STMicroelectronics Sustainability at a Glance 2024

Sustainability at a glance provides a summary of ST's sustainability performance in 2024. For full disclosures, please refer to the Company Integrated Annual Report.

ST at a Glance

STMicroelectronics is one of the world's largest semiconductor companies. As of December 31, 2024:

2024 revenues: US$13.3 billion
Listed on: NYSE, Euronext Paris, and Borsa Italiana, Milan
Employees worldwide: 50,000
Employees working in R&D: 9,000+
Main manufacturing sites: 14
Sales & marketing offices: Over 80, serving over 200,000 customers globally
Signatory of the United Nations Global Compact (UNGC)
Member of the Responsible Business Alliance (RBA)

The company's global presence includes sites for Research & Development, Main Sales & Marketing, Front-end Manufacturing, and Back-end Manufacturing.

Company Overview

STMicroelectronics is a global semiconductor company dedicated to serving customers with innovations that positively impact people's lives.

CEO Statement

Jean-Marc Chery, CEO & President of STMicroelectronics, states that the company has prioritized sustainability for over three decades, driven by an ambition to create long-term value for all stakeholders. This approach is integral to the company's value proposition, fostering a sustainable culture that benefits people, the environment, and the economy. ST is committed to accelerating sustainability efforts with its customers, partners, and employees worldwide.

Our Value Proposition

STMicroelectronics' value proposition is structured around key stakeholder groups:

For our shareholders: Return value in line with objectives, focusing on sustainable and profitable growth.
For our customers: Provide differentiating enablers, ensuring an independent, reliable, and secure supply chain.
For our stakeholders: Commitment to sustainability, guided by core values of Integrity, People, and Excellence.

Our Business Model

STMicroelectronics operates as an Integrated Device Manufacturer (IDM), designing, manufacturing, and selling semiconductor devices, with most manufacturing handled in-house. This IDM model allows for tight integration of technology and product development with manufacturing operations, ensuring capacity, flexibility, and quality for customers. The company's value chain is a comprehensive process involving multiple stages, each contributing to the creation of high-quality semiconductor devices.

Main Steps in Our Value Chain

The company's value chain encompasses several key stages:

Suppliers: Purchase of raw materials, equipment, energy, gas, chemicals, and services.
R&D concept and design: Multi-step process involving architecture conception, electrical layout, simulation, chip layout, and mask generation for silicon etching.
Front-end manufacturing: Approximately 400 stages, starting with a plain wafer and resulting in the etching of hundreds to thousands of dies.
Electrical wafer sorting: Electrical testing of dies on the wafer to check specifications, also known as wafer sort or probe.
Back-end manufacturing: Cutting dies from the wafer, assembly into packages, and final testing to ensure functionality and reliability.
Product use and end of life: Offering a broad portfolio of products for diverse customer applications.
Outsourcing: Utilizing external silicon foundries and OSATs to supplement manufacturing capacity.

Our Commitments and Long-Term Goals

STMicroelectronics has set ambitious goals across various areas:

People First

Health and Safety: Aim for a Total Recordable Case Rate of 0.75 or less for work-related injuries and illnesses. (Status end of 2024: 0.65)
Working Conditions: Aim for Responsible Business Alliance platinum recognition for majority-owned manufacturing sites by 2030. (Status end of 2024: 10/11 sites)
Equal Opportunities: Maintain an adjusted gender pay gap below 5% annually. Aim for at least 25% representation of women in management and senior management roles by 2035. (Status end of 2024: -1.8% adjusted gender pay gap in favor of women; 21% & 10% representation)

Respect the Environment

Climate Change Mitigation in Operations: Aim for carbon neutrality by 2027 (scopes 1, 2, and relevant scope 3 emissions). Aim for a 20% reduction in absolute scope 1 and 2 emissions by 2030 vs 2024. Aim to abate 90% of climate adverse process gases (CAPG) by 2030. (Status end of 2024: 930 kt/CO2 for scope 1 & 2; New for scope 1 & 2 reduction; 76% CAPG emissions abated)
Climate Change Mitigation in Supply Chain: Aim for a 10% reduction in Scope 3 upstream GHG emissions by 2030 and a 20% reduction by 2035 vs 2024. (Status end of 2024: New)
Energy: Adopt 100% renewable electricity by 2027 and maintain it, with cumulative energy savings of 100 GWh by 2035 vs 2024. (Status end of 2024: New)
Pollution Risk Management: Achieve a 70% absolute reduction in Volatile Organic Compound (VOC) emissions by 2030 vs 2024. (Status end of 2024: New)
Chemicals: Make all products 98% halogen-free by 2035. (Status end of 2024: 93%)
Water: Achieve at least 60% annual water recycling rate by 2035. Aim to save 6 million cubic meters of water by 2035 vs 2024. (Status end of 2024: 54% of water recycled or reused)
Waste and Circular Economy: Reuse, recycle, and recover at least 95% of waste annually, limiting disposal to below 5%. (Status end of 2024: 97% of waste diverted from disposal)

Affected Communities Goal

Certify 100% of manufacturing sites through the Alliance for Water Stewardship (AWS) by 2035. (Status end of 2024: 1 site certified)

2024 Highlights

Key sustainability achievements and metrics for 2024:

84% of electricity from renewable sources.
'A' rating for climate change by CDP.
-1.8% adjusted gender pay gap in favor of women.
76% CAPG emissions abated.
0.65* Total Recordable Case Rate (employees and onsite contractors).
54% of water recycled or reused.
97% of waste diverted from disposal.
10/11 sites with RBA platinum recognition.

