STMicroelectronics: Driving Innovation and Sustainability for a Brighter Future
Introducing STMicroelectronics: Pioneering Sustainability in the Semiconductor Industry
STMicroelectronics, a global powerhouse in semiconductor technology, proudly unveils its highly anticipated annual sustainability report for 2022. This comprehensive document highlights the company's remarkable performance, strategic initiatives, and ongoing action plans as it continues to revolutionize the world of electronics.
At STMicroelectronics, we firmly believe in empowering our customers with cutting-edge products and breakthrough technologies that drive decarbonization and foster a more sustainable society. Our unwavering commitment extends beyond innovation; we also prioritize the cultivation of a secure and responsible supply chain that places utmost importance on the well-being of our people and the preservation of our planet.
"Through digitalization and electrification, we are unlocking the potential for a greener future," affirms Jean Marc Chery, our esteemed President and CEO. "Our resolute dedication to sustainability is evident in the significant strides we have made across all fronts. We are relentlessly striving to surpass our sustainability goals, including our audacious aim to achieve carbon neutrality by 2027."
To ensure utmost transparency and accountability, STMicroelectronics employs a rigorous multistakeholder materiality exercise to identify and prioritize sustainability topics. Our reporting practices adhere to the esteemed Global Reporting Initiative (GRI) Standards, guaranteeing stakeholder inclusiveness, sustainability context, materiality, and completeness.
ST's exceptional performance has been duly recognized by numerous reputable bodies, including esteemed ESG rankings, indices, and international certifications. We have proudly secured a place in esteemed listings such as the Dow Jones Sustainability Index World and Europe, EuroNext VIGEO Europe 120, FTSE4Good, ISS ESG Corporate Rating, and MSCI, reaffirming our unwavering commitment to sustainability.
STMicroelectronics continues to spearhead the charge towards a more sustainable future, where innovation and environmental responsibility go hand in hand. Join us as we redefine what's possible in the world of semiconductors and pave the way for a brighter, greener tomorrow.
Unleashing Sustainability: ST's Remarkable ESG Milestones in 2022
STMicroelectronics (ST) proudly showcases its remarkable achievements and progress in the realm of environmental, social, and governance (ESG) for the year 2022. At the forefront of sustainable technology, ST continues to empower its customers to drive sustainability and seize remarkable opportunities while prioritizing the reduction of the company's social and environmental footprint throughout the entire product lifecycle.
In 2022, ST reached new heights with its commitment to responsible practices, resulting in a substantial increase in the percentage of new products identified as responsible. An impressive 77% of our groundbreaking innovations were recognized for their responsible attributes, including responsible sourcing, eco-design, advanced environmental, health, and safety (EHS) manufacturing standards, as well as responsible products and applications. This marks a significant leap from the 69% achieved in the previous year, showcasing our unwavering dedication to pushing the boundaries of sustainable technology.
Moreover, ST's focus on responsible products has yielded remarkable results, as evidenced by the substantial increase in revenue derived from these offerings. In 2022, an impressive 23% of our total revenue was generated by responsible products, surpassing the 20% achieved in 2021. This not only demonstrates the growing demand for sustainable solutions but also underscores ST's ability to meet and exceed market expectations while maintaining our commitment to social and environmental responsibility.
With these remarkable achievements, STMicroelectronics continues to solidify its position as a true trailblazer in the realm of sustainable technology. Through relentless innovation and unwavering commitment, we are driving positive change, leading the way towards a brighter, more sustainable future for all. Join us as we continue to redefine what's possible and unlock the limitless potential of responsible, eco-conscious technology.
Pioneering Sustainability: ST's Remarkable Achievements in the Sustainable Sphere
STMicroelectronics (ST) is making remarkable strides on its path towards carbon neutrality by 2027, solidifying its commitment to a sustainable future. While expanding its manufacturing capacity, ST has been actively engaged in reducing its environmental footprint, showcasing outstanding accomplishments in 2022.
One of the key achievements is the significant decrease in greenhouse gas (GHG) emissions for scopes 1 and 2. ST has successfully achieved a remarkable 40% reduction in absolute terms since 2018, surpassing the 34% achieved in 2021. This noteworthy progress underscores our unwavering dedication to combatting climate change and preserving the environment.
