SDGs & TIMM

UN Sustainable Development Goals and Sustainable Values Assessment

ASEH is building upon its technology leadership to steer the semiconductor industry towards greater sustainability. Since 2017, we have adopted the Total Impact Measurement and Management (TIMM) framework and Social Return on Investment (SROI) analysis to assess the social impacts and operational risks of the company’s business activities using monetary valuation tools. In 2018, we began referencing the United Nation’s Integrating the SDGs into Corporate Reporting: A Practical Guide to map out sustainable development goals (SDG) and sub-targets that need to be actively addressed. In 2019, we used the SDG Compass Inventory of Business Indicators to examine the positive and negative impacts of our four major SDGs and the outcomes of our actions. In 2020, we further applied sustainable value assessment used internally to the value chain so as to understand and analyze the impact of value chain activities on the environment and society. In 2022, we associate the monetized outcomes of positive and negative impacts with significant issues. This information will then be provided to the CSC to serve as references for the performing of weighing and comparisons in the value creation decision-making process. By examining and analyzing the sustainability outcomes of actions by ASEH subsidiaries, we have been able to develop action plans and policies for improvements and reduce the impact of potential risks. As such, we are able to fulfill our vision of promoting the United Nations’ 2030 SDGs via our own core competencies.

Contributions to Global SDGs

We adopted sustainability management measures for prioritized SDGs to generate more positive impacts and contributions. In 2022, our business activities help boost GDP and local economies while at the same time, our business returns are invested into employee benefits, social welfare, renewable energy and biodiversity to give back to society, therefore, can result in positive impact on the SDGs of decent work and economic growth, quality education, responsible consumption and production, life below water and life on land in terms of sustainable management. Demands on environmental resources in our business operations can result in negative impacts on the SDGs of affordable and clean energy, climate action, and clean water and sanitation. We have therefore committed ourselves to mitigating these impacts by focusing on sustainability programs through our Low Carbon and Circular strategies. In 2022, we are refining our goals for 2030 based on our four major sustainability strategies, so as to fulfill our commitment toward realizing these SDGs.

Sustainability Value and Impacts

ASEH adopted the TIMM framework for sustainability valuation to quantify the sustainable value of the company’s impacts in the economic, tax, environmental and social dimensions. In 2022, ASEH generated US$15,403 million worth of sustainable value for stakeholders, which is 1.9% higher than in 2021. The sustainable value of positive impacts increased by US$285 million. For more information on ASEH’s sustainable values, please refer to Total Impact Measurement and Management Report.