More than 80 years ago, TI's founders decided that the company's worth was based not only on the strength of its balance sheet, but also on its contributions to society. We believe we can create shared value by building strong communities. In turn, strong communities can strengthen our company.
This philosophy is still evident today in our ongoing efforts to improve the quality of life for employees and our neighbors at sites globally. In the communities where we operate, our focus is on:
Our Citizenship Strategy team, Community Involvement teams, employee diversity initiative members and executive leaders, as well as the board of directors' Governance and Stockholder Relations Committee, periodically review our employee and corporate support of community programs.
- Education. In the U.S., the quality of math and science education ranks 48th in the world. TI invests in increasing student interest in science, technology, engineering and math, to encourage their pursuit of technology-related degrees and careers. Outside the U.S., we invest in education programming that helps students innovate and further advance economic growth.
- Environment. We go to great lengths to conserve natural resources and reduce environmental impacts at sites worldwide.
- Society. We support arts and cultural organizations, and address poverty and other societal needs through the United Way and other health and human services agencies.
We routinely meet with nonprofits, nongovernmental organizations, and civic and government officials to gain a greater understanding of our communities' needs. This helps us determine how our employees can make the most difference and how to align our philanthropic efforts where support is needed most.
Additionally, we established giving guidelines for investments in local organizations. Many of our employees (including company leaders) invest their own resources and volunteer their time.
In 2012, we surveyed employees to better understand their interest in and perception of TI's performance and community-engagement initiatives, such as giving programs and volunteerism. Respondents said corporate citizenship is very important to their communities, as well as building employee pride in the company. Employees also said their top volunteer passion is in the area of education.
During the year, we granted $27.3 million from corporate funds to support numerous community agencies and educational programs. For the United Way, we raised $6.3 million. Rich Templeton, our chairman, president and CEO, also served as the United Way of Metropolitan Dallas campaign chair. Our company invested millions in environmental protection measures as well.
For our continued community investments in 2012, we earned awards and recognition from:
- Fortune Magazine as one of its "World's Most Admired Companies."
- CR Magazine as one of its "100 Best Corporate Citizens."
- The United Way of Metropolitan Dallas for helping raise $62 million, a new record. The nonprofit also recognized TI with Million Dollar (largest corporate campaign), Community Impact and Total Campaign Increase Awards at its annual recognition ceremony. In Maine, the United Way of Greater Portland honored TI's wafer fabrication plant with its "Jump Start Award," which recognizes new companies that support the nonprofit and run innovative local campaigns. Our Maine site also received "Best in Class" recognition for unique events it hosted to generate employee interest in United Way.