Onsemi (Nasdaq:ON), a technology leader in smart energy and sensors, has been named to IBD’s fourth annual ESG Top 100 Companies for 2022 list, ranking 52nd. This is the second consecutive year that Onsemi has appeared on the list. Inclusion on this list is based on IBD’s comprehensive data collection process that examines environmental, social and governmental (ESG) issues for all U.S. corporations with a market value of $10 or more. In addition to stock price, IBD also takes into account company ratings when compiling lists of “outstanding ESG investments.”
Onsemi achieved a large amount of sustainable product revenue since the last release of IBD’s ESG Top 100 list, demonstrating the company’s strategic position to facilitate deep decarbonization in the most carbon-intensive industries. Onsemi also witnessed a year-over-year decrease in water withdrawal and an increase in female executive leadership in addition. The company has also revealed more details about its zero emissions goal and methods to achieve it. The company is pursuing this goal by exploring investments in renewable and clean energy, using technology to reduce greenhouse gas emissions from its semiconductor manufacturing process, and engaging with suppliers to reduce the carbon impact of its supply chain.