STMicroelectronics, a global semiconductor leader serving customers across the spectrum of electronics applications, today releases its annual sustainability report detailing 2022 performance, strategy, and ongoing action plans.
The company said its performance across many areas was recognised again by multiple ESG rankings, indices, and international certifications, including Dow Jones Sustainability Index World and Europe, EuroNext VIGEO Europe 120, FTSE4Good, ISS ESG Corporate Rating, and MSCI. It noted that 77% of its new products were identified as responsible, and 23% of the total revenue was derived from responsible products.
Carbon Neutral By 2027
The company witnessed a 40% decrease in GHG emissions for scopes one and two since 2018 in absolute terms (vs a 34% decrease in 2021). It is on track to become carbon neutral by 2027.
Increased sourcing of electricity coming from renewable sources to 62% (from 51% in 2021) was also reported by the company. The reuse, recovery, or recycling of 95% of the company’s waste (vs 90% in 2021) reached the 2025 target ahead of time.
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Over 19,000 employees were trained in 2022 on the new leadership model designed to support the company's transformation journey. It also reached the target of hiring 30% of women for exempt positions for the second year in a row.
Further, 12% of net revenues ($1.9 billion) were invested in R&D by ST to support innovation. It is currently involved in 186 active R&D partnerships worldwide.
Jean Marc Chery, President and CEO, STMicroelectronics, said, “Our strong commitment to sustainability is clear from the important progress we are making in all areas and from our ambition to drive further improvement to achieve all our sustainability goals, including our goal to be carbon neutral by 2027.”