STMicroelectronics, a global leader in semiconductors, has released its annual sustainability report detailing its performance, strategy, and ongoing action plans for 2022. The report emphasizes the company’s commitment to sustainability through its products, technologies, and responsible supply chain practices, with a goal to become carbon neutral by 2027.
ST’s sustainability efforts are guided by a materiality exercise involving multiple stakeholders and align with Global Reporting Initiative (GRI) Standards for inclusiveness, context, materiality, and completeness. The company’s performance has been recognized by various ESG rankings, indices, and certifications, including Dow Jones Sustainability Index, EuroNext VIGEO Europe 120, FTSE4Good, ISS ESG Corporate Rating, and MSCI.
In 2022, ST made significant progress in its sustainability goals, with notable achievements in sustainable technology, sustainable practices, and being a sustainable company:
- 77% of new products were identified as responsible, incorporating responsible sourcing, eco-design, advanced environmental, health, and safety (EHS) standards in manufacturing, responsible products, and applications, compared to 69% in 2021.
- 23% of total revenue came from responsible products, up from 20% in 2021.
- ST is on track to achieve carbon neutrality by 2027 and reduced its greenhouse gas (GHG) emissions by 40% for scopes 1 and 2 since 2018, surpassing the 34% reduction in 2021.
- The company increased its sourcing of electricity from renewable sources to 62%, up from 51% in 2021.
- ST achieved its 2025 target for waste management ahead of time, with 95% of its waste being reused, recovered, or recycled, compared to 90% in 2021.
- ST prioritizes its people, with sustainability performance being part of the incentive program for over 21,000 employees.
- Over 19,000 employees received training in 2022 on the new leadership model designed to support the company’s transformation journey.
- Employee engagement remains high, with 86% of employees recommending ST as a great place to work, a 3-point increase from 2021.
- ST achieved a best-in-class performance in reducing work-related injuries, with a recordable case rate of 0.10 per 100 employees in 2022, down from 0.12 in 2021.
- The company met its target of hiring 30% women for exempt positions for the second consecutive year.
- ST invested 12% of its net revenues (US$1.9 billion) in research and development (R&D) to support innovation.
- The company is involved in 186 active R&D partnerships worldwide.
- ST promotes STEM education through more than 450 events and initiatives, reaching over 100,000 students and teachers.
ST’s sustainability report is aligned with the United Nations Global Compact Principles and Sustainable Development Goals, as well as the Science Based Targets initiative. The report is also in accordance with Global Reporting Standards (GRI), Sustainability Accounting Standards Boards (SASB), and Task Force on Climate-Related Financial Disclosures (TCFD) and has been verified by a third-party.
More information on ST’s sustainability efforts can be found at https://www.st.com/content/st_com/en/about/sustainability.html.