Our Approach to Sustainability

Sustainability has been a guiding principle at ST for over 30 years, embedded in all activities. The company implements programs to manage impacts, opportunities, and risks across its operations and value chain. A strong focus on identifying material topics through a double materiality assessment, involving key stakeholders, informs the sustainability strategy, policies, programs, targets, and objectives, which are regularly reviewed and adjusted.

Speak Up and Reporting of Concerns

STMicroelectronics fosters a culture of transparency and ethical behavior, encouraging employees and stakeholders to report concerns. Concerns can be reported via the Ethics Hotline, Chief Compliance and Ethics Officer, Chief Audit and Risk Executive, or selected managers. All concerns are processed confidentially through the Ethics Hotline, which is managed by an independent third-party provider, accessible 24/7 in over 30 languages, and compliant with GDPR. Retaliation against whistleblowers is rejected.

Governance

Management is entrusted to the Managing Board under the supervision of the Supervisory Board. The Supervisory Board oversees policies and provides advice. A dedicated sustainability committee supports the Supervisory Board in supervising, monitoring, and advising on ST's sustainability strategy, targets, goals, and overall performance.

Enabling Economic Activity

The semiconductor industry plays a crucial role in enabling a low-carbon society and the transition to carbon neutrality. STMicroelectronics designs and manufactures power-efficient products that support customers in developing low-carbon footprint technologies. Low-carbon applications such as electric mobility, renewable energies, smart cities, and smart buildings are strategic markets. The company leads in power solutions, motor control, ultra-low power ICs, sensors, and microcontrollers, offering opportunities for short-term GHG emission impact reduction.

Interests and Views of Stakeholders

STMicroelectronics engages with its diverse range of stakeholders, including employees, customers, investors, suppliers, supply chain workers, subcontractors, and affected communities. Regular engagement is essential for assessing expectations and integrating feedback into decision-making and the company's strategy and business model. Open communication and active listening are key to this process.

Putting People First

STMicroelectronics is committed to socially responsible business operations, prioritizing the prevention of negative impacts on people. This commitment is demonstrated through its human rights program, high health and safety standards, compliance frameworks (including data privacy), efforts to create an inclusive workplace, and continuous employee training activities.

Labor and Human Rights

The company upholds the highest standards of labor and human rights, integrating them into its strategy and culture. Due diligence programs are implemented to identify, prevent, mitigate, and remediate adverse impacts and risks. Policies focus on prohibiting forced labor, child labor, discrimination, and harassment; ensuring fair working conditions, wages, and benefits; respecting freedom of association; protecting personal information; and enhancing employee well-being and safety. In 2024, ten out of eleven majority-owned manufacturing sites received RBA Platinum recognition.

Health and Safety

STMicroelectronics promotes a culture of health, safety, and well-being for employees and subcontractors, supported by an ISO 45001-certified health and safety management system. Performance is evaluated annually through third-party audits. Managers conduct regular safety visits and inspections, and safety training, including evacuation drills, is organized. The company encourages reporting and investigation of near-misses and hazards. The STCare program, in partnership with Eutelmed, provides additional support for employee well-being. The total recordable case rate for work-related injuries and illnesses in 2024 was 0.65.

Equal Treatment and Opportunities for All

STMicroelectronics believes equal treatment fosters innovation and stakeholder engagement. The company endeavors to create a diverse and inclusive workplace, tolerating no discrimination. It aims to recruit and retain a diverse workforce, reflecting society, and promote equity in career development, opportunities, and remuneration. In 2024, an adjusted gender pay gap of -1.8% in favor of women was reported.

Data Privacy

Data privacy is managed through a comprehensive framework based on GDPR, including policies and procedures. STMicroelectronics has developed privacy control objectives utilizing best practice frameworks such as generally accepted privacy principles (AICPA/CICA), NIST SP800-R53, and ISO/IEC 27701:2019. Policies are in place for personal data processing, transparency, data subject rights, complaint handling, data breaches, and third-party transfers.

Environment

STMicroelectronics is dedicated to managing its business operations in an environmentally responsible way, guided by its Global Environmental Policy and Global Water Policy, available on st.com. The environmental management system aligns with international standards like ISO 14001, ISO 50001, and EMAS. Performance and systems are evaluated annually through third-party audits, with certifications renewed every three years.

Climate Change Mitigation and Adaptation

STMicroelectronics committed to becoming carbon neutral by 2027, covering scope 1, 2, and relevant scope 3 emissions, with an intermediate milestone by 2025, endorsed by the Science Based Targets Initiative (SBTi). The company addresses environmental impact from GHG emissions through three decarbonization levers: decreasing climate adverse process gases (CAPG), purchasing renewable electricity, and improving energy efficiency. ST also works with supply chain partners to reduce their GHG emissions. In 2024, 84% of electricity adopted was renewable.

