India CSR Network
No Result
View All Result
  • Login
  • Register
SUBSCRIBE
  • Home
  • CSR
    • Art & Culture
    • CSR Leaders
    • Child Rights
    • Culture
    • Environment
    • Education
    • Gender Equality
    • Health
    • Skill Development
    • No Poverty
    • Safety
    • Covid-19
    • Safe Food For All
  • Sustainability
    • Sustainability Dialogues
    • Sustainability Knowledge Series
    • Plastics
    • Sustainable Development Goals
    • Circular Economy
    • BRSR
  • Corporate Governance
    • Diversity & Inclusion
  • Articles
  • Interviews
  • Events
  • BOOKS
  • More
    • Technology
    • Lifestyle
    • Case Studies
    • Knowledge
    • Social Sector Leaders
    • Social Entrepreneurship
    • Philanthropy
    • Sports
    • Gaming
  • Prime
  • Home
  • CSR
    • Art & Culture
    • CSR Leaders
    • Child Rights
    • Culture
    • Environment
    • Education
    • Gender Equality
    • Health
    • Skill Development
    • No Poverty
    • Safety
    • Covid-19
    • Safe Food For All
  • Sustainability
    • Sustainability Dialogues
    • Sustainability Knowledge Series
    • Plastics
    • Sustainable Development Goals
    • Circular Economy
    • BRSR
  • Corporate Governance
    • Diversity & Inclusion
  • Articles
  • Interviews
  • Events
  • BOOKS
  • More
    • Technology
    • Lifestyle
    • Case Studies
    • Knowledge
    • Social Sector Leaders
    • Social Entrepreneurship
    • Philanthropy
    • Sports
    • Gaming
  • Prime
  • Login
  • Register
No Result
View All Result
India CSR Network
No Result
View All Result
Home Sustainability

STMicroelectronics publishes 25th Annual Sustainability Report

On track to become carbon neutral by 2027 with more than 50% purchased electricity coming from renewable sources, 69% of new products identified as responsible

by India CSR Network
1 month ago
in Sustainability
STMicroelectronics publishes 25th Annual Sustainability Report

STMicroelectronics (NYSE:STM), a global semiconductor leader serving customers across the spectrum of electronics applications, today releases its 25th annual sustainability report detailing 2021 performance and achievements. Collaborating with customers and partners, ST creates innovative technologies that bring an important contribution to overcome the environmental and social challenges of the planet today.

“This is our 25th annual report, a significant milestone after the pioneering efforts of ST in this field. In 2021 we continued to achieve strong results across all key sustainability metrics, including the initial steps of our path towards carbon neutrality in 2027. We are determined to continue to do more and to accelerate our overall sustainability efforts to create technology for a sustainable world, in a sustainable way, and to generate long-term value for our people and all stakeholders,” said Jean-Marc Chery, President and CEO, STMicroelectronics.

In 2021 ST has been actively working, through a collaborative approach, on its sustainability commitments and programs to create a healthier, safer, and more inclusive environment for people and communities and to create profitable growth. ST’s continued efforts across many areas, detailed in this report, were recognized again in 2021, by inclusion in the DJSI World and Europe indexes, as well as in other key ESG rankings and international certifications.

Sustainable Technology

ST technologies and products enable its customers to boost sustainability and seize opportunities with continued improvement of the company’s social and environmental footprint at every stage of the product lifecycle (Sustainable Technology). In 2021:

  • 69% of new products were identified as responsible (responsible sourcing, eco-design, advanced EHS standards of manufacturing, responsible products, and applications) (vs 63% in 2020).
  • 20% of total revenue derived from responsible products (vs 18.5% in 2020).
  • 37% of sales come from products that aim at substantial greenhouse gas (GHG) reduction across the product lifecycle according to the EU taxonomy standard.

Sustainable Way

In December 2020, ST committed to becoming carbon neutral by 2027 (Energy and Climate Change) and remains on track to meet that target, actively working in 2021 on reducing its environmental footprint:

  • Reduced GHG emissions by 34% compared to 2018 in absolute terms, despite the continued expansion of ST’s manufacturing capacity.
  • Increased the sourcing of electricity coming from renewable sources to more than 50% (vs 43% in 2020)
  • Reduced water consumption by 16% (vs 2020 per production unit)
  • Reusing, recovering, or recycling 90% of the company’s waste (vs 88% in 2020).

2021 was a year that continued to be impacted by the Covid-19 pandemic and ST maintained its support to its 48,000 employees across the globe, while investing in safety, and diversity, equity, and inclusion (Diversity, Equity, and Inclusion):

  • Continued to deploy 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.
  • Decreased the recordable case rate (work-related injuries per 100 employees per year) with a record score of 0.12 (0.14 in 2020) which is among the best in class.
  • Reached the target of hiring 30% women for exempt positions for the first time, but still need to make progress to reach the 2025 target of 20% of women in all management levels.
  • Increased the employee engagement score in 2021 with 83% of employees recommending ST as a great place to work (+2 points on 2020).

