Global semiconductor leader STMicroelectronics has been recognised for leadership in corporate transparency and performance on water security by global environmental non-profit CDP, securing a place on its annual A list.

Based on data reported through CDP’s 2022 Water Security questionnaire, ST is one of a small number of companies that achieved an A out of nearly 15,000 companies scored.

CDP’s annual environmental disclosure and scoring process is widely recognised as the gold standard of corporate environmental transparency.

In 2022, over 680 investors with over $130 trillion (€123.95 trillion) in assets and 280 major purchasers with $6.4 trillion (€6.1 trillion) in procurement spend requested companies to disclose data on environmental impacts, risks, and opportunities through CDP’s platform. A record-breaking 18,700 companies responded.

A detailed and independent methodology is used by CDP to assess these companies, allocating a score of A to D, based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets. Those that don’t disclose or provided insufficient information are scored an F.

“Inclusion in the CDP’s A List for Water is an important recognition of our continuous focus on water-related risks and comprehensive management approach, including water stress assessment, recycling, efficiency and conservation programs” ST President Human Resources and Corporate Social Responsibility Rajita D’Souza said.

“ST continues to reduce our water footprint in all our operations and sites, to address all water risks throughout our supply chain and territories wherever we operate, and to further develop our positive impact and support for communities,” she added.

Sustainability has been central to ST’s business model and culture for over 25 years. ST continually reduces its water footprint, while sustaining highest standards of wastewater treatment and control before being released into the environment. In 2021, water consumption per unit of production was reduced by 16 per cent compared to 2020, in line with the 2025 target to reduce water consumption by 20 per cent versus 2016.

Operating in Malta since 1981, ST’s operations in the country consist of a world-class advanced manufacturing plant, the largest of its kind in Europe. Over 1,200 products serving clients that are leading global technological innovation in automotive and consumer products are assembled and tested at the Kirkop site.

Every day, 2.7 million chips leave ST Malta to be transported to different customers across the globe, including Tier 1 suppliers for the world’s leading automotive brands, a world leader in computer vision for advanced driver assistance systems, as well as leading, global smartphone and consumer electronics brands.

With 1,800 employees at the Kirkop site, ST is one of the largest private employers in Malta and is leading advanced manufacturing with automation and industry 4.0 methodologies.

The full list of companies that made this year’s CDP A List, and the full methodology and criteria, are available here.