Our company confirms its commitment to climate change action and transparency

Climate change remains one of the key issues facing all companies in the world today, and we believe it is important to understand the potential risks to our business and to recognize and address the potential impact of our business on the climate. The better we can identify these risks and opportunities, the better we can mitigate climate challenges in our global business and better serve our customers. We are committed to promoting sustainable development within the company and continue to disclose the status and plans of climate change actions to our investors and all other stakeholders, and be accountable to them.

In 2021, ON Semiconductor confirmed its Climate Change Policy, highlighting its focus areas for climate change-related actions. Under the policy, the company intends to take actions to address carbon emissions from its global manufacturing sites, provide products that help customers achieve their climate goals, and provide education and information to employees on sustainable living.

The TCFD recommendations are designed to provide lenders, insurers and investors with information that is useful for decision making. The third-party analysis noted that the company’s well-developed enterprise risk management (ERM) program has identified some climate risks relevant to its business, and noted the current awareness of climate change among the board of directors, executive management and the company’s environment, health and safety (EHS) department.

We are proud to have key elements that address the four pillars of TCFD, including governance, strategy, risk management, and metrics and targets. Addressing these pillars requires a long-term commitment and can only be achieved with a clear vision and strong execution, with the involvement of the board, leadership and staff.

ON Semiconductor's 2019 Corporate Social Responsibility (CSR) can be downloaded by scanning the QR code. ON Semiconductor's 2020 CSR report is expected to be released in June 2021.