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TI reports on 2011 citizenship progress and goals
(05/12)
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Texas Instruments has released its 2011 Corporate Citizenship Report outlining the company's social responsibility progress and goals.
Posted on the company's website, TI's sixth annual citizenship report meets requirements for the Global Reporting Initiative (GRI) self-assessed Application Level A, one of the top two highest levels rating transparency. GRI is one of the world's most widely used frameworks for sustainability reporting.
"Sustainability is a lasting evolution at Texas Instruments that challenges us to think about what we're doing today and what we want to achieve tomorrow," said Rich Templeton, TI Chairman, President and CEO. "It is a journey that goes beyond our next earnings report and any unforeseen ups and downs year-to-year."
"I have an unshakable belief that the best is yet to come as technology makes a better world — one that is more exciting, more interactive, more connected and more efficient. We commit to doing our part by helping create problem-solving technology while continuing to grow responsibly," he said.
The complete report addresses seven key areas:
A few 2011 highlights from the report include:
- Developed a new supplier environmental and social responsibility policy that requires critical alignment of our expectations for ethics, labor practices and environmental controls.
- Implemented 134 energy-efficiency and water conservation projects that saved $8.6 million in utility costs.
- Recycled 1.5 billion gallons of water and 92 percent of waste.
- Fully staffed our Motor Driver Lab as a proving ground for more efficient technology; an estimated 60 percent of the world's electricity is used by motors.
- Contributed $22.2 million to education improvement and local communities through TI, the TI Foundation and employees. This includes $14.6 million for more effective science and math education to grow the number of students ready to pursue careers in technology.
- Contributed almost $1 million to disaster relief in Japan by the TI Foundation and employees.
- Committed $1 million to expand grants to help raise student success in math and science in new TI communities after the acquisition of National Semiconductor.
- Named to CR Magazine's "100 Best Corporate Citizens," Ethisphere Institute's "World's Most Ethical Companies" and Fortune's "Global Most Admired" lists.
"The report highlights the many ways in which TI has worked to improve our operations and local communities through investment and involvement," said Trisha Cunningham, TI's chief citizenship officer. "We have a long history of strong social, ethical and environmental practices. The report is a way we can share our recent performance and plans with our stakeholders."
TI provides updates on new citizenship initiatives and events year round on this Citizenship website (ti.com/citizenship) and invites visitors to share feedback through e-mail and social media such as @AroundTI on Twitter and facebook.com/texasinstruments on Facebook.
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