About this report

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 2023. 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. 2-12-22-3

There are no significant changes to the organization and its supply chain.

There is no restatement of information given in previous reports. 2-4

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 material topics of our sustainability strategy (see Sustainability strategy), which are aligned with our business priorities.

We identify these topics through a materiality exercise that considers the sustainability context and involves 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 our sites and quotes from stakeholders, enabling them to express their own views on our sustainability performance. 2-293-13-2

The report has been prepared in accordance with GRI Standards. 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.

We also disclose how and to what extent our economic activities are associated with environmentally sustainable economic activities, as defined in the recent EU taxonomy regulation (see EU taxonomy).

In addition, 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 (progress of up to 60%) (icon)

In progress

No progress/not achieved (icon)

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 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 – Bouskoura (Morrocco), Calamba (the Philippines), and Crolles (France) – to validate our data reporting process and provide assurance for this year’s report. In addition, DNV conducted a higher verification of four sustainability indicators related to safety, climate change, gender diversity, and employee engagement. Information and data relating to the ST Foundation were not part of DNV’s external verification exercise. See External assurance statement2-5

Availability

This sustainability report is available in PDF format at www.st.com/company-reports, along with last year’s report (April 20, 2023) and those from previous years. You can access the online version at sustainabilityreports.st.com. Printed copies are available on request. 2-3

Supporting the UN Global Compact and Sustainable Development Goals

We have been a signatory of the United Nations Global Compact since 2000 and we follow its 10 principles (see International standards). This report describes the actions we took during 2023 to implement these principles. It therefore serves as a reference for answering the Communication on Progress questionnaire.

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

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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 2023 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 for the year ended December 31, 2023, as filed with the SEC on February 22, 2024, 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) that are based on management’s current views and assumptions, and are conditioned upon and also 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, 2023. 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.

2024 edition

This report has been prepared by:

Director of publication: Jean-Louis Champseix

Editors in chief: Sheila D’Annunzio, Dominique Tagarian

Editorial team: Julia Genovini, Aggelina Kanellopoulou, Lauryane Leneveu, Catherine Pelissonnier, Axelle Scarpa, Pallavi Shanbhag, Alexandra Viaud, Selina Wykeham

Editorial services: Wordsworks

Graphic designers: STMicroelectronics graphic agency

Special thanks to: Marine Asselin de Villequier, Elena Borsotti, Alexis Breton, Hc Chew, Linda Cook, Alessandro Cremonesi, Gerard Cronin, Frédéric Delhomez, Philippe Dereeper, Nelly Dimey, Mathis Evezard, Eloah Fornaciari, Franck Freymond, Berengere 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, Paola Valsecchi, Pascal Roquet, Marielly Siquiera, Damien Tisserand, Mrinal Trehan, Celine Vial, Sam Zalcman, Olivier Zanellato.

Thanks to: Emanuela Ali, Sin Yin Ang, Adriano Basile, Alessandro Beretta, Pierre-Yves Berger, Monica Bianchi, Giovanna Bottani, Sarah Bracken, Olivia Cahuzac, Antonietta Calabrese, Cristiana Ciaraldi, Jerome Clement, Tom Collins, Corinne Cregut, Viviana Dalto, Aurelie Deville, Olivier Diop, Karen Duhart, Mattias Espanet, Susan Goh, François Guette, Francesca Illuzzi, Manoj Kumar, Bruno Laurent, Andrew Lastrina, Anne France Leblois, Olivier Lemarchand, Sophie Magendie, Veronica Manghi-Forni, Maurizio Martena Malfa, Karine Maurinaux, Jean-Pierre Mistral, Pierre Mollon, Cosimo Musca, Marie-Sophie Note, Gaetano Parisi, Lopa Patel, Elodie Pereira, Lanika Premdjee, Sandrine Roques Mounier, Manuela Sala, Patrizia Santoro, WD Dennis Tan, Louise Tastet, Irene Teo.

We also would like to thank:

  • everyone who kindly agreed to be quoted in this report and provide testimony of their collaboration with ST
  • everyone who kindly agreed to have their pictures published in the report
  • our interfaces at ST sites, organizations and sites sustainability champions and EHS teams who support our activity all year round
  • site directors and human resources managers
  • the teams audited in Agrate, Ang Mo Kio, Bouskoura, Calamba, Crolles, Kirkop and Rousset for their availability