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1、2024Sustainability report2023 performanceAbout this reportScope and rScope and reporting periodeporting periodThis annual sustainability report outlines the sustainability strategy,programs,andperformance of STMicroelectronics(ST)during the calendar year 2023.It is aimedat stakeholders who want to l
2、earn more about our commitment and approach tosustainability.Unless otherwise stated,the information and data cover all ouractivities and sites.I 2-1 I 2-2 I 2-3 IThere are no significant changes to the organization and its supply chain.There is no restatement of information given in previous report
3、s.I 2-4 IR Report seport structurtructure and conte and contententThis report is aligned with Global Reporting Initiative(GRI)Standards forstakeholder inclusiveness,sustainability context,materiality,and completeness.Itfocuses on the material topics of our sustainability strategy(see Sustainabilitys
4、trategy),which are aligned with our business priorities.We identify these topics through a materiality exercise that considers thesustainability context and involves a review of stakeholders concerns(seeStakeholder engagement).For each material topic,we define ambitions andgoals,and implement progra
5、ms.In response to our stakeholders expectations andfor a better understanding of our performance,we disclose data and informationfrom previous years.We also include examples of actions we have carried out atour sites and quotes from stakeholders,enabling them to express their own viewson our sustain
6、ability performance.I 2-29 I 3-1 I 3-2 IThe report has been prepared in accordance with GRI Standards.We use labels todisclose GRI Standards throughout the report and we list all references to GRIStandards and the corresponding page numbers in the GRI content index.We also disclose how and to what e
7、xtent our economic activities are associatedwith environmentally sustainable economic activities,as defined in the recent EUtaxonomy regulation(see EU taxonomy).In addition,our disclosures are aligned with the Sustainability AccountingStandards Board(SASB)semiconductor standard and the Task Force on
8、Climate-related Financial Disclosures(TCFD)framework.Use of symbolsUse of symbolsWe use the following symbols in this report to indicate our progress towards ourobjectives:Target achievedIn progressNo progress/notachievedExtExternal vernal verificationerificationSTs Sustainability Group Vice Preside
9、nt has appointed DNV Business AssuranceFrance(DNV)to provide us with assurance services.DNV has verified the contentand data in this report and confirmed it has been prepared in accordance with theGRI Standards:Core option.DNV interviewed all relevant corporate departmentsand three of the stakeholde
10、rs quoted in this report.DNV audited threemanufacturing sites Bouskoura(Morrocco),Calamba(the Philippines),andCrolles(France)to validate our data reporting process and provide assurance forthis years report.In addition,DNV conducted a higher verification of foursustainability indicators related to s
11、afety,climate change,gender diversity,andemployee engagement.Information and data relating to the ST Foundation werenot part of DNVs external verification exercise.See External assurancestatement.I 2-5 IA Av vailabilityailabilityThis sustainability report is available in PDF format at with last year
12、s report(April 20,2023)and those from previousyears.You can access the online version at .Printed copies are available on request.I 2-3 ISupporting the UN Global ComSupporting the UN Global Compact and Suspact and Sust tainableainableDeDev velopment Goalselopment GoalsWe have been a signatory of the
13、 United Nations Global Compact since 2000 andwe follow its 10 principles(see International standards).This report describes theactions we took during 2023 to implement these principles.It therefore serves as areference for answering the Communication on Progress questionnaire.ST supports the United
14、Nations Sustainable Development Goals(SDGs).Ourcontribution to 11 of the 17 SDGs is highlighted throughout this report,includingindicators to measure our performance against these goals:SDGF Feedbaceedback kI 2-1 I 2-3 IWe value feedback and encouragecontributions and suggestions fromall our stakeho
15、lders.You can email usat or write to us at our headquarters:Corporate Sustainable DevelopmentSTMicroelectronics International NV39 Chemin du Champ-des-FillesC.P.21CH-1228 Geneva Plan-Les-OuatesSwitzerlandThis report has been preparedaccording to GRI Standards and isexternally assured.It represents a
16、balanced and reasonablepresentation of our organizationseconomic,environmental and socialperformance.It also demonstratesour commitment to the UN GlobalCompact,to which we have been asignatory since 2000.Jean-Marc Chery,President and CEOAlthough reasonable efforts have beenmade to ensure the consist
17、ency of thesummary financial information for theyear 2023 in this report with STsfinancial reporting,reliance should onlybe placed upon the complete financialreporting contained in STs AnnualReport on Form 20-F for the yearended December 31,2023,as filedwith the SEC on February 22,2024,which can be
18、found .Some of thestatements contained in this report thatare not historical facts are statementsof future expectations and otherforward-looking statements(within themeaning of Section 27A of theSecurities Act of 1933 or Section 21Eof the Securities Exchange Act of1934,each as amended)that arebased
19、on managements current viewsand assumptions,and are conditionedupon and also involve known andunknown risks and uncertainties thatcould cause actual results,performance,or events to differmaterially from those in suchstatements.Certain such forward-looking statements can be identified bythe use of f
20、orward-looking terminologysuch as believes,may,will,should,would be,or anticipates,orsimilar expressions or the negativethereof or other variations thereof orcomparable terminology,or bydiscussions of strategy,plans,orintentions.Some of the relevant riskfactors are described in Item 3.KeyInformation
21、 Risk Factors included inour Annual Report on Form 20-F forthe year ended December 31,2023.We do not intend,and do not assumeany obligation,to update anyinformation or forward-lookingstatements set forth in this report toreflect subsequent events orcircumstances.2ST 2024 Sustainability reportContent
22、s2024 editionThis report has been prepared by:Director of publication:Jean-LouisChampseixEditors in chief:Sheila DAnnunzio,DominiqueTagarianEditorial team:Julia Genovini,AggelinaKanellopoulou,Lauryane Leneveu,CatherinePelissonnier,Axelle Scarpa,Pallavi Shanbhag,Alexandra Viaud,Selina WykehamEditoria
23、l services:WordsworksGraphic designers:STMicroelectronicsgraphic agencySpecial thanks to:Marine Asselin de Villequier,Elena Borsotti,Alexis Breton,Hc Chew,LindaCook,Alessandro Cremonesi,Gerard Cronin,Frdric Delhomez,Philippe Dereeper,NellyDimey,Mathis Evezard,Eloah Fornaciari,Franck Freymond,Berenge
24、re Gazagnes,Andrea Giorgi,Lucy Hunt,Eric Gerondeau,Barbara Lisei,Elodie Le Paih,Eric Levalet,Giulia Mancini,Yoanna Marino,Herve Maury,Ronan Mulvaney,Adeline Oliva,Andrea Pagni,Vladislav Paley,Jean-Michel Paris,PaolaValsecchi,Pascal Roquet,Marielly Siquiera,Damien Tisserand,Mrinal Trehan,Celine Vial,
25、Sam Zalcman,Olivier Zanellato.Thanks to:Emanuela Ali,Sin Yin Ang,AdrianoBasile,Alessandro Beretta,Pierre-Yves Berger,Monica Bianchi,Giovanna Bottani,SarahBracken,Olivia Cahuzac,Antonietta Calabrese,Cristiana Ciaraldi,Jerome Clement,TomCollins,Corinne Cregut,Viviana Dalto,AurelieDeville,Olivier Diop,
26、Karen Duhart,MattiasEspanet,Susan Goh,Franois Guette,Francesca Illuzzi,Manoj Kumar,Bruno Laurent,Andrew Lastrina,Anne France Leblois,OlivierLemarchand,Sophie Magendie,VeronicaManghi-Forni,Maurizio Martena Malfa,KarineMaurinaux,Jean-Pierre Mistral,Pierre Mollon,Cosimo Musca,Marie-Sophie Note,GaetanoP
27、arisi,Lopa Patel,Elodie Pereira,LanikaPremdjee,Sandrine Roques Mounier,ManuelaSala,Patrizia Santoro,WD Dennis Tan,LouiseTastet,Irene Teo.We also would like to thank:everyone who kindly agreed to be quoted inthis report and provide testimony of theircollaboration with STeveryone who kindly agreed to
28、have theirpictures published in the reportour interfaces at ST sites,organizations andsites sustainability champions and EHS teamswho support our activity all year roundsite directors and human resources managersthe teams audited in Agrate,Ang Mo Kio,Bouskoura,Calamba,Crolles,Kirkop andRousset for t
29、heir availabilityST at a glance4Foreword by our President and CEO5Our business model6ST process and packaging technologies8ST products and solutions11Significant events162023 highlights18Our sustainability goals19Awards 2023 overview20ComCompanpany y2222Governance23Ethics and compliance27Risk manage
30、ment32Sustainability strategy37Stakeholder engagement41Contributing to the Sustainable DevelopmentGoals43BusinessBusiness4646Sustainable financial performance47Innovation51Sustainable technology56Customer satisfaction61Business indicators66P Peopleeople6868Health and safety69Labor and human rights74
31、Talent attraction and engagement81Diversity,equity and inclusion87People indicators93EnvirEnvironmentonment1 10 01 1Our approach to the environment102Energy and climate change105Water112Waste119Chemicals124Biodiversity130Environmental indicators134CommunityCommunity1 13838Responsible supply chain139
32、Responsible mineral sourcing145Community and education149Community indicators155K Ke ey daty data a1 15858EU Taxonomy159GRI content index169SASB index175TCFD index177International standards179External assurance statement180ST at a glanceResearch&DevelopmentMain Sales&MarketingFront endBack endas of
33、December 31,2023I 2-1 IOur value propositionReturn value in line with our objectiveSustainable and profitable growthProvide differentiating enablersIndependent,reliable,and secure supplychainCommitted to sustainabilityOur values:Integrity People Excellenceone of the worlds largest semiconductor comp
34、anies2023 revenues of US$17.3 billionlisted:NYSE,Euronext Paris,and Borsa Italiana,Milan50,000+employees worldwide9,500+people working in R&D14 main manufacturing sitesover 80 sales&marketing offices serving over200,000 customers across the globesignatory of the United Nations Global Compact(UNGC)me
35、mber of the Responsible Business Alliance(RBA)For our shareholdersFor our customersFor all our stakeholders4ST 2024 Sustainability reportForeword by our Presidentand CEOWe believe that technology has a critical role to play in addressing theenvironmental,social,and economic challenges facing our wor
36、ld today.We are committed to developing innovative technologies and productsthat enable the transformation of our economies and societies throughdigitalization,smarter mobility,and decarbonization.During the year,we saw continued business growth,driven by strongdemand in Automotive and,to a lesser e
37、xtent,Industrial.This waspartially offset by lower revenues for Personal Electronics.To enable ourfuture growth and drive enhanced profitability,we made furtherprogress on the transformation of our manufacturing base.Thisincluded the expansion of our 300mm capacity and a strong focus onwide-bandgap
38、semiconductors.Investments in manufacturing capacitywere complemented by investments to reduce emissions and improvethe operational footprint of our facilities.In the context of evolving trade dynamics and challenges resulting fromclimate change,we remain committed to driving progress across oursust
39、ainability programs and improving resilience across all aspects of our business.This commitment is also reflected in ourambitious goal of becoming carbon neutral on scope 1 and 2,and partially on scope 3 by 2027.Each year we make substantial progress towards these ambitious targets.In 2023,the globa
40、l sourcing of electricity fromrenewable energy grew to 71%,on track to reach our target of 100%by 2027.Long-term power purchasing agreements are akey part of our strategy and we signed a significant agreement in Italy to produce 250GWh renewable energy per year.In 2023our scope 1 and 2 greenhouse ga
41、s emissions were down 45%in absolute terms compared to 2018.We achieved this whiletransforming our manufacturing footprint and despite the challenges in the global energy markets.Minimizing our own carbon footprint is critical,but we also focus on the positive impact of our products by developingsol
42、utions for a more sustainable society.We continue to collaborate with our global network of academic and private partners,as we recognize the importance of partnerships in the innovation process.We are also passionate about supporting and empowering our employees across a range of key topics includi