Furthermore, ST has intensified its efforts to source electricity from renewable sources, witnessing an impressive increase to 62% in 2022, up from 51% in the previous year. By prioritizing clean energy, we are actively contributing to the global transition towards a sustainable energy landscape.
In line with our commitment to waste reduction, ST has achieved an outstanding milestone by reusing, recovering, or recycling 95% of the company's waste. This remarkable accomplishment not only surpasses the 90% achieved in 2021 but also allows us to reach our 2025 target ahead of schedule, demonstrating our dedication to sustainable waste management practices.
ST also continues to place people at the heart of its operations, fostering a diverse, inclusive culture while prioritizing health, safety, and talent attraction. Noteworthy achievements include integrating sustainability performance into the incentive program for over 21,000 employees, ensuring that sustainability is ingrained in every aspect of our organization.
To support the transformation journey of the company, over 19,000 employees received comprehensive training in 2022 on the new leadership model, empowering them to drive positive change within their respective roles.
Additionally, ST's commitment to employee satisfaction is evident, with an impressive 86% of employees recommending ST as a great place to work, representing a notable increase of 3 points compared to 2021. This endorsement underscores the supportive and engaging work environment we have fostered at ST.
Moreover, our unwavering commitment to employee well-being has resulted in a further decrease in the recordable case rate for work-related injuries, achieving a best-in-class performance with a rate of just 0.10 per 100 employees per year, down from 0.12 in 2021.
Furthermore, ST has successfully achieved its target of hiring 30% women for exempt positions for the second consecutive year, underscoring our dedication to gender equality and fostering a diverse workforce.
Unlocking the Future: ST's Unwavering Commitment to Sustainability
At the heart of STMicroelectronics (ST) lies a relentless pursuit of innovation, propelling the company's growth and driving the achievement of its business objectives. Embracing a collaborative approach, ST works hand in hand with ecosystems, communities, academic institutions, private entities, and public partners to craft market-leading products and solutions that empower customers to conquer the challenges of tomorrow and ignite their future growth.
Investing in research and development (R&D) is a cornerstone of ST's commitment to innovation. In 2022 alone, an impressive 12% of net revenues, amounting to a staggering US$1.9 billion, was dedicated to fostering breakthrough ideas and supporting the relentless pursuit of technological advancements. This unwavering investment fuels ST's ability to pioneer cutting-edge solutions that redefine industries and drive sustainable progress.
Recognizing the power of collaboration, ST actively engages in 186 active R&D partnerships across the globe. By joining forces with esteemed organizations, ST fosters a dynamic exchange of ideas, enabling the co-creation of groundbreaking technologies that push the boundaries of what's possible. This collaborative ecosystem drives innovation, propelling ST and its partners towards unparalleled success.
Furthermore, ST is committed to nurturing the next generation of innovators through its extensive community and education initiatives. With more than 450 STEM2 events and initiatives, ST has reached over 100,000 students and teachers, igniting a passion for science, technology, engineering, mathematics, and entrepreneurship. By empowering young minds, ST is sowing the seeds of progress and paving the way for a brighter, more sustainable future.
ST's steadfast commitment to sustainability is evident in its 26th annual report, which showcases remarkable achievements and outlines ambitious long-term goals. Aligned with the United Nations Global Compact Ten Principles, Sustainable Development Goals, and the Science Based Targets initiative, ST's sustainability roadmap is a testament to its dedication to making a positive impact on the world.
Furthermore, ST's commitment to transparency is unwavering. The annual report adheres to globally recognized standards, including Global Reporting Standards (GRI), Sustainability Accounting Standards Boards (SASB), and Task Force on Climate-Related Financial Disclosures (TCFD). To ensure utmost credibility, the report has undergone third-party verification, reaffirming ST's commitment to accountability and responsible practices.
STMicroelectronics continues to push the boundaries of innovation, collaboration, and sustainability. Join us on this transformative journey as we unlock a future where technology propels progress, leaving a lasting positive impact on our planet and society as a whole.
