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|STMicroelectronics Among Top Sustainable Companies for Fourth Year
Geneva – STMicroelectronics announced that for the fourth consecutive year the
company has been chosen as one of the top 20 sustainable companies worldwide by The Progressive Investor, a
respected monthly newsletter that guides investors and analysts towards sustainable investments.
is published by SustainableBusiness.com, which tracks stock performance in this emerging investor marketplace. “Our
goal is to create a list that showcases the top public companies leading the way to a sustainable society,” said
Rona Fried, CEO of SustainableBusiness.com, as the 2005 list was revealed. The judging panel was made up of five
leading social and environmental investment analysts, who were charged with selecting the 20 companies that stand
out as world leaders in both sustainability and financial strength.
SustainableBusiness.com, to be included in the SB20 list, a company must be a world-class example of sustainable
business, with excellent environmental practices nurtured throughout the organization; or its products and services
should contribute directly to reducing environmental problems. The company must also have a history of healthy
profitability and be considered by the judges to be a good investment opportunity.
“ST is proud
to be listed once again in the Sustainable Business top twenty,” said Georges Auguste, Corporate Vice President,
Total Quality and Environmental Management, STMicroelectronics. “All of our activities are governed in one way or
another by our Environmental Decalogue, which has now been an integral part of our culture for more than ten years,
and which ensures that every process, from the simplest to the most complex, contributes to our long-range goal of
becoming environmentally neutral and our profitability. In fact, we have also consistently demonstrated that far
from being an additional cost, our investment in environmental initiatives always provides a good return.”
ST has set social and environmental goals alongside more conventional business targets. A stated
corporate objective is “to contribute to the well being of our people and communities, emphasizing sustainable
development through environmental responsibility.” The Company’s environmental policy is led by an Environmental
Decalogue, a ten-point set of measurable, time-limited targets – defined in 1995 – that lead towards the ultimate
goal of becoming environmentally neutral. This long-term roadmap is part of ST’s basic operating principles,
remaining the ultimate environmental guide for every operation in the company and helping to breed a culture where
everyone is encouraged to be environmentally aware.
ST’s Environmental Decalogue defines specific
objectives for reducing the consumption of energy, water, and chemicals, and for reducing and limiting
greenhouse-gas emissions and waste. Design engineers are required to take into account the potential for pollution
due to the use of their products, and must design products which themselves have lower energy consumption, and which
also help end users to make more efficient applications. Annual environmental targets are set for each Product
Division alongside their industrial and commercial targets. All of ST’s manufacturing sites are EMAS (Eco-Management
and Audit Scheme) validated and ISO14001 certified.
Despite conventional wisdom believing that
green approaches are more costly, ST has consistently demonstrated that the opposite is true. The Company achieves
dramatic savings in energy costs each year, as a result of its 10 years of environmental initiatives. In the year
2004 alone, ST saved $102M in energy costs, against the 1995 baseline. Continuing investment in water conservation
and recycling initiatives has saved more than $62M since 1997, including $17M – the cost of 32 million cubic metres
of water, enough to quench the thirst of 44 million people – in 2004. In addition, an ongoing program of
substitution, process optimization, and recycling reduced 2004 consumption of the wide range of chemicals used in
semiconductor manufacturing by 7% compared to 2003, yielding a cost savings of $54M for the year.
Large or small, almost every initiative has been shown to have a financial, as well as an environmental
payback in the longer term. In addition, because ST’s success depends on its ability to attract and keep motivated
and talented employees, the Company’s strong environmental policy contributes to making its employees proud of their
company and makes it attractive to young engineers. But ST’s environmental philosophy has blossomed beyond the
Company’s borders, as it has driven its partners, customers, and suppliers to adopt sustainable practices. All of
these initiatives, in total, help STMicroelectronics focus on its “triple bottom line,” the economic, social, and
environmental performance that ensure the Company’s ongoing competitiveness and success.
list is available at:
Jueves, 08 Septiembre, 2005 - 04:10