43、ng employeeexperience,career planning,diversity,equity,wellbeing,and inclusion.Employee engagement is high and still growing.In2023 we established employee resource groups(ERGs)to promote inclusion in the workplace,employee dialogue andprofessional development.In less than one year our first ERG for
44、 women WISE(Women Inspiring Supporting andEmpowering)is growing fast,with 1,400+members in 60 locations.Finally,the strategic value of,and interest in,our industry has never been higher.With this comes an increasing need for talent.During 2023 we continued to expand our awareness,education,and train
45、ing initiatives around STEM,targeting future youngprofessionals globally.In 2023,our progress across multiple areas,as detailed in this report,was once again acknowledged by multiple third-partyassessments.This external recognition is an important validation of our actions and transparency,helping u
46、s ensure weremain aligned with the expectations of our stakeholders.Jean-Marc CheryPresident and CEOI 2-22 IThis is STs 27thsustainability report,highlighting the longstanding commitment to sustainability within our business modeland culture.Sustainability is not just a corporate responsibility,but
47、a core component of our value proposition deliveringbenefits to our company,our customers,and to society.I am proud of what ST employees have achieved throughout the year,and we remain committed to doing more.We look forward to continuing to accelerate sustainability together with our customers,part
48、ners,and employees worldwide.5ST 2024 Sustainability reportOur business modelResourcesMain steps in our value chainManagement of our impactsFront-end manufacturing Manufacturing chips requires around 400 separate stages,starting with a plain wafer,and resulting in the etching of several hundreds to
49、thousands of dies.Suppliers We purchase raw materials,equipment,energy,gas,chemicals,and services from many suppliers and subcontractors.R&D concept and designNew products are created in a multi-step process including architecture conception,electrical layout,electrical and logic simulation,chip lay
50、out,and generation of the masks that will be used to etch the design in silicon.Human 50,000+employees 122 nationalities 35%women,65%men Average age:41Financial US$24.45 billion total assets US$4.11 billion capital expenditures US$3.16 billion net financial positionIntellectual 9,500+employees in R&
51、D US$2.1 billion R&D investments 195 active R&D partnershipsManufactured 14 main manufacturing sites in 9 different countries 64%of employees in manufacturing 6,000+suppliersNatural 3,077GWh of energy consumed 71%of renewable electricity 24 million m of water withdrawn 6,500 chemicals usedSocial and
52、 relationship ST values and Code of Conduct US$3.5 million cash donated by ST to local communities 156,000+hours donated to local communitiesSuppliersWe require our suppliers to implement the Responsible Business Alliance(RBA)standards and encourage ISO and OHSAS certifications to address ethics,soc
53、ial,environmental,health and safety risks.We participate in the Responsible Minerals Initiative.ProductsThrough our Sustainable Technology program we design products systematically taking into consideration the environmental impact of the device during its whole lifecycle,including raw materials,tra
54、nsportation,manufacturing,usage and end of life.PeopleWe protect the health and safety of our employees through advanced management systems and certification.We implement our Code of Conduct and the RBA standards in all our sites to mitigate our ethics and labor and human rights risks,and carry out
55、regular assessments and audits in all our production sites.6ST 2024 Sustainability reportUnless otherwise stated,all data refer to 2023.Value created7Electrical wafer sortingDies on the wafer are electrically tested.This step is known as wafer sort or probe.Product use and end of lifeWe offer a larg
56、e portfolio of products suitable for the wide range of applications addressed by our customers.Back-end manufacturingThe dies are cut from the wafer before being assembled in a package.The chips are then tested prior to delivery to the customer.HumanEngaged and skilled people in an inclusive and saf
57、e workplace average of 49 hours of training per employee 87%of employees recommend ST as a great place to work 0.14 total recordable case rate (injuries and illnesses)for employees and contractorsFinancialSustainable financial performance US$17.29 billion net revenues US$4.04 billion salaries and be
58、nefits US$489 million income tax paid US$223 million cash dividendsIntellectualInnovative products and solutions 20,000 active and pending patents 82%of new products classified sustainable technology 10.2%of revenues generated by new product linesManufacturedResponsible and effective business operat
59、ions 200,000 customers served ISO 9001,14001,14064,22301,50001,45001 and IATF certifications 100%of largest manufacturing sites covered by RBA audits 71%of suppliers agreement to comply with ST business ethics and corporate responsibility standardNaturalMitigation of the impact of our activities 45%
60、decrease in GHG emissions scopes 1 and 2 vs 2018(in absolute value)96%of waste reused,recovered or recycled 42%of water recycled or reusedSocial and relationshipKnowledge and values shared with all 255,000+beneficiaries in local communities 810+volunteering initiatives worldwide 1,095,000+people tra
61、ined on computer basics by ST Foundation since 2003EnvironmentWe deploy programs to reduce our direct and indirect greenhouse gas emissions from all our operations,including Perfluorinated Compounds(PFCs),which have a very long atmospheric lifetime and high global warming potential.We minimize the e
62、nvironmental,health and safety risks related to the chemicals and materials used in the manufacturing process,by basing the selection,handling,and substitution on the precautionary principles.We are continually reducing our water footprint through reuse and recycling and all our wastewater is treate
63、d before being discharged into the environment.We reduce,reuse,recycle or recover as much of our waste as possible,rather than sending it to incineration or landfill.ST 2024 Sustainability reportl 2-6 l 201-1 lST process andpackaging technologiesWe create technologies to help our customers address t
64、heir challenges and opportunities.Creating innovative semiconductor solutionsThe technology developments we make are guided by long-term market trends.These enable orenhance applications for our customers by turning state-of-the-art chip fabrication technologies intocutting-edge commercial products.
65、The manufacturing of an integrated circuit can be divided intotwo steps.Our products are built using various fundamental semiconductor process technologies.Many ofthese are unique to ST and represent the culmination of significant investment and developmentefforts over decades.Each process is design
66、ed and refined to meet the needs of our customerstarget applications.I 2-6 IA unique range of semiconductor processesSmart poSmart powwer ter tecechnology fhnology for gor gr reener solutionseener solutionsCombining power technologies with embedded intelligence is a technical challenge and is vitalt
67、o enable our customers across the globe to develop more efficient and compact power andenergy management solutions.ST has deep expertise in this field,with over 25 years of R&Dand multiple generations of products on the market.Below are some of our technologies thatare widely used in automotive,indu
68、strial,personal electronics,and communications equipment,computer,and peripherals applications.We are building on our innovations in BCD and other wide-bandgap technologies to makedesign easier and bring more flexibility and performance to our customers.Wafer fabrication,known as front end,entails e
69、xtremely sophisticated process technologies tomanufacture silicon or composite material chips.Assembly and test,known as back end,involves highly precise and automated packaging anddie testing processes.Bipolar-CMOS-DMOS(BCD)is an important technology for power integrated circuits(ICs).We invented t
70、his revolutionary technology in the mid-1980s and have continually developed itever since.We have created a family of silicon processes,each of which combines thestrengths of three different process technologies into a single chip.VIPower technologies integrate diverse functionality into single devi
71、ces.They helpapplications control high power and sensing and communicate operating status whileproviding device protection.Our STi2GaN product family allows designers to get the most out of gallium nitride(GaN)technology with a higher level of integration and performance.By combining the advantageso
72、f GaN technology with traditional semiconductor materials,a large variety of powerapplications will benefit in terms of size,performance,and cost.STi2Fuse intelligent switches provide electronic,digitally resettable fuses for use in digitalizedpower distribution.They help simplify vehicle wiring har
73、nesses and reduce weight byeliminating user-accessible fuse boxes and the associated cabling and installation overheads.8ST 2024 Sustainability reportHigh-poHigh-powwer innoer innov vationationPower transistors are a critical component of every power system.We are constantly innovatingto deliver gre
74、ater efficiency and reliability in silicon and wide-bandgap materials in advancedpackages.MicrMicro-Electro-Electro-Meco-Mechanical Syshanical Syst tems(MEMS)ems(MEMS)Sensors and actuators based on MEMS technology are vital for transforming the way the digitaland analog worlds interact.ST develops l
75、eading-edge MEMS process technologies,packaging,and manufacturing capabilities to create industry-leading solutions for our customers.We serve all market needs with industry-leading MEMS process technology,innovative productdesign,and in-depth application expertise.DigitDigital and mixal and mixed-s
76、ignal ted-signal tecechnologies fhnologies for tor tomorromorro ows applicationsws applicationsAdvances in digital and mixed-signal technologies enable smaller systems withoutcompromising performance.Constant innovation in our radio frequency(RF),analog,mixedsignal,and digital technologies are helpi
77、ng our customers meet their current and future powerand integration requirements.Silicon carbide(SiC)has intrinsic advantages over mainstream silicon,enabling higher energyefficiency in many sustainable applications.ST has been investing in SiC R&D for over 25years and has developed market-leading S
78、iC solutions,with full supply chain control.Gallium nitride(GaN)-based transistors offer unrivaled energy efficiency and power density inpower conversion applications.STs GaN technology portfolio targets a wide variety ofapplications,such as power supplies and adaptors,as well as electric vehicles a
79、ndrenewable energy.Our Trench Gate Field-Stop(TGFS)architecture ensures more balanced conduction andswitching losses and greater robustness in insulated gate bipolar transistors(IGBTs).STTGFS devices exhibit structural uniformity measured in fractions of micrometers and remainfree of residues left f
80、rom the various lithography,deposition,etching,metallization,andrelated phases.Our world-leading super-junction technology is the driving factor behind our highly successfulrange of MDmesh Power MOSFETs.This technology allows us to offer higher power densitiesfor more compact customer solutions.Our
81、Thick Epitaxial Layer for Micro-gyroscopes and Accelerometers(ThELMA)processenables the integration of accelerometer and gyroscope mechanical elements in a singlechip.Other specialized processes allow the creation of MEMS microphones and pressure sensors.MEMS actuator technologies such as thermal,el
82、ectrostatic,electromagnetic,andpiezoelectric enable applications such as thermal printheads,laser-based scanningmicromirrors,and miniature sound systems.Fully Depleted Silicon-On-Insulator(FD-SOI)delivers outstanding low-power performanceand high reliability for cost-effective RF/mmW,digital,and mix
83、ed-signal applications.Our advanced embedded Non-Volatile Memory(eNVM)CMOS processes,including ourunique eSTM technology,allow the creation of high-performance general-purpose and securemicrocontrollers with embedded memory within a single chip,as well as innovative EEPROMdevices.Our embedded Phase
