UMC has established a comprehensive set of response procedures aimed at addressing the needs of a diverse range of emergency conditions, thus reducing management uncertainty to the lowest achievable level.
Based on the evaluation of the company's operations, UMC classifies risks into:
Operations Risks and Financial Risks Management
UMC holds shareholder meetings and investor conferences regularly to maintain a high-level of financial transparency. The company consistently meets its obligation as corporate citizen by participating in public and social activities
UMC closely monitors the changes of policies and makes proper adjustments in internal systems and business activities accordingly to ensure the smooth operation of the company.
In case of a material shortage due to centralized purchase, low vendor capacity, accidents or natural disasters, UMC has its suppliers store and manage materials in the UMC warehouse to lower the risks of material shortage. Relevant operation guidelines are formulated based on four aspects of "Risk Assessment", "Business Impact Analysis", "Incident Management and Operations Plan" and "Materials Emergency Purchasing".
For further information please click the links below 2016 Annual Report.
Business Continuity Management
UMC recognizes that sustainable business operations have to provide its valued customers and important stakeholders with uninterrupted services. To maintain customer satisfaction in terms of variety, quality and continuity is the biggest objective of the company’s business continuity management. In addition to developing site level-business continuity plan, UMC implements the business continuity management system following ISO 22301 to ensure the highest possible operating level and further protect the interests of customers and stakeholders during a disaster.
In 2013, UMC, a leading global semiconductor foundry, received ISO 22301 certification for the business continuity management system and became the first foundry worldwide to achieve ISO 22301 certification. In 2016, certification was extended to UMC’s Fab 12i in Singapore, achieved the company goal for all of its 12-inch fabs to earn certification, reaffirming to customers UMC’s commitment to providing uninterrupted foundry services.Business Continuity Policy
- UMC strives to provide the most competitive wafer foundry services while constantly pursuing co-development partnerships with customers. To provide customers with diversified, quality and uninterrupted foundry manufacturing service is the highest principle of the Company’s business continuity management.
- UMC will carry out BCM organizational operations, conduct operational impact analysis and risk assessment, and initiate its BC strategy and objective accordingly as the operating environment changes. Necessary resources are then invested for implementation, review and constant improvement.
- When disasters or events impacting operations occur, UMC will follow its BC strategy and invest in resources to maintain and restore operations to the highest possible level. During incidents, the Company will also maintain open communication with customers and stakeholders and strive for their best interests.
Objective of Hazard Risk Management
As a global manufacturing leader, UMC is well aware of the numerous natural and man-made disasters that may affect or impact its operations and employees. UMC‘s approach to hazard risk management is based on precautionary measures. To reach Highly Protected Risk(HPR)UMC follows strict engineering safety procedures, enforces safety codes and standards, and detailed industry safety guidelines.
Hazard Risk Control
UMC's risk control strategy has been implemented in many ways, such as strengthening physical protection standards, enhancing emergency response abilities, and constructing natural hazard early warning systems, etc., to achieve continuous operation promise. The achievements from 2014 to 2017 are as the following:
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