“We Aim To Achieve 33% Revenue From Sustainable Products By 2027”

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In a world challenged by urbanization, climate change, and digitalization, STMicroelectronics (ST) is a sustainability leader, showcasing its commitment through carbon neutrality and tech-driven solutions.

STMicroelectronics hosted a Sustainability Virtual Media Event on 21st September 2023. Jean-Louis CHAMPSEIX, Group Vice President and head of Corporate Sustainability presented the event and replied to various media questionnaires. As urbanization, climate change, and digitalization pose ever-growing challenges, STMicroelectronics stands at the forefront of corporations integrating sustainability into their core strategy, thereby shaping a positive societal impact through its dedicated stewardship of the environment.

ST’s Sustainability Legacy

STMicroelectronics embarked on its sustainability journey over three decades ago, setting the stage for a remarkable legacy of environmental stewardship and social responsibility. In 1993, the company initiated its environmental policy, followed by its first public commitment to sustainability in 1995. Since then, ST has consistently demonstrated its dedication to sustainability through various initiatives and commitments.

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One notable achievement is ST’s commitment to becoming carbon-neutral by 2027, which is part of its Sustainability Charter. Additionally, ST has obtained numerous ISO certifications, including ISO 14067 certification for carbon emissions at both site and corporate levels. The company’s proactive approach to sustainability has earned it recognition and respect on the global stage.

Contributions to Society

STMicroelectronics goes beyond its corporate commitments and actively contributes to society in meaningful ways. Here are some key highlights:

Bridging the Digital Divide

In 2000, ST established a foundation to address the digital divide and promote digital inclusion. Many ST employees actively volunteer to support these initiatives, helping underserved communities gain access to technology.

Sustainable Technology

ST introduced a unique program in 2011 that focuses on the entire product lifecycle, emphasizing responsible product development and recognizing the most environmentally responsible products.

Responsible Business Alliance

ST collaborates with three customers to engage the entire electronic supply chain in improving social and environmental practices. This initiative has been highly successful, leading to the renaming of the alliance to Responsible Business Alliance.

Strong Governance

ST has a dedicated sustainability committee attached to its supervisory board, ensuring high-level involvement in sustainability matters. The company’s top management actively participates in transformation programs, including those related to carbon neutrality, water conservation, data security, and inclusion.

Environmental Impact

STMicroelectronics is making significant strides in reducing its environmental footprint:

Carbon Neutrality. ST is on track to achieve carbon neutrality by 2027, with a 40% reduction in scope 1 and 2 emissions. In 2025, the company will be compatible with the COP 21’s 1.5℃ target.

Renewable Electricity. ST is committed to using 100% renewable electricity by 2027. Already, it has achieved 62% renewable electricity in 2023.

Energy Efficiency. The company aims to achieve a 20% energy efficiency gain by 2025, compared to 2016 levels. It has already reached this target.

Waste Recycling. ST’s goal is to reach 95% waste recycling by 2025, and it has already achieved this objective. Two of its sites, Shenzhen and Calamba, are recognized as zero waste sites.

Social Responsibility. ST is a leader in semiconductor safety rates and is making significant progress in diversity and employee engagement. It fosters a culture of safety and social well-being.

Driving Sustainability Through Technology

STMicroelectronics focuses on technology-driven solutions to address the world’s challenges:

Smart Mobility. ST enables safer, greener, and more connected driving experiences through advanced semiconductor technologies, contributing to the transition to electric vehicles.

Power and Energy. The company leads in renewable energy and power management solutions, making electricity usage more efficient across various industries.

Smart Cities. ST’s technologies support smart cities by monitoring environmental impact, safety, and security, extending to areas like smart farming.

Solar Power Generation. The company continually improves solar panel efficiency, making solar power more accessible and reliable.

Smart Agriculture. ST invests in technologies for responsible farming, including monitoring water and air quality and enhancing animal health.

Remote Diagnostics. ST’s small devices enable remote diagnostics and analysis, improving efficiency in healthcare and beyond.

Transparency and Accountability

STMicroelectronics is committed to transparency and accountability. The company conducts a comprehensive product life cycle assessment, providing customers with detailed information on the environmental impact of its products, from raw material extraction to end-of-life disposal. ST’s rigorous approach ensures that sustainability claims are fact-based and supported by data.

Measurable Impact

STMicroelectronics’ dedication to sustainability has resulted in tangible benefits:

Accident Reduction. ST’s safety-first approach has reduced workplace accidents significantly, leading to a safer work environment.

Carbon Emission Reduction. ST’s initiatives have resulted in an annual reduction of 2.2 million tons of CO2 emissions.

Water and Waste Management. The company’s efforts save 16 billion liters of water and prevent 53,000 tons of waste annually.

Job Creation. ST has created over 5,800 new positions in the last three years, contributing to job growth in the industry.

Shareholder Value. ST’s sustainability initiatives have not only created extra financial value but also improved shareholder value.

Recognition and Rankings

STMicroelectronics has earned recognition and high rankings in sustainability, including being among the top semiconductor companies in various global sustainability indices.

STMicroelectronics’ unwavering commitment to sustainability is not only a source of pride but also a testament to its dedication to creating a better, more sustainable world. By prioritizing people, safety, environmental responsibility, and innovation, ST continues to lead the way in driving positive change for society and the planet.

ST’s Strategic Focus Enabling Smart and Sustainable Solutions

STMicroelectronics (ST) is strategically targeting three fundamental enablers: smart driving, power and energy, and responsible cities, all contributing to the advancement of smart cities. Our commitment extends beyond words, backed by substantial investments and concrete actions:

Investment in Capacity and Product Development. ST has been investing significantly in both capacity and product development in these domains for years, aligning with our dedication to sustainability.

Greenhouse Gas Reduction. In a tangible example, last year, 38% of our revenue, based on product offerings, aimed at achieving substantial greenhouse gas reduction, aligning with Europe’s regulatory taxonomy eligibility criteria.

CapEx Aligned with Sustainability. In 2022, a remarkable 46% of our Capital Expenditure (CapEx) was directed toward products and technology designed for substantial greenhouse gas reduction across their entire life cycle.

These investments reflect our commitment to designing products with sustainability in mind, even if their applications don’t exclusively fall into the “green” category. Our dedication to sustainability is evident as our CapEx allocation for responsible and sustainable technology products surpasses the revenue percentage of the current year. We are confident that we will achieve our goal of 33% sustainability by 2027, possibly even ahead of schedule, demonstrating our unwavering commitment to a greener future.

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