84、Change Memory(ePCM)offers substantially better density androbustness over flash memory and other embedded memories.9ST 2024 Sustainability reportSemiconductor packagingInnovation in packaging is an essential part of the semiconductor industry.Our unique combinationof expertise in process technology
85、development,product design,packaging,and manufacturingenables us to offer our customers the solutions they need for the wide variety of applications weserve.We are constantly innovating to create smaller and more highly integrated chips that increaseperformance and enhance reliability,while deliveri
86、ng more affordable solutions to the market.STs in-house packaging R&D activities allow us to optimize packaging technology to adapt toprocess and product design requirements.We maximize the technical interactions across ourproduct design,front-end,and back-end manufacturing teams to jointly evaluate
87、 new processtechnologies or features and packaging materials.Some of the areas in which ST is innovating in packaging include:Our BiCMOS technology combines the strengths of two different process technologies into asingle chip and allows the development of high-performance RF ICs in a compact andpow
88、er-efficient design.Radio Frequency Silicon-On-Insulator(RF-SOI):our solutions enable the design of a full rangeof advanced RF Front-End Modules(FEMs).Our imaging technology portfolio of proprietary technologies enables specialized anddifferentiated imaging solutions.Our specialized technology platf
89、orms and differentiated radiation-capable technologiessupport customers in the space industry.power System-in-Package(SiP)integrating multiple dies into a single package for smart powersolutions based on GaN,BCD,and ViPowersilicon carbide power modules for car electrification using innovative design
90、,material,andprocesses to maximize power densitypower discrete packaging with direct bond copper substrate on the top side of the package toimprove thermal coupling with heatsinkspackages for harsh environments,such as those encountered in automotive and industrialapplicationsgalvanic isolation buil
91、t into the chip package for factory automation applicationshigh-reliability and low-cost high-pin-count packages for automotive MCUsWafer Level Chip Scale Packaging(WLCSP)for highly size-constrained devices,such assmartphones and wearablesadvanced miniaturization of packages embedding sensors,such a
92、s our Time-of-Flight andMEMS devicesantenna-in-package integration for millimeter wave RF devices(5G and 60GHz)3D packaging involving stacking multiple dies on top of each other and connecting them usingThrough-Silicon Vias(TSVs)or other advanced interconnectsradiation hardened packages for aerospac
93、e applications10ST 2024 Sustainability reportST products and solutionsWe create unique innovations and products that solve real-world problems.Through decades ofinvestment,we have developed leading-edge chip-manufacturing and packaging technologies thathelp our customers to bring great ideas to life
94、.Our chips and systems are an essential part of billions of products,from electric cars and industrialrobots,through washing machines and solar panels,to smartphones and satellite communicationsequipment.Our technology helps our customers make all these products more autonomous,moreenergy-efficient,
95、more connected,safer,and more secure.Our strategy is based on long-term trends:cloud-connected autonomous things,power and energy,and smart mobility.These trends drive the evolving requirements of our customers and our solutionsacross the four end markets we address Automotive;Industrial;Personal El
96、ectronics;andCommunications Equipment,Computers and Peripherals.I 2-6 ICloud-connected autonomous thingsWe envision a world of billions of cloud-connected autonomous things.Processing capabilitiessupported by embedded artificial intelligence(AI),connectivity,and security,as well as sensing andactuat
97、ing products and solutions,are vital making this a reality.Extending our general-purpose embedded processing offerWe offer general-purpose microcontrollers with a wide variety of device options across our STM32family.This ensures designers can find the best solution for their application,whether the
98、y requireultra-low power consumption,high performance,AI,advanced security,or a high level of wirelessand wired connectivity.During 2023,we announced multiple new products,including a new highly affordable series,a newperformance-oriented series with cutting-edge security,and new wireless microcontr
99、ollers.Making AI morMaking AI more accessiblee accessibleThere is a lot of excitement around AI powered by large datacenters and large-scale networking.There is also a very differentkind of AI running directly at the edge,on a myriad of tiny devicesrunning innumerable applications.This is edge AI,an
100、d it ispowered by a very different set of chips and software stack to those used in data centers.We took multiple steps in 2023 to make edge AI more accessible to the developer community.These included launching the worlds first microcontroller unit(MCU)Edge-AI Developer Cloud giving access to an ex
101、tensive suite of online STM32 development tools,making our NanoEdgeAI Studio free for unlimited deployment on any STM32 MCU,and announcing our ST Edge AISuite a comprehensive,integrated set of software and tools offering a simpler,more cost-effective way for developers and companies to embed AI-enab
102、led ST products.11ST 2024 Sustainability reportIntrIntroducing our next goducing our next genereneration ofation ofmicrmicroproprocessorsocessorsOur STM32 microprocessor(MPU)family addresses demandingindustrial and internet-of-things(IoT)applications that requiresupport for large open-source softwar
103、e.Such applications arememory-intensive and often run on operating systems and software packages that require64-bit architecture.During 2023,we announced our second generation of Industry 4.0-ready microprocessors.TheSTM32MP2 series 64-bit microprocessors come with SESIP Level 3 certification,indust
104、rial-application-ready interfaces,and dedicated Edge AI acceleration.WWir ireless micreless microcontrocontrollers with advollers with advanced securityanced security,t tailorailored fed for IoT deor IoT devicesvicesOur wireless connectivity solutions include STM32 microcontrollerswith embedded wire
105、less,standalone RF transceivers,and networkprocessors for Bluetooth,Bluetooth Low Energy,Zigbee,Matter,Thread,sub-1GHz long-range networks and Cellular IoT.We work with expert partners to makeit easier for our customers to use cloud services thanks to optimized connectivity software.In 2023,we intro
106、duced new devices,modules,development tools,and supporting software.These included the STM32WBA52 microcontrollers that combine Bluetooth connectivity withultra-low-power modes,advanced security,and a broad selection of peripherals familiar toSTM32 developers.They help IoT device developers add wire
107、less,cut power,strengthen cyber-protection,and boost processing in the edge.SimSimplifying deplifying dev velopment of securelopment of secure embeddede embeddedapplicationsapplicationsSecurity is an increasingly critical function of all connected devices.STs portfolio covers the full range of secur
108、e solutions,includingsoftware and hardware embedded in general-purposemicrocontrollers and microprocessors.These are supported by the STM32Trust ecosystem,which offers a multi-level strategy to enhance security.In 2023,in addition to numerous embedded security features in new products,we introducedt
109、he markets first out-of-the-box,certified MCU protection for customer embeddeddevelopments.The STM32TrusTEE Secure Manager saves developers writing and validatingtheir own code while providing security services developed according to best practices.We also provide dedicated secure microcontrollers t
110、hat meet the highest security standards.These can be found in smartcards used for ID,transport,banking,and SIM cards,as well as payTV applications.12ST 2024 Sustainability reportFirsFirst AI-enhanced smart accelert AI-enhanced smart accelerometometersersSTmotion and environmental MEMS and sensors of
111、fer accuracy,sensitivity,ultra-low power consumption,and embeddedintelligence.Our products power flagship smartphones andaccessories and help deliver the best user experience.We arepresent in many automotive and industrial applications,with products designed to meet theperformance and reliability re
112、quirements of harsh environments.We enable the transition to in-sensor processing with a new generation of smart,open,andaccurate sensors to help developers exploit their potential while improving overall systemefficiency.In 2023,we launched three new accelerometers with advanced processing enginesb
113、uilt in to extend sensor autonomy,enabling systems to respond more quickly to externalevents while lowering power consumption.NNext-gext-genereneration multizone time-of-flight sensoration multizone time-of-flight sensorOur patented FlightSense technology,based on the time-of-flight(ToF)principle,en
114、sures a high-accuracy,low-power,all-in-onesolution for proximity and ranging sensors.They are used forpersonal electronics and industrial applications,as well as 3Dsensing for smartphones and smart driving(LiDAR)features.In 2023,we announced the latest-generation 88 multizone ToF ranging sensor whic
115、h delivers arange of improvements,including greater ambient-light immunity,lower power consumption,and enhanced optics.We also announced a multizone distance sensor with camera-like field ofview the industrys best and 33%larger than the previous generation.Power and energyOur technology and solution
116、s for power and energy management enable customers to increaseenergy efficiency everywhere and support the use of renewable energy sources.BoosBoosting efficiency in industing efficiency in industrial applicationstrial applicationsWe offer power discrete devices and power modules servingapplications
117、 across our end markets.Our silicon,silicon carbide(SiC),and gallium nitride(GaN)power devices deliver energyefficiency and enhanced performance to applications in all the endmarkets we serve.Other ST products are first-choice solutions for high-end power conversion,home appliances,power supplies,an
118、d motor control.In 2023,we introduced power MOSFETs using an ST proprietary technology that enables verylow conduction losses and efficient operation at high switching frequencies,improving a keyfigure of merit by 40%.We also introduced a number of other new products that improveefficiency in a rang
119、e of industrial and consumer applications.13ST 2024 Sustainability reportExtExtending perfending performance and vormance and value with nealue with neww200W and 500W GaN de200W and 500W GaN devicesvicesWe address applications that require generic and application-specific solutions for power managem
120、ent.Our solutions enableenergy-saving,high-power-density,and lower-standby-powerdesigns.Our offering includes SiC and GaN power discretes,silicon MOSFETs,insulated gatebipolar transistors,customized power modules,AC/DC and DC/DC converters,batterymanagement ICs,wireless power ICs,digital controllers
121、,and gate drivers.In 2023,we introduced the next generation of integrated GaN bridge devices that simplifypower-supply design,leveraging wide-bandgap technology to achieve the latest eco-designtargets.The devices integrate features that save designers tackling the complex gate driverequirements of G
122、aN transistors and also enhance reliability,reduce materials costs,and easecircuit layout.NNe ew high-currw high-current motent motor drivor drive series fe series for incror increasedeasedefficiency and flexibilityefficiency and flexibilityWe provide an array of motor control solutions that enable
123、motorsto run with higher efficiency and greater precision.We cover therequirements of brushed DC motors,stepper motors,andbrushless DC motors over an extensive range of voltage and current ratings.We offer highlyintegrated motor drivers that embed all the functions needed to drive motors efficiently
124、 and withthe highest accuracy.They include a low-voltage series designed for battery-powered smartdevices,and a series embedding an STM32 microcontroller.In 2023,we introduced a high-current motor drive series targeting high-end industrial,home andprofessional appliances.The devices integrate contro
125、l logic and a power stage with systemprotection and two operational amplifiers for current sensing.This allows greater efficiency,flexibility,and scalability,while streamlining costs.Smart mobilityTo meet the smart mobility needs of our global customer base,we provide products and solutionsthat serv
