Qualcomm’s 2023 Corporate Responsibility Report: Environmental Management in the Supply Chain

Rhea-AI Summary

Qualcomm's 2023 Corporate Responsibility Report highlights significant strides in environmental management within its supply chain. All primary semiconductor manufacturing suppliers now adhere to ISO 14001-certified environmental management systems. The company uses the WRI Aqueduct™ tool to assess water risks and collaborates with suppliers to track water use and GHG emissions. Qualcomm's initiatives have led suppliers in Taiwan to increase renewable energy funding by up to 300%. The company also conducted its second climate scenario analysis (CSA) to model climate risks across its value chain.

Positive

• All primary semiconductor manufacturing suppliers meet ISO 14001 certification for environmental management.
• Qualcomm uses the WRI Aqueduct™ tool for comprehensive water risk assessments.
• Suppliers have seen up to a 300% increase in renewable energy funding due to Qualcomm's initiatives.
• Qualcomm's climate scenario analysis helps anticipate and mitigate climate risks in its supply chain.
• The company supports suppliers in setting and achieving GHG emission reduction targets.

Negative

• No financial performance data or projections are provided in the report.
• The report lacks specific metrics on the actual reduction of GHG emissions achieved.
• Potential risks are identified but not quantified in terms of financial impact.
• The corrective action process, including the removal of non-compliant suppliers, could disrupt the supply chain.

Originally published in Qualcomm's 2023 Corporate Responsibility Report

NORTHAMPTON, MA / ACCESSWIRE / May 30, 2024 / Each of our primary semiconductor manufacturing suppliers is required to have an ISO 14001-certified environmental management system, and in 2023, all such suppliers reported meeting this requirement. We work with these suppliers at multiple stages of design and manufacturing to monitor their conformance to applicable environmental laws and help adherence to various environmental initiatives.

On an annual basis, we assess current and future water risks at the global and local levels, using the World Resources Institute (WRI) Aqueduct™ tool. The combination of the use of this tool with internal Company knowledge and guidance from external consultants has helped us to better understand physical water risks in our operations, including our supply chain.

Annually, we survey our direct manufacturing suppliers and receive water use and GHG metrics that allow us to set benchmarks and strategize future corporate responsibility initiatives. These suppliers have shown effectiveness in many areas of corporate responsibility, particularly in product environmental governance and resource management. Many of these suppliers have set targets for reducing water consumption and mitigating GHG emissions, and we work alongside them to, where possible, help them achieve their goals. To support continued effectiveness, we've designed corrective action processes, including the potential removal of deficient suppliers from our supply chain.

We also evaluate physical risks in our supply chain. In 2023, we conducted our second climate scenario analysis (CSA) where we held interviews and modeled climate change related risks, inclusive of our value chain. More on our CSA can be found in our TCFD Index.

We believe in helping our suppliers build greater knowledge of corporate responsibility issues, such as human rights, responsible minerals sourcing and selecting less harmful substances for manufacturing. We share our knowledge through on-site visits, business meetings, written communication and other efforts.

In 2023, for example, we worked with several of our primary semiconductor manufacturing suppliers in Taiwan to discuss Qualcomm's netzero commitment, opportunities for deploying renewable energy and projects to realize GHG emission reductions. Also, we completed our Taiwan Sustainability Collaboration Project that aimed to help suppliers add renewable energy capacity and which led suppliers to add up to 300 percent in additional funding for their renewable energy commitments.

Learn more about how Qualcomm is driving innovation, societal advancement and sustainability in the 2023 Corporate Responsibility Report

View additional multimedia and more ESG storytelling from Qualcomm on 3blmedia.com.

Contact Info:
Spokesperson: Qualcomm
Website: https://www.3blmedia.com/profiles/qualcomm
Email: info@3blmedia.com

SOURCE: Qualcomm

View the original press release on accesswire.com

FAQ

What environmental management systems do Qualcomm's suppliers use?

Qualcomm's primary semiconductor manufacturing suppliers use ISO 14001-certified environmental management systems.

How does Qualcomm assess water risks?

Qualcomm uses the World Resources Institute (WRI) Aqueduct™ tool to assess water risks at global and local levels.

What initiatives has Qualcomm implemented regarding GHG emissions?

Qualcomm surveys suppliers for GHG metrics, sets benchmarks, and collaborates on emission reduction targets.

How has Qualcomm influenced renewable energy funding in Taiwan?

Qualcomm's initiatives led to a 300% increase in renewable energy funding among its suppliers in Taiwan.

What is Qualcomm's climate scenario analysis (CSA)?

Qualcomm conducted its second CSA to model climate change risks affecting its value chain.