STOCK TITAN

Qualcomm's 2023 Corporate Responsibility Report: Operational Resilience

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Negative)
Tags
Qualcomm's 2023 Corporate Responsibility Report highlights the Company's commitment to operational resilience and emergency preparedness. The report outlines the vision and approach to mitigate, respond to, and recover from operational disruptions, including disasters like pandemics and climate change events. The ERM program drives strategic objectives, with oversight from senior leadership and the Board. Threat risk assessments and mitigation plans are key components of the Operational Resilience team's strategy, aligning with international standards for business continuity management.
Il Rapporto sulla Responsabilità Sociale d'Impresa 2023 di Qualcomm evidenzia l'impegno dell'azienda nella resilienza operativa e nella preparazione alle emergenze. Il rapporto delinea la visione e l'approccio per mitigare, rispondere e riprendersi dalle interruzioni operative, inclusi disastri come pandemie e eventi legati al cambiamento climatico. Il programma ERM guida gli obiettivi strategici, con supervisione della dirigenza senior e del Consiglio di Amministrazione. Le valutazioni dei rischi di minaccia e i piani di mitigazione sono componenti chiave della strategia del team di Resilienza Operativa, allineandosi con gli standard internazionali per la gestione della continuità operativa.
El Informe de Responsabilidad Corporativa 2023 de Qualcomm destaca el compromiso de la compañía con la resiliencia operativa y la preparación ante emergencias. El informe define la visión y el enfoque para mitigar, responder y recuperarse de las interrupciones operativas, incluyendo desastres como pandemias y eventos de cambio climático. El programa ERM impulsa los objetivos estratégicos, con supervisión del liderazgo senior y la Junta. Las evaluaciones de riesgo de amenazas y los planes de mitigación son componentes clave de la estrategia del equipo de Resiliencia Operativa, alineándose con estándares internacionales para la gestión de la continuidad empresarial.
퀄컴의 2023년 기업 책임 보고서는 조직의 운영 복원력과 비상 준비성에 대한 회사의 노력을 강조합니다. 이 보고서는 운영 중단, 팬데믹 및 기후 변화 사건과 같은 재난에 대응 및 회복하기 위한 비전과 접근 방식을 개요합니다. ERM 프로그램은 고위 리더십과 이사회의 감독 하에 전략적 목표를 추진합니다. 위협 위험 평가와 완화 계획은 운영 복원력 팀의 전략의 핵심 구성 요소로, 비즈니스 연속성 관리에 대한 국제 표준에 부합합니다.
Le Rapport de Responsabilité d'Entreprise 2023 de Qualcomm souligne l'engagement de la société à la résilience opérationnelle et à la préparation aux urgences. Le rapport expose la vision et l'approche pour atténuer, répondre et se remettre des perturbations opérationnelles, y compris les désastres tels que les pandémies et les événements liés au changement climatique. Le programme ERM dirige les objectifs stratégiques, sous la supervision de la direction senior et du Conseil. Les évaluations des risques de menaces et les plans d'atténuation sont des composants clés de la stratégie de l'équipe de Résilience Opérationnelle, en alignement avec les normes internationales pour la gestion de la continuité des affaires.
Qualcomms Unternehmensverantwortungsbericht 2023 hebt das Engagement des Unternehmens für operative Resilienz und Notfallvorsorge hervor. Der Bericht skizziert die Vision und den Ansatz, um operative Störungen zu mildern, darauf zu reagieren und sich davon zu erholen, einschließlich Katastrophen wie Pandemien und Klimawandelereignisse. Das ERM-Programm treibt strategische Ziele voran, unter der Aufsicht von obersten Führungskräften und dem Vorstand. Bedrohungsrisikoanalysen und Minderungspläne sind Schlüsselkomponenten der Strategie des Teams für operative Resilienz, in Übereinstimmung mit internationalen Standards für das Management der Unternehmenskontinuität.
Positive
  • None.
Negative
  • None.

