Press Release : STMicroelectronics - 2021 Sustainability Report: STMicroelectronics steps upits sustainability commitments and programs

 
   PR No: C3000C 
 
   2021 Sustainability Report: STMicroelectronics steps up its 
sustainability commitments and programs 
 
   Geneva, May 5, 2021 - STMicroelectronics (NYSE:STM), a global 
semiconductor leader serving customers across the spectrum of 
electronics applications, releases today its 24(th) sustainability 
report detailing the 2020 performance. 
 
   "Since early 2020 the world has changed, with the pandemic reshaping how 
we live, work and communicate. 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." said 
https://www.globenewswire.com/Tracker?data=_HTT5m9mH5q91W78JsJz-LrCihYrS678Fc1iTr8Hf8pLR2yjOgEUjB3OCIyHvQsU7-ZmKC3-rgAvM1Ppy6KS5kAF1gG0xCbwxTCNz2Fmf318t3xXcfvkGbX_EhpSgb2GdpoRv_P3HdpOoyoSlOvAmYQxMPS-dIv-OjkB1qDG1PJUASlkGr8DWx3dXIREjec8 
Jean-Marc Chery, President and CEO, STMicroelectronics. 
 
   For more than 25 years, sustainability has been an integral part of 
STMicroelectronics' DNA, values and business model. Working together 
with customers and partners, ST creates innovative technologies that 
bring an important contribution to overcome the environmental and social 
challenges of the planet today. In ST's commitment to limit climate 
change, a global challenge that requires collective action, ST 
accelerated its sustainable development objectives and has developed a 
roadmap to become carbon neutral by 2027, for its 40th anniversary. 
 
   Protecting the environment 
 
   ST has been actively working on reducing its environmental footprint 
through dedicated programs for many years. ST's inclusion, for the first 
time in 2020, in the CDP(1) "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 (SBTi2). By the end of 2020, 
      ST was the only semiconductor company with approved targets to limit 
      warming to no more than 1.5degC; 
 
   -- 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. 
 
 
   Putting people first 
 
   Facing the COVID-19 pandemic, ST's priority has been to protect its 
46,000 employees, who in the past year, even more than ever, 
demonstrated their resilience as well as their commitment to the 
communities in which they live and work: 
 
 
   -- 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 RBA3 standard and methodology. 
 
 
   Creating innovation inspired by customers' needs 
 
   ST continues to create a funnel of innovation that allows the 
development of the market-leading products and solutions that enable 
ST's customers to fuel future growth. This allows ST to continue pushing 
the boundaries of disruption in technologies and applications, in line 
with ST's strategic objectives: 
 
 
   -- Invested 15.2% of revenues (US$1.55 billion) in R&D to support 
      innovation; 
 
   -- Produced 63% of new products identified as 'responsible'4; 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. 
 
 
   The 24th report contains highlights and details of ST's sustainability 
performance in 2020 and presents the Company's ambitions and longer-term 
goals for 2025 in alignment with the United Nations Global Compact(5) 
Ten Principles and Sustainable Development Goals. It is aligned with 
Global Reporting Standards (GRI), Sustainability Accounting Standards 
Boards (SASB), and Task Force on Climate-Related Financial Disclosures 
(TCFD). This report has been verified by a third party. 
 
   The 2021 Sustainability Report (2020 performance) can be viewed here 
https://www.globenewswire.com/Tracker?data=LrjphDH-xxlUxja-HpRyxbMa8WQ1JEOYO3x9xYx20KOA5kUlVY8HHN744t3t10pjOoEOykZ-twxE_cV72fnWT5-wJ_9hfErLr2-3ROgwl7Q= 
and downloaded as a PDF here 
https://www.globenewswire.com/Tracker?data=LrjphDH-xxlUxja-HpRyxZBcnNvTGn881exw0sbqP48D49zdb6I_bAlBLkhkE75j9U0owKhSoKZ3lraBynaeUQ== 
. 
 
   About STMicroelectronics 
 
   At ST, we are 46,000 creators and makers of semiconductor technologies 
mastering the semiconductor supply chain with state-of-the-art 
manufacturing facilities. An independent device manufacturer, we work 
with more than 100,000 customers and thousands of partners to design and 
build products, solutions, and ecosystems that address their challenges 
and opportunities, and the need to support a more sustainable world. Our 
technologies enable smarter mobility, more efficient power and energy 
management, and the wide-scale deployment of the Internet of Things and 
5G technology. Further information can be found at www.st.com. 
 
   For further information, please contact: 
 
   INVESTOR RELATIONS: 
 
   Céline Berthier 
 
   Group VP, Investor Relations 
 
   Tel : [phone] 
 
   [e-mail] 
https://www.globenewswire.com/Tracker?data=R2JOpUwhv9p-LkwozIWx9U24zXOhn6EDiDNVHzsmOJqzWaRvUgdwN4unrsMIWxbGxalOKGAAGXntWCPMxVUgjpuKRd4UPXumsLoI59juH0U= 
 
 
   MEDIA RELATIONS: 
 
   Alexis Breton 
 
   Corporate External Communications 
 
   Tel: + 33.6.59.16.79.08 
 
   https://www.globenewswire.com/Tracker?data=Qch1XLMVMEcxpD9sL-hQLRaEqkD78BSaaYYCUYERzvRlzSQUfI49XKgYcWTCj2xCJFXtcJ9IMFl6KcDWHqd92Hr_hbLDMONxta65YfKSPb4= 
[e-mail] 
 
   (1) CDP: https://www.cdp.net 
 
   (2) The Science Based Targets initiative is a collaboration between the 
Carbon Disclosure Project (CDP), the World Resources Institute (WRI), 
the World Wide Fund for Nature (WWF), and the United Nations Global 
Compact (UNGC). It encourages companies to set targets for reducing 
Greenhouse Gas emissions based on scientific data, in order to meet the 
goals of the COP 21 Paris Agreement. It already includes more than 1,000 
companies worldwide. 
 
   (3) Responsible Business Alliance is the world's largest industry 
coalition dedicated to corporate social responsibility in global supply 
chains. http://www.responsiblebusiness.org/ 
 
   (4) Responsible products are products that provide environmental and 
social benefits. 
 
   (5) The UN Global Compact asks companies to embrace, support and enact, 
within their sphere of influence, a set of core values in the areas of 
human rights, labor standards, the environment and anti-corruption. More 
information on the UN Global Compact is available at: 
https://www.globenewswire.com/Tracker?data=0sge2OhRyVBhB83knvkKWu5iZruX32E0UNXB9GMrCzezd9Hn3SRqztGrW7T4ttuZbppyA3TWFJXLykc_x4URDbuDZvzuywSlIboKpgJiMMtA4p3ti_zD2VY28wWwNX3EFoofygogVn2ZOss20lfX_pvXPP3c83I60pNEOyeaQishWBwJEkuTggNPLkwcue7bvQMn5kgRe4SVLDANv2uo3f2oDEAxoXsSNCFVoIEgej4= 
http://www.unglobalcompact.org/aboutthegc/thetenprinciples/index.html 
 
 
 
   Attachment 
 
 
   -- C3000C -- May 5 2021 -- 2021 CSR Report_FINAL FOR PUBLICATION 
      https://ml-eu.globenewswire.com/Resource/Download/c43b2ac6-ea4d-475c-8cf0-ccd4b27b487d

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May 05, 2021 09:00 ET (13:00 GMT)