PHOENIX – Dec. 7, 2022 – onsemi (Nasdaq: ON), a leader in intelligent power and sensing technologies, today announced it was named one of America’s Most Responsible Companies for 2023 by Newsweek. This year marks the fourth consecutive year the company has received this title, reinforcing its reputation as an excellent corporate citizen.
Last year, onsemi made strides in its environmental, social and governance (ESG) efforts, which included reducing its water withdrawal by 5% year-over-year and tripling its female representation on the executive team. By the end of 2022, the company is set to have donated more than $1.3 million through the ON Semiconductor Foundation, part of the Giving Now program at onsemi, and have committed to the Science Based Target Initiative (SBTi). This commitment will ensure the company’s near-term emission reduction goals are aligned with the latest climate science.
“Our products are part of the solution to the world’s biggest challenge – climate change,” said Kim Luu, senior director and head of Sustainability, Environmental Social Governance (ESG). “In addition to our sustainable technologies, we take responsibility for ensuring our operations are conducted in an environmentally responsible and socially thoughtful manner.”
America's Most Responsible Companies 2023 were selected based on publicly available key performance indicators (KPIs) derived from corporate social responsibility (CSR) and sustainability reports. The KPIs focused on company performance in the areas of environment, social and corporate governance. Additionally, an independent survey was conducted to evaluate companies' reputations by asking U.S. citizens about their perception of company activities related to CSR. The final list recognizes the 500 most responsible companies in the United States, spanning 14 industries.
Learn more about onsemi’s ESG efforts and Giving Now.