Onsemi (NASDAQ: ON), a leader in smart power and smart sensing technologies, announced that it has been named one of Investor’s Business Daily’s (IBD) 4th ESG Best Performers of 2022 Top 100 companies list, ranking 52nd. This is ON Semiconductor’s second consecutive year on the list.
IBD comprehensively collects the environmental, social and governance (hereinafter referred to as “ESG”) information of all listed companies in the United States with a stock price of 10 US dollars or more for ranking, and combines these data with IBD’s stock rating to make the list The company is “the leader in ESG investment”. Here is the full list and more information on the ranking methodology.
ON Semiconductor has achieved record sustainable product revenue since it was last announced on IBD’s Top 100 ESG Performers list, demonstrating its strategic positioning to drive deep decarbonization of carbon-intensive industries. In addition, ON Semiconductor’s water consumption decreased year-on-year, and the number of female executives also increased. The company also released more information about its net-zero emissions goal and strategy to achieve its ambitious goals, including exploring investments in renewable and clean energy, assembling emissions-reducing technologies to reduce greenhouse gas emissions from its semiconductor manufacturing processes, and Work with suppliers to reduce the carbon impact of their supply chains.
“ON Semiconductor is honored to be named to Investor’s Business Daily’s Top 100 ESG Performers list for the second year in a row,” said Kim Luu, Senior Director of Sustainability and ESG at ON Semiconductor. Delivering breakthrough technologies and products to help customers meet their carbon reduction goals, while ensuring our own business operations are aligned with the goal of achieving net zero emissions by 2040.”
ON Semiconductor was also recently included in the IBD 50 list of today’s best growth stocks and IBD’s Technology Leaders list. ON Semiconductor was included in the Dow Jones Sustainability North America Index for the fourth consecutive year. ON Semiconductor is also included in other related ESG indexes, such as STOXX® Global ESG Leaders Index (STOXX® Global ESG Leaders Index), JUST U.S. Large Cap Diversified Index, NASDAQ Clean Edge Clean Green Energy Index (NASDAQ Clean Edge Green Energy Index) and the NASDAQ OMX Energy Management Index (NASDAQ OMX Energy Management).