To know more on ST's sustainability efforts click here.
STMicroelectronics, a global powerhouse in semiconductor technology, proudly unveils its highly anticipated annual sustainability report for 2022. This comprehensive document highlights the company's remarkable performance, strategic initiatives, and ongoing action plans as it continues to revolutionize the world of electronics.
At STMicroelectronics, we firmly believe in empowering our customers with cutting-edge products and breakthrough technologies that drive decarbonization and foster a more sustainable society. Our unwavering commitment extends beyond innovation; we also prioritize the cultivation of a secure and responsible supply chain that places utmost importance on the well-being of our people and the preservation of our planet.
"Through digitalization and electrification, we are unlocking the potential for a greener future," affirms Jean Marc Chery, our esteemed President and CEO. "Our resolute dedication to sustainability is evident in the significant strides we have made across all fronts. We are relentlessly striving to surpass our sustainability goals, including our audacious aim to achieve carbon neutrality by 2027."
To ensure utmost transparency and accountability, STMicroelectronics employs a rigorous multistakeholder materiality exercise to identify and prioritize sustainability topics. Our reporting practices adhere to the esteemed Global Reporting Initiative (GRI) Standards, guaranteeing stakeholder inclusiveness, sustainability context, materiality, and completeness.
ST's exceptional performance has been duly recognized by numerous reputable bodies, including esteemed ESG rankings, indices, and international certifications. We have proudly secured a place in esteemed listings such as the Dow Jones Sustainability Index World and Europe, EuroNext VIGEO Europe 120, FTSE4Good, ISS ESG Corporate Rating, and MSCI, reaffirming our unwavering commitment to sustainability.
STMicroelectronics continues to spearhead the charge towards a more sustainable future, where innovation and environmental responsibility go hand in hand. Join us as we redefine what's possible in the world of semiconductors and pave the way for a brighter, greener tomorrow.
Unleashing Sustainability: ST's Remarkable ESG Milestones in 2022
STMicroelectronics (ST) proudly showcases its remarkable achievements and progress in the realm of environmental, social, and governance (ESG) for the year 2022. At the forefront of sustainable technology, ST continues to empower its customers to drive sustainability and seize remarkable opportunities while prioritizing the reduction of the company's social and environmental footprint throughout the entire product lifecycle.
In 2022, ST reached new heights with its commitment to responsible practices, resulting in a substantial increase in the percentage of new products identified as responsible. An impressive 77% of our groundbreaking innovations were recognized for their responsible attributes, including responsible sourcing, eco-design, advanced environmental, health, and safety (EHS) manufacturing standards, as well as responsible products and applications. This marks a significant leap from the 69% achieved in the previous year, showcasing our unwavering dedication to pushing the boundaries of sustainable technology.
Moreover, ST's focus on responsible products has yielded remarkable results, as evidenced by the substantial increase in revenue derived from these offerings. In 2022, an impressive 23% of our total revenue was generated by responsible products, surpassing the 20% achieved in 2021. This not only demonstrates the growing demand for sustainable solutions but also underscores ST's ability to meet and exceed market expectations while maintaining our commitment to social and environmental responsibility.
With these remarkable achievements, STMicroelectronics continues to solidify its position as a true trailblazer in the realm of sustainable technology. Through relentless innovation and unwavering commitment, we are driving positive change, leading the way towards a brighter, more sustainable future for all. Join us as we continue to redefine what's possible and unlock the limitless potential of responsible, eco-conscious technology.
Pioneering Sustainability: ST's Remarkable Achievements in the Sustainable Sphere
STMicroelectronics (ST) is making remarkable strides on its path towards carbon neutrality by 2027, solidifying its commitment to a sustainable future. While expanding its manufacturing capacity, ST has been actively engaged in reducing its environmental footprint, showcasing outstanding accomplishments in 2022.
One of the key achievements is the significant decrease in greenhouse gas (GHG) emissions for scopes 1 and 2. ST has successfully achieved a remarkable 40% reduction in absolute terms since 2018, surpassing the 34% achieved in 2021. This noteworthy progress underscores our unwavering dedication to combatting climate change and preserving the environment.
