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PHOENIX – March 15, 2022 – onsemi (Nasdaq: ON), a leader in intelligent power and sensing technologies, has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the World’s Most Ethical Companies in 2022. This marks the company’s seventh consecutive year on this list. In 2022, 136 honorees were recognized spanning 22 countries and 45 industries. Only four honorees were in the semiconductor industry.
“At onsemi, we have a mission to propel the world forward with intelligent technology and a goal to achieve net-zero emissions by 2040,” said Hassane El-Khoury, president and chief executive officer of onsemi. “We understand how we work, impact the environment and give back makes a difference to the customers we serve and the communities we live in. By continuing to focus on governance and ethics and committing to be a responsible business, we are doing our part to build the future today.”
onsemi is dedicated to maintaining high ethical business standards with employees, customers, shareholders, and other stakeholders. In living up to the company’s core values, the actions of every employee reflect an individual and collective effort to create an ethical work environment for their colleagues and business partners, driving further shareholder value.
“Today, business leaders face their greatest mandate yet to be ethical, accountable, and trusted to drive positive change,” said Ethisphere CEO, Timothy Erblich. “We continue to be inspired by the World’s Most Ethical Companies honorees and their dedication to integrity, sustainability, governance, and community. Congratulations to onsemi for earning the World’s Most Ethical Companies designation.”
Ethisphere and others have recognized onsemi over the years for its environmental, social and governance (ESG) efforts and this year is no different. The company was included on Barron’s 100 Most Sustainable Companies list for the fifth consecutive year and Corporate Knights’ Clean200 global list for the second time. onsemi also received Platinum Level Recognition from EcoVadis and was named to Bloomberg’s Gender Equity Index for the third consecutive year. Newsweek included onsemi on its America’s Most Responsible Companies list for the third consecutive year. These awards are contributed to the tremendous work that has been done and continues to be done by all employees of onsemi.
Methodology & Scoring
Grounded in Ethisphere’s proprietary Ethics Quotient®, the World’s Most Ethical Companies assessment includes more than 200 questions on culture, environmental and social practices, ethics and compliance activities, governance, diversity, and initiatives to support a strong value chain. This process serves as an operating framework to capture and codify the leading practices of organizations across industries and around the globe.
It takes cooperation, collaboration, and visibility that enables effective monitoring across the entire supply chain to meet corporate social responsibility goals, and a digital supply chain platform is the key to achieving them. Key Takeaways: Your company doesn’t have responsibility for the end product alone; it’s also responsible for any outsourced work or supplies Companies […]