Ethisphere Announces onsemi as One of the 2022 World';s Most Ethical Companies for the Seventh Consecutive Year

Rhea-AI Summary

onsemi (Nasdaq: ON) has been named one of the World’s Most Ethical Companies in 2022 by Ethisphere, marking its seventh consecutive year on this prestigious list. The selection highlights onsemi's commitment to ethics, governance, and corporate responsibility, with the company recognized in a field of 136 honorees across 22 countries and 45 industries. Additionally, onsemi's efforts in environmental, social, and governance (ESG) practices have earned it spots on various sustainability lists, including Barron’s 100 Most Sustainable Companies and Corporate Knights’ Clean200.

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• Recognized as one of the World's Most Ethical Companies for the seventh consecutive year.
• Included in Barron’s 100 Most Sustainable Companies for the fifth consecutive year.
• Highlighted in Bloomberg’s Gender Equity Index for the third consecutive year.

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• None.

Recognition honors companies demonstrating exceptional leadership and a commitment to business integrity through best-in-class ethics, compliance, and governance practices

PHOENIX--(BUSINESS WIRE)-- onsemi (Nasdaq: ON), a leader in intelligent power and sensing technologies, has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the World’s Most Ethical Companies in 2022. This marks the company’s seventh consecutive year on this list. In 2022, 136 honorees were recognized spanning 22 countries and 45 industries. Only four honorees were in the semiconductor industry.

“At onsemi, we have a mission to propel the world forward with intelligent technology and a goal to achieve net-zero emissions by 2040,” said Hassane El-Khoury, president and chief executive officer of onsemi. “We understand how we work, impact the environment and give back makes a difference to the customers we serve and the communities we live in. By continuing to focus on governance and ethics and committing to be a responsible business, we are doing our part to build the future today.”

onsemi is dedicated to maintaining high ethical business standards with employees, customers, shareholders, and other stakeholders. In living up to the company’s core values, the actions of every employee reflect an individual and collective effort to create an ethical work environment for their colleagues and business partners, driving further shareholder value.

“Today, business leaders face their greatest mandate yet to be ethical, accountable, and trusted to drive positive change,” said Ethisphere CEO Timothy Erblich. “We continue to be inspired by the World’s Most Ethical Companies honorees and their dedication to integrity, sustainability, governance, and community. Congratulations to onsemi for earning the World’s Most Ethical Companies designation.”

Ethisphere and others have recognized onsemi over the years for its environmental, social and governance (ESG) efforts and this year is no different. The company was included on Barron’s 100 Most Sustainable Companies list for the fifth consecutive year and Corporate Knights’ Clean200 global list for the second time. onsemi also received Platinum Level Recognition from EcoVadis and was named to Bloomberg’s Gender Equity Index for the third consecutive year. Newsweek included onsemi on its America’s Most Responsible Companies list for the third consecutive year. These awards are contributed to the tremendous work that has been done and continues to be done by all employees of onsemi.

Methodology & Scoring

Grounded in Ethisphere’s proprietary Ethics Quotient®, the World’s Most Ethical Companies assessment includes more than 200 questions on culture, environmental and social practices, ethics and compliance activities, governance, diversity, and initiatives to support a strong value chain. This process serves as an operating framework to capture and codify the leading practices of organizations across industries and around the globe.

About onsemi

onsemi (Nasdaq: ON) is driving disruptive innovations to help build a better future. With a focus on automotive and industrial end-markets, the company is accelerating change in megatrends such as vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure. With a highly differentiated and innovative product portfolio, onsemi creates intelligent power and sensing technologies that solve the world’s most complex challenges and leads the way in creating a safer, cleaner and smarter world.

About Ethisphere

Ethisphere^® is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character and measure and improve culture. Ethisphere honors superior achievement through its World’s Most Ethical Companies recognition program and provides a community of industry experts with the Business Ethics Leadership Alliance (BELA). More information about Ethisphere can be found at: https://ethisphere.com.

onsemi and the onsemi logo are trademarks of Semiconductor Components Industries, LLC. All other brand and product names appearing in this document are registered trademarks or trademarks of their respective holders.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220315005266/en/

Stefanie Cuene

Head of Public Relations

onsemi

(602) 244-3402

stefanie.cuene@onsemi.com

Parag Agarwal

Vice President - Investor Relations & Corporate Development

onsemi

(602) 244-3437

investor@onsemi.com

Anne Walker

VP of Content and Thought Leadership

Ethisphere

Anne.Walker@Ethisphere.com

Source: onsemi

FAQ

What recognition did onsemi receive in 2022?

onsemi was recognized as one of the World's Most Ethical Companies in 2022 by Ethisphere.

How many years has onsemi been recognized for its ethical practices?

onsemi has been recognized for seven consecutive years.

What other awards has onsemi received related to sustainability?

onsemi has been included in Barron’s 100 Most Sustainable Companies and Corporate Knights’ Clean200.

How does Ethisphere assess ethical companies?

Ethisphere uses its proprietary Ethics Quotient®, which includes more than 200 questions on various business practices.