126、e the main trends in the automotive market vehicle digitalization and electrification.Weenable customers to create the next generation of vehicles that are safer,greener,and moreconnected.Silicon carbide poSilicon carbide powwer modules offer modules offering vering versatileersatilepacpack kagage c
127、onfigure configurationsationsWe provide high-efficiency smart power solutions and automotiveembedded processing solutions to ensure that every device usedto power,control,and monitor car subsystems consumes lessenergy.Our wide-bandgap solutions for electric vehicles(EVs)and charging stations enable
128、ourcustomers to create lower-weight EVs with longer range and faster charging.We introduced a wide variety of new solutions in 2023,including new silicon power modulestargeted at systems such as onboard chargers(OBC),DC/DC converters,fluid pumps,and airconditioning.These modules deliver significant
129、advantages for automotive system developers,including high power density,very compact design,and simplified assembly.14ST 2024 Sustainability reportP Po owwerful auterful automotivomotive MCUs fe MCUs for next-gor next-generenerationationcarscarsOur automotive microcontrollers support the ongoingtra
130、nsformation of the automotive industry,ranging from MCUs forcost-sensitive applications to advanced integration MCUs.Newvehicle architectures require open hardware platforms,offering high real-time computingefficiency with easily upgradable devices.These platforms need to handle massive dataflowswhi
131、le observing stringent security guidelines and functional safety requirements.In 2023,we deployed our new family of automotive microcontrollers,which address the needsof next-generation vehicles through a range of tailored products.These include integrationplatforms for motion control,gateway and bo
132、dy applications,and products that support carelectrification.Enabling functional-safEnabling functional-safety applications withety applications withintinternal sensing unitsernal sensing unitsWorking closely with our partners,we provide solutions that makedriving safer by reducing traffic-related a
133、ccidents.These includecutting-edge RF,vision processing systems,vehiclecommunications,and in-cabin monitoring solutions,as well as automotive-grade sensors.In 2023,we introduced an automotive-qualified MEMS inertial-sensing module which,with thededicated software provided,addresses functional-safety
134、 applications up to ASIL B1.Themodule contains a three-axis digital accelerometer and three-axis digital gyroscope to provideaccurate measurements for a wide variety of vehicle functions.It also provides ADAS or vehicle-to-everything(V2X)communication to help stabilize sensing systems such as radar,
135、LiDAR andvisual cameras,and assist semi-automated driving applications.SimSimplifying autplifying automotivomotive poe powwer manager management withement withintintegegr ratated solutionsed solutionsWe offer ICs dedicated to body and convenience solutions,including body control modules and car ligh
136、ting systems,as well asASIC and ASSP solutions for engine control.Our in-vehicletelematics and infotainment systems cover high-end integrated platforms,digital radio,audiopower amplifiers,and satellite navigation receivers.We introduced a new family of highly integrated automotive power management d
137、evices in2023,with multiple power sources and transceivers integrated on chip.These devices helpsimplify the design of car-body controllers for sunroofs,seats,tailgates,doors,and lightingmodules.15ST 2024 Sustainability reportSignificant eventsJuneST and GlobalFoundries AgreementST and GlobalFoundri
138、es finalized an agreement for a new300mm semiconductor manufacturing facility in Crolles,France.This marked a significant milestone in the project,which is supported by the French government andEuropean Commission.The initiative will reinforce theEuropean and French FD-SOI ecosystem,building morecap
139、acity for customers in advanced technologies.ST and Sanan Optoelectronics AgreementST and Sanan Optoelectronics signed an agreement tocreate a joint venture for a high-volume,200mm siliconcarbide(SiC)device manufacturing facility in Chongqing,China.The joint venture will support rising demand for Si
140、Cdevices in China for car electrification and industrial powerand energy applications.The new facility is targeting tostart production in Q4 2025.R&D Collaboration with AirbusST announced a collaboration with Airbus on advancedpower semiconductors,as a key enabler of the aerospaceindustrys transitio
141、n to hybrid and full-electric systems.The partnership will focus on developing SiC and galliumnitride(GaN)devices,packages,and modules adapted toAirbus aerospace applications.SeptemberSupervisory board proposal to reappoint Jean-Marc CheryOur Supervisory Board announced on September 19,2023,that it
142、will propose the reappointment of Mr.Jean-Marc Chery as sole member of the Managing Board,President and Chief Executive Officer for another three-year term for shareholder approval at the 2024 AGM.Opening bell at the New York Stock ExchangeOur President and CEO,joined by members of theExecutive Mana
143、gement,and Investor Relations team rangThe Opening Bellat the New York Stock Exchange(NYSE)on behalf of ST.Jean-Marc Chery shared theCompanys ambitions and strategy with John Tuttle,ViceChairman of the NYSE and President of the NYSEInstitute,as well as a global audience of investors,employees,and cu
144、stomers.16ST 2024 Sustainability reportOctoberNew power R&D lab in ItalyA new power system and module reliability testing(P-S&MART)lab was inaugurated in Catania,Italy.The P-S&MART lab,designed with customers,allows productsto be tested in real-world conditions and facilitates newcollaborations.Nove
145、mberShenzhen innovation centerA new back-end innovation center was launched at ourShenzhen site(China).The new center will gather andintegrate innovation and R&D activities related tomanufacturing,packaging,and testing technology.It willalso allow for more efficient cooperation with Chinesecustomers
146、.DecemberST accelerates Edge AIWe announced the ST Edge AI Suite,a comprehensive,integrated set of software and tools offering a simpler,more cost-effective way for developers and companies toembed AI-enabled ST products into industrial,automotive,consumer,and communication applications.This willemp
147、ower customers to deploy edge AI more easily andaccelerate adoption globally.PPA in ItalyST signed a 15-year power purchase agreement(PPA)with ERG for the supply of renewable energy to ouroperations in Italy.This will provide approximately250GWh of renewable energy annually,covering our twohigh-volu
148、me manufacturing sites in Agrate and Catania,aswell as multiple R&D,design and sales,and marketingsites.The energy will be generated by Italian wind farms.17ST 2024 Sustainability report2023 highlights86%employee engagement rate96%of waste reused,recovered,or recycledDJSIincluded in World andEurope
149、indices8,000+employees trained on DEI156,000+hours of volunteering donated to communities100%of our products are conflict-mineral free45%scope 1&2 emissions in absolute vs201871%of renewable energy150supplier responsibilityaudits0.14total recordable case rate(employees andcontractors)18ST 2024 Susta
150、inability reportOur sustainability goalsSustainability goals(SG)ProgressStatus end of 2023We create technology for a sustainable worldSG1Generate at least 20%of our revenues from new product lines by 2025.10.2%SG2Generate at least 33%of our revenues from our Sustainable Technologys mostadvanced resp
151、onsible products by 2027.23.2%We prioritize peopleSG3Reach a Total Recordable Case Rate of 0.15%or less by 2025(workrelatedinjuries and illnesses,including contractors).0.14%SG4Maintain our Severity Rate at 2%or less each year(work-related injuries andillnesses,including contractors).2.80%SG5Get 100
152、%of STs largest manufacturing sites recognized for social responsibility byexternal international bodies by 2025.91%SG6Engage employees in deploying STEM partnerships in 20 countries by 2025.18 out of 20 countriesSG7Recruit at least 30%women in all exempt positions every year.29%SG8Reach at least 20
153、%women in every management level by 2025.27%(junior managers)21%(experienced managers)16%(directors and senior managers)14%(executives)We protect the planetSG9Be carbon neutral by 2027 in all direct and indirect emissions from scope 1 and 2,and focusing on product transportation,business travel and
154、employee commutingemissions for scope 3.906KT net CO2eq emissionsSG10Adopt 100%renewable energy sources by 2027 through energy procurement andgreen energy installations.71%of total electricity(65%of total energy)SG11Implement programs to reduce energy consumption by at least 150GWh per yearby 2027.2
155、7GWh saved in 2023139GWh saved since 2018SG12Reduce energy consumption per wafer by 20%in 2025 vs 2016.-17%SG13Improve our water efficiency by 20%by 2025 vs 2016.-10%SG14Recycle at least 50%of the water used each year.42%SG15Ensure an annual landfill waste rate below 3%.1.9%SG16Reuse or recycle 95%o
156、f our waste by 2025.96%We generate long-term value for all stakeholdersSG17Ensure every year that 100%of our employees have access to and are aware ofour Ethics Hotline.100%have accessFor awareness actions see Ethics andcomplianceSG18Ensure every year that 100%of exempt employees sign an agreement t
157、o complywith our Code of Conduct and related procedures.99%SG19Follow highest standards for 100%of the materials we use:Hazardous SubstancesProcess Management(IECQ080000)and responsible sourcing initiatives,such asRMI.HSPM:97%RMI:100%SG20Conduct an annual risk assessment of our supply chain and audi
158、t 100%of ourhigh-risk suppliers by 2025.Risk assessment conductedAudit:49%with valid audit(2 year cycle-263 out of 537 facilities at risk)SG21Further reduce defects by 20%per production unit by 2027(vs 2020).+10%SG22Achieve an employee engagement rate of at least 10 percentage points above localnorm
159、s in all major countries by 2025.2 out of 13 countriesSG23Annually report our progress on all our long-term goals,following the mostadvanced standards.Sustainability reporting according to GRI,SASB,TCFD,UNGC,SDGSG24Maintain certification for 100%of manufacturing sites(ISO 14001,ISO 45001,ISO 14064,I
160、SO 50001).89%certified19ST 2024 Sustainability reportAwards 2023 overviewEvery year we receive external recognition for our approach to sustainability.Here are some highlights from 2023.ManagManagers Aers Awwarard dJean-Marc Chery,our President and CEO,received theManagers Award at the 2023 Digital
161、Technologies awardsorganized by Tlcom Paris alumni.This prestigious awardrecognizes his outstanding leadership and longstandingcontribution to the microelectronics industry.The event,whichhas been held for 25 years,honors key players in the digitaltransformation of society.Supplier SusSupplier Sust
162、tainability Aainability Awwarard dST received a supplier Sustainability Award from GoPro,a UStechnology manufacturer.The award recognizes STs long-termcommitment to sustainability and our collaborative efforts with allstakeholders.A wide range of environmental and social criteriawere assessed for th
163、e award,including renewable energy use,waste and water reduction,conflict minerals,and new employeesustainability training.T Top 1op 100 Global Inno00 Global Innov vatatorsorsST was named among the Top 100 Global Innovators2023 by Clarivate.The ranking acknowledgescompanies and organizations that ar
164、e at the forefront ofinnovation,driving significant advances in their industries.ST creates unique technologies and products thatprovide solutions for a more sustainable future.GSA WGSA Womens Leadership Initiativomens Leadership Initiative eOne of our employees,Aradhana Kumari,based at our GreaterN
165、oida site(India),received the Female Up&Comer Award fromthe Global Semiconductor Alliance Womens LeadershipInitiative.The award recognizes emerging talent in thesemiconductor industry and is a testament to Aradhanasexceptional contribution towards innovation and growth.20ST 2024 Sustainability repor
166、tThe Philippines BesThe Philippines Best Emt Emploploy yersersST was named as one of the Philippines Best Employers 2023 inan independent ranking by the Philippine Daily Inquirer andStatista.The ranking was the result of extensive research thatevaluated criteria such as salary,work-life balance,and
167、workenvironment.Lalla Hasnaa TrLalla Hasnaa Trophophy yOur Bouskoura site(Morocco),was awarded the Lalla HasnaaTrophy for Sustainable Coasts,within the Social andEnvironmental Responsibility category.The ceremony was led byHer Royal Highness Princess Lalla Hasnaa to reward initiativesthat contribute
