PHOENIX - onsemi (Nasdaq: ON), a leader in intelligent power and sensing technologies, announced its ESG efforts have secured a spot on the Investor's Business Daily (IBD) 100 Best ESG Companies list for 2021, which highlights companies with leading ESG ratings and strong stock performance. onsemi ranked 49th on the 2021 list.
IBD created its list and ranked companies using Dow Jones environmental, social and governance (ESG) data, which was sourced from more than 6,000 companies. The North America Dow Jones Sustainability Index included onsemi for the fourth consecutive year. IBD narrowed the search to the top 15% of the 2,360 U.S.-traded companies with a $10 or higher stock price and screened them for an IBD composite rating of 85 or better. To break the tie at 100, IBD screened for relative strength and earnings per share (EPS) ratings. All data from IBD and Dow Jones is as of 8/31/21.
In 2021, onsemi received honors such as the World's Most Ethical Companies from Ethisphere for the sixth consecutive year, World Finance's Most Sustainable Company in the semiconductor category for the second successive year and was one of Newsweek's America's Most Responsible Companies for the third consecutive year. The stock price for onsemi increased more than 80% since January 2021 based on a new corporate strategy implemented by onsemi President and CEO Hassane El-Khoury.
'It's an honor for onsemi to be on Investor's Business Daily's list of 2021's ESG companies,' said Thad Trent, executive vice president and chief financial officer at onsemi. 'Our ongoing commitment to ESG goals includes several crucial initiatives to ensure we reach net-zero emissions by 2040, and we are excited to see that our efforts are making a difference.'
ESG and sustainability are the responsibility of all onsemi employees, and they work hard to ensure the company meets and often exceeds the set targets. Learn more about onsemi's ESG initiatives in its,
Additional Resources & Documents: onsemi Named top 100 Best Corporate Citizens of 2021
ON Semiconductor Named to Dow Jones Sustainability Index for Third Year in a Row
onsemi (Nasdaq: ON) is driving disruptive innovations to help build a better future. With a focus on automotive and industrial end-markets, the company is accelerating change in megatrends such as vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure. With a highly differentiated and innovative product portfolio, onsemi creates intelligent power and sensing technologies that solve the world's most complex challenges and leads the way in creating a safer, cleaner, and smarter world.
onsemi and the onsemi logo are trademarks of Semiconductor Components Industries, LLC. All other brand and product names appearing in this document are registered trademarks or trademarks of their respective holders. Although the Company references its website in this news release, information on the website is not to be incorporated herein.
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