Stakeholder engagement
Regular engagement with internal and external stakeholders is essential to help us assess our performance and meet expectations. By maintaining open communication and actively listening, we can integrate feedback into our decision-making and evolve to create long-term value.
Our diverse range of stakeholders includes employees, customers, suppliers, investors, communities, and industry associations. To help us work towards common goals, we collaborate through a broad range of channels across all levels of the Company. These vary across our sites according to their size and activity and take into account cultural and language differences.
During the verification process for this report, external auditors interviewed three stakeholders (an industrial partner, a think tank and an association on human rights) to gain valuable insights into their views of ST. This helps us maintain a balanced perspective, assess the effectiveness of our actions, and consider the views of our stakeholders going forward.
Stakeholders |
Key expectations |
How we engage |
EMPLOYEES |
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CUSTOMERS |
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INVESTORS & ANALYSTS |
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SUPPLIERS |
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LOCAL PARTNERS AND COMMUNITY |
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NATIONAL AND LOCAL AUTHORITIES |
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ACADEMIC INSTITUTIONS AND LABORATORIES |
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INDUSTRY ASSOCIATIONS |
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MEDIA |
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Key expectations are the top three issues identified by each group of stakeholders in our 2020 materiality exercise.
Involvement in industrial and international organizations
STMicroelectronics is a key player in the semiconductor industry. We participate in industrial and international organizations and aim to advance the semiconductor industry in the countries where we operate. We work with others to respond to developments and challenges related to our core business and areas of sustainable development.
Our President and CEO is one of the board members of the Global Semiconductor Alliance, which supports collaboration and innovation for the industry and across the ecosystem.
We are also active members of the World Semiconductor Council, chairing committees and participating in working groups in both the Semiconductor Industry Association in Europe and the Semiconductor Industry Association in the United States.
In 2023, ST’s Senior Director of Corporate Social Responsibility, Sheila D’Annunzio, was elected to the board of directors of the Responsible Business Alliance (RBA), strengthening our longstanding collaboration. The role will give us the opportunity to support the RBA in its drive for sustainable value for workers, the environment, and business throughout the global electronics supply chain. Further details of our memberships, collaborations, and engagements can be found at st.com.
Sharing our values and vision
We 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 of our role and contribution 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 to engage participants and build knowledge. Over 1,000 stakeholders attended, demonstrating our commitment to actively pursuing sustainability together.
We value the different perspectives of our team members and encourage open dialog and honest feedback. To ensure our employees feel informed and part of our community, we regularly share news and updates throughout the Company. Our President and CEO provides official updates through CEO calls and videos, while local news and events are published on our intranet and social media channels. Throughout the year, we publish communication and awareness campaigns on a wide range of topics, such as new training opportunities, sustainability initiatives, and employee health and safety.
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