168、 to the protection of coastlines and oceans.Theaward recognizes our commitment to sustainability and positiveimpact on the Moroccan coastline.T Top Emop Emploploy yer in Frer in France and Itance and Italaly yST was recognized as one of the Top Employers 2024(based on2023 performance)in both France
169、and Italy by the Top EmployersInstitute.These are the fourth and third consecutive years,respectively,that ST has received these awards.They highlightour strong performance in areas such as ethics and integrity,talent acquisition,employer branding,learning,and workenvironment.ElectrElectronics Makon
170、ics Maker Induser Industr try Ay AwwarardsdsST won three awards at the annual Electronics Maker Best ofIndustry Awards 2023:Most Innovative SemiconductorCompany,Most Sustainable Semiconductor Company and MostInnovative Product of the Year for STM32H5.This achievementdemonstrates the dedication of ST
171、s teams to innovation andbusiness excellence.21ST 2024 Sustainability reportLiving our values27 years of sustainability reportingSpeak up Culture24 sustainability goalsST has a longstanding commitment to operating in line with best practice corporate governanceprinciples.We have adopted policies tha
172、t consider the interests of our stakeholders and coverimportant issues,such as business ethics and conflicts of interest.Our corporate governancestatement and policy objectives support our efforts to foster an ethical business culture that isconsistent throughout the organization.Corporate governanc
173、e structureSTs parent company,STMicroelectronics NV,is registered in the Netherlands and is listed on theNew York Stock Exchange(NYSE),Euronext Paris,and Borsa Italiana,Milan.Our headquarters andoperational offices are managed through our wholly owned subsidiary,STMicroelectronicsInternational NV,lo
174、cated in Plan-les-Ouates,Geneva,Switzerland.Our operations are alsoconducted through our various subsidiaries.These are organized and operated according to thelaws of their respective countries of incorporation and consolidated by STMicroelectronics NV.We have a two-tier governance structure,in acco
175、rdance with Dutch law.Our management isentrusted to our Managing Board under the supervision of our Supervisory Board.Our corporate governance policies and practices are outlined in our Corporate Governance Charter,Supervisory Board Charter,and Managing Board and Executive Committee Charter.These ch
176、artersare available in the corporate governance section of our website(see ).I 2-1 IOur corporategovernance structureand policies reflectbest practice,promoting aconsistent,ethicalbusiness culture.44%women on theSupervisory Board12Supervisory Boardmeetings100+SustainabilityChampionsGovernanceLIVING
177、OUR VALUESHeadquarters,ST Geneva,Switzerland23ST 2024 Sustainability report5standing committeesSupervisory BoardOur Supervisory Board is responsible for supervising the policies pursued by our Managing Boardand supporting the Managing Board with its advice.It also oversees the Managing Boardsimpleme
178、ntation of longterm value creation and the general course of affairs and business at ST.Our Supervisory Board is a separate and independent body thatcomprises nine non-executive members(four women and five men),each appointed at our Annual General Meeting of Shareholders.Members are carefully select
179、ed in accordance with our SupervisoryBoard Charter,the Profile of the Supervisory Board,and theDiversity Policy adopted by our Supervisory Board.Skills,expertise,and soundness of judgment are among the competencies required from members of ourSupervisory Board.The composition of the Supervisory Boar
180、d also aims to be diverse in terms ofcharacteristics such as nationality,experience,background,gender,and age.Further informationcan be found in the corporate governance section of our website(see ).The Supervisory Board is assisted in its duties by five standing committees.These are independentfrom
181、 the Managing Board and senior management.Our Supervisory Board met 12 times in 2023,with an average attendance rate of 91%.Full detailsof attendance at meetings of the Supervisory Board and its committees are shown in our AnnualReport on Form 20-F,and in our Statutory Annual Report.I 2-9 IManaging
182、BoardOur President and CEO,Jean-Marc Chery,is the sole member of our Managing Board,and as suchis entrusted with our general management.Jean-Marc Chery also chairs our Executive Committee.The Executive Committee acts under the authority and responsibility of the Managing Board,and inthis respect man
183、ages the Company.The Managing Board remains legally responsible for themanagement of the Company.The other members of the Executive Committee are:Their biographies can be found in the About ST section of our website( ).I 2-9 ICorporate AuditCorporate Audit is strictly independent from corporate and
184、local management.Its primary objectiveis to enhance and protect organizational value by providing risk-based and objective assurance,advice,and insight.Audit CommitteeStrategic CommitteeCompensation CommitteeNominating and Corporate Governance CommitteeSustainability CommitteeMarco Cassis,President,
185、Analog,Power and Discrete,MEMS and Sensors Group,Head ofSTMicroelectronics Strategy,System Research and Applications,Innovation OfficeRajita DSouza,President,Human Resources and Corporate Social ResponsibilityRemi El-Ouazzane,President,Microcontrollers,Digital ICs and RF products GroupLorenzo Grandi
186、,President,Finance,Purchasing,ERM and Resilience,Chief Financial OfficerFabio Gualandris,President,Quality,Manufacturing and TechnologySteven Rose,President,Legal Counsel and Public AffairsJerome Roux,President,Sales and Marketing24ST 2024 Sustainability reportIndependentauditfunctionFranck Freymond
187、,Executive Vice President,Chief Audit and Risk Executive,is the Head ofCorporate Audit.He reports directly to the Audit Committee of our Supervisory Board and attendsquarterly meetings with the Audit Committee and senior management.Current functional reporting lines and practices ensure he has theap
188、propriate level of organizational independence and unrestrictedaccess to senior management and the Supervisory Board.The internal audit process is based on a formal and structured auditmethodology,which ensures a risk-based approach.CorporateAudit activities are coordinated with other risk assurance
189、 functionswithin the Company,allowing effective risk coverage.Corporate Audit performs its activities in accordance with the International Standards for theProfessional Practice of Internal Auditing,published by the Institute of Internal Auditors.Sustainability governanceSustainability is central to
190、 STs business model and is a key consideration at all levels of theorganization.ST Sustainability GovernanceSupervises the policies adopted by our Managing Board and the general course of ST affairs and businessAdvises and supports the Supervisory Board in relation to its responsibilities in supervi
191、sing,monitoring and advising on the Companys sustainability strategy,targets,goals and overall sustainability performanceEnsures ST general management and the representation of the CompanyConsolidates stakeholder feedback,impacts,risks and opportunitiesProposes strategic updates,new programs and tar
192、getsMonitors and consolidates global performanceDrives/sponsors transversal initiatives and programsManages the vision,strategy and governance of sustainabilityApproves key corporate programs,overall goals and meansManages sustainability expectations of key stakeholders(employees,customers,investors
193、,regulators and partners)Deploy strategy and programs on siteSupport site management in defining local targets and KPIsMonitor and report performance to corporate,and shares best practicesEngage site stakeholdersDrive functional programs as per their respective missionsDeploy strategy and programs w
194、ithin OrganizationsSupport President in defining objectives and KPIsMonitor and report performance to corporateSite Sustainability&EHS ChampionsSupervisory BoardSustainability Committee Managing Board and Executive CommitteeCorporate SustainabilitySustainability CouncilSitesOrganization Sustainabili
195、ty ChampionsOrganizations25ST 2024 Sustainability reportSupervisory BoardSustainabilityCommitteeThe Managing Board is responsible for directing our sustainabilityroadmap,and the Supervisory Board is responsible for overseeingit,considering both risk and opportunity.The Executive Committee holds quar
196、terly meetings attended by ourPresident and CEO,Presidents,and Executive Vice Presidents toreview sustainability performance and targets.I 2-12 ISince 2022,our Sustainability Committee has supported and advised the Supervisory Board onsustainability strategy,targets,and performance.The responsibilit
197、ies of the Sustainability Committee include:In 2023,the Sustainability Committee met four times.These meetings focused on reviewing thepillars of our sustainability strategy and assessing future considerations for sustainable progress.Inaddition to the regular agenda,there were expert-led sessions o
198、n key focus areas,such asreporting,climate change,environment,product stewardship,responsible supply chain,health andsafety,labor and human rights,and diversity,equity,and inclusion.Our executive Sustainability Council,composed of Company Vice Presidents and their delegates,helps validate strategy a
199、nd maintain alignment,as well as ensuring the means are in place to deploythe relevant corporate programs.The Sustainability Council further ensures the sustainabilityconcerns of our key stakeholders are addressed,including employees,customers,investors,regulators,communities,and partners.The Corpor
200、ate Sustainability department is responsible for developing our sustainability strategyand programs.It is supported by a network of over 100 Sustainability Champions who manage theprograms and monitor our performance across all our sites and organizations.In 2023,Organization Sustainability Champion
201、s were nominated to further embed STs sustainabilitystrategy into all groups and divisions of the Company.In addition,each site has a Site SustainabilityChampion,and our major sites have a dedicated local sustainability committee responsible foroverseeing its site sustainability roadmap.ST has been
202、a signatory of the United Nations Global Compact since 2000 and a member of theResponsible Business Alliance since 2005.I 2-12 I 2-13 I 2-14 Imonitoring and advising on sustainability policies and practices,including,but not limited to,social and environmental issuesmonitoring and assessing sustaina
203、bility developments and emerging trends in the semiconductorindustryreviewing stakeholder feedback relating to sustainabilitymonitoring the sustainability performance of the Companyreviewing and advising on the Companys sustainability reportmonitoring and advising on the Companys sustainability stra
204、tegy,targets,goals,and overallsustainability performancemonitoring alignment between our corporate strategy and sustainability strategy26ST 2024 Sustainability reportPutting integrity,respect and accountability at the core of our decision-making process is vital tosupport our ambition,create value,a
205、nd earn the trust of our stakeholders.These values are some ofour most important assets and an integral part of our long-term strategy.Our vision speaks for itself:we want to be everywhere microelectronics brings a positivecontribution to peoples lives.We must reflect this in everything we do.We bel
206、ieve business integrityis everyones job and responsibility,and that conducting our business with the highest ethicalstandards is critical to our long-term success.Integrity,respect,and accountabilityare central to thedecision-makingprocess and cultureat ST.Zerotolerance approach tobribery andcorrupt
207、ion24/7Ethics Hotline20,000+e-learnings deliveredPhilippe DereeperChief Ethics and Compliance Officer,and Executive Secretary of theSupervisory BoardCultivating a culture of ethics,accountability,and respect is critical to the success ofany organization.By upholding these values,we not only ensure t
208、he integrity of ourCompany,but also create a workplace culture that attracts and retains top talent,builds trust with our stakeholders and creates a foundation for long-term success.Ethics and complianceLIVING OUR VALUES27ST 2024 Sustainability reportCode of ConductOur Code of Conduct is all about o
