{"id":390202,"date":"2020-12-01T03:03:13","date_gmt":"2020-12-01T08:03:13","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=390202"},"modified":"2020-12-01T03:03:13","modified_gmt":"2020-12-01T08:03:13","slug":"faraday-leads-industry-to-adopt-tcfd-framework-for-corporate-sustainability","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/faraday-leads-industry-to-adopt-tcfd-framework-for-corporate-sustainability\/","title":{"rendered":"Faraday Leads Industry to Adopt TCFD Framework for Corporate Sustainability"},"content":{"rendered":"

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Faraday Leads Industry to Adopt TCFD Framework for Corporate Sustainability<\/strong><\/p>\n

HSINCHU, Taiwan–(BUSINESS WIRE<\/a>)–
\nFaraday Technology Corporation (TWSE: 3035), a leading ASIC design service and IP provider, today announced support for the TCFD (Task Force on Climate-related Financial Disclosures) recommendations. Faraday is the world\u2019s first ASIC design company and among the first thirty Taiwanese companies listed as a supporter on the TCFD website.\n<\/p>\n

\nFaraday lists climate change as one of its major corporate sustainability issues. Faraday follows the TCFD framework to identify and disclose the risks and opportunities of climate change, providing stakeholders with decision-useful climate-related financial information. In addition to these initiatives, Faraday works in partnership with suppliers and partners to promote environmental sustainability on an ongoing basis.\n<\/p>\n

\nSteve Wang, president of Faraday, said, \u201cClimate change is one of the most critical sustainability issues facing the semiconductor industry today. As an application-specific integrated circuit (ASIC) design company specializing in low-power solutions, Faraday takes a proactive step in supporting the TCFD recommendations. By adopting the TCFD framework, we can effectively disclose climate-related financial risks, opportunities, and strategies of our business and corporate governance for our stakeholders\u2019 concerns.\u201d\n<\/p>\n

\nTo implement corporate sustainability, Faraday has also devoted effort to developing a robust business continuity plan (BCP). As testimony to the effectiveness of this BCP, during the COVID-19 outbreak and the US-China tech war, Faraday quickly established an emergency response command center, and deployed five teams for administration, information, supply chain, R&D, and business operations. Faraday immediately surveyed the affected parts, and determined the appropriate priority of projects and support plans. Following this initial assessment, Faraday executed on risk management protocols and operating systems to reduce the impact on the supply chain and other operational risks that may arise as a result of the offending events. The resulting plan has received worldwide recognition from customers for its flexible supply chain management, rapid response time and risk control capabilities.\n<\/p>\n

About Faraday Technology Corporation <\/b><\/p>\n

\nFaraday Technology Corporation (TWSE: 3035) is a leading ASIC design service and IP provider, certificated to ISO 9001 and ISO 26262. The broad silicon IP portfolio includes I\/O, Cell Library, Memory Compiler, ARM-compliant CPUs, LPDDR4\/4X, DDR4\/3, MIPI D-PHY, V-by-One, USB 3.1\/2.0, 10\/100 Ethernet, Giga Ethernet, SATA3\/2, PCIe Gen4\/3, and 28G programmable SerDes, etc. Headquartered in Taiwan, Faraday has service and support offices around the world, including the U.S., Japan, and China. For more information, visit www.faraday-tech.com<\/a> or follow Faraday on LinkedIn<\/a>.\n<\/p>\n

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View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201201005058\/en\/<\/a><\/span><\/p>\n

\nPress: Faraday Tech, Evan Ke, +886 3 578 7888 ext. 88689, media@faraday-tech.com<\/a><\/p>\n

KEYWORDS:<\/b> Taiwan Asia Pacific<\/p>\n

INDUSTRY KEYWORDS:<\/b> Semiconductor Internet Hardware Environment Technology<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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Faraday Leads Industry to Adopt TCFD Framework for Corporate Sustainability HSINCHU, Taiwan–(BUSINESS WIRE)– Faraday Technology Corporation (TWSE: 3035), a leading ASIC design service and IP provider, today announced support for the TCFD (Task Force on Climate-related Financial Disclosures) recommendations. Faraday is the world\u2019s first ASIC design company and among the first thirty Taiwanese companies listed as a supporter on the TCFD website. Faraday lists climate change as one of its major corporate sustainability issues. Faraday follows the TCFD framework to identify and disclose the risks and opportunities of climate change, providing stakeholders with decision-useful climate-related financial information. In addition to these initiatives, Faraday works in partnership with suppliers and partners to promote environmental sustainability on an ongoing basis. Steve Wang, … <\/p>\n

Continue reading “Faraday Leads Industry to Adopt TCFD Framework for Corporate Sustainability”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-390202","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nFaraday Leads Industry to Adopt TCFD Framework for Corporate Sustainability - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/faraday-leads-industry-to-adopt-tcfd-framework-for-corporate-sustainability\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Faraday Leads Industry to Adopt TCFD Framework for Corporate Sustainability - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Faraday Leads Industry to Adopt TCFD Framework for Corporate Sustainability HSINCHU, Taiwan–(BUSINESS WIRE)– Faraday Technology Corporation (TWSE: 3035), a leading ASIC design service and IP provider, today announced support for the TCFD (Task Force on Climate-related Financial Disclosures) recommendations. Faraday is the world\u2019s first ASIC design company and among the first thirty Taiwanese companies listed as a supporter on the TCFD website. Faraday lists climate change as one of its major corporate sustainability issues. Faraday follows the TCFD framework to identify and disclose the risks and opportunities of climate change, providing stakeholders with decision-useful climate-related financial information. In addition to these initiatives, Faraday works in partnership with suppliers and partners to promote environmental sustainability on an ongoing basis. 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