In this report, we provide an overview of the economic, environmental, and social aspects of NXP’s business activities and products, and address many different readers, inside and outside the company. This is part of our commitment to transparency and sustainable business practices and provides us an opportunity to summarize how we put our Sustainability Policy into everyday practice.
Demand for Environmental, Social and Governance (ESG) disclosures has grown and a collection of reporting standards has emerged from a variety of organizations. To help us structure our reporting activities and organize this document, we follow a number of globally recognized standards. For example, we follow the Global Reporting Initiative (GRI) Standards and include our United Nations Communication on Progress, the Sustainable Accounting Standards Board (SASB), and an ESG performance summary. Data presented in this report covers the 2020 calendar year (January 1 to December 31).
The scope of this report includes our worldwide locations and joint ventures for which we have management control. Environmental data covers leased and owned internal manufacturing sites, which accounts for the majority of our environmental footprint.
In the past several years, a number of changes in our business have influenced our reporting:
We value feedback from all our stakeholders and take suggestions into account when reviewing our key Sustainability issues and their impact on our business. We interview stakeholders, research best practices, study the legislative landscape and review the results from our participation in various industry associations. As a result, each category that we report on meets three criteria: it is significant, it has a current or potential impact on the company, and it is a matter over which we, as a company, have a reasonable degree of control.