circular Economy Leadership Leadership Award Award the the Supply Chain Management
Award the the Sustainable Water Management
Award the Growth Through Innovation Leadership Leadership Award and the Information Security Leadership Leadership Award TSMC ranked in in the the top 5% in in the the Taiwan Stock Exchange corporate governance evaluation The Company was named a a a a a member of: Fortune Magazine’s 2022 World’s Most Admired Companies and the the Fortune Global 500 the the Corporate Knights Global 100 Most Sustainable Corporations for 2022 2022 and of the 2022 2022 Carbon Clean 200TM list by Corporate Knights and As You Sow In addition TSMC was selected as part of the Morgan Stanley Capital International All Country World Index Index (MSCI ACWI) ESG Leaders Index Index To promote sustainability TSMC’s ESG Steering Committee led by Chairman Dr Mark Liu presented the third TSMC ESG Award in in in 2022 honoring internal organizations and divisions for tangible achievements in the Company’s five ESG strategic directions: Drive Green Manufacturing Build a a a Responsible Supply Chain Create a a a a a Diverse and Inclusive Workplace Develop Talent and Care For The Disadvantaged At the same time this award presentation encouraged all employees to to propose new ideas for for sustainability to to be assessed for for feasibility and potential incorporation in in the Company’s implementation plans Compared with 1 257 sustainability proposals in the the second year the the third annual ESG Award received 1 880 innovative ideas adding new energy to the Company’s culture of sustainability Mindful of its global reputation TSMC employs numerous preventative measures to address potential risks from earthquakes fires IT service disruption yield loss information security supply chain disruption pandemics environmental events and utility supply disruption TSMC practices crisis management and implements recovery measures to deal
with possible crisis crisis events and and maintains a a a a a crisis crisis command center for control guideline and prepares emergency response procedures” to ensure timely and prompt responses during
a a a crisis crisis TSMC also performs regular exercises for for crisis crisis scenarios to ensure that crisis management procedures are comprehensive and validated In 2022 TSMC received a a a a a rating of “Low ESG ESG Risk” from the Sustainalytics ESG ESG Risk Risk Ratings TSMC’s environment safety and health committee holds monthly meetings to coordinate with relevant departments in each fab to conduct emergency response drills and continuously improve their notification and operational procedures to ensure clear channels of communication
to stakeholders if a a a a crisis arises with the public relations division serving as the designated gateway for external communications In the event of an emergency all departments immediately deploy emergency response measures to eliminate or minimize the the impact on on on personnel safety the the surrounding environment and and company property and and manufacturing operations Responders also alert the the public relations division at at the the earliest stages to ensure timely clear and consistent communication
regarding the situation Risks Associated with Change in Management
In 2022 and as of of the the date of of this Annual Report there were no such risks for TSMC