About STMicroelectronics
STMicroelectronics is a global semiconductor company dedicated to creating innovations that positively impact people's lives. With a history of prioritizing sustainability for over three decades, ST is committed to long-term value creation for all stakeholders, believing that a strong sustainable culture benefits people, the environment, and the economy.
The company operates as an Integrated Device Manufacturer (IDM), designing, manufacturing, and selling semiconductor devices, with a significant portion of manufacturing handled in-house. This integrated approach allows for tight control over technology and product development, ensuring capacity, flexibility, and quality for its customers.
Key Sustainability Commitments and Performance
STMicroelectronics outlines its core values as Integrity, People, and Excellence, driving its sustainability strategy. The company is committed to several key goals:
- People First: Focusing on health and safety, working conditions, and equal opportunities, aiming for a Total Recordable Case Rate of 0.75 or less and maintaining an adjusted gender pay gap below 5%.
- Respect for the Environment: Targeting carbon neutrality by 2027, increasing renewable electricity adoption, reducing emissions, and improving water management and waste recycling rates.
- Enabling Economic Activity: Developing power-efficient products that support customers in creating low-carbon technologies for sectors like electric mobility and renewable energies.
In 2024, STMicroelectronics achieved significant milestones, including an 'A' rating for climate change by CDP, 84% of electricity from renewable sources, and 97% of waste diverted from disposal.
Stakeholder Engagement and Governance
STMicroelectronics actively engages with its stakeholders, including employees, customers, investors, and suppliers, to integrate their feedback into its decision-making processes. The company maintains a strong governance structure with a Supervisory Board that includes a sustainability committee to oversee its sustainability strategy and performance.
The company also emphasizes a culture of transparency and ethical behavior, encouraging stakeholders to report concerns through its confidential Ethics Hotline, managed by an independent third-party provider.
External Recognition
STMicroelectronics' commitment to sustainability is recognized by various Socially Responsible Investment (SRI) rating agencies and indices. In 2024, the company received high ratings, including MSCI AAA, ISS ESG Prime, Ecovadis Platinum, and an 'A' score from CDP for climate change.
