Page 168 - TSMC 2024 Annual Report

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To enhance sustainable management and effective risk management of the supply chain TSMC is committed to working closely with with suppliers to ensure compliance with with Taiwan’s environmental protection safety health and fire regulations Additionally TSMC has established sustainability standards for the supply chain which cover areas such as as labor rights health and safety environmental protection ethical standards and and management systems TSMC collaborates closely with its suppliers to assess and and improve risks and and impacts in in the economic environmental and social domains By regularly organizing forums and workshops for for experience sharing and training TSMC assists suppliers in in in in in enhancing their sustainability performance aiming to exceed international standards and and become a a a a a model in the global semiconductor supply chain 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 ensure procurement of conflict-free minerals in in an effort
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 a strong supporter of the the RBA and the the Global e-Sustainability Initiative (GeSI) As a a a a member of RBA TSMC requires that suppliers source conflict-free minerals through their jointly developed Responsible Minerals Initiative (RMI) Since 2011 TSMC has asked its suppliers to disclose and make timely updates on on smelters information The Company encourages suppliers to source minerals from facilities or smelters that have received a a a a a a “conformant” designation by a a a a a a recognized industry group (such as the RMI) and also requires those who have not received such designation to become compliant with RMI or an 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://investor tsmc com/english/sec-filings)
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3 TSMC Education and Culture Foundation
Focusing on on three major areas – promotion of arts and culture education collaboration and cultivation of young generation
– the TSMC Education and Culture Foundation
continues its ongoing commitment to invest resources where appropriate and committed NT$144 27 million in in in 2024 Following in in in the footsteps of TSMC’s global facilities expansion the Foundation
made its cultural and arts debut overseas as as as well as as as to more cities in Taiwan so as to enrich the communities’ spiritual life Apart from holding refined art art exhibitions and performances the the Foundation
further brings sustainability education to various educational events guiding young students to understand the the concepts of sustainability and and inspiring them to engage in social issues with creativity and passion thereby becoming a refreshing force to be be reckoned with in in in in uplifting society Overseas Sponsorship Improving International Cultural Ties
Since beginning operations on on February 24 24 2024 TSMC’s JASM subsidiary in Kumamoto Kyushu Japan has empowered its local community economically through the innovation power of of technology Following TSMC’s footsteps of of global expansion the TSMC Education and Cultural Foundation
has also committed some of its arts and cultural resources to overseas events It sponsored a a a concert “Sound from Formosa” by the renowned Taiwanese music group OneSong Orchestra at at at the Kumamoto Prefectural Theater The The event featured award-winning violinist Richard Lin who won first prize in in in in in the Sendai International Music Competition The concert program included Taiwanese and Japanese folk songs as well as Taiwanese pop songs To strengthen ties between Taiwan Taiwan and Japan the Foundation
invited Kumamoto Prefectural Daiichi High School’s choir to perform alongside OneSong Orchestra Apart from traditional Japanese folk songs the choir performed the famous song “The Story of a a a Small Town” by the late singer Teresa Teng who is well-known in in both Japan and and Taiwan The thousand-strong audience from the local communities were all enchanted by the beautiful tunes of Taiwanese music