Sixth consecutive ranking recognizes onsemi’s leadership in sustainable business practices
SCOTTSDALE, Ariz. – March 29, 2023 – onsemi (Nasdaq:ON), a leader in intelligent power and sensing technologies, today announced the company’s inclusion on Barron’s List of 100 Most Sustainable U.S. Companies. Barron’s assesses the 1,000 largest publicly traded companies across 230 environmental, social and governance (ESG) performance indicators to determine the constituents of its annual list. onsemi has been included on the index since its inception in 2018, making this the sixth consecutive year the company has received this recognition.
onsemi’s inclusion demonstrates its leadership in managing, acting on and disclosing its sustainability and ESG goals, which are communicated – including metrics and progress towards them – in the company’s annual sustainability report. onsemi also completes and publishes standard ESG reporting frameworks and disclosures such as the Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB), Taskforce for Climate-Related Financial Disclosure (TCFD) and CDP (formerly known as the Climate Disclosure Project), supporting transparency of ESG performance and enabling consistent comparison across different metrics for stakeholders.
“ESG data permits a holistic assessment of a company, providing pertinent information for investment decision making," said Kim Luu, senior director and head of Sustainability and ESG, onsemi. “As ESG analysis becomes an increasingly important part of the investment process, ensuring investors and other stakeholders have access to this data and communicating how we build climate resilience into our business strategy and operations drives company value."
Through its public disclosure practices, onsemi has received industry-leading rating scores from notable ESG rating companies, including Institutional Shareholders Services (ISS), Morgan Stanley Capital International (MSCI) and Sustainalytics, aiding in its inclusion on the Barron’s list.
Barron’s worked with Calvert, a leader in ESG investing, to build its list of most sustainable companies. Specifically, Calvert looked at more than 230 ESG performance indicators from seven rating companies, including ISS, MSCI, and Sustainalytics, along with using other data and Calvert’s internal research. Starting with the 1,000 largest publicly traded companies by market value, Calvert ranked each one by how it performed in five key constituencies: shareholders, employees, customers, community, and the planet.