IQE plc: IQE establishes new ESG Board Committee
January 24 2022 - 2:00AM
IQE plc: IQE establishes new ESG Board Committee
IQE plc
Cardiff, UK24 January 2022
IQE establishes
new ESG Board
Committee
IQE plc (AIM: IQE, "IQE" or the "Group"), the
leading supplier of compound semiconductor wafer products and
advanced material solutions to the global semiconductor industry,
is pleased to announce the formation of an Environmental, Social
and Governance (“ESG”) Board Committee.
The purpose of this Committee will be to develop
and monitor the execution of IQE’s ESG strategy as well as to
oversee the communication of the company’s ESG activities with all
stakeholders.
IQE’s Chairman Phil Smith will Chair the
Committee and will be joined by Non-Executive Directors Drew Nelson
and Sir Derek Jones. Sir Derek will also be IQE’s nominated
workforce engagement representative and will report to the
Committee on workforce engagement matters.
A copy of the Committee’s Terms of Reference is
available at www.iqep.com.
Americo Lemos,
Chief Executive Officer of IQE,
commented:
“I am pleased to announce the formation of IQE’s
ESG Board Committee. This is an important step which reflects our
commitment to continuous improvement and implementing best practice
across the business. While we recognise that we are at the
beginning of our sustainability journey, our consideration of ESG
issues is materially important to our future strategy and will be
critical to ensuring a sustainable and viable business in the long
term.”
Contacts:
IQE plc+44 (0) 29 2083 9400Americo LemosTim
PullenAmy Barlow
Peel Hunt LLP (Nomad and Joint Broker)+44 (0)
20 7418 8900Edward KnightPaul GillamJames Smith
Citigroup Global Markets Limited (Joint
Broker)+44 (0) 20 7986 4000Christopher WrenPeter
Catterall
Headland Consultancy (Financial PR) + 44
(0) 20 38054822Andy Rivett-Carnac: +44 (0)7968 997 365Chloe
Francklin: +44 (0)78 3497 4624
ABOUT IQE
http://iqep.com
IQE is the leading global supplier of advanced
compound semiconductor wafers and materials solutions that enable a
diverse range of applications across:
- handset devices
- global telecoms infrastructure
- connected devices
- 3D sensing
As a scaled global epitaxy wafer manufacturer, IQE is uniquely
positioned in this market which has high barriers to entry. IQE
supplies the whole market and is agnostic to the winners and losers
at chip and OEM level. By leveraging the Group’s intellectual
property portfolio including know-how and patents, it produces
epitaxy wafers of superior quality, yield and unit economics.
IQE is headquartered in Cardiff UK, with c. 670
employees across nine manufacturing locations in the UK, US, Taiwan
and Singapore, and is listed on the AIM Stock Exchange in
London.
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