For decades, we have operated with a passion to create a better world by making electronics more affordable through semiconductors. Our passion alone is not enough in an industry that is constantly evolving. Building a great company requires a special culture to thrive for the long term.
For years, we’ve run our business and invested in our people and communities with three overarching ambitions in mind. First, we will act like owners who will own the company for decades. Second, we will adapt and succeed in a world that is ever-changing. And third, we will be a company that we’re personally proud to be a part of and would want as our neighbor. When we’re successful in achieving these ambitions, our employees, customers, communities and shareholders all win.
There are two important distinctions regarding our commitment to citizenship, which includes environmental, social and governance (ESG) and sustainability priorities:
- First, our ambitions guide how we run our business and are the foundation of our approach to citizenship. Central to these ambitions is a belief that in order for all stakeholders to benefit, the company must grow stronger over the long term.
- Second, our commitment to citizenship directly relates to our passion to create a better world by making electronics more affordable through semiconductors. Semiconductors are and will continue to play a critical role in helping reduce impact on the environmental through electronics: they reduce energy consumption by making electric motors smarter, they electrify vehicles for a cleaner environment, and they preserve natural resources by sensing water and gas leaks. There is a growing list of the ways in which semiconductors help create a better world.
With our ambitions guiding our decision making for the long-term and our products helping to create a better world, we are confident that our collective efforts will be impactful and long lasting. Our commitment to stay true to our ambitions is unwavering, and our progress in citizenship is a testament to this commitment.
We are committed to doing our part to protect the environment, manufacture our products responsibly and reduce the impact of our operations globally.
We are committed to strong corporate governance, managing risk, and building a strong and diverse supply chain that operates ethically.
We cultivate an environment where all employees can be themselves and share their unique perspectives. We are committed to recruiting and retaining top, diverse talent and paying competitively and fairly.
We believe that strong companies build strong communities. TI, the TI Foundation and TIers rise to the challenge and give generously of their time and money to impact the communities around us.
We advocate for public policies that support growth, innovation and competitiveness for our company, our industry and our communities.
As we reported in our 2019 Corporate Citizenship Report, we set a five-year goal in 2015 to reduce absolute Scope 1 and 2 GHG emissions by 15% by the end of 2020. We are currently on track to achieve this goal and will report the final results in our next Corporate Citizenship report.
For 2021 – 2025, TI will begin working toward another five-year goal to:
- reduce absolute Scope 1 and 2 GHG emissions by 25% by the end of 2025, and
- reduce energy intensity by 50% by the end of 2025.
Both goals will use 2015 as the baseline and include all manufacturing sites as well as non-manufacturing sites greater than or equal to 50k square feet.
As stated in our 2019 Corporate Citizenship Report, we have been evaluating additional disclosures to better meet the disclosure needs of company stakeholders. Beginning with our 2020 report, which we expect to publish in mid-2021, we will be mapping to Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-Related Financial Disclosures (TCFD) frameworks.