Sustainability Menu
Sustainability Menu
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Determination of Material Topics |
To maintain effective communication with stakeholders and meet their request for sustainability information, UMC conducts the materiality analysis annually.
In accordance with the GRI Standard, material topics with significant impacts are identified through engaging with stakeholders and experts.
Step 1: Understand UMC's Organizational Context |
Understand links between UMC Group's activities, business relationships and the sustainability context in which these occur. Identify its important stakeholders through the overview aforementioned.
Step 2: Identify Actual and Potential Impacts |
To identify the actual and potential impacts of sustainability issues, the materiality assessment is conducted in accordance with the GRI Sustainability Reporting Standards and incorporating the principle of “Double Materiality” from the European Sustainability Reporting Standards (ESRS).
Through impacts description, the Company is able to define the possible impact patterns, and where they occur in the value chain.
Step 3: Assess the Significance of the Impacts |
Quantify the impacts related to each sustainability issue through internal assessment, as well as the involvement of external stakeholder to better understand any concerns.
Step 4: Prioritize Significant Impacts |
After analyzing collected statistics, material issues are prioritized in a materiality matrix based on the significance of their impacts.
Step 5: Determine Material Topics |
The process of materiality assessment was verified by a third-party assurance provider for this report, and the results of the assessment were reported to and signed off by the ESG Steering Committee and the Board of Directors.
2023 Outcomes |
There were 12 material topics identified in 2023, representing sustainability issues for which UMC Group's activities or business relationship have a significant impact on the economy, environment, and society at present or in the future. For details please refer to 2023 UMC Sustainability Report
Communication with Stakeholders |
Based on the 5 major principles of the AA1000 SES-2011 Stakeholder Engagement Standard (SES), UMC identified 7 major categories of stakeholders.
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Stakeholder Communication Method |
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In order to fulfill corporate social responsibility initiatives and to promote economic, environmental, and social advancement for purposes of sustainable development, UMC established its Sustainable Development Best Practice Principles. For more information, please visit Corporate Governance
For the purpose of managing sustainable development initiatives, UMC establishes ESG Steering Committee and Corporate Sustainability Committee to be in charge of proposing and enforcing the
sustainable development mission & vision, systems, relevant management guidelines, and concrete promotional plans and to report on the same to the Board of Directors on a periodic basis. For more information, please visit Corporate Sustainability Governance.
Any significant sustainability information will be disclosed on our website and through press releases. UMC also publishes its Annual Financial Report and Sustainability Report based on major UMC corporate sustainability issues and stakeholder concerns.
The Sustainability Report is compiled according to the GRI standards of the Global Reporting Initiative (GRI) for global sustainability reports, and verified by a 3rd party according to the Account Ability 1000 Assurance Standard.
UMC follows ISO 26000 (Social Responsibility Guidance), Responsible Business Alliance Code of Conduct and introduces various management systems to implement sustainability practice.
The management systems include ISO 14001, ISO 45001, ISO 9001, ISO / TS 16949, IECQ HSPM QC 080000, ISO 50001, ISO 22301, ISO 15408, etc. For more information, please visit Awards and Certificates
UMC has regularly received numerous sustainability-related awards for much of the past decade, such as being selected as a DJSI global component for many years, listed in MSCI ACWI ESG Leaders Index, Channel NewsAsia Sustainability Top 100 Ranking, winning the National Sustainable Development Award, Taiwan Corporate Sustainability Awards, Corporate Social Responsibility Award, etc. For more information, please visit Awards