Furthermore, ST has intensified its efforts to source electricity from renewable sources, witnessing an impressive increase to 62% in 2022, up from 51% in the previous year. By prioritizing clean energy, we are actively contributing to the global transition towards a sustainable energy landscape.
In line with our commitment to waste reduction, ST has achieved an outstanding milestone by reusing, recovering, or recycling 95% of the company's waste. This remarkable accomplishment not only surpasses the 90% achieved in 2021 but also allows us to reach our 2025 target ahead of schedule, demonstrating our dedication to sustainable waste management practices.
ST also continues to place people at the heart of its operations, fostering a diverse, inclusive culture while prioritizing health, safety, and talent attraction. Noteworthy achievements include integrating sustainability performance into the incentive program for over 21,000 employees, ensuring that sustainability is ingrained in every aspect of our organization.
To support the transformation journey of the company, over 19,000 employees received comprehensive training in 2022 on the new leadership model, empowering them to drive positive change within their respective roles.
Additionally, ST's commitment to employee satisfaction is evident, with an impressive 86% of employees recommending ST as a great place to work, representing a notable increase of 3 points compared to 2021. This endorsement underscores the supportive and engaging work environment we have fostered at ST.
Moreover, our unwavering commitment to employee well-being has resulted in a further decrease in the recordable case rate for work-related injuries, achieving a best-in-class performance with a rate of just 0.10 per 100 employees per year, down from 0.12 in 2021.
Furthermore, ST has successfully achieved its target of hiring 30% women for exempt positions for the second consecutive year, underscoring our dedication to gender equality and fostering a diverse workforce.
Unlocking the Future: ST's Unwavering Commitment to Sustainability
At the heart of STMicroelectronics (ST) lies a relentless pursuit of innovation, propelling the company's growth and driving the achievement of its business objectives. Embracing a collaborative approach, ST works hand in hand with ecosystems, communities, academic institutions, private entities, and public partners to craft market-leading products and solutions that empower customers to conquer the challenges of tomorrow and ignite their future growth.
Investing in research and development (R&D) is a cornerstone of ST's commitment to innovation. In 2022 alone, an impressive 12% of net revenues, amounting to a staggering US$1.9 billion, was dedicated to fostering breakthrough ideas and supporting the relentless pursuit of technological advancements. This unwavering investment fuels ST's ability to pioneer cutting-edge solutions that redefine industries and drive sustainable progress.
Recognizing the power of collaboration, ST actively engages in 186 active R&D partnerships across the globe. By joining forces with esteemed organizations, ST fosters a dynamic exchange of ideas, enabling the co-creation of groundbreaking technologies that push the boundaries of what's possible. This collaborative ecosystem drives innovation, propelling ST and its partners towards unparalleled success.
Furthermore, ST is committed to nurturing the next generation of innovators through its extensive community and education initiatives. With more than 450 STEM2 events and initiatives, ST has reached over 100,000 students and teachers, igniting a passion for science, technology, engineering, mathematics, and entrepreneurship. By empowering young minds, ST is sowing the seeds of progress and paving the way for a brighter, more sustainable future.
ST's steadfast commitment to sustainability is evident in its 26th annual report, which showcases remarkable achievements and outlines ambitious long-term goals. Aligned with the United Nations Global Compact Ten Principles, Sustainable Development Goals, and the Science Based Targets initiative, ST's sustainability roadmap is a testament to its dedication to making a positive impact on the world.
Furthermore, ST's commitment to transparency is unwavering. The annual report adheres to globally recognized standards, including Global Reporting Standards (GRI), Sustainability Accounting Standards Boards (SASB), and Task Force on Climate-Related Financial Disclosures (TCFD). To ensure utmost credibility, the report has undergone third-party verification, reaffirming ST's commitment to accountability and responsible practices.
STMicroelectronics continues to push the boundaries of innovation, collaboration, and sustainability. Join us on this transformative journey as we unlock a future where technology propels progress, leaving a lasting positive impact on our planet and society as a whole.
To know more on ST's sustainability efforts click here.
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