- This includes setting the goal to become carbon neutral by 2027, one of the earliest dates anticipated for any semiconductor company globally, joining the Science Based Targets Initiative
- It invested 15.2 per cent of revenues ($1.55 billion) in R&D to support innovation
STMicroelectronics has released its 24th sustainability report detailing the 2020 performance. ST’s inclusion, for the first time in 2020, in the CDP “A list” for climate change recognizes the company’s commitments and actions. This includes setting the goal to become carbon neutral by 2027, one of the earliest dates anticipated for any semiconductor company globally, joining the Science Based Targets Initiative (SBTi). By the end of 2020, ST was the only semiconductor company with approved targets to limit warming to no more than 1.5°C. It also includes purchasing 40 per cent of electricity coming from renewable sources, representing an increase of 50 per cent compared to 2019, with the commitment to use 100 per cent renewable energy by 2027.
Jean-Marc Chery, President and CEO, STMicroelectronics said, “Since early 2020 the world has changed, with the pandemic reshaping how we live, work and communicate. During these tough times, ST showed resilience at all levels, while continuing to create technology for a sustainable world in a sustainable way and to generate long-term value for our people and all stakeholders. In December 2020, we took an important step to accelerate our efforts with the announcement of our commitment to become carbon neutral by 2027. To achieve this very ambitious target we have built a comprehensive program and will mobilise the support of expert partners and stakeholders in a collaborative approach.”
Invested 15.2 per cent of revenues ($1.55 billion) in R&D to support innovation
To put people’s health at a priority in the pandemic, the company deployed the most stringent measures to protect the health and safety of employees who worked at ST sites to ensure continuity of operations, in line with global and local regulations. It enabled 15,000 employees to work from home. ST provided a new employee assistance program named ‘STCare’ to help them manage the constraints of working remotely. It donated in-kind and cash to support hospitals and protect stakeholders and increased the employee engagement score in 2020 with 81 per cent of employees recommending ST as a great place to work (+ 4 points vs 2019). It increased by 49 per cent in 2020 vs 2019 the number of suppliers audited according to the RBA standard and methodology.
It invested 15.2 per cent of revenues ($1.55 billion) in R&D to support innovation and produced 63 per cent of new products identified as ’responsible’ 18.5 per cent of total revenues were generated by ST’s responsible-products portfolio. It continued to progress on strategic programs based on Silicon Carbide- and Gallium Nitride- based technologies and products targeting improved energy efficiency and performance across all end-markets ST serves. It developed open innovation with 143 active R&D partnerships around the world.
The 24th report contains highlights and details of ST’s sustainability performance in 2020 and presents the its ambitions and longer-term goals for 2025 in alignment with the United Nations Global Compact Ten Principles and Sustainable Development Goals. It is aligned with Global Reporting Standards (GRI), Sustainability Accounting Standards Boards (SASB), and Task Force on Climate-Related Financial Disclosures (TCFD).