Water

Water management is critical. STMicroelectronics employs a comprehensive approach including water stress assessments, conservation programs, water efficiency, and wastewater treatment to reduce water extraction and consumption. The company collaborates with local stakeholders and participates in industry coalitions like the Alliance for Water Stewardship and the Responsible Business Alliance. In 2024, 54% of water was recycled or reused.

Pollution

STMicroelectronics prioritizes reducing environmental emissions to minimize pollution, focusing on air, water, and waste. The approach includes treating emissions and implementing replacement programs for hazardous substances. EHS criteria are set for monitoring chemicals, substances, emissions, wastewater, soil, groundwater, and waste management, applicable to manufacturing and selected non-manufacturing sites.

Resource Use and Circular Economy

Recognizing waste as an inevitable part of operations, STMicroelectronics has developed a waste management strategy focused on classification, separation, and safe disposal. The priority is to reduce, prepare for reuse, and recycle, with landfill and incineration as last resorts. The company strives to increase recycling rates and create value from waste by converting it into secondary raw materials. In 2024, 97% of waste was diverted from disposal.

Acting Together

Sustainability is viewed as a collective responsibility, recognizing the importance of stakeholders. STMicroelectronics aims to source and purchase goods and services from suppliers and subcontractors who share its values of respecting people and the environment. With over 6,000 direct suppliers, the company systematically assesses and mitigates sustainability risks and negative impacts in its operations and supply chain, adhering to the RBA Code of Conduct. This includes monitoring suppliers on social, environmental, and governance criteria to mitigate risks related to worker health and safety, working conditions, and human rights.

Affected Communities

STMicroelectronics manages its business operations responsibly within the communities where it operates, using shared natural resources like water responsibly and minimizing negative impacts. Engagement with local communities is essential for addressing water-related challenges. The company received its first AWS certification at its manufacturing site in Shenzhen, China, in 2024, utilizing the AWS international standard for sustainable water management.

Contributing to the Sustainable Development Goals (SDGs)

STMicroelectronics aligns its sustainability programs and business strategy with the United Nations Sustainable Development Goals (SDGs). The company has mapped the 17 SDGs to its material topics and identified 11 goals most relevant to its sustainability strategy. ST has been a signatory of the UN Global Compact since 2000, aligning its programs with its ten principles.

External Recognition

STMicroelectronics' sustainability performance is regularly evaluated by Socially Responsible Investment (SRI) rating agencies, analysts, and investors. The company is included in various sustainability indices, such as the Dow Jones Sustainability Index World and Europe, and the Euronext Vigeo Eiris Europe 120 index. In 2024, ST received ratings including MSCI AAA, ISS ESG Prime, Ecovadis Platinum, FTSE4Good top 10%, and Bloomberg top 5%. It also received an 'A' score from CDP for climate change and an 'A-' score for water security.

	STMicroelectronics Sustainability at a Glance 2025 STMicroelectronics' 2025 'Sustainability at a Glance' report summarizes the company's 2024 sustainability performance, highlighting achievements in environmental, social, and governance (ESG) areas, including climate action, resource management, and employee well-being.
	STMicroelectronics ISO 14001:2015 Environmental Management System Certification Certificate details for STMicroelectronics SRL, confirming their ISO 14001:2015 certified management system for the manufacture of semiconductor devices across multiple sites in Italy, issued by Bureau Veritas Certification.
	STMicroelectronics ISO 14001:2015 Environmental Management Certification Official certification document for STMicroelectronics' ISO 14001:2015 environmental management system, covering semiconductor device manufacturing across multiple sites in Italy.
	STMicroelectronics ISO 45001:2018 Certification for Semiconductor Manufacturing Official ISO 45001:2018 certification for STMicroelectronics SRL, covering the manufacture of semi-conductor devices, issued by Bureau Veritas Certification.
	ST25R39xx NFC Reader Thermal Design: An Application Note This application note from STMicroelectronics details the thermal management strategies and design considerations for ST25R39xx NFC reader ICs, covering thermal models, power dissipation calculations, and measurement techniques for optimal performance and reliability.
	L9911: Multifunction Smart Voltage Regulator for Automotive Alternators Datasheet This datasheet provides comprehensive technical information for the STMicroelectronics L9911, a smart voltage regulator designed for automotive alternator systems. It details the device's features, electrical characteristics, application diagrams, and package specifications.
	STSAFE-L010 Datasheet: Secure Authentication for Peripherals Explore the STSAFE-L010, a secure element from STMicroelectronics designed for authentication and data management of consumables and peripherals. This datasheet details its features, security mechanisms, hardware specifications, communication interfaces, and package information.
	Getting Started with STMicroelectronics X-CUBE-STSE01 Software Package This user manual provides a guide to getting started with the X-CUBE-STSE01 software package from STMicroelectronics. It details the features and functionalities of the STSAFE-A110 and STSAFE-A120 secure element devices and the STSELib middleware for secure IoT and embedded applications.