STMicroelectronics released its 24th sustainability report detailing the company's 2020 performance.

“Since early 2020 the world has changed, with the pandemic reshaping how we live, work and communicate," said Jean-Marc Chery, president and CEO, STMicroelectronics. "During these tough times, ST showed resilience at all levels, while continuing to create technology for a sustainable world in a sustainable way and to generate long-term value for our people and all stakeholders. In December 2020, we took an important step to accelerate our efforts with the announcement of our commitment to become carbon neutral by 2027. To achieve this very ambitious target we have built a comprehensive program and will mobilize the support of expert partners and stakeholders in a collaborative approach.”

ST’s inclusion, for the first time in 2020, in the CDP “A list” for climate change recognizes the company’s commitments and actions, including:

• Setting the goal to become carbon neutral by 2027, one of the earliest dates anticipated for any semiconductor company globally;
• Joining the Science Based Targets Initiative (SBTi). By the end of 2020, ST was the only semiconductor company with approved targets to limit warming to no more than 1.5°C;
• Decreasing our total greenhouse gas (GHG) emissions by 19% in absolute terms compared to 2019;
• Purchasing 40% of electricity coming from renewable sources, representing an increase of 50% compared to 2019, with the commitment to use 100% renewable energy by 2027.

Facing the COVID-19 pandemic, ST said it:

• Deployed the most stringent measures to protect the health and safety of employees who worked at ST sites to ensure continuity of operations, in line with global and local regulations;
• Enabled 15,000 employees to work from home. ST provided a new employee assistance program named ‘STCare’ to help them manage the constraints of working remotely;
• Donated in-kind and cash to support hospitals and protect stakeholders;
• Increased the employee engagement score in 2020 with 81% of employees recommending ST as a great place to work (+4 points vs 2019);
• Decreased the recordable case rate (injuries and illnesses) from 0.16 in 2019 to 0.15 in 2020, on track to reach ST’s 2025 goal;
• Increased by 49% in 2020 vs 2019 the number of suppliers audited according to the RBA standard and methodology;
• Invested 15.2% of revenues ($1.55 billion) in R&D to support innovation;
• Produced 63% of new products identified as ’responsible’ 18.5% of total revenues were generated by ST’s responsible-products portfolio;
• Continued to progress on strategic programs based on Silicon Carbide- and Gallium Nitride- based technologies and products targeting improved energy efficiency and performance across all end-markets ST serves;
• Created a new Innovation Office increasing both internal and external talent scouting and cooperation capabilities to sustain, stimulate, and facilitate the process of continuous innovation;
• Developed open innovation with 143 active R&D partnerships around the world.