TSMC Sustainability Impact Valuation Report 2024

The TSMC Sustainability Impact Valuation Report 2024 is a comprehensive document that outlines the company's approach to sustainability through the lens of impact thinking. It details TSMC's adoption of the double materiality approach as defined by the European Sustainability Reporting Standards (ESRS), which allows the company to assess both the financial and sustainability impacts of its operations. The report emphasizes TSMC's commitment to reducing negative impacts while enhancing positive contributions to society and the environment. It describes the methodologies used for impact assessment, including the Impact Measurement & Valuation (IMV) methodology and the application of the OECD framework. The report also highlights TSMC's initiatives in energy efficiency, renewable energy adoption, and employee welfare. Furthermore, it discusses the importance of integrating sustainability into business decision-making to balance financial performance with social and environmental responsibilities. This document serves as a critical resource for understanding TSMC's sustainability strategy and its implications for stakeholders.