ON Semiconductor Affirms Commitment to Climate Change Action and Transparency
17 Março 2021 - 11:00AM
Business Wire
ON Semiconductor Corporation (Nasdaq: ON) announced today that
it has posted its 2020 Sustainability Accounting Standards Board
(SASB) results specific to the semiconductor industry on its social
responsibility webpage. In addition, the company confirmed that its
sustainability programs are aligned with the recommendations of the
Task Force on Climate-related Financial Disclosures (TCFD). The
results reinforce ON Semiconductor’s dedication to the development
of strategies and programs addressing global climate change.
“As climate change continues to be one of the key issues facing
all global businesses today, we believe that it is imperative to
understand the potential risks our business faces as well as to
recognize and address the potential impact of our business on the
climate,” said Hassane El-Khoury, president and CEO of ON
Semiconductor. “The better we identify these risks and our
opportunities, the better we will be able to mitigate climate
challenges in our global operations to better serve our customers.
We are committed to driving sustainability within our company and
to being held accountable for the status and plans of our climate
change actions by disclosing them continuously to our investors and
all other stakeholders.”
In 2021, ON Semiconductor affirmed its climate change policy
highlighting the focus areas for its climate change-related
actions. In accordance with this policy, the company intends to
take actions to address carbon emissions from its global
manufacturing operations, deliver products that help its customers
achieve their climate goals, and educate and inform its employees
on sustainable living.
The TCFD recommendations are intended to provide decision-useful
information to lenders, insurers, and investors. A third-party
analysis noted the company’s well established enterprise risk
management program (ERM) has already identified some
climate-related risks associated with its business and remarked
upon the existing awareness of climate change by the board of
directors and executive staff, and the company’s environmental,
health and safety (EHS) department.
“We are proud to have key elements in place to address the four
TCFD pillars of governance, strategy, risk management and metrics
and targets,” said Jean Chong, vice president, ethics and corporate
social responsibility. “Addressing these pillars requires long-term
commitment and is only possible with a clear vision and strong
execution by an engaged board of directors, leadership and
employees.”
The ON Semiconductor 2019 Corporate Social Responsibility (CSR)
report can be found here. The ON Semiconductor 2020 CSR report is
expected to be released in June 2021.
About ON Semiconductor
ON Semiconductor (Nasdaq: ON) is driving energy efficient
electronics innovations that help make the world greener, safer,
inclusive and connected. The company has transformed into our
customers’ supplier of choice for power, analog, sensor and
connectivity solutions. Our superior products help engineers solve
their most unique design challenges in automotive, industrial,
cloud power, and Internet of Things (IoT) applications.
ON Semiconductor operates a responsive, reliable supply chain
and quality programs, and robust ESG programs. Headquartered in
Phoenix, Arizona, the company has a global network of manufacturing
facilities, sales and marketing offices and engineering centers in
its key markets.
ON Semiconductor and the ON Semiconductor logo are registered
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20210317005322/en/
Sarah Rockey Corporate/Media Communications ON Semiconductor
(602) 244-5910 sarah.rockey@onsemi.com
Parag Agarwal Vice President - Investor Relations &
Corporate Development ON Semiconductor (602) 244-3437
investor@onsemi.com
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