Currently, Rambus evaluates climate-related risks as an integral part of our wider risk management frameworks including ISO 9001 and Business Continuity Management System (BCMS). The Board of Directors meets regularly to receive reports from its committees, as well as from management with respect to areas of material risk to the company, including legal, operational, financial and strategic risks. Currently the Rambus ERM program does not include climate-related risks. Rather, climate risks are considered as an input when relevant and are integrated into the management systems.
Rambus follows the standard set forth in the ISO 9001 management system. Under the ISO 9001 system, business units identify risks that could impact their operations. Climate-related issues are considered in this process when relevant. Risks are incorporated into the risk register, managed by the assigned risk owners, and evaluated periodically. Through the BCMS framework, climate-related issues are evaluated as an integral part of risk factors that could impact business continuity. Leaders in Operations, HR and Technology Partnerships and Corporate Development ensure that business continuity is integrated into Rambus's business strategy and operations and promote the continual improvement of the BCMS. This leadership team is also supported by a cross-functional working group. This working group is responsible for reviewing internal and external issues on a regular basis, supporting the implementation of business continuity initiatives, and ensuring the effectiveness of the management systems.
Additionally, Rambus established an Environmental, Health and Safety management system, that is aligned with ISO 50001 standards for energy management and ISO 14001 standards for environmental management. At the completion of this work, Rambus' entire operations will certified to ISO14001. Through the ISO management systems, our local champions for EHS actively work towards environmental excellence globally at Rambus. We identify environmental and energy aspects of our activities, products and services, understand their associated environmental and energy impacts, assess risks and opportunities, and seek to continuously improve our performance through the plan-do-act-check framework. By establishing and maintaining an environmental and energy management program based on ISO standards, we ensure that our management policies and procedures meet internationally recognized standards for accountability and continuous improvement. Our robust framework of ISO standards also allows us to clearly identify corrective actions, potential risks and possible opportunities, with the goal of reducing variability, advancing best management practices throughout the organization and achieving long-term sustainable success. We take an integrated approach that emphasizes four key focus areas:
We are taking measures to prevent or achieve our commitment to environmental excellence. Our strategies focus on measuring our impact, maximizing efficiency, and pursuing renewable energy. In the coming years, Rambus plans to enhance the ERM program by incorporating climate-related risks into main pillars such as financial, market, brand, operational and compliance risks. We believe that the updated ERM program will allow us to further integrate climate-related in the organization and streamline the process of identifying, assessing and managing these risks.