Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-08-24 22:14Core Insights - The release of the new generation language model DeepSeek-V3.1 has heightened market interest in the semiconductor industry, emphasizing the importance of sustainability for long-term competitiveness [1] - A study of 50 selected semiconductor stocks revealed an ESG report disclosure rate of 66%, with higher ESG ratings among companies with larger market capitalizations [2][3] ESG Reporting and Ratings - Among the 50 semiconductor companies, 33 disclosed their ESG reports for 2024, with 9 out of the top 10 companies achieving ESG ratings of B+ or higher [2] - Chip design companies predominantly received B ratings, with 17% achieving A ratings, indicating a need for improved disclosure quality [2][3] Governance and R&D Investment - High human capital density and R&D intensity in the semiconductor sector necessitate strong corporate governance for long-term success [3] - Notable companies like Cambricon and SMIC have established robust governance structures, including ESG committees and multi-tier governance frameworks [3] - Cambricon's R&D investment for 2024 is projected at 1.072 billion yuan, representing 91% of its revenue, the highest among the 50 companies analyzed [3] Environmental Impact and Carbon Emissions - The semiconductor industry is energy and resource-intensive, with significant carbon emissions during manufacturing, particularly from perfluorocarbons (PFCs) [6] - In 2021, semiconductor devices were estimated to generate 500 million tons of CO2 equivalent emissions over their lifecycle, with 15% from upstream activities and 65% from downstream processes [6][7] Water and Resource Management - Water resource management and renewable energy usage are critical for the semiconductor industry, with companies like SMIC and Huada Jiutian making strides in these areas [8][9] - SMIC has implemented water-saving projects and disclosed its water consumption intensity, while Huada Jiutian has established a rooftop solar power system [8][9] Market Dynamics and Regulatory Environment - The downstream market is pressuring the semiconductor industry to reduce carbon footprints, with major tech companies committing to supply chain carbon neutrality [10][11] - Regulatory frameworks like the EU's Carbon Border Adjustment Mechanism (CBAM) and TCFD guidelines are pushing semiconductor companies to enhance their sustainability disclosures [11][12] Conclusion - The semiconductor industry's sustainable development is crucial for its future, with ongoing pressures from environmental challenges and market demands driving innovation and transformation [12]