209、ur values,which are sharedthroughout the Company.It sets clear expectations for ouremployees and other stakeholders,helps to foster a culture ofintegrity,and provides practical guidance on the way we conductour business and make our decisions.An Addendum to our Code of Conduct,published in 2022,prov
210、ides supplementary guidance andpractical information to help prevent and detect risks related to corruption or influence peddling.Italso includes specific recommendations regarding charitable donations or sponsorship,gifts,mealsand entertainment,and other risky situations that employees may encounte
211、r.Our Code of Conduct and its Addendum are distributed to all our employees,including newcomers.They are available on our website(see ),our ST Integrity app,and in 10 languages on our intranet I 2-23 I 2-24 I 2-27 IYearly declarationIn 2023,we ran our annual worldwide campaign asking all eligible em
212、ployees to sign and confirmour business ethics declaration,in line with the values and principles described in our Code ofConduct.Employees who have not completed their yearly declaration are contacted to understandthe reasons behind it and,as applicable,identify any follow-up action plan.E-signatur
213、e of Code of Conduct(1)(%)201920202021202220239899979999(1)Percentage of eligible employees(all employees in the exempt category).Communication and awarenessIn 2023,we continued to deploy our Compliance,Ethics and Privacy multi-channel communicationand awareness strategy via our intranet pages(gener
214、ating more than 100,000 views in 2023),through our mobile application ST Integrity,and our Viva Engage community Building TrustTogether.Compliance,Ethics and Privacy was also a topic of interest for external users in 2023,leading to more than 87,000 views on our new Compliance,Ethics&Privacy interne
215、t page andPrivacy Portal.Finally,we participated for the fourth time in the Distribution and Sales Conventionfor Asia Pacific,with more than 300 business partners.PrivacyIn 2023,we continued to monitor and adapt to the evolving privacy environment as we faced manynew personal data protection laws wi
216、th varying requirements,deadlines,enforcement dates,andrulemaking.The ability of multinational companies to export personal data from the European Unionand Mainland China has been challenged in recent years.We welcomed the EU-US Data PrivacyFramework,which stabilizes cross-border transfers and makes
217、 it easier to provide services to ourIntegrity:we conduct our business with the highest ethicalstandards,honor our commitments,and keep our promises;we are loyal and fair and stand up for what is right.People:we behave with openness,trust,and simplicity;weare ready to share our knowledge,encourage e
218、veryonescontribution,develop our people through empowerment,teamwork,and training;every one of us is committed andpersonally involved in the continuous improvement process.Excellence:we strive for quality and customer satisfactionand create value for all our partners;we are flexible,encourage innova
219、tion,develop ourcompetencies,seek responsibility and are accountable for our actions;we act with discipline,base our decisions on facts,and focus on the priorities.28ST 2024 Sustainability reportzerotolerancetowards bribery andcorruptionSee something?Saysomething!stakeholders.To this end,we updated
220、our Privacy Portal at to comply with severalnew personal data protection laws(for example,Mainland China,Switzerland,California)and toprovide our stakeholders with dedicated privacy notices to expand our transparency obligations.In 2023,we did not receive any formal grievance made by individuals or
221、personal data protectionauthorities regarding our handling of personal data.Bribery and corruptionWe have a zero-tolerance approach towards any forms of briberyand corruption,regardless of the identity or position of theoriginator or recipient of the bribe.It is also strictly forbidden foranybody in
222、 ST to use Company funds or assets to make a politicalcontribution.This applies to all our employees,organizations and third partiesacting on behalf of ST and all transactions in any country where weoperate and do(or seek to do)business.Any violation will be deemed a serious violation of ourCode of
223、Conduct and lead to disciplinary action,including termination of the relationship with ST.Our Anti-Bribery and Corruption policy(see )provides clear definitions regardinginstances of bribery and corruption and includes detailed descriptions of the Companys rules forengaging with third parties.It als
224、o explains how to report actual or suspected violations and outlinesthe potential disciplinary actions and legal consequences of any non-compliance.Speak up and reporting of concernsAt ST,we believe that maintaining a culture of transparency andethical behavior is crucial to our success.Thats why we
225、 encourageeveryone,including our external business partners,to speak up andreport any concerns they might have regarding possible violationsof our Code of Conduct,policies,or the law.Our managers areaccountable for creating a working atmosphere where employeesfeel comfortable speaking up and express
226、ing their concerns freely.We take all concerns raised seriously and review them thoroughly.To make it easy for ouremployees,business partners,and stakeholders to report any concerns,we have an independentmultilingual Ethics Hotline that is available 24/7 online or via phone.We communicate this Ethic
227、sHotline to all employees through various channels,including our Code of Conduct,dedicatedintranet web pages,and our ST Integrity app.A link to our Ethics Hotline is also accessible on ourintranet,our website,many communication and training materials,and our ST Integrity app.29ST 2024 Sustainability
228、 reportEthics Hotline Reports202120222023Number of cases80102337Number of cases under review as of January 1st7717Number of cases reported during the year7395320Number of cases per categoryAsset misappropriation9324Bribery and corruption10911Conflict of interest227Fraudulent statements000Harassment
229、and other behavioral issues4266187Environment,health and safety issues025Data privacy000Cybersecurity-09Insider trading000Other grievance172094Cases closed after a preliminary assessment or formal investigation7385260Number of confirmed external misconduct cases154which led to terminating contracts
230、with business partners040Number of confirmed internal misconduct cases232971which led to employees being dismissed or disciplined(1)222851Cases still open at year end71777Number of litigations or investigations conducted by authorities regardingcorruption against ST or its employees000(1)After follo
231、w-up actions,including coaching,training and awareness sessions,which are not considered disciplinedmeasures.We apply the highest standards of confidentiality in handling all reports received,and we ensure thatno employee who reports a concern suffers retaliation in the form of harassment,or adverse
232、employment or career consequences.I 2-25 I 2-26 ISPEAK UP CSPEAK UP CAMPAMPAIGNAIGNIn 2022,we refreshed our Ethics Hotline,which is available 24/7 online and via phonein more than 30 languages.Weaccompanied this with a new globalcommunication and training campaign Seesomething?Say something!focusing
233、 on theimportance of speaking up and building aculture of trust,accountability,andtransparency within the Company.The campaign continued throughout 2023,and since its launch,we have published22 communications on our internal channels,generating 53,000 views.We alsocreated posters,business cards,flye
234、rs,and videos that were made available tosites.FOCUS30ST 2024 Sustainability reportIn addition,we updated all Compliance,Ethics&Privacy e-learnings to include amodule on our new Speak Up policy and tool,which were taken 20,895 times in2023,demonstrating a high level of engagement and commitment from
235、 employees atall levels.To ensure that our managers are equipped with the knowledge and skills to createand maintain an environment where employees feel free to speak up and report anyconcerns,we also trained 5,243 managers on the importance of fostering a culture oftransparency and ethical behavior
236、 throughout the Company.All these actions resulted in a 3-fold increase in the number of concerns raisedthrough the Ethics Hotline in 2023,strenghtening a speak up culture.Ethics committeesThe purpose of our Corporate Ethics Committee is to support ST management in its efforts to fostera consistent
237、ethical culture across all regions,functions,and organizations.Formed in 2007 andchaired by our Chief Ethics and Compliance Officer,Philippe Dereeper,the committee comprisessenior managers representing various ST organizations.The role of the Corporate Ethics Committee includes:Our four local ethics
238、 committees contribute to this mission within their respective geographicalareas.Their activities are complementary to the Corporate Ethics Committee,with which they are inregular communication.I 2-16 IAnnual sustainability goalStatusCommentsSG17:Ensure every year that 100%of our employees have acce
239、ssto and are aware of our Ethics Hotline.100%have accessFor awareness actions see Ethicsand complianceSG18:Ensure every year that 100%of exempt employees sign anagreement to comply with our Code of Conduct and relatedprocedures.99%evaluating the principles in our Code of Conduct,with reference to ou
240、r culture and commitmentto business ethicsreviewing the main ethical breaches,allegations,and related investigationsproviding guidance on ethical dilemmas that may be faced by the Company,upon request fromour Managing Board or our Chief Compliance Officerpromoting and coordinating the activities of
241、our four local ethics committees in France,Italy,AsiaPacific,and the Americas31ST 2024 Sustainability reportERM process alignedwithISO 31000Our tailored enterprise risk management approachAs a company operating globally in the semiconductor market,we are exposed to risks of increasedvolatility,uncer
242、tainty,complexity,and ambiguity,particularly due to current geopolitical instabilities.For a description of STs risk factors,please refer to the relevant section in our 2023 Annual ReportForm 20-F and our 2023 Statutory Annual Report,including IFRS Financial Statements,availableon .Our embedded appr
243、oach to enterprise risk management(ERM)isformalized in a specific policy and is aligned with ISO 31000.Itenables us to:Our ERM improvement roadmap includes implementing our risk framework,which is tailored to ST.Our risk framework is an integral part of our processes and decision-making.It considers
244、 theinterests of our stakeholders and addresses uncertainty explicitly.Based on the best availableinformation,the risk framework is proactive,structured,dynamic,iterative and responsive tochange.Risk management isembeddedthroughout ourorganization toprovide resilience,agility,and growth.ERMglobal ap
245、proach9priority 1 risk areas100+ERM and resiliencechampionsset and enable our Company strategy,manage our performance,and capitalize on opportunitiessystematically identify,evaluate,and address specific riskscenariosRisk managementLIVING OUR VALUESEmployees at work,ST Crolles,France32ST 2024 Sustain
246、ability reportSTs ERM frameworkGovernance,organization,andcultureRisk oversight and governanceRisk cultureRisk appetiteRisk functions and communitiesManaging risk and opportunityResponse to and monitoring of risk and opportunity(enabling strategy and performance)Risk enablersRisk reference documenta
247、tion(policies and procedures)Risk processes(definition and methodologies)Risk toolsOur risk approach is managed by our Chief Audit and Risk Executive under the direct responsibilityof our Managing Board and the oversight of our Supervisory Board.The scope of this oversight roleis detailed in our Sup
248、ervisory Board Charter.Our risk governance is described in the following chart:Supervisory Board ERM oversight(framework and risk map)Annual ERM overview presentation Periodic updates(especially priority risk scenarios and response plans)Ad-hoc presentations ERM roadmap objectives Priority risk scen
249、arios response implementation Annual feed into company risk map Periodic reporting Early warningsCorporate Risk function supportIndependent assuranceManaging BoardAnnual company-level risk map Periodic follow-up on mitigation action plans Ad-hoc analyses and discussions as requiredLine management/Ri
250、sk Owners/ERM ChampionsCorporate Risk OwnersMarketing&SalesProduct GroupsOrganizational unit-level risk maps and response plansManufacturing&TechnologyR&D OperationsCorporate FunctionsManaging riskRisk management activities are governed by our risk appetite strategy,which is discussed annuallyat Sup
