STMicroelectronics Publishes its Annual Sustainability Report

PR N° C2957C

 

STMicroelectronics Publishes its Annual Sustainability Report

Geneva, May 12, 2020 - STMicroelectronics (NYSE:STM), a global semiconductor leader serving customers across the spectrum of electronics applications, announced the publication of its 2020 Sustainability Report. The 23^rd report contains details and highlights of ST’s sustainability performance in 2019 and presents the Company’s ambitions and longer-term goals for 2025 in alignment with the United Nations Global Compact¹ Ten Principles and Sustainable Development Goals. 

             
“Sustainability is one of the three pillars of ST’s value proposition. It is fully embedded in our company DNA and in the daily operations of ST’s 46,000 outstanding employees, who are once again proving their resilience, creativity and commitment to our communities in these challenging times. We approach sustainability by addressing the opportunities and challenges associated with the long-term trends reshaping our societies: our technologies are enablers of safer, greener mobility, advanced power & energy management across all types of systems and devices, and at the heart of the IoT & 5G. Addressing these opportunities and challenges paves the way to long-term sustainable growth for ST as a global company, for our stakeholders, and more broadly for society” said Jean-Marc Chery, President and CEO of STMicroelectronics.

2019 highlights included:

Company & Business

• Delivered net revenues of $9.56 billion, an operating margin of 12.6%, and invested 15.7% of revenues in R&D to support innovation;
• Reached 62% of new products classified as ‘responsible’ (products that have the greatest positive impact on the planet and society), an increase of 24% compared to 2018, in the framework of our Sustainable technology program launched in 2011;
• Strengthened our supplier audit program with the RBA² standard and methodology deployed across our supply chain in order to engage them in doing business responsibly; 99% of new suppliers screened on social and environmental criteria; and
• Included in the Dow Jones Sustainability Indices World and Europe. 

People and communities