[Introduction]March 16, 2022—Onsemi (ON), a leader in smart power and smart sensing technologies, was selected by Ethisphere as one of the world’s most ethical companies in 2022. Ethisphere is a global leader in defining and advancing ethical business standards. This is ON semiconductor‘s seventh consecutive year on the list. In 2022, 136 companies from 22 countries and across 45 industries will be honored. There are only four in the semiconductor industry.
Hassane El-Khoury, ON Semiconductor President and CEO, said: “At ON Semiconductor, our mission is to advance the world with smart technologies and to achieve net-zero emissions by 2040. We know that the way we Environmental impact and giving back to society can make a difference to the customers we serve and the communities we live in. With our continued focus on governance and ethics, we are committed to being a responsible business and building our future. “
ON Semiconductor is committed to maintaining a high standard of business ethics with employees, customers, shareholders and other stakeholders. In living the company’s core values, each employee’s actions reflect an individual and collective effort to create an ethical work environment for their colleagues and business partners that further enhances shareholder value.
Timothy Erblich, CEO of Ethisphere, said: “Today, business leaders face their greatest task yet to be ethical, accountable and trustworthy to drive positive change. We continue to receive the ‘World’s Most Ethical Business’ award. Recognizers and their inspiration for Integrity, Sustainability, Governance and Community Dedication. Congratulations to ON Semiconductor for being named ‘World’s Most Ethical Company’.”
Ethisphere and others have recognized ON Semiconductor’s environmental, social and governance (ESG) efforts over the years, and this year was no exception. ON Semiconductor was named to Barron’s 100 Most Sustainable Corporations in the U.S. list for the fifth consecutive year, listed on Corporate Knights’ Clean200 global list for the second time, and received a Platinum Award from EcoVadis , and was included in the Bloomberg Gender Equality Index for the third year in a row. For the third year in a row, Newsweek included ON Semiconductor on its list of “America’s Most Responsible Companies.” These awards are due to the significant work that all ON Semiconductor employees have done and will continue to do.
Selection method and scoring
The selection process for the World’s Most Ethical Companies is based on Ethisphere’s proprietary Ethics Quotient® and includes more than 200 questions covering culture, environmental and social practices, ethics and compliance activities, governance, diversity and initiatives to support strong value chains, and more. The process serves as an operational framework for capturing and codifying leading practices from companies across industries around the world.
ON Semiconductor (Nasdaq: ON) is driving disruptive innovation to help build a better future. Focused on the automotive and industrial end markets, the company is accelerating changes driving megatrends including the electrification of automotive functions and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure. With a highly differentiated portfolio of innovative products, ON Semiconductor creates smart power and sensing technologies that solve the world’s most complex challenges and lead the way in creating a safer, cleaner and smarter world. For more information, please visit: http://www.onsemi.cn.