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SIGN INNXP has been committed to corporate responsibility and sustainability within our organization and throughout our stakeholder community since our founding in 2006.
We endeavor to provide a safe and healthy working environment, to use resources effectively and efficiently and to be accountable and transparent regarding the impacts of our activities. We also strive to exceed existing standards and stakeholder expectations and actively contribute to industry best practices.
We have a long-standing commitment to operational sustainability, underscored by a history of continuous performance improvements. Below, we outline our sustainability mission and the key components of our longer-term sustainability strategy.
| Strategy | Guiding Principles |
|---|---|
| Innovate advancements that enable a better, safer, more secure and more sustainable world. | Push boundaries and explore new approaches to develop innovative and sustainable products and solutions. |
| Optimize our use of resources and impacts associated with our operations. | Pursue continual improvements to use resources efficiently and responsibly. |
| Leverage our global team to actively drive our business strategy and impact on the world. | Respect human rights and promote an ethical, safe and healthy work environment. Foster an environment of trust and respect, where team members collaborate to drive innovation. |
| Collaborate with our stakeholders on global sustainability initiatives. Build trust through transparency in our business practices and operations. | Proactively assess risk and build resilience through robust governance systems, including appropriate goals and processes. |
Our vision is to help bring the future forward while reducing our impact on the environment. Explore our Corporate Sustainability Report to see our goals and progress throughout 2024.
Our sustainability aspiration is to enable a better, safer, more secure and more sustainable world through innovation. That aspiration has given rise to a series of global goals that inform our efforts and enable us to gauge our performance, celebrate our accomplishments and address opportunities for improvement.
We improved our product portfolio assessment process to better understand how our products enable sustainable solutions and identified opportunities to maximize positive impact.
We strove to continuously increase the energy efficiency and performance of our products with the goal of reducing our use of raw materials and lowering our greenhouse-gas (GHG) emissions.
We decreased our absolute Scope 1 and 2 emissions by 39% compared to our baseline year of 2021.1
We decreased our absolute Scope 1 and 2 emissions by 39% compared to our baseline year of 2021.1
We decreased our Scope 3 emissions by 47% compared to our baseline year of 2022.
We used 44% renewable electricity, an increase of 13 percentage points compared to our baseline year of 2021.
We recycled 55% of wastewater, an increase of 7 percentage points compared to our baseline year of 2021.
We recycled 89% of waste, an increase of 13 percentage points compared to our baseline year of 2021.
Women made up 36% of our global workforce, the same percentage as 2023.
We updated the NXP Supplier Code of Conduct and Auditable Standards on Social Responsibility to reflect evolving industry and stakeholder expectations and prepare for further regulatory changes.
We maintained a low Total Case Incident Rate (TCIR) of 0.07 and remain well below semiconductor-industry averages.
We continued to survey our top-tier suppliers to gauge their environmental footprints, and include their performance in our supplier rating to derive action plans.
We continued to drive the company-wide Sustainability Program involving all functions and with clear roles and responsibilities, embedding sustainability in all the relevant areas of our business, including decision making.
1 Lower factory loading caused 2024 emissions to be significantly lower than expected.
2 NXP’s approach is to reduce its Scope 1 and Scope 2 emissions by 2035 by prioritizing the implementation of technically and socio-economically feasible solutions. We intend to offset any remaining Scope 1 and Scope 2 emissions. This carbon neutrality goal is not aligned with SBTi.
3 We aim to achieve our renewable electricity goal through the use of unbundled renewable energy certificates, power purchase agreements and, in select cases, self-generation. This goal is not aligned with SBTi.
Our sustainability strategy is aligned with and incorporated into the company’s long-term business strategy. NXP's Board of Directors has ultimate oversight responsibility for sustainability matters. The full Board focuses on significant sustainability matters, with Board Committees undertaking oversight of sustainability issues relevant to their responsibilities.
Sustainability Program oversight is delegated to the Nominating, Governance and Sustainability Committee, which oversees integration of a broad set of sustainability considerations into business functions. Specific aspects of sustainability oversight are delegated to the Audit and Human Resources Compensation Committees for sustainability matters within their core areas of expertise.
The Nominating, Governance and Sustainability Committee receives quarterly updates from representatives of the Sustainability Management Board and, in turn, reports on these efforts in plenary meetings of NXP’s Board of Directors.
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Sustainability Strategy
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