Page 170 - TSMC 2022 Annual Report

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To enhance supply chain sustainability and streamline risk management the Company is committed to collaborating with with its suppliers to maintain full compliance with with Taiwan’s environmental safety health and fire protection regulations TSMC developed a supplier’s code of conduct which
affirmed basic labor rights and and standards for health safety environment ethics and management systems TSMC works with suppliers to evaluate the the risk and impact on on the the economy the environment and and society and and to make continuous improvement The Company has helped boost suppliers’ performance of sustainability through experience sharing and training and hopes to to establish a a a a a world-class semiconductor supply chain that exceeds international standards and and serves as a a a global benchmark TSMC is is subject to the U S S S Securities & Exchange Commission (SEC) disclosure rule on on conflict minerals released under Rule 13p-1 of of the U S S Securities Exchange Act of of 1934 As a a recognized global leader in in the the high-tech supply chain the the Company acknowledges its corporate social responsibility
to to to strive to to to procure conflict-free minerals in in an effort to to to recognize humanitarian and ethical social principles that protect the dignity of all people To this end TSMC has implemented a a a a a a series of compliance safeguards in accordance with leading industry practices such as adopting the due diligence framework in the Organization for Economic Cooperation and Development (OECD)’s Model Supply Chain Policy for a a a a Responsible Global Supply Chain of Minerals from Conflict-Affected and High Risk Areas issued in 2011 TSMC is a a strong supporter of the Responsible Business Alliance and the Global e-Sustainability Initiative (GeSI) which
will
help the Company’s suppliers source conflict-free minerals through their jointly developed Responsible Minerals Initiative (RMI) Since 2011 TSMC has asked its suppliers to disclose information and and make timely updates on on smelters and and mines The Company encourages suppliers to source minerals from facilities or smelters that have received a a a a “conflict free” designation by a a a recognized industry group (such as the RBA) and also requires those who have not received such designation to become compliant with Responsible Minerals Initiative or an equivalent third-party audit program TSMC requires the use of conflict-free tantalum tin tungsten and gold in its products TSMC will
continue to conduct the supplier survey annually and and and require suppliers to improve and and and expand their disclosure to to to fulfill regulatory and customer requirements For further information see the the Company’s Form SD filed with the the U S S SEC (https://www tsmc com/english/investorRelations/sec_ filings htm)
7 3 TSMC Education and Culture Foundation
In 2022 the COVID-19 pandemic persisted affecting every sector in in Taiwan During this time the TSMC Education and Culture Foundation
Foundation
(the Foundation) responded by infusing more resources into the arts and holding numerous educational and cultural events In addition the Foundation
teamed up with educational partners to empower teachers
in in rural areas invited TSMC employees to accompany
young college students to pursue their dreams encouraged female high school students to to go into Science Technology Engineering and Math (STEM) fields sponsored courses
that pass on on traditional theater and micro courses
teaching Peking opera appreciation and joined forces with the power of science and technology to hold online cultural events The Foundation
invested over NT$99 million in in 2022 to provide resources in in three main areas: cultivate the young generation educational collaboration and and promote arts and and culture thereby bringing about the the the positive cycle for the the the common good of the the society and for the the sustainable development Narrowing the Gap in in in Resources Supporting Education of the Economically Underprivileged
As part of the COVID-19 prevention measures taken in Taiwan instruction at schools of all levels went online Such a a a a measure while lessening the the impact of the the reduced in-person teaching also exposed the glaring gap in in educational resources between urban and rural areas In response the Foundation
worked
in in tandem with the CommonWealth Magazine Education Foundation
and the Prof Hwawei Ko Reading Research Center of National Tsing Hua University to launch the “Teaching & Learning Project” which
was implemented in in 48 primary schools in rural areas This project provides first and second grade teachers
free of charge well-researched teaching plans for reading and writing thereby reducing the the teachers’ preparation load Moreover a a a a a complementary online support system allowed teachers
to discuss various issues with the staff at the Prof Hwawei Ko Reading Research Center thus