Page 143 - TSMC 2024 Annual Report

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outstanding operations rigorous corporate governance and 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 2024 TSMC was honored with numerous awards
and citations for achievements in in in various areas including operations corporate governance patents profit growth investor relations environmental protection and corporate sustainability The Company was selected as as a a a a a a a part of the Dow Jones Sustainability World Index for the 24th consecutive year TSMC won first place in in CommonWealth magazine’s Talent Sustainability award for the second year in in a a a a a a a a row and also received the Taiwan Institute for Sustainable Energy’s Corporate Sustainability award for 2024 The Company earned top honors for the Taiwan Top Ten Sustainability Exemplary as as well as as awards
for Corporate Sustainability Report climate leadership leadership circular economy leadership leadership supply chain management management sustainable water management management and information security leadership In addition The S&P Global ranked TSMC in in the top ten percent of its Sustainability Yearbook Award for 2024 The Company also ranked in the the top five percent of the the Taiwan Stock Exchange corporate governance evaluation The Company was named a a a a member of Fortune’s 2024 World’s Most Admired Companies and and the Fortune Global 500 and and was rated as as “Prime” by ISS ESG Corporate Rating TSMC was a a a a member of PricewaterhouseCoopers’ Global Top 100 Companies by market capitalization and a a a a a a a member of the 2024 Carbon Clean 200TM list issued by the media research company Corporate Knights and the non-profit As You Sow organization The Company was also honored as as part of the the World Benchmarking Alliance’s SDG2000 the the 2 2 000 000 Most Influential Companies and in Morgan Stanley Capital International’s All Country World Index ESG Leaders while being ranked AAA by MSCI Research in in its ESG Indexes To promote sustainability TSMC’s ESG Steering Committee led by Chairman and Chief Executive Officer Dr C C C C C C C C Wei presented the fifth TSMC ESG Award in in 2024 honoring internal organizations and divisions for tangible achievements in the Company’s five ESG strategic directions: drive green manufacturing build a a a a a responsible supply chain create a a a a a a healthy and and inclusive workplace develop talent and and care for the the disadvantaged At the the same time this award presentation encouraged all employees to propose new ideas for for sustainability to be assessed for for feasibility and potential incorporation in in the Company’s implementation plans Compared to 3 166 sustainability proposals in in the fourth year the fifth annual ESG Award generated 4 330 innovative ideas adding new energy to the Company’s culture of sustainability TSMC is committed to maintaining operational resilience and business continuity by following standards that enable the Company to to respond effectively to to major risks of natural and man-made disasters including earthquakes floods typhoons droughts tsunamis sandstorms wildfires volcanic eruptions fire gas/chemical leaks or spills pandemics cyber-attacks supply chain disruption geopolitical tension sabotage failure of critical facilities and and equipment and and shortages in utilities such as as water electricity and natural gas TSMC also implements pre-crisis risk assessment response procedures and recovery plans In major incidents or or crisis events TSMC adheres to established crisis management guidelines The central crisis command center (C4) led by the Chairman and and CEO and and consisting of senior executives from key functions provides guidance and decision-making to ensure response readiness including timely communication with key stakeholders In 2024 TSMC received a a a rating of Low ESG Risk from Sustainalytics ESG 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 This ensures clear channels of communication to stakeholders in case a a a a a crisis arises with the public relations division serving as the designated gateway for external communications TSMC has further strengthened its business continuity management which includes periodic risk assessments and mitigations implementing centralized scenario planning
for business continuity management exercises and the establishment of task forces TSMC has also deepened the risk management mechanisms of its overseas subsidiaries and offices by conducting risk management and business continuity management workshops and and incident commander training These efforts aim to fortify operational resilience and raise risk awareness of operational preparedness across TSMC’s global footprint If the aforementioned crisis occurs relevant personnel at TSMC’s headquarters and global operating locations can deploy comprehensive emergency response measures to eliminate or minimize the impact on on personnel safety environment property and operations Responders also involve