Risk Management and Actions
Risk Matrix - Identifying and Assessing Climate Risks
ASUS implements climate risk and opportunity identification based on the TCFD framework to assess the probability, frequency, and possible impact on ASUS. It evaluates its risk value and opportunity value and selects transition and physical risks that require prioritized attention.
Based on the impact and significance on the group's operations, ASUS refers to the risk factors and opportunities suggested by TCFD, draws a risk matrix with "probability of occurrence" and "impact degree" rating risk level, and identifies transformation risks and physical risks.
In order to respond to the complexity and impact of the market caused by climate change, we must adjust the supply and demand with various methods, including policy, law, technology, and market changes to mitigate and adapt to the needs of climate change prevention.
- Carbon Border Adjustment Mechanism (CBAM)
- Increase in Production Costs Caused by Carbon Taxes
- Changes in Consumer Behavior
The actual risks caused by long-term climate change and immediate extreme weather disasters would have a direct impact on the industry and supply chain disruptions.
- Extreme weather shuts down supply chains