Sustainable Company

ST continues to create a funnel of innovation and talent across its ecosystems and communities and with academic, private, and public partners. This collaborative approach for profitable growth allows the development of ST’s market-leading products and solutions enabling the company’s customers to tackle tomorrow’s challenges and fuel their future growth:

  • Invested 13.5% of revenues (US$1.72 billion) in R&D to support innovation.
  • Continued to invest in R&D and open innovation with a network now including 187 active academic and private partnerships worldwide to build the future.
  • 330 STEM events and initiatives reached over 69,000 students and teachers of the company’s ‘STEM your way’ program (Community and Education).

The 25th annual report contains highlights and details of ST’s sustainability performance in 2021 and presents the Company’s ambitions and longer-term goals in alignment with both the United Nations Global Compact Ten Principles and Sustainable Development Goals and the Science Based Targets initiative> (SBTi). It is aligned with Global Reporting Standards (GRI), Sustainability Accounting Standards Boards (SASB), and Task Force on Climate-Related Financial Disclosures (TCFD). A third party has verified this report.

CSRBooks.com CSRBooks.com CSRBooks.com
Source: India CSR I 18 May 2022
Tags: STMicroelectronicsSustainability Reports
ShareTweetPin

India CSR Network

India CSR is the largest tech-led platform for information on CSR and sustainability in India offering diverse content across multisectoral issues. It covers Sustainable Development, Corporate Social Responsibility (CSR), Sustainability, and related issues in India. Founded in 2009, the organisation aspires to become a globally admired media that offers valuable information to its readers through responsible reporting. To enjoy the premium content, we invite you to subscribe it.

Related Posts

ESG

Here are ICICI Prudential Life Insurance’s ESG Report highlights

June 27, 2022
ESG: Flipkart Group commits to Net Zero carbon emissions by 2040
ESG

ESG: Flipkart Group commits to Net Zero carbon emissions by 2040

June 23, 2022
ESG – Into the Mainstream, India needs USD 20 bn towards climate targets: Report
ESG

Top five reasons for companies’ push on ESG activities

June 24, 2022
ITC Implements its Sustainability 2.0 Agenda – makes significant progress across key areas
Sustainability

ITC Implements its Sustainability 2.0 Agenda – makes significant progress across key areas

June 22, 2022
ESG – Into the Mainstream, India needs USD 20 bn towards climate targets: Report
ESG

What is ESG – Environmental Social Corporate Governance?

June 20, 2022
Putting Together Stitchless Fabrics Through Innovation and Technology  
Sustainability

Putting Together Stitchless Fabrics Through Innovation and Technology  

June 18, 2022
Goldman Sachs, Citi, Fidelity among new firms joining Sustainable Trading Initiative
ESG

Goldman Sachs, Citi, Fidelity among new firms joining Sustainable Trading Initiative

June 17, 2022
ESG Quote by Kush S, CEO, Essar Power
ESG

ESG: Essar Power strengthens its commitment towards HSE

June 14, 2022
ESG: These two companies creating the world’s largest green hydrogen ecosystem
ESG

ESG: These two companies creating the world’s largest green hydrogen ecosystem

June 14, 2022

Popular Stories

  • Lupin Terminates 300 Staff

    Lupin Terminates 300 Staff

    0 shares
    Share 0 Tweet 0
  • What is liberalization?

    0 shares
    Share 0 Tweet 0
  • 7 Reasons Why Smartphone Can Make Your Life Easier

    0 shares
    Share 0 Tweet 0
  • QNET CSR Arm Supports Electrification Project to light up the lives of 470 villagers in Meghalaya

    0 shares
    Share 0 Tweet 0
  • MCA amends Schedule III of Companies Act on disclosure norms in financial statements and Details of Corporate Social Responsibility (CSR)

    0 shares
    Share 0 Tweet 0
India CSR Network

  • Home
  • About Us
  • Team
  • Partnership
  • Contact
  • Terms of Use
  • Subscribe

No Result
View All Result
  • Home
  • CSR
    • Art & Culture
    • CSR Leaders
    • Child Rights
    • Culture
    • Environment
    • Education
    • Gender Equality
    • Health
    • Skill Development
    • No Poverty
    • Safety
    • Covid-19
    • Safe Food For All
  • Sustainability
    • Sustainability Dialogues
    • Sustainability Knowledge Series
    • Plastics
    • Sustainable Development Goals
    • Circular Economy
    • BRSR
  • Corporate Governance
    • Diversity & Inclusion
  • Articles
  • Interviews
  • Events
  • BOOKS
  • More
    • Technology
    • Lifestyle
    • Case Studies
    • Knowledge
    • Social Sector Leaders
    • Social Entrepreneurship
    • Philanthropy
    • Sports
    • Gaming
  • Prime
  • Login
  • Sign Up
  • Cart

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Google
Sign Up with Linked In
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In