Corporate Sustainable Development

UMC is committed to the philosophy of “employee care, environmental focus and public service”, and furthering sustainable development, corporate social responsibility and guiding society towards a positive cycle. UMC sustainable development is built on the vision of “to strive for a better and more sustainable future that is centered on people, in harmony with the environment, and enables communities to thrive,” ”Customers, shareholders, employees, the environment and society“ are the primary focus of joint pursuit of sustainable growth.

The ESG Steering Committee serves as the unit for the highest level of ESG decision-making, and appointed the Co-Presidents as the Chairmen to lead the senior executives (C-Suite) to meet every quarter, and to be in charge of determining UMC's ESG governance strategy and goals. In addition, UMC appointed the Co-President to be the Chief Sustainability Officer, and the effectiveness of ESG governance is supervised by the Nomination Committee, which is composed of all independent directors. The Chairman of ESG Steering Committee reports to the Nomination Committee and the Board of Directors annually on the Company's sustainable performance and plans, as well as key issues and countermeasures that stakeholders are concerned about. The Board of Directors also plays a supervisory and guiding role to determine the likelihood of success of the strategy, regularly reviews the progress of the strategy, and guides the management team to make adjustments when necessary.

The Corporate Sustainability (CS) Committee is responsible for stipulating the direction and goals of sustainable development. The eight functional groups of the CS Committee appointed the vice presidents as the groups’ chairs to review the performance and target achievements quarterly. The representative of the CS Committee reports on the plans and their effectiveness related to corporate governance, environmental, and social issues to the ESG Steering Committee quarterly.

Note: More details about the Enterprise Risk Management Committee, please refer to “Risk Management Policy and Organization”