onsemi Named One of the 100 Best Corporate Citizens of 2022 for Second Year in a Row

by  onsemi  - 2022-06-05 

onsemi has been named by 3BL Media to its annual 100 Best Corporate Citizens list for a second year in a row. This ranking recognizes outstanding environmental, social and governance (ESG) transparency and performance among the 1,000 largest U.S. public companies. 3BL Media, an editorial platform, shares purpose-driven communications from the world’s leading companies with global stakeholders to inspire and support global sustainable business.

Our 3BL Media recognition was featured on the Nasdaq MarketSite in Times Square, New York, on Monday, May 23, courtesy of our friends at Nasdaq OneReport.

onsemi came in at number 88 and ranking at number seven within the semiconductors and semiconductor equipment industry. In June 2022, the company will publish its annual sustainability report, previously known as the Corporate Social Responsibility report, in a continuous effort to remain transparent with investors, customers, stakeholders and employees.

To further cement its commitment to sustainability, in 2021, onsemi pledged to achieve net-zero emissions by 2040, surpassing the Paris Agreement’s goal by a full decade. This ambitious strategy focuses on three key areas: capitalizing on efficiencies, investing in renewable energy and negating unavoidable emissions through offsets.

“This recognition emphasizes onsemi’s focus of making the world more sustainable while creating a better future by focusing on the environment and other ESG initiatives such as diversity, equity and inclusion,” said Kim Luu, senior director of sustainability and ESG at onsemi. “We are proud to have tripled our female representation on the executive leadership team and decreased our total water consumption by 5% compared to last year.”

The 100 Best Corporate Citizens ranking is based on 155 ESG factors in eight pillars: climate change, employee relations, environment, finance, governance, human rights, stakeholders and society, and ESG performance. Using a methodology developed by 3BL Media, all Russell 1000 Index companies are researched by ISS ESG, the responsible investment research arm of Institutional Shareholder Services.

To compile the ranking, corporate data and information is obtained from publicly available sources only, rather than questionnaires or company submissions. Companies have the option to verify data collected for the ranking at no cost.

“Achieving the transformational targets in the Paris Agreement and UN Sustainable Development Goals in this decisive decade will require companies to truly embed ESG into the core of their business,” said Dave Armon, chief executive officer of 3BL Media. “The 100 Best Corporate Citizens of 2022 are answering the call by demonstrating the societal and bottom-line value of leadership and transparency around ESG topics. They are setting ambitious goals, outlining robust strategies for achieving them, disclosing data to measure progress, and accounting for all stakeholders in business decisions.”

Third-party organizations continue to recognize onsemi globally for its ethics, climate leadership and commitment to be an employer of choice. onsemi has received the following awards:

Read more about our commitment to social responsibility and our new Tomorrow, today campaign, which was recently launched to unify ESG messaging at onsemi here: https://www.onsemi.com/tomorrowtoday.

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Charlie Antazo 2022-06-09 00:00:00.0 Comment rating: Vote down 0 Vote up
Wonderful onsemi!
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