NXP named one of the founding members of SEMI’s Semiconductor Climate Consortium to help address climate challenges across the semiconductor industry.
NXP® Semiconductors today announced it has joined the Semiconductor Climate Consortium (SCC) as a founding member. Created by the SEMI Sustainability Initiative, the consortium is the first global, industry-wide collaborative focused on addressing the semiconductor industry’s response to climate change.
SCC members include companies from across the semiconductor ecosystem, all with a vision to accelerate progress on climate action, including support of the Paris Agreement and related accords. The consortium will work together to set near- and long-term goals and align on common approaches, channels and innovations that will drive sustainable growth across the value chain.
The consortium will meet for the first time at the 2022 United Nations Climate Change Conference (COP27), which takes place from November 8 to November 10 in Sharm El Sheikh, Egypt.
Why It Matters
Joining SCC reaffirms NXP’s commitment to enabling a better, safer, more secure and sustainable world through innovation.
To ensure progress and accountability to the environment, NXP has set ambitious sustainability goals dedicated to continuous improvement and tracking year–on–year progress. Goals include achieving carbon neutrality in its operations by 2035, minimizing its impact on global water supplies and developing collaborative circular economy solutions. In early 2022, NXP formally committed to the Science Based Targets initiative (SBTi).
“NXP is proud to be one of the founding members of SCC as we remain unwavering in our commitment to a more sustainable future. We are excited to unite as a global industry to continue this sustainability journey together.”
Jennifer Wuamett, Executive Vice President, General Counsel and Chief Sustainability Officer
With the release of its 2021 Corporate Sustainability Report earlier this year, NXP announced it had succeeded in reducing its normalized carbon footprint in 2021 by 11% compared to 2020. Additionally, in 2021, NXP realized an 11% decrease in normalized water consumption over 2020 and increased overall waste recycling rate to 76%. More information on NXP's sustainability efforts can be found at nxp.com/sustainability.
Stay up-to-date with NXP’s ESG mission with Sustainability Stories magazine, spotlighting NXP technology, design and solutions that drive innovation to advance global sustainability.
For more information about the Semiconductor Climate Consortium, explore the SCC mission and vision page.
About NXP Semiconductors
NXP Semiconductors N.V. (NASDAQ: NXPI) enables a smarter, safer and more sustainable world through innovation. As the world leader in secure connectivity solutions for embedded applications, NXP is pushing boundaries in the automotive, industrial & IoT, mobile, and communication infrastructure markets. Built on more than 60 years of combined experience and expertise, the company has approximately 31,000 employees in more than 30 countries and posted revenue of $11.06 billion in 2021. Find out more at www.nxp.com.
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