Maintaining and safeguarding our operations

NORTHAMPTON, MA / ACCESSWIRE / April 23, 2024 / Qualcomm
Originally published in Qualcomm's 2023 Corporate Responsibility Report

Our Operational Resilience function orchestrates the Company's emergency operations, business resilience, IT incident response and IT service resilience disciplines. The proper adoption of these resilience disciplines enhances our capability to mitigate, prepare for, respond to and recover from operational disruptions.

We have established a vision and holistic approach to operational resilience based on leading industry standards. Our program is designed to provide agile decision-making in the face of potential threats, disasters and during an event. Disasters include local incidents such as building fires, regional physical incidents such as earthquakes or hurricanes/typhoons, technology disruptions and national incidents such as pandemic illnesses and events that occur due to climate change. Our approach is driven by Enterprise Risk Management (ERM) assessments, Company strategy, and regulatory and stakeholder requirements.

Our ERM program is integral to executing our strategic objectives. The program is driven by the ERM Operating Committee, which includes approximately 20 members in senior leadership positions across various functional areas, including Engineering, Finance, HR, IT, Legal, Marketing and Supply Chain. On an annual basis, this committee compiles, evaluates and tiers enterprise risks, including climate change-related risks, before developing associated mitigation plans. Oversight is provided by both the ERM Executive Committee and the Board, and mitigation plans are reviewed by the executive leadership bi-annually for continued relevance.

Our Operational Resilience team utilizes a threat risk assessment process to identify and evaluate risks on a regional basis that may affect the Company's resilience. The threat risk assessment process ranks more than 30 environmental, operational and man-made risks based on the likelihood and impact of an occurrence. We consult with resilience leads based on the potential size and scope of specific impacts. This process is completed annually, with the results presented to executive sponsors. A roadmap is then developed by the operational resilience team and presented to the Governance Committee of the Board of Directors.

Operational Resilience leverages this data when determining the potential impacts from operational disruptions and documents recovery requirements, and devises strategies to enable the Company to continue critical business operations in the event of disaster. Operational Resilience evaluates the effectiveness of plans, assessments and risks identified with training and simulations. The overall program is aligned with ISO 22301, an international standard for business continuity management systems.

Learn more about how Qualcomm is driving innovation, societal advancement and sustainability in the 2023 Corporate Responsibility Report

View additional multimedia and more ESG storytelling from Qualcomm on 3blmedia.com.

Contact Info:
Spokesperson: Qualcomm
Website: https://www.3blmedia.com/profiles/qualcomm
Email: info@3blmedia.com

SOURCE: Qualcomm



View the original press release on accesswire.com

FAQ

What does Qualcomm's 2023 Corporate Responsibility Report focus on?

Qualcomm's 2023 Corporate Responsibility Report focuses on operational resilience, emergency preparedness, and strategic risk management.

How does Qualcomm enhance its capability to respond to operational disruptions?

Qualcomm enhances its capability to respond to operational disruptions through the adoption of resilience disciplines and agile decision-making.

Who is involved in Qualcomm's ERM program?

Qualcomm's ERM program involves the ERM Operating Committee, consisting of senior leadership members across various functional areas.

What international standard does Qualcomm's Operational Resilience program align with?

Qualcomm's Operational Resilience program aligns with ISO 22301, an international standard for business continuity management systems.

How often does Qualcomm conduct threat risk assessments?

Qualcomm conducts threat risk assessments annually to identify and evaluate risks that may affect the Company's resilience.

Qualcomm Inc

NASDAQ:QCOM

QCOM Rankings

QCOM Latest News

QCOM Stock Data

200.48B
1.11B
0.13%
78.46%
1.74%
Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing
Manufacturing
Link
United States of America
SAN DIEGO

About QCOM

Qualcomm is an American multinational corporation headquartered in San Diego, California, and incorporated in Delaware. It creates semiconductors, software, and services related to wireless technology. It owns patents critical to the 5G, 4G, CDMA2000, TD-SCDMA and WCDMA mobile communications standards.