About this report
Scope and reporting period
This annual sustainability report outlines the sustainability strategy, programs and performance of STMicroelectronics (ST) during the calendar year 2021. It is aimed at stakeholders who want to learn more about our commitment and approach to sustainability. Unless otherwise stated, the information and data cover all our activities and sites. I 102-1 I 102-50 I 102-52 I
There are no significant changes to the organization and its supply chain. There is no restatement of information given in previous reports. I 102-10 I 102-48 I
Report structure and content
This report is aligned with Global Reporting Initiative (GRI) Standards for stakeholder inclusiveness, sustainability context, materiality and completeness. It focuses on the 14 material topics of our sustainability strategy (see Sustainability strategy), which are aligned with our business priorities. We identified these topics in 2020 through a materiality exercise that considered the sustainability context and involved a review of stakeholders’ concerns (see Stakeholder engagement). For each material topic, we define ambitions and goals, and implement programs. In response to our stakeholders’ expectations and for a better understanding of our performance, we disclose data and information from previous years. We also include examples of actions we have carried out at ST sites and quotes from stakeholders, enabling them to express their own views on our sustainability performance. I 102-46 I 102-49 I
The report has been prepared in accordance with the GRI Standards: Core option. We use labels to disclose GRI Standards throughout the report and we list all references to GRI Standards and the corresponding page numbers in the GRI content index. I 102-54 I
This year, for the first time, we disclose how and to what extent our economic activities are associated with environmentally sustainable economic activities, as defined in the new EU taxonomy regulation (see EU Taxonomy).
Our disclosures are aligned with the Sustainability Accounting Standards Board (SASB) semiconductor standard and the Task Force on Climate-related Financial Disclosures (TCFD) framework.
Use of symbols
We use the following symbols in this report to indicate our progress towards our objectives:
Target achieved
In progress
No progress/not achieved
External verification
ST’s Sustainability Group Vice President has appointed DNV Business Assurance France (DNV) to provide us with assurance services. DNV has verified the content and data in this report and confirmed that it has been prepared in accordance with the GRI Standards: Core option. DNV interviewed all relevant corporate departments and three of the stakeholders quoted in this report. DNV audited three manufacturing sites – Agrate (Italy), Rousset (France), and Shenzhen (China) – to validate our data reporting process and provide assurance for this year’s report. DNV conducted a higher level of verification of five sustainability indicators related to safety, climate change, gender diversity and employee engagement at Ang Mo Kio (Singapore), Crolles (France) and Muar (Malaysia) in addition to the three sites mentioned above. Information and data relating to the ST Foundation were not part of DNV’s external verification exercise. See DNV’s assurance statement. I 102-56 I
Availability
This sustainability report is available in PDF format at www.st.com/company-reports, along with last year’s report (May 5, 2021) and those from previous years. You can access the 2022 online version at sustainabilityreports.st.com. Printed copies are available on request. I 102-51 I
Supporting the UN Global Compact and Sustainable Development Goals
We have been a signatory of the United Nations Global Compact (UNGC) since 2000 and we follow its 10 principles. This report describes the actions we have taken during 2021 to implement these principles. It therefore serves as our 2021 Communication on Progress. I 102-12 I
ST supports the United Nations Sustainable Development Goals (SDGs). Our contribution to 11 of the 17 SDGs is highlighted throughout this report, including indicators to measure our performance against these goals: SDG
Feedback I 102-3 I 102-53 I
We value feedback and encourage contributions and suggestions from all our stakeholders. You can email us at sustainable.development@st.com or write to us at our headquarters:
Corporate Sustainable Development
STMicroelectronics International NV
39 Chemin du Champ-des-Filles
C.P. 21
CH-1228 Geneva – Plan-Les-Ouates
Switzerland
This report has been prepared according to GRI Standards and is externally assured. It represents a balanced and reasonable presentation of our organization’s economic, environmental and social performance. It also demonstrates our commitment to the UN Global Compact, to which we have been a signatory since 2000.
Jean-Marc Chery, President and CEO
Although reasonable efforts have been made to ensure the consistency of the summary financial information for the year 2021 in this report with ST’s financial reporting, reliance should only be placed upon the complete financial reporting contained in ST’s Annual Report on Form 20-F (US GAAP) for the year ended December 31, 2021, as filed with the SEC on February 24, 2022, and contained in ST’s Dutch Statutory Annual Report (IFRS) for the year ended December 31, 2021, as filed with the AFM (Dutch Financial Market Authority) on March 24, 2022, which can be found at www.st.com. Some of the statements contained in this report that are not historical facts are statements of future expectations and other forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 or Section 21E of the Securities Exchange Act of 1934, each as amended) based on management’s current views and assumptions, and involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those in such statements. Certain such forward-looking statements can be identified by the use of forward-looking terminology such as ‘believes’, ‘may’, ‘will’, ‘should’, ‘would be’ or ‘anticipates’ or similar expressions or the negative thereof or other variations thereof or comparable terminology, or by discussions of strategy, plans or intentions. Some of the relevant risk factors are described in ‘Item 3. Key Information – Risk Factors’ included in our Annual Report on Form 20-F for the year ended December 31, 2021. We do not intend, and do not assume any obligation, to update any information or forward-looking statements set forth in this report to reflect subsequent events or circumstances.
