{"id":8051,"date":"2023-06-06T10:04:21","date_gmt":"2023-06-06T02:04:21","guid":{"rendered":"https:\/\/www.greenpeace.org\/eastasia\/?p=8051"},"modified":"2023-06-06T10:04:23","modified_gmt":"2023-06-06T02:04:23","slug":"at-shareholder-meeting-greenpeace-calls-on-tsmc-to-increase-renewable-energy-use","status":"publish","type":"post","link":"https:\/\/www.greenpeace.org\/eastasia\/press\/8051\/at-shareholder-meeting-greenpeace-calls-on-tsmc-to-increase-renewable-energy-use\/","title":{"rendered":"At shareholder meeting, Greenpeace calls on TSMC to increase renewable energy use"},"content":{"rendered":"\n

HSINCHU \u2013 At 8:30 am on June 6, Greenpeace East Asia representatives gathered outside of TSMC\u2019s annual shareholder meeting to call on the chipmaker to increase its use of renewable energy. The representatives set up a booth with a large sign that read \u201cTIME TO CHIP IN\u201d and distributed information about TSMC\u2019s climate performance to attendees of the meeting.

Greenpeace East Asia Climate and Energy Project Manager Yung Jen Chen said:

\u201cIt\u2019s time for TSMC to ramp up its use of renewable energy in line with global standards. Despite TSMC\u2019s existing climate commitments, the company\u2019s emissions continue to rise. TSMC needs to prioritize renewable energy investment and set a clear target to achieve 100 percent renewable energy by 2030. Key clients like Apple are increasingly targeting 100 percent renewable energy across their supply chains, including semiconductor manufacturing. Adopting renewable energy isn\u2019t just a climate imperative \u2013 it\u2019s a business necessity.\u201d

Greenpeace calls on TSMC to formulate a more aggressive renewable energy development strategy, which would prioritize self-generation in addition to investment in off-site renewable energy projects, and to achieve 100% renewable energy by 2030.<\/p>\n\n

\"\"<\/figure>\n\n

\u201cTSMC is not only a key driver of GDP growth in Taiwan, but is also the single most important player when it comes to realizing Taiwan\u2019s net zero commitment. To overcome the shortage of renewable energy in Taiwan\u2019s electricity market, TSMC must transform from a renewable energy consumer to a prosumer. We hope to see TSMC lead Taiwan\u2019s net zero transition,\u201d said Chen.

Background<\/strong>

In 2021, TSMC’s renewable energy use ratio was just 9%, far behind the chipmaker\u2019s rivals Intel (82%) and Samsung Electronics (21%), according to an October 2022 report<\/a> by Greenpeace East Asia and US NGO Stand.earth

In April, another Greenpeace East Asia report <\/a>found that TSMC\u2019s electricity consumption is on track to increase 267% by 2030. By 2030, TSMC is forecast to consume as much electricity as 5.8 million people, or roughly one fourth of Taiwan\u2019s population, the report found.

Media Contacts
<\/strong>
Jimmy Chen, Communications Officer, Greenpeace East Asia, Taipei, +886 988 035 817, jimchen@greenpeace.org

Erin Newport, International Communications Officer, Greenpeace East Asia +886 958 026 791, erin.newport@greenpeace.org<\/p>\n","protected":false},"excerpt":{"rendered":"

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