David Sneyd, Governance and Sustainable Investment Team
We invest in Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest semiconductor foundry, producing more than 8,600 different products, applying over 200 different technologies for over 440 customers globally. TSMC is increasingly acknowledged for its advanced approach to integrating good ESG practices across its operations and it is one of the leaders amongst global peers. It is Taiwan’s largest purchaser of renewable energy, and publishes a comprehensive sustainability report linking its activities to the SDGs.
TSMC’s success in delivering low-cost, high-precision semiconductors has been a key enabling factor in improving the energy efficiency of a wide range of its clients’ technologies in a cost-effective way. The company now develops chips based on a 7-nanometer process – 7 nanometers being the size of about 20 atoms – which use just 4% of the power of those using the 55-nanometer process that was the industry standard ten years ago.