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WTW study looks at risks in vital semiconductor sector

Leaders in the semiconductor sector believe the industry will grow. Seventy percent of those surveyed said they anticipated higher-than-expected profitability over the next two years.

Environmental, social and governance concerns were also top of mind for the industry. Addressing ESG regulatory and investment community requirements was a strategic objective for 52% of survey respondents, and 56% of respondents in finance, compliance and board-level roles. Overall, 32% ranked ESG pressures in the top five losses to the business in the past two years, and 30% said that ESG pressures were a risk to their future success. However, only 44% said they had a formal process for managing ESG risk.

The industry also had to adapt to new ways of working and changes in demand trends in the wake of the COVID-19 pandemic. Twenty-nine percent…

Read more at www.insurancebusinessmag.com

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