UMC Recognized for ESG Strength With DJSI World & Emerging Markets Index and MSCI-ESG AA Rating
December 11 2023 - 12:45AM
Business Wire
United Microelectronics Corporation (NYSE: UMC; TWSE: 2303)
(“UMC”), a leading global semiconductor wafer foundry, today
announced its 16th consecutive year of being included in the Dow
Jones Sustainability Indices (DJSI) and achieved the top ranking
among its semiconductor foundry peers in the DJSI for multiple
years, marking a significant benchmark for corporate sustainability
performance. Meanwhile, UMC maintained its position as a
constituent stock of the DJSI-Emerging Markets. UMC also achieved a
remarkable AA rating in the MSCI ESG Ratings. This demonstrates
that UMC’s sustainable capabilities have garnered widespread
recognition from the international community.
UMC Co-President and Chief Sustainability Officer, SC Chien,
stated, “We are more than delighted to be ranked highly in two
major international evaluations, which indicates that UMC has long
been recognized for its efforts in sustainable development and is
also at the forefront of the industry. Achieving worldwide
recognition carries both prestige and obligation. UMC will continue
to examine itself with higher ESG standards, take corporate
sustainability as its management principle, provide innovative and
stable semiconductor foundry services, and maintain resilience and
momentum for growth, in order to create values for our customers
and shareholders, while making substantial contributions to global
economic development.”
More than 3,400 large corporations worldwide participated in the
2023 DJSI assessment, and the top 10% of companies in each industry
with the best performance in sustainable management are selected as
constituents. UMC continued to excel in the 2023 evaluation,
receiving high scores in environmental, social and governance
dimensions with 24 PR >90 out of 26 categories. Specifically,
UMC received full marks in the "business ethics," "innovation
management," "product quality & recall management,"
"environmental policy & management system" and "customer
relationship management" categories, demonstrating UMC's long-term
commitment to sustainable management.
In addition, this year UMC has achieved an AA rating in the MSCI
ESG ratings. UMC has scored higher than the industry average in all
six major semiconductor evaluation categories, especially in key
subjects such as "opportunities in clean tech," "water stress,"
"human capital development" and "corporate behavior." UMC has also
consistently been selected as a component of the MSCI ACWI ESG
Leaders Index and the Emerging Markets ESG Leaders Index.
UMC is committed to advancing its ESG initiatives across all
three dimensions. With respect to corporate governance, UMC has
been ranked in the top 5% of listed companies in Taiwan for nine
consecutive years since the inception of the corporate governance
evaluation. In terms of sustainable environment, UMC is
implementing concrete steps to reduce carbon emissions in line with
global trends. This includes making “2050 net-zero emissions”
declaration, joining the RE100 and setting renewable energy
targets, and receiving verification from the SBTi (Science Based
Targets initiative). Finally, UMC places a strong emphasis on
talent development and retention, utilizing assorted channels to
attract talent and providing equal opportunities and resources to
employees. The Company is dedicated to fostering a diverse, equal,
and inclusive workplace environment in collaboration with its
employees, seeking to shape a more promising tomorrow.
About UMC
UMC (NYSE: UMC, TWSE: 2303) is a leading global semiconductor
foundry company. The company provides high quality IC fabrication
services, focusing on logic and various specialty technologies to
serve all major sectors of the electronics industry. UMC’s
comprehensive IC processing technologies and manufacturing
solutions include Logic/Mixed-Signal, embedded High-Voltage,
embedded Non-Volatile-Memory, RFSOI and BCD etc. Most of UMC's
12-in & 8-in fabs with its core R&D are located in Taiwan,
with additional ones throughout Asia. UMC has total 12 fabs in
production with combined capacity of more than 880,000 wafers per
month (8-in equivalent), and all of them are certified with IATF
16949 automotive quality standard. UMC is headquartered in Hsinchu,
Taiwan, plus local offices in United States, Europe, China, Japan,
Korea & Singapore, with worldwide total 20,000 employees. For
more information, please visit: http://www.umc.com.
Note from UMC Concerning Forward-Looking Statements
Some of the statements in the foregoing announcement are
forward-looking within the meaning of the U.S. Federal Securities
laws, including statements about introduction of new services and
technologies, future outsourcing, competition, wafer capacity,
business relationships and market conditions. Investors are
cautioned that actual events and results could differ materially
from these statements as a result of a variety of factors,
including conditions in the overall semiconductor market and
economy; acceptance and demand for products from UMC; and
technological and development risks. Further information regarding
these and other risks is included in UMC’s filings with the U.S.
Securities and Exchange Commission. UMC does not undertake any
obligation to update any forward-looking statement as a result of
new information, future events or otherwise, except as required
under applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20231210598585/en/
Media Jolie Chiu 886-3-578-3358
x31318 jolie_chiu@umc.com
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