STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across a broad spectrum of electronics applications, is accelerating its drive for sustainable innovation, with reduced greenhouse gas emissions, increased purchase of electricity from renewable sources, and improved employee satisfaction.

ST announced on the 26th that it has published its annual sustainability report providing insights into its 2023 performance related to ESG (Environmental, Social and Governance) factors, which are its top priorities.

ESG factors support long-term value creation and sustainable business growth for all stakeholders.

“Sustainability is at the core of ST’s value proposition, delivering benefits to the company, customers and society,” said Jean-Marc Chery, ST’s President and CEO. “We are proud of the progress we have made in innovation, resilience and employee engagement, as well as our ambitious goal of achieving carbon neutrality in Scopes 1 and 2 and some Scope 3 areas by 2027,” he said. “Together with our partners and employees, ST is accelerating sustainable innovation in technology and beyond.”

Looking at ST’s key ESG metrics for 2023, greenhouse gas (GHG) emissions in Scope 1 and 2 have decreased by 45% in absolute terms since 2018.

The share of electricity purchased from renewable energy sources will also increase to 71% in 2023 (62% in 2022), and a major Power Purchase Agreement (PPA) has been signed in Italy to produce 250 GWh of renewable energy per year (3.75 TWh over 15 years) from 2024.

The reuse or recycling rate of corporate waste increased by 1% to 96% compared to 2022.

It also received an A- score in CDP's survey on water security and climate change.

We invest 12.2% of our net income (USD 2.1 billion) in R&D to support innovation, and we are actively participating in 195 R&D partnerships worldwide.

We also run more than 610 STEM (Science, Technology, Engineering, and Mathematics) events and initiatives (35% increase over 2022) with over 100,000 students and teachers worldwide, and 87% of our employees recommend ST as a great place to work, up 4% from 2021 (the last time we surveyed all employees).

In 2023, we focused on building voluntary, employee-led Employee Resource Groups (ERGs) to promote inclusion in the workplace. The first ERG for women, Women Inspiring Supporting and Empowering (WISE), has grown rapidly to more than 1,400 members in 60 locations.

In 2023, ST not only received a AAA rating from the MSCI ESG Ratings, but also continued to receive high ratings from major sustainability indices such as the Dow Jones Sustainability Index, FTSE4Good, EuroNext VIGEO Europe 120, CAC 40 ESG, MIB ESG, ISS ESG Corporate Rating, and the Bloomberg Gender Equality Index.

The 27th Annual Report contains key findings and details on ST’s sustainability performance through 2023, and sets out ST’s vision and long-term goals in line with the ten principles of the United Nations Global Compact, the Sustainable Development Goals and the Science Based Targets initiative (SBTi).

This is also consistent with the standards of GRI (Global Reporting Standards), SASB (Sustainability Accounting Standards Boards), and TCFD (Task Force on Climate-Related Financial Disclosures). This report has been verified by a third-party organization.

More information about ST’s sustainability efforts can be found at https://www.st.com/content/st_com/en/about/sustainability.html.