251、ervisory Board and Audit Committee levels.We determine the amount of risk we are willing to pursue or retain,depending on the expectedrewards,opportunities,and costs.Our risk appetite depends on the nature of risks.As an illustration,through well-designed andeffective internal controls,we strive to
252、reduce residual exposure to a level as low as reasonablypracticable for the following risk categories:corporate governanceproduct qualityoperations resilience(internal events)protection of intellectual property and other sensitive informationpeople,health and safetycompliance with environmental regu
253、lations and commitments33ST 2024 Sustainability reportOur holistic ERM process is embedded company-wide and within more than 20 organizational units,to ensure specific risk scenarios are addressed at the right level.By systematically considering theviews of numerous executives and external sources,w
254、e continually strive to identify and addressemerging risks,including those that are externally driven,fast-evolving,or that might be ofsignificance in the medium-to long-term,for instance risks related to artificial intelligence in 2023.This process is facilitated by a global network of ERM champion
255、s.Organizational unit risk maps formally updated at least once a yearDefinition and monitoring of mitigation plans for Organization Priority Risk ScenariosFeedback/consolidationOrganiza-tional unit levelExecutive and oversight monitoring of Company priority risk scenarios2Priority Risk Scenario miti
256、gation planRisk Map1bRisk Scenarioassessment andprioritization1aRisk Scenario identificationCompany risk map formally updated at least once a yearCompanylevelCorporate objectives and Company Risk ScenariosCompany priority risk scenarios identified and assessed by members of Executive Management3.Mon
257、itoring and steeringERM process implemented by the Unit heads coordinated by the ERMChampionsDuring 2023,we refreshed our Company risk assessment with the executive management team.The output from this exercise was a risk map linked to our strategic objectives,including nineredefined priority 1 risk
258、 areas.Risk owners(members of senior management)were appointed for each priority risk area to developrisk response plans,adapt to changing external conditions,and enhance monitoring capabilities.These risk response plans are regularly reviewed by the Executive Committee and periodicallydiscussed wit
259、h the Audit Committee of the Supervisory Board.Each organizational unit throughout the Company completes its own risk assessment.This includesmarketing and sales regions,product groups,manufacturing and technology,and corporatefunctions.In addition,we implemented further risk assessments on large co
260、mpany programs,including transformation programs.adherence to our Code of Conduct and compliance with applicable laws and regulationsprotection against cyber threatsFranck FreymondExecutive Vice President,Chief Auditand Risk ExecutiveIn the spirit of continuous improvement,independent assessments ar
261、e conducted everyfive years on ERM and resilience activities.This allows us to evaluate our level ofmaturity,benchmark our practices against peers or market practices,and designimprovement roadmaps.34ST 2024 Sustainability reportImproving our resilienceOur risk approach encompasses a dedicated resil
262、ience management system(RMS),focusing onbusiness continuity and crisis management,to address the following risk factors:As part of our multi-year improvement roadmap,we further embedded the RMS at our main sitesand selected organizations in 2023,leveraging our Corporate Resilience Competence Center
263、and aglobal network of resilience champions.In 2023,over 50 ERM and resilience champions gathered for a three-day internal conference wherebest practices and upcoming improvements were discussed.We implemented several incrementalimprovements to our RMS,with fully aligned methodologies and toolkits a
264、cross ERM,resilience,business continuity,and crisis management.This provides a consistent methodology to addresspotential business disruptions to our resources,such as:As such,we address scenarios that may affect our supply chain and operations,enabling us tocontinually improve our continuity plans.
265、Such scenarios include:In 2023,we further developed an ST-specific methodology that underpins our global riskmanagement dashboard.This comprises a range of indicators based on internal or externalstandards,covering dimensions such as:For every significant site,these indicators are compiled in a site
266、 resilience index(SRI),that isupdated and improved quarterly.Site management teams prepare and update an annual siteimprovement plan accordingly.continuity of the main sitesmanufacturing flexibility across internal and/or external sitescontinuity of full supply chain,including third partiesmanaging
267、business continuity and crisis communication to clients and other stakeholdersimproving company-wide capability to respond to crisessite unavailabilitypeople unavailabilityIT system disruptions,such as cyber-attackscritical sourcing and logistics/transportation disruptionspandemicsnatural hazards(su
268、ch as earthquakes,floods,snowstorms,volcanic eruptions,or tsunamis)industrial accidents(such as fires and explosions)facilities and energy interruptionsmajor impacts related to human activities(such as geopolitical tensions,terrorism,or strikes)exposure to natural hazardsloss preventionfacilities ro
269、bustnessequipment modernization and redundancyIT infrastructurecyber protection35ST 2024 Sustainability reportISO 22301certifiedRegular evaluation of our risk and resilienceframeworkThe maturity of our overall risk framework design andimplementation,which includes cybersecurity risks,is periodically
270、audited by a leading independent organization.This was lastperformed in 2022,confirming a significant improvement in maturitycompared to the previous audit in 2017.In 2023,additionalindependent audits were completed(as outsourced assignmentswithin our Corporate Audit Plan)focusing on the following s
271、pecific areas:In addition,ST has been ISO 22301 certified since 2016,with the current certification valid until2025.Throughout 2023,our RMS and improvements have been subject to both internal audits andsurveillance audits from the certification body.Such internal audits and external surveillance aud
272、itsare scheduled to take place again in 2024.Sustainability risksCompany-level sustainability risk scenarios are addressed as part of our ERM program.Ourresponse level corresponds to the level of risk identified.This mapping enables sustainability risksto be fully integrated into the priority risks
273、of the Company.In 2023,the main focuses and long-term risk mitigation actions were related to:By identifying these risks and mitigating them through dedicated actions and programs,we canreduce our environmental and social footprint and find new opportunities to create positive value forour Company a
274、nd our stakeholders.maturity assessment of the design and implementation of our resilience framework,confirming itscurrent level of maturitydedicated review of our cyber crisis playbookclimate change,through investment towards carbon neutrality,maximizing energy savings andrenewable energy(see Energ
275、y and climate change),and implementing our carbon neutralityprogram in our supply chain to reduce our scope 3 GHG emissions(see Responsible supplychain)water management,through reinforcement of our water strategy and policy(see Water)diversity,equity,and inclusion,though new and updated training,emp
276、loyee resource groups,andenhanced monitoring(see Diversity,equity and inclusion)health and safety,through programs dedicated to preventing work-related injuries and illnesses,and reducing psychosocial risks(see Health and safety)working conditions in our supply chain,through suppliers assessment and
277、 trainings on labor andhuman rights(see Responsible supply chain)chemical and pollution management,through the substitution of hazardous substances,andmonitoring of our impact and appropriate treatment(see Chemicals and Water)36ST 2024 Sustainability reportFor three decades,our business model has be
278、en built on a foundation of sustainability.Ourambition is to create sustainable technology for a sustainable world,creating long-term value for allour stakeholders.We strongly believe that our dedication to a sustainable culture is beneficial forpeople,the environment,the economy,and society.Acceler
279、ating sustainability,togetherThroughout our value chain,we have integrated sustainability into our business model.We haveimplemented numerous programs to effectively manage our impacts,opportunities,and risks,ensuring that sustainability remains at the forefront of our operations and activities.Our
280、guiding principles and 24 sustainability goals are detailed in our sustainability charter,which isavailable at .This is endorsed by Jean-Marc Chery,ourPresident and CEO.Our progress towards these annual,2025 and 2027 goals is described in thisreport,with a focus on transparency.To support our ambiti
281、ons,we include sustainability criteria among performance indicators for bothshort-term and long-term incentive schemes for all senior executives and all other employeeseligible for incentives.The sustainability/corporate social responsibility index short-term incentivesare weighted at 10%with criter
282、ia comprising health and safety,environment and climate,diversityand inclusion as well as people management.Sustainability/corporate social responsibility indexcriteria for long-term incentives are weighted at 33.3%and comprise environment and climate,diversity,inclusion and people engagement,invest
283、or ESG index and carbon rating.As part of our plan to accelerate sustainability and engage our stakeholders,in February andNovember 2023 we conducted a series of internal sustainability webcasts,each attracting morethan 3,000 people.The aim was to share our approach to sustainability trends and chal
284、lenges,andSustainability hasbeen ingrained inSTs business modeland culture for30 years.27years of sustainabilityreporting24sustainability goals2027carbon neutralitycommitmentSustainability strategyLIVING OUR VALUES37ST 2024 Sustainability reportto update employees on our sustainability programs and
285、performance.There was also anopportunity for employees to ask their own questions on sustainability during and after the liveevents.Assessing material topicsWe have been conducting materiality assessments since 2010 to identify and prioritize the mostsignificant sustainability topics for our busines
286、s and stakeholders.We carry out a materialityexercise every year,including a review with our main stakeholders.This allows us to focus ourefforts on the most relevant issues and integrate them into our strategy,programs,and objectives.We assess our impacts continually,taking into account the global
287、sustainability context,identifyingemerging and evolving topics,the role of our industry,and evaluating any changes in our activitiesand business relationships.We consult with experts and regularly engage with our stakeholders togather their views(see Stakeholder engagement).This enables us to unders
288、tand and integrate thetopics most significant to our stakeholders and that have a positive or negative impact on ourbusiness economic,social,and environmental value.Where appropriate,we combine topics toreflect our highest priorities and the rapidly evolving sustainability environment.In 2023,we con
289、sidered sustainability trends and challenges at a global and industry level,reviewingdifferent sources from the electronics industry and business associations,as well as data-driveninsights from an AI software platform.This provided a framework for a deeper analysis,includingdata points from public
290、sources such as corporate financial reports,regulations,voluntary initiatives,news,and social media.As in previous years,the most material topics we identified in 2023,and which form the basis of ourpriorities,are health and safety,GHG emissions,water efficiency,and human rights.However,wealso took
291、into account concerns expressed by our external stakeholders regarding the potentialimpact of our activities on pollution(see Chemicals).Waste&circular economyFair wages&benefitsRenewable energyUp&downstream GHG emissionsWorking hoursResponsible productsResponsible minerals sourcingTaxesComplianceQu
292、alityResponsible procurementData protection&privacyHighMediumHighMediumBusinessPeopleEnvironmentCommunitiesGovernanceNot a strategic priority but some programs in placeAccess to ITDiverse suppliersBiodiversityPublic affairs&industry networkingCommunity involvementRisk managementProduct use riskFreed
