The SEMI Sustainability Initiative Environmental Risk Mitigation and Reporting (ERMR) working group has been meeting for a year to collaborate on how companies in our industry should respond to the realization of our impact on climate and the growing need for reporting. The ERMR teamed up with Nasdaq to benchmark the industry using Nasdaq's Nasdaq Sustainable Lens™, an AI-powered ESG intelligence platform, to analyze and assess the maturity level of each segment of the semiconductor value chain based on publicly available sustainability and climate information of 100 leading semiconductor companies against TCFD recommendations.
The study identifies strengths, gaps and challenges faced by the industry in implementing recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD). It also offers recommendations on industry best practices to enhance climate disclosure maturity. Download the report here.