World-leading semiconductors specialist, ST Microelectronics has been ranked among the ‘Global 100 Most Sustainable Corporations’ by Corporate Knights, a company dedicated to promoting ‘clean capitalism’.
ST Microelectronics has won this honour for the third year in succession and has been ranked 75th on the list, advancing 8 places over its 2011 ranking of No. 83. ST was ranked No. 87 in 2010.
ST Microelectronics is one of only three semiconductor manufacturers to be included in the Global 100 list.
The Global 100 list is compiled by Corporate Knights and its partners after evaluating about 3,500 premier companies around the world to produce a shortlist of 350 companies that are ranked transparently using a range of sustainability indicators such as energy, water and waste productivity, safety record, innovation capacity, employee turnover and promptness in paying taxes.
According to Alain Denielle, Corporate Sustainable Development Group Vice President, ST Microelectronics, the company’s ranking among global leaders in sustainability is further proof of ST’s long-standing belief that integrating sustainability and responsibility into their business activities is a recipe for even greater success.
An early pioneer of environmental responsibility, ST Microelectronics took the pioneering step of publishing its first Environmental Decalogue in 1995. Today, these Environment, Health and Safety measurable targets are included in a larger Sustainability strategy addressing many more domains such as social issues, responsible products, partnerships in R&D or management of sustainability in the ST supply chain.
Toby Heaps, CEO of Corporate Knights, Inc comments that since 2005, the Global 100 Most Sustainable Corporations have achieved a total return of 41.70%, outperforming the MSCI All Country World Index by more than 11%, a performance that he hopes will inspire all companies to pursue the path to sustainable growth.