Press release
ON Semiconductor Releases Annual Corporate Social Responsibility Report
ON Semiconductor continues to encourage ethical, sustainable and responsible business practices across its global footprint PHOENIX--(BUSINESS WIRE)-- ON
About this update from On Semiconductor Corporation
[{"type":"text","content":"\nON Semiconductor continues to encourage ethical, sustainable and responsible business practices across its global footprint \n\n PHOENIX--(BUSINESS WIRE)--\nON Semiconductor (Nasdaq: ON), driving energy efficient innovations, has today released its seventh annual Corporate Social Responsibility (CSR) Report. The report highlights key initiatives that are driving the company towards its goals in ethics, sustainability and responsibility, which in turn is positively influencing and impacting its surrounding communities. These key initiatives are a result of the company’s culture and core values, which remain unwavering since its public offering over 20 years ago – respect, integrity and initiative.\n\n\n“In 2019, the organization hit many milestones in the area of CSR and ethics, all while remaining a leader of energy efficient semiconductors that help make the world greener, safer and connected,” said Jean Chong, vice president of ethics and corporate social responsibility at ON Semiconductor. “The results of our sustainable investments have allowed us to improve our competitive position and create a relationship of mutual trust and respect between the company and the local communities in which we operate.”\n\n\nThe organization’s CSR efforts focus on continually improving how it operates, whether it be related to business, governance and ethics, people, environment or communities. By keeping these principles at the forefront of its operations, ON Semiconductor has been able to achieve the following:\n\n\n\nSustainability Project Savings: In 2019, the company saved more than $10.8 million USD through sustainability projects across energy conservation, water conservation, chemical waste reduction, material optimization and recycling efforts. With an in-house team dedicated to sustainability excellence, ON Semiconductor has achieved marked successes within the company’s conservation programs, all of which are vital to the success of our semiconductor device manufacturing business.\n\n\nReclaim and Recycle: In 2019, approximately 910,000 kilograms of scrap materials and 1,376 kilograms of precious metals from its worldwide manufacturing facilities were processed, sorted and sold for reuse. The reclamation of these materials recouped more than $22 million USD.\n\n\nCommunity Support: In 2019, the ON Semiconductor Foundation was for...