VIS joins RE100 and pledges to source 100% renewable energy by 2040
Vanguard International Semiconductor Corporation (VIS) is joining the RE100 global renewable energy initiative and pledges to source 100% renewable electricity for its global operations by 2040
In doing so, VIS says that it is becoming the first semiconductor manufacturer in Taiwan to commit to achieving the RE100 targets by 2040. Moreover, VIS has also formulated net zero roadmap to set a steady pace towards 2050 net-zero targets.
VIS proactively fulfills corporate social responsibility. Not only has it been named a constituent of “DJSI World” in two consecutive years, VIS has also been selected as a constituent of Emerging Markets Index for the first time this year, achieving outstanding scores in various environmental indicators. To realize low-carbon transformation, VIS established in 2021 a management framework for climate change topics and set up ”Energy Conservation and Carbon Reduction Committee,” which joins “Corporate Sustainability Committee” and “Enterprise Risk Management Committee” to regularly report to the management team and Board of Directors on three topics: “Carbon Asset Management,” “Energy Conservation and Carbon Reduction,” and “Low-Carbon Supply Chain,” systematically implementing low-carbon transformation plan. In 2021, VIS simultaneously initiated both RE100 and net-zero emissions projects and planned to achieve net-zero targets by 2050. This year, VIS officially became a member of RE100 and would accelerate the pace of using renewable energy, doing its part for environmental sustainability.
VIS' net zero roadmap focuses on energy saving and carbon and emissions reduction, supplemented by use of green power and carbon-negative technology. VIS will also continually promote and guide low-carbon transformation for its supply chain. Through implementing low-carbon transformation roadmap and continually strengthening various green actions, VIS has set concrete carbon reduction targets of 70% lower in 2040 compared to 2021, steadily heading towards 2050 net-zero targets.
“As a leading specialty IC foundry service provider, VIS upholds the sustainability value of harmonious symbiosis with environment and strives to mitigate and adapt to the impacts of climate change on the environment, proactively promoting related green actions,” said VIS Chairman Leuh Fang. “VIS has also pledged to use 100% renewable energy for all its global operations by 2040, and formulated net zero roadmap, hoping to join forces with upstream and downstream partners and RE100 members to promote environment-friendly actions and reduce the impact of climate change.”
VIS currently has five 8-inch fabs. In addition to proactively using renewable energy, VIS also plans to increase renewable energy to 10% of contract electricity capacity by 2023, ahead of the schedule required by law. Also, VIS demonstrates the spirit of power generation for self-consumption, installing solar PV systems within the fabs, which were completed in August this year and began power generation and supply. Furthermore, VIS also issued green bonds for the first time in 2021 for green actions like enhancement of energy efficiency, and strengthening of pollution prevention and waste recycling and reuse.
VIS fulfills its responsibilities as a corporate citizen, and related actions have also garnered the recognitions of important international and domestic accreditors, including being named a constituent of DJSI World and DJSI Emerging Markets Index, and achieving outstanding results at CommonWealth magazine’s Excellence in Corporate Social Responsibility Award, TCSA, GCSA, and CDP questionnaires. VIS will continue to pursue maximization of energy and resource efficiency and improvement of green manufacturing technology, lowering environmental impacts through concrete actions and realizing vision of sustainability.