STMicroelectronics recognized with ‘A’ score for transparency on water security
December 13 2022 - 9:00AM
STMicroelectronics recognized with ‘A’
score for transparencyon water
security
Geneva, December
13, 2022 –
STMicroelectronics (NYSE: STM), a global semiconductor
leader serving customers across the spectrum of electronics
applications, has been recognized for leadership in corporate
transparency and performance on water security by global
environmental non-profit CDP, securing a place on its annual ‘A
List’.
Based on data reported through CDP’s 2022 Water Security
questionnaire, ST is one of a small number of companies that
achieved an ‘A’ - out of nearly 15,000 companies scored.
CDP’s annual environmental disclosure and scoring process is
widely recognized as the gold standard of corporate environmental
transparency. In 2022, over 680 investors with over US$130 trillion
in assets and 280 major purchasers with US$6.4 trillion in
procurement spend requested companies to disclose data on
environmental impacts, risks, and opportunities through CDP’s
platform. A record-breaking 18,700 companies responded.
A detailed and independent methodology is used by CDP to assess
these companies, allocating a score of A to D- based on the
comprehensiveness of disclosure, awareness and management of
environmental risks and demonstration of best practices associated
with environmental leadership, such as setting ambitious and
meaningful targets. Those that don’t disclose or provided
insufficient information are scored an F.
“Inclusion in the CDP’s A List for Water is an important
recognition of our continuous focus on water-related risks and
comprehensive management approach, including water stress
assessment, recycling, efficiency and conservation programs” said
Rajita D’Souza, President, Human Resources and Corporate Social
Responsibility. “ST continues to reduce our water footprint in all
our operations and sites, to address all water risks throughout our
supply chain and territories wherever we operate, and to further
develop our positive impact and support for communities.”
Sustainability has been central to ST’s business model and
culture for over 25 years. ST continually reduces its water
footprint, while sustaining highest standards of wastewater
treatment and control before being released into the environment.
In 2021, water consumption per unit of production was reduced by
16% compared to 2020, in line with the 2025 target to reduce water
consumption by 20% vs 2016.
Note to editorsThe full list of companies that
made this year’s CDP A List is available here:
https://www.cdp.net/en/companies/companies-scores.The full
methodology and criteria for the A List is available on CDP’s
website at: https://www.cdp.net/en/companies/companies-scores.
About STMicroelectronicsAt ST, we are 48,000
creators and makers of semiconductor technologies mastering the
semiconductor supply chain with state-of-the-art manufacturing
facilities. An integrated device manufacturer, we work with more
than 200,000 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 connectivity. ST is
committed to becoming carbon neutral by 2027. Further information
can be found at www.st.com.
About CDPCDP is a global non-profit that runs
the world’s environmental disclosure system for companies, cities,
states and regions. Founded in 2000 and working with more than 680
financial institutions with over $130 trillion in assets, CDP
pioneered using capital markets and corporate procurement to
motivate companies to disclose their environmental impacts, and to
reduce greenhouse gas emissions, safeguard water resources and
protect forests. Nearly 20,000 organizations around the world
disclosed data through CDP in 2022, including more than 18,700
companies worth half of global market capitalization, and over
1,100 cities, states and regions. Fully TCFD aligned, CDP holds the
largest environmental database in the world, and CDP scores are
widely used to drive investment and procurement decisions towards a
zero carbon, sustainable and resilient economy. CDP is a founding
member of the Science Based Targets initiative, We Mean Business
Coalition, The Investor Agenda and the Net Zero Asset Managers
initiative. Visit cdp.net or follow us @CDP to find out more.
For further
information, please
contact:INVESTOR
RELATIONS:Céline BerthierGroup VP, Investor RelationsTel:
+41.22.929.58.12celine.berthier@st.com
MEDIA RELATIONS:Alexis BretonCorporate External
CommunicationsTel: +33 6 59 16 79 08alexis.breton@st.com
- C3142C -- Dec 13 2022 -- CDP A List 2022 Water Security_FINAL
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