293、om of association&social dialogPromoting science in educationTechnology impact riskWomen in leadershipJob creation&employmentHealthcareWell-beingBusiness continuitySecurityWater recyclingCustomer satisfactionChemicalsAir pollutionInnovationFinancial performanceEthicsEnergy efficiencyHuman rightsGHG
294、emissionsTalent attraction&retentionWater efficiencyDiversity&inclusionHealth&safetyImpact on economic,social and environmental value of STStakeholder importanceWe address each identified material topic in the matrix above through dedicated programs,withassociated goals and targets.I 2-29 I 3-1 I 3-
295、2 I38ST 2024 Sustainability reportSustainability strategyLiving our valuesGovernance,Ethics and compliance,Risk management,Stakeholder engagement,and commitment to sustainabilitySustainable financialperformanceInnovationSustainable technologyCustomer satisfactionHealth and safetyLabor and human righ
296、tsTalent attraction andengagementDiversity,equity,and inclusionEnergy and climate changeWaterWaste,circular economy,chemicalsBiodiversityActing togetherResponsible supply chain,Responsible mineral sourcing,Community and educationAugmenting everybodyslifePutting people firstProtecting theenvironment3
297、9ST 2024 Sustainability reportInterviewCan you give an overview of sustainability at ST in 2023?2023 marked yet another acceleration of sustainability at ST.We see sustainability as a question ofsystemic balance.Economic,social,and environmental issues are interdependent,and manydecisions need to be
298、 taken to balance short-and long-term needs,risk and opportunities,mitigation,and adaptation,among others.This approach involves the entire organization,which iswhy we appointed additional sustainability champions in 2023.They are responsible for furtherembedding STs sustainability strategy into all
299、 groups and divisions of the Company.We launched Accelerating sustainability,together,a program to strengthen and support oursustainability strategy.It aims to develop STs sustainability leadership and embed sustainability ineach step of business strategy,planning,and decision-making.We also impleme
300、nted acceleratorworkstreams to facilitate cross-organization collaboration in priority areas.What sustainability achievements were you most proud of in 2023?Im thrilled that we have been able to support important business growth,while maintaining ourcommitment to sustainability.We exceeded all our a
301、bsolute targets for our carbon neutralityprogram and continued to work towards our ambitious sustainability goals.Im also proud that wemade significant progress in our diversity,equity,and inclusion strategy,particularly with thecreation of employee resource groups.Our womens network WISE continues
302、to go fromstrength to strength and we created our LGBTQIA+and allies network STAND.Our Blossomnetwork,established three years ago to represent younger employees,is actively supported by agrowing number of executives,including our President and CEO.Horizon,our transformationprogram to support STs gro
303、wth ambition,has entered a new phase with the introduction of severalnew ways of working to positively impact employee experience.We have also integrated the pillarsof our associated leadership model smart,agile,bold,and engaged into our performancemanagement to grow and develop competencies.I conti
304、nue to believe that prioritizing and investingin our people is crucial and helps us achieve our goals as one ST.What factors will shape STs sustainability strategy in the future?There are many factors that shape our sustainability strategy.We engage closely with all ourstakeholders to strictly monit
305、or their needs and expectations.We are operating within anincreasingly complex and volatile environment,which presents many local and global challenges.Toaddress these,we aim to be agile,adapting our approach where necessary while remaining true toour core beliefs and strategy.We believe our technol
306、ogy can play a crucial role in addressing many of these challenges.It is ourgoal to have a positive impact on society,while maintaining a proactive approach to mitigating theimpact of our operations as far as possible.Rajita DSouzaPresident,Human Resources andCorporate Social Responsibility40ST 2024
307、 Sustainability reportStakeholder engagementRegular engagement with internal and external stakeholders is essential to help us assess ourperformance and meet expectations.By maintaining open communication and actively listening,wecan integrate feedback into our decision-making and evolve to create l
308、ong-term value.Our diverse range of stakeholders includes employees,customers,suppliers,investors,communities,and industry associations.To help us work towards common goals,we collaboratethrough a broad range of channels across all levels of the Company.These vary across our sitesaccording to their
309、size and activity and take into account cultural and language differences.During the verification process for this report,external auditors interviewed three stakeholders(anindustrial partner,a think tank and an association on human rights)to gain valuable insights intotheir views of ST.This helps u
310、s maintain a balanced perspective,assess the effectiveness of ouractions,and consider the views of our stakeholders going forward.StakeholdersKey expectationsHow we engageEMPLOYEESHealth and safety at workRespecting human rightsEthicsEmployee surveys and workshopsTrainingIntranet with global and loc
311、al contentCUSTOMERSHealth and safety at workRespecting human rightsGreenhouse gas emissionsTrade shows and TechnodaysSeminars,conferences,workshopsSite visits,meetings,auditsINVESTORS&ANALYSTSHealth and safety at workGreenhouse gas emissionsTalent attraction and retentionCapital Markets DayRegulator
312、y filings and sustainability reportExtra-financial questionnaires and meetingsSUPPLIERSHealth and safety at workEthicsRespecting human rightsAdherence to ST Code of ConductSupplier trainingAudits and interviewsLOCAL PARTNERSAND COMMUNITYRespecting human rightsGreenhouse gas emissionsHealth and safet
313、y at workPartnershipsConferences,conventions,meetingsDonations,training,volunteering,local initiativesNATIONAL ANDLOCAL AUTHORITIESEthicsGreenhouse gas emissionsRespecting human rightsPartnerships with municipalitiesCorrespondence and visitsAnnual reportsACADEMICINSTITUTIONS ANDLABORATORIESEthicsRes
314、pecting human rightsProduct and technology innovationInternships,scholarships,PhDsJoint R&D projects,joint labsConferences,technical seminarsINDUSTRYASSOCIATIONSEthicsRespecting human rightsRenewable energyPublic-private partnership activitiesParticipation in industry consortiums and workinggroupsMe
315、etings,conferences,seminarsMEDIAFair wages and benefitsGreenhouse gas emissionsRenewable energyPress releases and interviewsConferences and conventionsSocial networksKey expectations are the top three issues identified by each group of stakeholders in our 2020materiality exercise.41ST 2024 Sustainab
316、ility reportInvolvement in industrial and internationalorganizationsSTMicroelectronics is a key player in the semiconductor industry.We participate in industrial andinternational organizations and aim to advance the semiconductor industry in the countries wherewe operate.We work with others to respo
317、nd to developments and challenges related to our corebusiness and areas of sustainable development.Our President and CEO is one of the board members of the Global Semiconductor Alliance,whichsupports collaboration and innovation for the industry and across the ecosystem.We are also active members of
318、 the World Semiconductor Council,chairing committees andparticipating in working groups in both the Semiconductor Industry Association in Europe and theSemiconductor Industry Association in the United States.In 2023,STs Senior Director of Corporate Social Responsibility,Sheila DAnnunzio,was elected
319、tothe board of directors of the Responsible Business Alliance(RBA),strengthening our longstandingcollaboration.The role will give us the opportunity to support the RBA in its drive for sustainablevalue for workers,the environment,and business throughout the global electronics supply chain.Further de
320、tails of our memberships,collaborations,and engagements can be found at .Sharing our values and visionWe organize numerous events and activities throughout the year,both formal and informal.In May 2023,we organized ST Sustainability Days at our Agrate site(Italy),to raise awareness ofour role and co
321、ntribution to sustainability.A diverse range of stakeholders including partners,customers,and students were hosted in our new 300mm manufacturing facility.The event included product demonstrations,presentations,and panel discussions designed toengage participants and build knowledge.Over 1,000 stake
322、holders attended,demonstrating ourcommitment to actively pursuing sustainability together.We value the different perspectives of our team members and encourage open dialog and honestfeedback.To ensure our employees feel informed and part of our community,we regularly sharenews and updates throughout
323、 the Company.Our President and CEO provides official updatesthrough CEO calls and videos,while local news and events are published on our intranet and socialmedia channels.Throughout the year,we publish communication and awareness campaigns on awide range of topics,such as new training opportunities
324、,sustainability initiatives,and employeehealth and safety.I 2-28 I 2-29 I42ST 2024 Sustainability reportContributing to theSustainable DevelopmentGoalsThe Sustainable Development Goals(SDGs)set by the United Nationsdefine global sustainable development priorities and aspirations for2030,highlighting
325、 the worlds biggest social and environmentalchallenges.As a multinational company,we are convinced we have aresponsibility and a role to play to help achieve these goals.Wemapped the 17 SDGs to our material topics and business strategy.Wethen identified the 11 goals that are most relevant to our sus
326、tainability strategy.Our performanceagainst these SDGs is highlighted throughout this report.Good health and well-being3.8 Achieve universal health coverage,including financial risk protection,access to quality essential health-careservices and access to safe,effective,quality and affordable essenti
327、al medicines and vaccines for allHealth and safety,People indicators3.9 By 2030,substantially reduce the number of deaths and illnesses from hazardous chemicals and air,waterand soil pollution and contaminationWaste,Chemicals,Environmental indicatorsEnsure inclusive and quality education for all and
328、 promote lifelonglearning4.3 By 2030,ensure equal access for all women and men to affordable and quality technical,vocational andtertiary education,including universityTalent attraction and engagement,Community and education,People indicators,Community indicatorsAchieve gender equality and empower a
329、ll women and girls5.5 Ensure womens full and effective participation and equal opportunities for leadership at all levels ofdecision-making in political,economic and public lifeDiversity,equity and inclusion,People indicatorsWe aim to ensure healthy lives and well-being for all.We are engaged in min
330、imizing risks of negative impact on people due to ouractivities.We support education in all the countries where we operate.We develop the competence of our employees through a blended approach.We aspire to achieve full gender equality.Our Women in Leadership program prepares the next generation of w
331、omenleaders.43ST 2024 Sustainability reportClean water and sanitation6.3 By 2030,improve water quality by reducing pollution,eliminating dumping and minimizing release ofhazardous chemicals and materials,halving the proportion of untreated wastewater and substantially increasingrecycling and safe re
332、use globallyWaste,Chemicals,Environmental indicators6.4 By 2030,substantially increase water-use efficiency across all sectors and ensure sustainable withdrawalsand supply of freshwater to address water scarcity and substantially reduce the number of people suffering fromwater scarcityWater,Environm
333、ental indicatorsEnsure access to affordable,reliable,sustainable and modernenergy for all7.3 By 2030,double the global rate of improvement in energy efficiencyEnergy and climate change,Environmental indicatorsPromote inclusive and sustainable economic growth,employmentand decent work for all8.7 Take immediate and effective measures to eradicate forced labor,end modern slavery and human trafficking
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