NXP Semiconductors Releases Annual Sustainability Report Outlining Renewed Commitments to Environmental, Social and Governance Goals
Company highlights year-over-year ESG progress and provides roadmap to carbon neutrality by 2035
EINDHOVEN, The Netherlands, April 01, 2022 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. (NASDAQ: NXPI) today published its annual Corporate Sustainability Report (CSR), reinforcing its commitment to transparency and sustainable business practices. The report includes details on NXP’s overall environmental, social, and governance (ESG) strategy and guiding principles, the company’s mid-term and long-term ESG goals, and key metrics for use in measuring the company’s progress and performance.
“At NXP, we bring together bright minds to create breakthrough technologies that make the connected world better, safer and more secure,” said Kurt Sievers, President and Chief Executive Officer of NXP. “We believe that our ambitious goals, particularly carbon neutrality and diversity, will help contribute to a more sustainable and inclusive world.”
NXP’s 2021 Corporate Sustainability Report can be found at nxp.com/csr.
The company’s 2021 ESG achievements and future aspirations include:
Climate and Environment – The company continued efforts to limit the emission of greenhouse gases (GHGs) in 2021 and succeeded in reducing its normalized carbon footprint (Scope 1 & 2) by
Future Goals:
- Achieve carbon neutrality by 2035
- By 2027:
- Reduce carbon emissions by
35% over a 2021 baseline - Increase renewable energy use to
50% - Recycle
60% of water - Achieve a
90% waste recycling rate
- Reduce carbon emissions by
Diversity, Equality and Inclusion – Despite the challenging talent environment, NXP hired nearly 8,000 new team members in 2021, including approximately 3,300 women. Women now represent
Aspirational Goals:
- Achieve
25% women in research and development by 2025 - Achieve
50% underrepresented minorities in the U.S. workforce by 2025
ESG Goals Linked to Compensation – In 2022, NXP will incorporate sustainability goals into its annual incentive plan for all employees, to further enhance and encourage team member ownership regarding key aspects of ESG performance and help further the company’s efforts to achieve continuous improvement on its sustainability journey.
Health and Safety – NXP maintained stringent protocols to protect team members in response to the COVID-19 pandemic. Achieved its lowest-ever injury rate of 0.08 Total Case Incident Rate (TCIR) for the second year in a row, well below the semiconductor industry average.
Ongoing Ambition:
- Zero workplace injuries
More information on NXP's sustainability efforts can be found at nxp.com/sustainability.
About NXP Semiconductors
NXP Semiconductors N.V. (NASDAQ: NXPI) enables a smarter, safer and more sustainable world through innovation. As a world leader in secure connectivity solutions for embedded applications, NXP is pushing boundaries in the automotive, industrial & IoT, mobile, and communication infrastructure markets. Built on more than 60 years of combined experience and expertise, the company has approximately 31,000 employees in more than 30 countries and posted revenue of
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